Financial Administrator

Weill Cornell Medical College • New York, NY

13d • Onsite

About The Position

Under guidance, the Financial Administrator is responsible for managing the financial affairs of the department.

Requirements

• Bachelor's Degree
• Approximately 7 years of progressively responsible experience in financial management, preferably in an academic healthcare or research setting or 5 years’ experience, plus advanced degree in the finance field.
• Demonstrated experience with budget and strategic financial planning.
• Demonstrated experience with enterprise financial systems, database management and spreadsheet applications.

Responsibilities

• Oversees and/or approves procurement and disbursement/reimbursement activities.
• Ensures proper internal controls are in place around financial transactions.
• Resolves any financial issues as needed.
• Implements financial policies, guidelines and operating procedures to ensure the continued fiscal integrity of the department.
• Establishes operational benchmarks, metrics and productivity standards to streamline workflows and and identify improvement opportunities.
• Ensures compliance with regulatory audits/inspections and/or internal reviews.
• Develops and recommends corrective action plans to address deficiencies identified.
• May serve as liaison to audit team(s) during on-site visits.
• Creates and maintains operating budgets.
• Prepares the annual budget submission and projections.
• Coordinates activities for the process of budgetary analysis and development.
• Assists with the development of business plans.
• Monitors financial outcomes of approved business plans and makes recommendations for business plan revision to align income and expenses.
• Prepares financial documents in support of recommendations.
• Prepares and interprets revenue and cost analyses of programs and activities.
• Reviews and analyzes accounting and management reports to monitor variances from approved budget.
• Escalates review of unfavorable variances and recommends solutions.
• Implements and follows up on corrective action plans.
• Reports on and analyzes equipment inventory, lease agreements and proposals, and space utilization.
• As needed, processes financial transactions; serves as primary approver for payment requisitions, Shopping Cart approvals, change of funding, travel and business expenses, fund number creation, journal vouchers and PCard allocations.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees