Financial Analyst Senior Duties and Responsibilities
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.
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
- 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
- Skill in the use of personal computers and related financial
and statistical software products.
- Skill in both verbal and written communication.
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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