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Form of workThe Financial Analyst is responsible for several functions within the financial operations of the University. From the assembly and analyzes data and transactions, prepares statements and reports relating to an assigned area of responsibility to the planning, evaluation, design, and implementation of the university budget while in compliance with accounting standards. This role requires the creation of financial forecasts and making budgeting decisions. The Financial Analyst assists the Vice President of Business Affairs in processing the annual and quarterly budget development. Responsible for creating functional strategies and specific objectives and developing policies and procedures that support the overall functional infrastructure
Essential Functions:
- Promote Franciscan ideals and adherence to the Mission of the University as demonstrated by the University's Ideal Characteristics. As we are an equal opportunity employer committed to Franciscan values, all employees share responsibility for advancing diversity, equity, and inclusion in the performance of their roles while demonstrating service orientation, respect for all, intellectual curiosity, solution focus and innovation, and mutual accountability.Analyze historical financial data and market trends to make informed budgetary recommendations.Conduct cost‐benefit analysis for proposed initiatives and provide financial insights to leadership as needed.Evaluate financial data to identify potential risks and opportunities for the university.Provide recommendations for strategic decision‐making based on financial projections.Assist in the preparation and development of the annual budget in collaboration with university departments.Work closely with department heads to gather budget requests and forecasts.Ensure compliance with university budget policies and guidelines.Regularly monitor budget performance and variances, identifying areas of concern and proposing corrective actions.Prepare and distribute financial reports and dashboards to track budget vs. actual expenditures.Assist in financial planning and forecasting, contributing to the development of financial models and scenarios.Prepare accurate and timely financial reports for university leadership, trustees, and external stakeholders.Generate ad‐hoc financial reports and analyses as requested.Ensure the integrity of financial data and compliance with accounting standards.Work closely with Human Resources to determine budget allocations for staffing needs.Partner with various departments to provide financial guidance and support in alignment with departmental goals.Foster a culture of fiscal responsibility and transparency throughout the university.
Qualifications/Education:
- Commitment to the mission statement, core values, and goals of Alvernia University.A bachelor's degree in accounting or finance is required.One to Five years or more of budget experience.Proven experience as a budget analyst or in a similar financial role, preferably in higher educationStrong analytical and quantitative skills.Proficiency in financial software and tools, including Excel, financial modeling, with the ability to learn, investigate, navigate and troubleshoot procedures.Knowledge of accounting principles and financial regulations and familiarity with budgeting practices.Excellent communication and interpersonal skills.Meticulous attention to detail and a high level of accuracy.Ability to collaborate effectively with cross‐functional teams and adapt to changing priorities.Excellent knowledge of forecasting methods and data analysis.Ability to communicate budgeting and financial information to various levels of the university.
Physical Requirements:
- Attendance is required in order to perform the duties of this job. Prolonged periods of sitting at a desk and working on a computer.Must be able to lift 15 pounds at times.
