Analyst, Financial I
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University of Massachusetts Medical School
Worcester, MA, US
Summary
The Financial Analyst I is responsible for monitoring department budgets, processing expenditures, and ensuring compliance with financial guidelines. They also oversee payroll processing, maintain personnel records, and provide administrative support to the Business Manager.
Job Description
Overview
GENERAL SUMMARY OF POSITION:
Under the direction of theDirector or designee, the Financial Analyst I performs complex and varied financial and administrative functions, which require a high degree of independent action and the setting of priorities and procedures for accomplishing tasks. This position is responsible for the overall maintenance and processing of expenditure records and monitoring of the expense budget.
Responsibilities
MAJOR RESPONSIBILITIES:
- Ensure proper approvals processing
- Control expenditures according to department guidelines
- In consultation with department director, prepare and monitor department budget
- Identify budget and expenditure variances, researches, and resolves problems
- Ensure that accounts are not over committed or overspent and that budgetary guidelines are followed
- Oversee all PA and payroll processing, maintains personnel files, and confidential reports
- Advise department personnel on Human Resources policies and procedures
- Review the monthly status of financial accounts and transaction printouts for accuracy; identify discrepancies, and researches possible solutions
- Maintain complex records and prepare periodic financial reconciliations from department records to monthly automated accounting system reports; PeopleSoft, other mainframe, or client server financial systems
- Maintain accurate records and documentation of all department transactions
- Provide clerical support to the Business Manager and maintain confidential reports and department personnel files
- Considerable investigation and initiative, requiring judgment and discretion
- Independently initiate improvement to current operating procedures
- Serve as a resource to others on technical, professional, or policy issues
- Prepare and process payroll and personnel documents for appointments, promotions, and termination
- Schedule and arrange meetings
- Perform other job related duties as required or assigned.
Qualifications
REQUIRED QUALIFICATIONS:
- Bachelor’s degree in Business Administration, Accounting, Finance, or equivalent
- 1 year in budgeting, accounting, administration, or related experience
- Ability to design and program spreadsheets, databases, or custom reports
- PeopleSoft experience a plus
- Demonstrated ability to analyze and interpret complex financial documents such as system reports
- Proficiency with Microsoft Office or similar software
- Excellent interpersonal, verbal and writing skills needed to present or communicate effectively with all levels of management
- Must possess strong organizational skills, the ability to establish priorities, and resolve problems independently
Additional Information
#LI-KR1
ForHealth Consulting partners with purposeful organizations, including state Medicaid agencies and health and human services organizations, to make the healthcare experience better for all – more equitable, effective, and accessible. We know that to do this, we need to address every aspect of the system – how we pay for it, how we manage information, and how we deliver quality care to everyone. As part of UMass Chan Medical School, we leverage world-class expertise to create transformational solutions across the health and human services system. ForHealth Consulting believes in the power of collaboration and a shared purpose – together, we can make healthcare better.
Company size
501-1,000 employees
Industry
Education
Org type
Nonprofit
Headquarters
Westborough, Massachusetts
ForHealth Consulting partners with purposeful organizations, including state Medicaid agencies and health and human services organizations, to make the healthcare experience better for all – more equitable, effective, and accessible. We know that to do this, we need to address every aspect of the system – how we pay for it, how we manage information, and how we deliver quality care to everyone. As part of UMass Chan Medical School, we leverage world-class expertise to create transformational solutions across the health and human services system. ForHealth Consulting believes in the power of collaboration and a shared purpose – together, we can make healthcare better.
Company size
501-1,000 employees
Industry
Education
Org type
Nonprofit
Headquarters
Westborough, Massachusetts