Financial Analyst Duties and Responsibilities
Purpose of Classification:
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. Exercises discretion and
creativity as to work details on assignments of a varied, diverse
and difficult nature. Assists in solving complex technical problems
in areas where no precedent exists.
Distinguishing Characteristics:
This is
first in a series of three classifications. It is distinguished from
the Financial Analyst Senior in that incumbents perform tasks under
direction. Assumes some responsibility for specialized, complex or
large financial analyses assignments where overall impact is great.
Examples of Duties:
- Performs specific tasks related to rate development,
including identifying cost centers and their related expenses,
and calculating recovery rates (e.g., recharge, indirect cost);
prepares related reports.
- Provides technical assistance in the design of cost
accounting or reporting systems and related forms and documents.
- Assists with the provision of advisory services to
departments with respect to updating billing rates and
interpreting cost accounting data; recommends alternative
solutions to cost accounting problems.
- Performs specialized financial or cost analyses (e.g.,
cash-flow analysis, "what-if" analysis); prepares related
reports (e.g., pro-forma financial statements).
- Assists in 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.
- Performs specific tasks related to reviews of management
practices and policies; recommends changes to enhance operating
efficiencies.
Knowledge, Skills and Abilities:
- Knowledge of cost and financial accounting principles,
practices and procedures.
- 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
area (or a Bachelor's degree with advanced accounting coursework)
AND two years of auditing, cost accounting and/or financial analysis
experience; OR, Six 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.
Next: Financial Analyst Principal Job Description |
|
|