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You are here: The Job Explorer > Job Description > Financial Analyst Senior

Financial Analyst Senior Duties and Responsibilities

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Purpose of Classification:

Establishes control procedures, accounting and reporting systems to provide specialized financial and cost accounting information to various users on request. Performs detailed cost and financial analyses. Develops and interprets detailed cost accounting information and makes recommendations regarding the efficient utilization of resources and the proper accounting for transactions. Assists University administration in the analysis, development and integration of new or revised institutional policies and procedures. Supervises professional staff in performing duties. Acts as a project leader. Exercises discretion and creativity as to work details on assignments of a varied, diverse and difficult nature. Solves complex technical and managerial problems utilizing an understanding of interrelationships with other aspects of the university in areas where no precedent exists.

Distinguishing Characteristics:

This is second in a series of three classifications. It is distinguished from the Financial Analyst in that incumbent's work independently under broad direction and may provide work direction and supervision to professional staff. It is distinguished from the Financial Analyst Principal classification in that incumbent's act as project leaders on a single major project, whereas the Financial Analyst Principal has responsibility for simultaneously managing multiple projects. Assumes greater than average responsibility for specialized, complex, or large financial analysis assignments where overall impact is great.

Examples of Duties:

  • Responsible for all phases of rate development, including identifying cost centers and their related expenses, and calculating recovery rates (e.g., recharge, indirect cost); responsible for preparation of related reports.
  • Designs costs accounting or reporting systems and related forms and documents; determines input-output requirements.
  • Provides advisory services to departments with respect to updating billing rates and interpreting cost accounting data; recommends alternative solutions to cost accounting problems.
  • Performs or supervises preparation of specialized financial or cost analyses (e.g., cash flow analysis, "what-if" analysis); prepares related reports (e.g., pro-forma financial statements).
  • Responsible for all phases of reviews of financial and internal controls to determine whether such controls are adequate to meet management objectives and ensure the safeguarding of assets; recommends and implements security and system control procedures.
  • Interviews employees at all levels to analyze policies, work procedures and operational methods.
  • Advises management with respect to internal costing practices and compliance with federal and state regulations.
  • Performs examinations of the adequacy and effectiveness of management practices and policies; recommends changes to enhance operating efficiencies.
  • Supervises subordinate personnel including motivating, training and delegating assignments; monitors performance and conducts performance evaluations; takes disciplinary/corrective action; recommends salary increases and promotions as well as hiring and firing of personnel.
  • Conducts meetings to encourage interaction and the exchange of ideas, concerns and proposals from various organizations to facilitate solutions to administrative problems.
  • Provides technical advice and services to University departments requesting assistance solving complex problems or issues, or completing special projects.

Knowledge, Skills and Abilities:

  • Knowledge of cost and financial accounting principles, practices and procedures.
  • Knowledge of supervisory practices and principles.
  • Knowledge of principles and techniques used in conducting management studies, system analyses, and financial analyses.
  • Knowledge of internal control systems and procedures.
  • Skill in performing complex numerical calculations.
  • Skill in preparing complex management reports on a timely basis.
  • Skill in the use of personal computers and related financial and statistical software products.
  • Skill in both verbal and written communication.

Minimum Qualifications:

Bachelor's Degree with a major in Accounting, Finance or related areas (or a Bachelors' Degree with advanced accounting coursework) AND four years of auditing, cost accounting and/or financial analysis experience; OR, Eight years auditing,cost accounting education with financial analysis experience; OR, Any equivalent combination of experience and/or education from which comparable knowledge, skills and abilities have been achieved.


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