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Position Summary: We have an exciting opportunity to join our team as a Financial Analyst in Microbiology department.
The Financial Analyst supports the Business Manager and the Departmental Administrator in overseeing and analyzing the financial operations of the department by monitoring standard activities in accordance with departmental and institutional internal controls and financial standard operating procedures. The Financial Analyst provides analytical support by proactively researching, collecting, interpreting and presenting relevant financial data, maintaining tools, tracking logs and databases, processing financial transactions and personnel funding changes, generating standard and ad hoc financial reports and forecasts used to produce accurate and timely financial information to aid in the decision making to meet the departments aggressive objectives in research, operating and philanthropic financial goals. Information must be provided to key constituents in a timely and accurate fashion, including department leadership, PIs, Central and Research Finance stakeholders, and funding agencies. In close collaboration with the Business Manager and the Departmental Administrator, the Financial Analyst helps develop strategies to ensure optimization of funding and financial support for faculty and staff and is instrumental in implementing changes and process improvement initiatives that will advance the Departments overall financial landscape.
Maintain accurate up-to-date tools, databases, tracking logs and repositories of financial data and forecasts.
Generate standard financial and ad hoc reports, interprets reports to departmental faculty, administration and research staff; monitors trends and alerts the Business Manager and the Administrator to any potential issues and red flags; provide general financial support (e.g. monthly review of core services charges; processing requisitions and reimbursements for PIs and research staff etc.).
Assist in the development and implementation of robust internal controls and financial SOPs for the department; educate PIs and research personnel on allowable and unallowable expenses as per the terms of the sponsor agreement.
Process and review departmental personnel funding distribution and financial transactions (cost transfers, journal vouchers) for compliance with sponsor and institutional policies and budgets; complete all grant closeout packages; timely escalate potential issues to the Business Manager.
Liaise with SPA and RDM to ensure new grant budgets are set up as per NOA; initiate accounting entries to allocate funds according to budgets; proactively resolve accounting deficits, re-class erroneous entries and remove unallowable expenses.
Reconcile monthly financial activity across multiple accounts; identify, investigate and follow up on financial inaccuracies and irregularities by reaching out to relevant parties.
Assist the Business Manager and Departmental Administrator in preparation and submission of annual budget across all missions and funds (operating, grants & contracts, private foundations, discretionary, special purpose funds and service centers).
Minimum Qualifications: To qualify you must have a Bachelors degree in Business, Health Administration, Finance or related field with minimum 2-3 years of related experience (preferably healthcare, non-profit or public sector.) Sound understanding of financial management and principles and solid proficiency in Excel. Intermediate to expert knowledge of Word, PowerPoint and Outlook. Familiarity with academic medical centers operations and some knowledge of pre- and post-award grants management is a plus. Excellent written and verbal communication skills and ability to convey financial information in a succinct and easily understandable manner to stakeholders with varying levels of financial expertise. Ability to handle sensitive and confidential issues with appropriate discretion and diplomacy. Exercise sound judgment, based on gathering and analyzing of factual and objective data. Able to implement workflow process improvements and make recommendations. Customer service- and team-work oriented. Positive, can-do attitude and solid work ethic.
Preferred Qualifications: Masters degree preferred. Experience in a financial and/or administrative role is a plus.
Qualified candidates must be able to effectively communicate with all levels of the organization.
NYU School of Medicine provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.
NYU School of Medicine is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sex, sexual orientation, transgender status, gender dysphoria, national origin, age, religion, disability, military and veteran status, marital or parental status, citizenship status, genetic information or any other factor which cannot lawfully be used as a basis for an employment decision. We require applications to be completed online. If you wish to view NYU School of Medicine's EEO policies, please click here. Please click here to view the Federal 'EEO is the law' poster or visit https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm for more information. To view the Pay Transparency Notice, please click here.
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Internal Number: 64694950
About NYU Langone Health
NYU Langone Health is a world-class, patient-centered, integrated academic medical center, known for its excellence in clinical care, research, and education. Included in the 200+ locations throughout the New York area are five inpatient locations: Tisch Hospital, its flagship acute-care facility; Rusk Rehabilitation, ranked as one of the top 10 rehabilitation programs in the country; NYU Langone Orthopedic Hospital, a dedicated inpatient orthopedic hospital with all musculoskeletal specialties ranked top 10 in the country; Hassenfeld Children's Hospital at NYU Langone, a comprehensive pediatric hospital supporting a full array of children's health services; and NYU Langone Hospital—Brooklyn, a full-service teaching hospital and level 1 trauma center located in Sunset Park, Brooklyn. Also part of NYU Langone Health is the Laura and Isaac Perlmutter Cancer Center, a National Cancer Institute–designated cancer center, and NYU School of Medicine, which since 1841 has trained thousands of physicians and scientists who have helped to shape the course of medical history.