Financial Analyst

Financial Analyst

The Financial Analyst uses skills as a seasoned, experienced professional with a full understanding of University practices, policies, and procedures; resolves a wide range of fiscal issues in creative and practical ways. The incumbent works on problems of diverse scope where analysis of data requires evaluation of identifiable factors, demonstrates excellent judgment in selecting methods and techniques for obtaining solutions and provides expert recommendations relating to business processes pertaining to recharges, internal and external billing, service agreements, and other financial activities.

Under the direction of the Financial Manager, the position is responsible for complex budgeting, financial and analytical functions for the department's non-sponsored financial activities, including but not limited to core funds, self-supporting activities, conferences, service agreements, and reserves. The incumbent assists the Financial Manager in oversight and transactional management of these fund types, including responsibility for tracking actual staff salary and benefits against budget plans to ensure financial viability; providing regular and ad hoc reports to management; special high-level analytical and forecasting projects; developing plans for the fluctuation of balances. They will be a resource to management in providing information and support on a variety of fiscal topics such as budget and staffing issues, disposition of carry forward balances, overall budget management, agency requirements, and department policy.

Responsible for recharge rate analyses, providing expert recommendations to leadership for the short- and long-range strategic planning of self-supporting activities. Works with recharge managers on high-dollar capital projects. Submits rate recharge proposals to the campus Costing office for approval. Responsible for billing and collection of SDSC's service agreements and recharge activity with UCSD, UC, and external customers. Works with recharge managers to ensure that services are billed on a timely basis. Troubleshoots and addresses operational problems within recharges that impede optimal fiscal functions. Reviews, maintains, monitors and audits the department's agreements and billing records. activity's equipment replacement and differential income accounts.

Determines the correct classification of the agreements within the definitions set forth by the campus to ensure that they are being processed by the appropriate campus office. Draft agreements to be in accordance with department, university, and campus policies, as well as federal, state, and local laws, and in compliance with campus or OCGA requirements, as appropriate. Evaluates and determines the need for any amendments or renewals to existing agreements and interacts with management and outside parties to negotiate the new terms for amendments. Meets with and interacts with PIs and management to help draft, negotiate, and advise on all service agreements.

Responsible for post-audit review of general and subsidiary ledgers, troubleshooting administrative/programmatic and accounting problems, and monitoring expenses to ensure appropriateness and compliance with regulations. Coordinates with School, VC, and other central offices to ensure the appropriate and timely allocation of resources as well as the recovery of expenses according to commitments. Coordinates and approves purchases. Conducts fiscal closing activities, including cost transfers, budget adjustment journals, transfers of funds, etc. Independently performs complex analytical studies, utilizing external and internal data repositories to create high-level reports, summarizing and interpreting data, providing projections and recommended courses of action to management, involving the analysis of historical data, calculation of various expenses such as salaries and benefits, depreciation, as well as the gathering of budgetary projections from divisional managers. Performs equipment management for the department.