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Operations Financial Analyst

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Business, Operations & Strategy
  • Durham

AI generated summary

  • You need a Bachelor's in Accounting, Finance, or related field; CPA preferred. Three years in financial management or cost accounting, or equivalent education/experience combination.
  • You will analyze budgets, create financial reports, manage risk, reconcile tuition revenue, and support strategic planning while liaising with stakeholders and providing data insights.

Requirements

  • Education
  • Work requires a Bachelor's degree in Accounting, Finance, Economics, Business Administration or a related field.
  • CPA is desirable.
  • Experience
  • Work requires three years experience in financial management, cost accounting or a field directly related to specialized area of assignment.
  • Or An Equivalent Combination Of Relevant Education And/Or Experience.

Responsibilities

  • Prepares regular reports on performance of School against budget, updates the Finance Director as to financial status, and highlights areas of concern as applicable.
  • Identifies areas of short and long-term financial risk, develops and proposes recommendations to mitigate, and implements or assists with the implementation (based upon the issue) of the solution.
  • Creates, models, and proposes financing strategies to improve financial performance of the School.
  • Provide financial reconciliation and analytical reporting, as required, for tuition revenue, as it relates to actual and projected enrollment reports.
  • Prepares and distributes monthly reports for Finance Director and other School leaders that accurately report actual and projected financial results.
  • Seek feedback from report users and incorporate as is reasonable and efficient suggested improvements to maximize report usefulness to end-user.
  • Manages and is responsible for the oversight of the School’s budgets (including but not limited to: reserves; discretionary funds, allocated funds, revenue funds, endowments) being favorable to their annual budgets.
  • Directly responsible for managing within budget and makes recommendations for expenditures.
  • Proposes improvements to reduce spending.
  • Participant in the preparation and post-approval implementation of the SON budget and related processes.
  • Participate in the process for the submission, data entry, consolidation and review of budget requests from appropriate individuals.
  • Participants in preparing recommendations for adjustments to the annual budget to ensure short and long-term financial needs are met.
  • Participants in preparing budget in coordination with management center and university deadlines.
  • Participants in preparing annual tuition market analysis and related graphs.
  • Participants in the preparation of personnel-related budget items (including effort distribution) with the Finance Director.
  • Maintains records showing chronological audit trail of budget development decision-making and communication.
  • Processes journal vouchers for the business office as needed by internal and external Duke departments.
  • Provide statistical and financial data regarding the School of Nursing to senior management, outside agencies and executive management across the University.
  • Serves a FAM validator of general school funds.
  • Participate in strategic planning by analyzing program plans on short and long-term basis and developing budget projections, financial models and forecasts, projecting possible levels of support from multiple sources of funding.
  • Act as departmental liaison with administrative and professional personnel concerning University policies and procedures and budgetary preparation and control; provide information and resolve problems concerning variances from budget; represents the Vice Dean, Finance and Administration in meetings and conferences and other instances of a business or data coordination nature.
  • Provide approval for School of Nursing Concur expenses; back up support for Concur.
  • Provides SAP support and training for SON department staff as needed.
  • Prepare ad hoc analysis.

FAQs

What is the primary purpose of the Operations Financial Analyst position?

The primary purpose of the Operations Financial Analyst position is to provide administrative management and coordination of budget and financial functions, including data collection, analysis, reporting, and financial interpretation for the School of Nursing.

Who will the Operations Financial Analyst report to?

The position reports to the Finance Director.

What kind of reports will the Operations Financial Analyst be responsible for preparing?

The Operations Financial Analyst will prepare regular performance reports against the budget, monthly financial reports, and ad hoc analysis as needed.

What qualifications are required for this position?

A Bachelor's degree in Accounting, Finance, Economics, Business Administration, or a related field is required, along with three years of experience in financial management or a related area. A CPA is desirable.

Is experience with specific software required for this role?

Yes, expertise in Adaptive Insights Software and experience in producing financial statements and projections are preferred.

What responsibilities does the Operations Financial Analyst have regarding budget management?

The Operations Financial Analyst is responsible for overseeing the School’s budgets, managing expenditures, recommending improvements to reduce spending, and participating in the budget preparation process.

Will the Operations Financial Analyst have a role in strategic planning?

Yes, the Operations Financial Analyst will participate in strategic planning by analyzing program plans and developing budget projections and financial models.

Does Duke University encourage diversity in its hiring practices?

Yes, Duke University is committed to creating a diverse and inclusive community and strongly encourages applications from individuals of diverse backgrounds.

Is prior experience in educational financial management beneficial for this position?

Yes, experience in educational financial management or a similar setting is beneficial for this role, as it involves managing budgets and financial reports pertinent to the educational environment.

What is the work environment like at Duke University School of Nursing?

The Duke University School of Nursing offers a supportive and inclusive environment focused on excellence in education, research, and practice. The surrounding area, known as the Triangle, also offers a high quality of life with opportunities for work-life balance.

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Duke University is a leading academic institution dedicated to excellence in education, research, and community service. Their ultimate mission is to advance knowledge and develop leaders who can make a positive impact on society. Duke University aims to provide a transformative educational experience, fostering intellectual growth, critical thinking, and ethical leadership. By integrating rigorous academics with a commitment to social responsibility, Duke seeks to contribute to the global community and address pressing challenges through innovation and collaboration.