PCORI
Budget & Financial Reporting Analyst
PCORI, Washington, District of Columbia, us, 20022
Budget & Financial Reporting Analyst
Post Date:
7/15/2024Job Location:
1333 New Hampshire Avenue, NW, Washington, District of ColumbiaAbout Us
The Patient-Centered Outcomes Research Institute (PCORI) is an independent nonprofit organization authorized by Congress in 2010. Its mission is to fund research that will provide patients, their caregivers and clinicians with the evidence-based information needed to make better-informed healthcare decisions. PCORI is committed to continually seeking input from a broad range of stakeholders to guide its work.Position Summary
The Budget & Financial Reporting Analyst position will report to the Associate Director, Budget, Reporting and Treasury to support all budget and financial reporting activities, which includes but is not limited to the following: budget development and monitoring; budget to actual variance analysis; regular budget management reports and meetings; and supporting budget owners and managers throughout the year with budget and reporting needs. The incumbent will also be responsible for providing financial reports to external stakeholders including but not limited to: financial statements, cash and fund balances, actual funds committed and outstanding award obligations. This position will also be key to facilitating active budget management and will review procurement transactions to confirm the availability of funding, ensure the transaction is compliant with current policies and procedures, and be a point of contact for budget reallocation activities. The Budget & Reporting Financial Analyst will also support treasury activities including cashflow forecasting and other duties as assigned.Duties and Responsibilities
Budget Development & Management
Support the annual budget process.Assist with staff training for budget kick-off meetings and learning and comprehension on budget tools.Collaborate with internal budget owners to substantiate budget requests and to achieve reasonable budget variance within target budget variance threshold.Interpret and translate department/division/business unit goals into financial data.Review operational budgets for trends and performance.Analyze and prepare budget reports for management review and approval.Provide expertise and technical assistance to budget managers and budget owners.Monitor budget planning and expenditure management indicators on a monthly basis, highlighting trends and analyzing causes of variances.Prepare and analyze monthly budget vs actual performance by department/division/business unit, with robust variance explanations and year-end projections.As part of month-end close, review and validate financial transactions for budget coding accuracy, completeness, and compliance with policies and procedures as part of active budget management.Assist with developing mid-year projections.Financial Planning & Reporting
Assist with financial modeling, cash flow projections, and commitment plan award payments projections.Prepare the following quarterly briefs and PowerPoint slides for external stakeholders: cash and fund balances, statement of activities, statements of financial position, budget vs actual performance, actual funds committed, and outstanding award obligations.Prepare monthly reports for management on (1) actual funds committed to date under PCORI's funding commitment plan, (2) fund and cash balances and (3) outstanding award obligations.Update multi-year cash flow projection.Monitor daily cash position.Assist senior management with estimating funds available for new award commitments.Other duties as assigned, including cross-training to support Finance team members in various functional areas.Incumbent(s) in this position may be required to perform other duties and special assignments not specifically stated above.Statements outlined in this section are designated as essential job functions in accordance with the Americans with Disabilities Act of 1990.Required Skills
Strong financial planning and analysis skills:Demonstrated experience with processing and analyzing large volumes of quantitative data.Strong familiarity with budgeting process, best practices, and methodologies such as Top Down, Bottom Up, Zero Based Budgeting, Incremental Budgeting, Activity Based Budgeting, etc.Advanced MS Office Suite (Word, Excel, and PowerPoint) skills:Strong ability to create reports and analyze data by using pivot tables and VLOOKUP function in MS Excel.Ability to add charts and graphs to PowerPoint presentations.Intermediate knowledge of financial statements and fundamental accounting standards.High level of accuracy and attention to detail.Excellent analytical abilities:Mathematical reasoning - ability to select the correct mathematical methods or formulas.Ability to use logic and reasoning to identify solutions, conclusions, or approaches to problems.Ability to think creatively.Internal motivation to seek out answers, generate ideas, improve processes and develop new skills.Ability to work independently and effectively, with frequent pivots; being careful and thorough in completing tasks.Oral and written comprehension - ability to listen, convey, present financial information to stakeholders.Other duties as assigned to facilitate smooth and efficient operations within Finance & Administration Division.Desirable Skill: Experience with Sage Intacct and Workday Adaptive Planning applications or similar general ledger and budgeting applications.Required Experience
Minimum of a Bachelor's degree, ideally with a concentration in Finance, Economics, or Accounting.Experience in corporate accounting and non-profit environment preferred.5 or more years of experience in financial planning, reporting and analysis.Physical Requirements
Hybrid work environment: working two (2) days per week in the Washington, D.C. office.Work performed at a workstation.Travel requirements: none.Compensation and Benefits
Salary Range: $74,542 - $93,178The above range represents the salary range expected for the position; however, final offers are based on several factors such as the position's responsibilities; the candidate's experience, education, and skills; location; travel required; and current market conditions.Subject to the terms and conditions of the applicable plans then in effect, eligible employees may participate in PCORI-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents.Conflict of Interest:PCORI wants to ensure that prospective employees are aware of its conflict-of-interest policies so that employment deliberations take into consideration this aspect of PCORI employment. PCORI requires all PCORI employees to disclose upon commencement of their employment and on an annual basis all individual and close relatives financial, business, and personal association with the potential to bias or that have the appearance of biasing one's decisions relating to PCORI.For more information please visit
PCORI-Conflict-of-Interest-Policies-Outside-Employment-Policy.pdfPCORI conducts background checks on all applicants.PCORI recommends all members of the PCORI workforce adhere to the CDC recommendations regarding staying up to date on COVID-19 vaccination.PCORI's Commitment to Diversity, Equity, and Inclusion:PCORI is an equal opportunity employer committed to diversity both internal and external to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or any other basis protected by law.#LI-SU1#LI-HybridTracking Code:
