Financial Analyst II - Full Time; 5805-301-A

Catholic Charities Brooklyn and Queens•New York, NY

1d•$84,533•Hybrid

About The Position

The Financial Analyst II will perform routine- to moderately complex clerical and technical accounting functions in the maintenance of accounting and internal control systems. The Financial Analyst II will report to the Vice President of Programs. The Financial Analyst II will analyze the financial status of programs and will investigate variances between budget and actual expenditures and projected and actual revenues. The Financial Analyst II will also work with the VP office staff and field staff to ensure that expenditures are allowable; that documentation is obtained timely and labor distribution is appropriate. As necessary, the Financial Analyst II will work with other members of the Management team and finance team to ensure that checks and POs are processed, denials are investigated, and resubmitted and maximum reimbursement is obtained in a timely manner. Coordinating budgets, completing Program Information Reporting data (PIR) liaising with programs and centrally located support departments (e.g., Financial Services, Human Resources, Acct. Payable, etc.). The Financial Analyst II position will provide financial analysis for program budgets. This includes developing and monitoring budgets and contracts; analyzing and interpreting data; understanding program and project revenue and spending fluctuations; working with program staff to evaluate financial results and determine necessary actions to address variances; and preparing submit monthly reports to staff and various stakeholders (Vice President). Works closely with Team to ensure fiscal and contractual compliance (i.e., line of service is always “audit ready” and “review ready”. Create, prepare and analyze financial data for programs; provide key information to program staff and senior management in ways that meet their needs, to drive business decisions, identify issues and opportunities for continuous quality improvement. Develop monthly P&L forecast – validate and analyze weekly, monthly and quarterly results and identify any necessary action steps in response to key variances. Handle monthly and quarterly financial reporting, including variance analysis, and budgeting and forecasting. Update financial data and forecasts to reflect contract changes including rates paid, timeliness of payment and other pertinent information and modifications relevant to the forecast. Present reconciliation data and bad debt analysis semi-annually and update projections to reflect the changes. Discuss with the program leadership staff the basis for the reconciliations and identify actions that would ameliorate occurrences in the future. Collaborates with Management team to obtain required information for funding sources, agency, and other external entities. Prepare, track, and analyze program budgets, prepare financial projections and cash flow analysis for various contracts. Clearly identify underlying assumptions of projections to facilitate program leadership understanding of program P&L projections and variables of potential impact in achieving projections. Partner with program staff to identify strategies that could lower costs, shift services that are losing money to break even and exceed costs. Performs other duties as assigned.

Requirements

Bachelor’s Degree in Accounting, Finance, or Business Management
6+ years’ experience in financial analysis, accounting, budgeting and resource allocation.
Knowledge of Systems - MIP, NetSuite, Ceridian and Anasazi
Must be able to occasionally lift and/or move up to 25 pounds.
Able to Access Files from Floor Level to 8 feet high, using Ladder
Able to travel to multiple locations within the five boroughs as needed.

Nice To Haves

Bilingual Spanish/English; Russian/English; Chinese/English; Korean/English; English/Creole speaking preferred.

Responsibilities

Perform routine- to moderately complex clerical and technical accounting functions in the maintenance of accounting and internal control systems.
Analyze the financial status of programs and investigate variances between budget and actual expenditures and projected and actual revenues.
Work with VP office staff and field staff to ensure that expenditures are allowable, documentation is obtained timely, and labor distribution is appropriate.
Work with other members of the Management team and finance team to ensure that checks and POs are processed, denials are investigated, and resubmitted and maximum reimbursement is obtained in a timely manner.
Coordinate budgets and complete Program Information Reporting data (PIR).
Liaise with programs and centrally located support departments (e.g., Financial Services, Human Resources, Acct. Payable, etc.).
Provide financial analysis for program budgets, including developing and monitoring budgets and contracts.
Analyze and interpret data, understanding program and project revenue and spending fluctuations.
Work with program staff to evaluate financial results and determine necessary actions to address variances.
Prepare and submit monthly reports to staff and various stakeholders (Vice President).
Ensure fiscal and contractual compliance.
Create, prepare and analyze financial data for programs; provide key information to program staff and senior management to drive business decisions, identify issues and opportunities for continuous quality improvement.
Develop monthly P&L forecast – validate and analyze weekly, monthly and quarterly results and identify any necessary action steps in response to key variances.
Handle monthly and quarterly financial reporting, including variance analysis, and budgeting and forecasting.
Update financial data and forecasts to reflect contract changes including rates paid, timeliness of payment and other pertinent information and modifications relevant to the forecast.
Present reconciliation data and bad debt analysis semi-annually and update projections to reflect the changes.
Discuss with the program leadership staff the basis for the reconciliations and identify actions that would ameliorate occurrences in the future.
Collaborate with Management team to obtain required information for funding sources, agency, and other external entities.
Prepare, track, and analyze program budgets.
Prepare financial projections and cash flow analysis for various contracts.
Clearly identify underlying assumptions of projections to facilitate program leadership understanding of program P&L projections and variables of potential impact in achieving projections.
Partner with program staff to identify strategies that could lower costs, shift services that are losing money to break even and exceed costs.
Perform other duties as assigned.