Principal Financial Analyst

Responsibilities

• Run reports in the financial systems, reconcile account balances and prepare journal entries for assigned funds and accounts to ensure transactions are accurately recorded in the financial systems.
• Prepare journal entries to record monthly accruals, correct posting errors, etc.
• Maintain a set of control accounts to verify accuracy of transaction records.
• Monitor financial control over expenditures and receipts, review monthly reports with management and make adjusting journal entries if necessary.
• Develop, recommend and implement internal procedures; review and research expenditures for accuracy and timeliness, and advise program and activity managers of concerns and/or problems.
• Aid in monitoring, reconciliation, and reporting of activity (monthly, quarterly, yearly) of operating and capital accounts and funds or other project related reporting, to ensure sufficient funds are available to meet department and activity needs by reviewing requests for compliance with federal and state laws, department policies and internal controls; analyze and interpret fiscal data; develop and implement new procedures to solve problems; and monitor cash flows.
• Prepare financial analysis for customers with varying degrees of financial understanding.
• Respond to internal, Federal, and State Audit questions accordingly.
• Maintain data within relevant systems including PeopleSoft (Financial and HRMS), Hyperion, TXBase and will be responsible for monitoring all sub-systems and departments with the general ledger to ensure accurate financial reporting.
• Train co-workers, as directed, in specific task and job practices and procedures to improve and maintain performance levels by communicating timetables and quality standards for tasks; and provide instruction on policies and procedures as needed.
• Monitor financial, operational reporting and prepares variance to budget analysis.
• Coordinates and inputs operating and capital data into Metro Transit financial systems to generate monthly financial statement.
• Prepares special administrative management studies, analyzes budget expenditure estimates and accounts, fund and project balances to ensure compliance with federal and funding policies and procedures.
• Maintains ongoing Financial and operational results for deviations from plan and recommends corrective actions to decision makers.
• Identifies system modifications for improved financial controls and evaluates programs effectiveness and recommends changes.
• Other duties assigned or apparent.

Qualifications

• Any of the following combinations of experience in an accounting or finance environment including the development and use of financial or budgeting systems and completed education in accounting, finance, business administration, or closely related field:
• High school diploma/GED with eight (8) years of experience in an accounting or finance environment including the development and use of financial or budgeting systems.
• Associate degree with six (6) years of experience in an accounting or finance environment including the development and use of financial and budgeting systems.
• Bachelor’s degree or higher with four (4) years of experience in an accounting or finance environment including the development and use of financial or budgeting systems.