1419-858
#J-18808-Ljbffr
Post Date:
7/15/2024Job Location:
1333 New Hampshire Avenue, NW, Washington, District of ColumbiaAbout Us
The Patient-Centered Outcomes Research Institute (PCORI) is an independent nonprofit organization authorized by Congress in 2010. Its mission is to fund research that will provide patients, their caregivers and clinicians with the evidence-based information needed to make better-informed healthcare decisions. PCORI is committed to continually seeking input from a broad range of stakeholders to guide its work.Position Summary
The Budget & Financial Reporting Analyst position will report to the Associate Director, Budget, Reporting and Treasury to support all budget and financial reporting activities, which includes but is not limited to the following: budget development and monitoring; budget to actual variance analysis; regular budget management reports and meetings; and supporting budget owners and managers throughout the year with budget and reporting needs. The incumbent will also be responsible for providing financial reports to external stakeholders including but not limited to: financial statements, cash and fund balances, actual funds committed and outstanding award obligations. This position will also be key to facilitating active budget management and will review procurement transactions to confirm the availability of funding, ensure the transaction is compliant with current policies and procedures, and be a point of contact for budget reallocation activities. The Budget & Reporting Financial Analyst will also support treasury activities including cashflow forecasting and other duties as assigned.Duties and Responsibilities
Budget Development & Management
Support the annual budget process.Assist with staff training for budget kick-off meetings and learning and comprehension on budget tools.Collaborate with internal budget owners to substantiate budget requests and to achieve reasonable budget variance within target budget variance threshold.Interpret and translate department/division/business unit goals into financial data.Review operational budgets for trends and performance.Analyze and prepare budget reports for management review and approval.Provide expertise and technical assistance to budget managers and budget owners.Monitor budget planning and expenditure management indicators on a monthly basis, highlighting trends and analyzing causes of variances.Prepare and analyze monthly budget vs actual performance by department/division/business unit, with robust variance explanations and year-end projections.As part of month-end close, review and validate financial transactions for budget coding accuracy, completeness, and compliance with policies and procedures as part of active budget management.Assist with developing mid-year projections.Financial Planning & Reporting
Assist with financial modeling, cash flow projections, and commitment plan award payments projections.Prepare the following quarterly briefs and PowerPoint slides for external stakeholders: cash and fund balances, statement of activities, statements of financial position, budget vs actual performance, actual funds committed, and outstanding award obligations.Prepare monthly reports for management on (1) actual funds committed to date under PCORI's funding commitment plan, (2) fund and cash balances and (3) outstanding award obligations.Update multi-year cash flow projection.Monitor daily cash position.Assist senior management with estimating funds available for new award commitments.Other duties as assigned, including cross-training to support Finance team members in various functional areas.Incumbent(s) in this position may be required to perform other duties and special assignments not specifically stated above.Statements outlined in this section are designated as essential job functions in accordance with the Americans with Disabilities Act of 1990.Required Skills
Strong financial planning and analysis skills:Demonstrated experience with processing and analyzing large volumes of quantitative data.Strong familiarity with budgeting process, best practices, and methodologies such as Top Down, Bottom Up, Zero Based Budgeting, Incremental Budgeting, Activity Based Budgeting, etc.Advanced MS Office Suite (Word, Excel, and PowerPoint) skills:Strong ability to create reports and analyze data by using pivot tables and VLOOKUP function in MS Excel.Ability to add charts and graphs to PowerPoint presentations.Intermediate knowledge of financial statements and fundamental accounting standards.High level of accuracy and attention to detail.Excellent analytical abilities:Mathematical reasoning - ability to select the correct mathematical methods or formulas.Ability to use logic and reasoning to identify solutions, conclusions, or approaches to problems.Ability to think creatively.Internal motivation to seek out answers, generate ideas, improve processes and develop new skills.Ability to work independently and effectively, with frequent pivots; being careful and thorough in completing tasks.Oral and written comprehension - ability to listen, convey, present financial information to stakeholders.Other duties as assigned to facilitate smooth and efficient operations within Finance & Administration Division.Desirable Skill: Experience with Sage Intacct and Workday Adaptive Planning applications or similar general ledger and budgeting applications.Required Experience
Minimum of a Bachelor's degree, ideally with a concentration in Finance, Economics, or Accounting.Experience in corporate accounting and non-profit environment preferred.5 or more years of experience in financial planning, reporting and analysis.Physical Requirements
Hybrid work environment: working two (2) days per week in the Washington, D.C. office.Work performed at a workstation.Travel requirements: none.Compensation and Benefits
Salary Range: $74,542 - $93,178The above range represents the salary range expected for the position; however, final offers are based on several factors such as the position's responsibilities; the candidate's experience, education, and skills; location; travel required; and current market conditions.Subject to the terms and conditions of the applicable plans then in effect, eligible employees may participate in PCORI-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents.Conflict of Interest:PCORI wants to ensure that prospective employees are aware of its conflict-of-interest policies so that employment deliberations take into consideration this aspect of PCORI employment. PCORI requires all PCORI employees to disclose upon commencement of their employment and on an annual basis all individual and close relatives financial, business, and personal association with the potential to bias or that have the appearance of biasing one's decisions relating to PCORI.For more information please visit
PCORI-Conflict-of-Interest-Policies-Outside-Employment-Policy.pdfPCORI conducts background checks on all applicants.PCORI recommends all members of the PCORI workforce adhere to the CDC recommendations regarding staying up to date on COVID-19 vaccination.PCORI's Commitment to Diversity, Equity, and Inclusion:PCORI is an equal opportunity employer committed to diversity both internal and external to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or any other basis protected by law.#LI-SU1#LI-HybridTracking Code:
1419-858
#J-18808-Ljbffr