"Senior Financial Analyst I"

Position Summary

Rutgers, The State University of New Jersey is seeking a Senior Financial Analyst I within the Office of Finance and Administration – RBHS.

The Senior Financial Analyst I position reports to the RBHS Associate Director of Finance in the Office of the Senior Vice Chancellor for Finance and Administration, RBHS and deals daily with highly confidential and sensitive financial and operational information.

In this role, the Senior Financial Analyst I prepares monthly, quarterly, and yearly financial statements, financial analytics, modeling, and ad hoc reporting for senior management. The selected candidate must be adept with Excel and have excellent written communication skills, along with exceptionally strong financial analytical skills, including detailed variance reporting.

In addition, the Senior Financial Analyst I provides and maintains accounting and related records and files and participates in the financial year-end audit process. The selected candidate should have a strong knowledge of accounting principles and cost analysis, as well as a willingness to prepare standard journal entries for daily business transactions and month-end closing. Furthermore, the role analyzes and reconciles monthly transactions and reports in conformity with generally accepted accounting principles.

Essential Duties and Responsibilities

• Responsible for the preparation and distribution of documents, including cost-related analyses, requested by the Office of University Labor Relations and the Office of General Counsel, in support of the university's labor negotiations efforts and labor relations functions related to the administration of collective negotiations agreements.
• Assists with internal invoicing, reimbursement, reconciliation, and tracking of Chancellor strategic funding and mission support, including reviewing documentation for new and existing commitments, ensuring compliance with commitments, maintaining archives of commitment documentation and transaction history, and assisting with the preparation of journal entries and payment of commitments.
• Works with RH Units to facilitate timely and accurate processing and tracking of commitments, including compiling mission support commitment transactions, details, and final billing documentation review and creation.
• Budgets and forecasts commitment revenues and expenses as part of the annual budget and multi-year strategic planning process.
• Supports the RBHS Housestaff Affiliate Billing Operations by assisting the Associate Director of Finance with invoicing and payment processing for contractual arrangements related to residents and fellows within the medical schools, including invoice creation and distribution, payment processing and reconciliation, report dissemination to medical school management, and accounts receivable follow-up with hospital partners. This program consists of more than 1,000 resident FTEs, more than 900 annual invoices, and more than 400 payments in excess of $125M, requiring coordination with three RBHS Units and 43 hospital partners.
• Provides direct support in preparing fiscal year budgets by creating budgets and forecasts, developing an understanding of units' actual-to-budget variances, and assisting with decision support and ad hoc analysis.
• Supports RBHS schools and units with financial systems inquiries, works with the Associate Director of Finance and Associate Vice Chancellor of Finance to convey budget and financial information to analysts and managers in the Rutgers University Budget Office, and assists with the creation of the RBHS Tuition and Fees report for the Board of Governors public hearing.
• Generates monthly management reporting and analysis as requested, including reports and analysis of revenues, expenses, commitments, and FTEs; prepares monthly financial reports with all supporting analysis; and monitors and investigates areas of excessive spending, submitting recommendations and plans to minimize expenses as necessary.
• Conducts financial analysis, budgeting, projections, and other financial-related projects, and coordinates financial tasks and operations with Purchasing, Grants, Legal Management, Accounting, Human Resources, and other departments as required.

Minimum Education and Experience

• Bachelor's Degree in Finance, Business Administration, or Accounting. Four (4) years of experience in financial analysis, budgeting, or other relevant area.
• Equivalent experience, education and/or training may be substituted for the education.

Physical Demands and Work Environment

PHYSICAL DEMANDS: No significant physical demands.

WORK ENVIRONMENT: Office environment. Moderate noise.

Salary

Minimum Salary: $93,771