Senior Financial Analyst - Sponsored Projects Accounting

Mount Sinai Health System•New York, NY

About The Position

The Sponsor Project Senior Financial Analyst is responsible for ensuring all expenditures charged to grants and contracts comply with the Government and institutional policies, regulations and the terms and conditions of the award. The Senior Financial Analyst must ensure the expenses are allowable, reasonable, allocable to the project and properly approved according to the Sponsor’s and School’s policies and procedures.

Requirements

Bachelors degree in Accounting or an equivalent combination of education and experience
5+ years of experience in Finance or a related field

Responsibilities

Monitors monthly budget, fund and or/general ledgers for the department or business unit within the School or Hospital; provides variance analysis.
Analyzes the revenue cycle and revenue stream for the business unit and assists in developing feasibility and profitability analysis and/or business plans for new and existing programs, including new faculty recruitment and revenue capture.
Communicates with accounting staff to obtain variance explanations, to alert them to wire transfers and to ensure that revenue and expenses are captured properly.
Prepares regular and ad hoc reports and participates in follow-up discussions with business unit leadership.
May ensure that grants, clinical trials and other revenue and expense driven projects and streams are properly monitored, credited and reports are prepared.
Prepare and submit purchase orders, contracts, change orders, invoices, check requests, petty cash vouchers, travel requests and travel vouchers, fund transfers and HRTS transactions as necessary.
Recommend and implement approved changes for efficiencies, documenting those procedures.
May mentor, train or oversee more junior staff.
May input and review faculty/staff payroll and maintain appropriate records.
May review Time and Effort reports for faculty and staff, prepare accruals and recharges for upload monthly general ledger updates.
Liaison to external medical organizations such as UHC, AAMC, MGMA for faculty productivity benchmarking
Develop financial reports and distribute to Dept. Chair, Chiefs and administrators with aim to improve inefficiency and profitability, Accountable for those metrics
Performs other related duties