Program Finance Analyst

RWJF•Princeton, NJ

2d•$79,500 - $87,450•Hybrid

About The Position

The Robert Wood Johnson Foundation (RWJF) is seeking a Program Finance Analyst (PFA) to manage the financial aspects of a portfolio of grants and contracts within its program areas. The PFA will advise program staff and grantees on optimal award structures, assess the financial health of funded organizations, review and negotiate award budgets, and prepare data analysis. This role requires expertise in grantmaking and contracting policies, strong communication and critical thinking skills, and a commitment to equity and the Foundation's mission. The PFA reports to the manager, Program Finance.

Requirements

Commitment to racial and health equity and to the Foundation’s vision, values, and Guiding Principles.
Minimum of three (3) years of directly related experience in the duties and responsibilities specified.
Demonstrated analytical and critical thinking skills, including knowledge of accounting, budgeting, and financial analysis.
Strong skills and proficiency in using computer software programs, including Excel, Word, Outlook, and PowerPoint.
Fluency in Excel at an intermediate or higher level is expected.
Ability to translate data into meaningful written summaries, tables, and graphs that can then be used to communicate to management.
Ability to interact with and provide sound financial advice to staff at all levels and ranks.
Must be able to communicate effectively in writing and orally.
Ability to work independently, as well as in a team-based, highly collaborative environment.
Must be a creative thinker, a self-starter, and take initiative.
Strong planning, organization, and time management skills.
Ability to adhere to deadlines.
Strong customer service orientation and interpersonal skills.
Detail oriented but also able to focus on the big picture and identify risks and trends effectively.
Participates in process improvement efforts; makes recommendations and implements solutions to streamline and improve processes.
Ability to examine and reengineer, as well as develop and implement new strategies and procedures.
Understands the importance of a strong “control environment” regarding policies, procedures, and documentation.
Commitment to financial stewardship.
Able to be an independent financial agent in negotiation and assessment of budgets and expenditure tracking.
Combination of education and/or experience equivalent to a bachelor’s degree in a business-related field.

Nice To Haves

Eight (8) years of financial experience in a foundation or nonprofit organization with experience in Grant Management systems.
Twelve (12) years of financial experience in a foundation or nonprofit organization with experience in Grant Management systems.

Responsibilities

Manages the financial aspects of a portfolio of grants and contracts (i.e., awards) and strategic programs within one or more of the Foundation’s program areas.
Advises program staff and grantees or contractors on the most optimal award structure to achieve desired goals.
Conducts assessments on the financial health of funded organizations.
Reviews and negotiates award budgets and ensures their alignment with the scope of the award.
Prepares data analysis, manages activity against portfolio budget targets, and monitors the financial performance of active awards and programs.
Confirms all finance-related information for calls/requests for proposals (CFPs/RFPs).
Prepares and participates in applicant webinars, answering all budget questions.
Fields questions from applicants and provides responses.
Reviews award budgets and related proposals for assigned program areas to assess sufficiency and reasonableness of the funds requested and adherence with Foundation policy and makes recommendations to program staff and grantees.
For contracts, ensures that contract terms and payment schedules align with the scope of work, and addresses the interests of both parties.
Negotiates contract rates and other financial terms.
Performs a comprehensive financial health assessment of the award recipient organization, including an examination of financial statements, tax forms, audits, and other data to evaluate the recipient’s financial capacity to manage the award effectively.
Provides written documentation to management.
Corresponds with the grantee or contractor to better understand their operations and resource needs prior to making a recommendation.
Applies critical thinking skills in identifying awards in development that may require a higher degree of care and raises awareness with management.
Performs financial monitoring of active awards, projects, and gatherings to ensure that funds are being utilized within Foundation guidelines.
Manages award payment transactions and cash forecasts for individual awards and programs.
Forecasts and maintains financial information for awards and authorizations and budget planning for assigned program areas.
Analyzes, verifies, and maintains program area budgets and updates budget projections to ensure accuracy.
Makes recommendations on size, timing, and other attributes of awards to support meeting budget targets.
Translates data into meaningful summaries, charts, and tables that can then be used in communications with staff.
Advises assigned program area directors or officers about the potential impact of pending decisions on the budget.
Is primary point of contact to grantees and contractors on financial policies, systems, and instructions for structuring awards and negotiating budgets.
Coordinates the onboarding of new program staff on program financial matters.
Provides ongoing financial guidance to grantees, contractors, and program staff on Foundation financial policies, procedures, and systems.
Seeks and participates in opportunities for self-learning to maintain and enhance financial expertise.
Actively seeks ways to improve grant and contract management processes, streamline workflows, and enhance efficiency.
Participates in and occasionally leads intra-department or cross-functional workgroups that are formed to update policies, procedures, or processes, implement new systems, or solve operational problems.
Provides project and other backup support to peers.
Attends staff development meetings, retreats, and training on nonfinancial matters to foster relationships and advance knowledge of the Foundation's strategies, values, and goals.
Other duties as assigned.