Financial Analyst

Primary Location: Research Foundation of The City University of New York (RFCUNY)

About the role

The Financial Analyst supports the procurement lifecycle and ensures timely, accurate procurement and accounts payable transactions. This position reports to the Manager of Procurement and Accounts Payable and involves creating, reviewing, and analyzing procurement data and reports, troubleshooting issues, and communicating with internal and external stakeholders. The incumbent must exercise independent judgment, maintain high ethical standards, and ensure compliance with relevant regulations and policies. The ability to handle confidential data is required. The incumbent may supervise temporary employees, student workers, or interns.

The department processes approximately 75,000 transactions annually, representing about $200M in non-payroll accounts payable and procurement activity for CUNY’s sponsored programs, with a team of 25 staff members.

Responsibilities

• Financial Reporting and Data Analysis:
  • Analyze procurement and accounts payable data.
  • Develop and execute complex regular and ad-hoc financial reports containing confidential data.
  • Analyze financial transactions, workflows, and identify and troubleshoot issues.
  • Perform trend analysis and forecasting.
  • Perform detailed spend analytics by supplier, category, department, grant, or funding source.
  • Identify duplicate payments, duplicate suppliers, and pricing inconsistencies through analytical reviews.
  • Utilize RFCUNY’s systems and software (including Excel) to generate relevant reports and metrics for end-users, suppliers, and internal use.
  • Analyze historical purchases, payments, and records.
  • Assist with year-end closing and reporting activities and audits.
  • Perform other related duties as assigned.
• Procurement Duties:
  • Analyze spend patterns and trends, and identify opportunities for savings and efficiency improvements.
  • Perform supplier setup, maintain supplier records, and assist in supplier onboarding.
  • Work with existing and prospective external suppliers, analyze pricing, and add suppliers and/or goods to procurement catalog.
  • Provide administrative and analytical support for large procurement projects, Requests for Proposals (RFPs), and Requests for Bid (RFBs).
  • Ensure confidential handling of RFCUNY and supplier information.
  • Review, verify, prepare, and process requests for procurement of goods and services, including purchase requisitions, purchase orders, procurement card transactions, expense reimbursements, supplier contracts, construction contracts, leases, and travel services.
  • Ensure compliance with RFCUNY procurement policy and procedures, applicable federal and state regulations, and sponsor requirements.
  • Consult and coordinate with internal departments including Grants & Contracts, Legal, and Finance, as well as CUNY offices, as needed.
  • Research and respond to inquiries; troubleshoot and solve problems.

Requirements

• Bachelor’s degree in Business Administration, Accounting, Finance, Data Science, Supply Chain Management, or related field, and 2+ years of relevant experience.
• Master’s degree preferred.
• Advanced proficiency in financial reporting and data analysis.
• Strong understanding of procurement and general accounting principles.
• Familiarity with ERP or procurement systems, such as Workday or Jaggaer, preferred.
• Competence in coding, advanced data analysis techniques, and Artificial Intelligence applications.
• Supplier relationship management and contract management experience preferred.

Skills

• Attention to detail and a high level of accuracy.
• Strong positive customer relationship skills.
• Analytical and quantitative skills.
• Expert-level Excel skills (Pivot Tables, VLOOKUP/XLOOKUP, etc.).
• Competence in other analytical software and tools (e.g., Power BI) preferred.
• Teamwork and customer focus.
• Problem-solving and excellent organizational skills.
• Strong time management, verbal, and written communication skills.
• Discretion and ability to handle confidential data.
• Ability to work independently and collaboratively and manage multiple priorities in a fast-paced setting.
• Ability to quickly learn and use complex enterprise systems and software.

Pay

$78,329 - $84,856

Benefits

RFCUNY Employee Benefits and Accruals (specific details not provided in the posting).