Financial Analyst I
About The Position
The Financial Analyst supports the organization’s financial management of government contracts and grants by providing analysis, reporting, and compliance oversight. This role is responsible for budgeting, monitoring actual expenditures, client and provider payments, travel expenses, property inventory control, and budget modifications. The position ensures funds are used in accordance with grant requirements, regulatory standards, and organizational policies. The Financial Analyst partners with program and finance leadership to support sound financial decision-making and effective stewardship of nonprofit resources.
Responsibilities
- Support the annual budget development process and prepare monthly performance budgets, including uploads into the Financial Edge (Blackbaud) accounting system.
- Develop grant cost projections and performance metrics; monitor actual expenditures against budgets and analyze variances.
- Prepare and distribute financial performance and grant status reports; collaborate with program and finance leadership to identify trends and recommend corrective actions.
- Review and approve grant expenditure coding to ensure accuracy, consistency, and compliance with GAAP, grant agreements, and Statements of Work.
- Review grant disbursement and reimbursement requests to ensure costs are allowable, allocable, reasonable, and properly supported.
- Prepare and process budget revisions, grant amendments, and contract extensions as needed.
- Maintain and reconcile capital asset records, including capitalization, depreciation, and disposition entries.
- Maintain annual Capital equipment reporting, annual property tax & tax abatement submissions.
- Monitor daily grant cash requirements, manage banking transactions and transfers, and perform monthly bank reconciliations.
- Prepare and maintain the monthly General Ledger (GL) schedule to ensure accurate and timely financial reporting.
- Maintain outside agency reporting requirement: census, semi-annual, bi-annual grant requirements; periodic grant cost and statistical reporting.
- Coordinate cost-effective travel arrangements and ensure compliance with applicable federal and grant-specific travel regulations; prepare related analysis and reports.
- Ensure compliance with Federal (2 CFR 200), State, and County regulations governing nonprofit accounting and allowable costs.
- Conduct financial forecasting and project cost analysis related to expenditures, labor hours (FTEs), service units, and program performance.
- Help maintain and update financial policies, procedures, and documentation to reflect current regulations and best practices.
- Maintain expertise in systems used by the department, including but not limited to Financial Edge (BlackBaud), mileage reimbursement software, HR information systems, etc.
- Maintain advanced knowledge & aptitude in Word, Excel, & Data Base programs.
- Support the Finance Department through cross-training and assistance with Accounts Payable, Accounts Receivable, audits, journal entries, payroll support, and other finance functions as needed.
- Perform other accounting-related work as assigned.
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What This Job Offers
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
101-250 employees
