Financial Analyst 1

Summary

The Financial Analyst will assist with the financial operations for Rosenstiel by monitoring, supporting, and evaluating grant activities and research accounts from proposals and award set-up to closeout within the assigned department(s) to ensure compliance with applicable University, State and Federal policies. Moreover, this position interprets applicable regulations and assists faculty and staff in understanding the proposal preparation and submission and sponsored programs requirements.

Duties And Responsibilities

• Prepare and submit comprehensive financial reports, follow up with faculty regarding the submission of technical reports, and ensure that copies are obtained and filed appropriately.
• Maintain detailed salary projection spreadsheets for each faculty member, their laboratory, staff, and students; notify Human Resources of salary funding concerns that may necessitate lay-off notifications for research faculty and staff.
• Ensure award information is up to date and process related amendments, including budget continuations, re-budgeting requests, no-cost extensions, and funding requests; generate all required award reports.
• Distribute account summaries and implement corrective measures, such as cost transfers, with proper justification and supporting documentation as necessary.
• Audit expense transactions in accordance with approved budgets, ensuring compliance with relevant government and agency regulations, as well as University policies.
• Track award end dates, notify Principal Investigators regarding burn rates, and initiate requests for extensions and fund utilization as required by the award terms.
• Review and approve salary transactions, employee expense reimbursements, acquisitions of capital equipment, journal entries, and purchase order requests, including consulting services, sub-awards, technical supplies, and outside services.
• Perform account reconciliations against the University’s Financial Records System (Workday) for assigned accounts, ensuring agencies remit payments to UM in accordance with contractual obligations.
• Conduct financial and budgetary planning analyses for accounts; provide analytical support to facilitate decision-making by faculty and senior management.
• Monitor residual balances of fixed-price contracts and coordinate the transfer of these funds to Rosenstiel accounts.

Qualifications

• A bachelor’s degree in Finance, Accounting, Research Administration or related field is preferred.
• Two years of progressively responsible experience, preferably in an academic and research setting.
• Experience in research administration highly preferred.
• Strong accounting and analytical skills, and knowledge of general accounting principles.
• Ability to work in a complex environment with the skills to manage multiple tasks and deadlines, establish priorities, set objectives, and achieve stated goals.
• Appreciation for organizational subtleties and a high level of discretion.
• Excellent oral and written communication skills.
• Excellent computer (specifically Excel) and organizational skills.
• Strong customer service focus.
• Attention to detail.
• Ability to learn quickly.