IEEE
Senior Financial Analyst I
IEEE, Piscataway, New Jersey, United States,
IEEE is an EEO/AAP Employer/Protected Veterans/DisabledWe require all applications online; if you require assistance, contact .talent@ieee.orgJob DescriptionJob SummaryThe overall purpose of this position is to provide Finance support for multiple OUs. The individual is responsible for preparing annual budgets and forecasts as well as analyzing financial results, highlighting operational variances, and identifying and resolving issues. He/She interfaces directly with all levels of management and serves as the primary contact to all functions within F&A. Additionally, he/she is responsible for identifying and suggesting opportunities for process improvements to support their client operations and financial reporting.
The role reports to the Senior Manager, Business Finance Solutions, as an individual contributor. He/She is to serve as SME for all financial-related activities. He/She works independently and is required to complete most tasks with minimal supervision. The incumbent will be responsible for training staff in the OUs on financial-related activities and tools used to conduct these activities.
The incumbent will have the ability to collaborate across Treasury, Controllers, and other IEEE OUs as this is essential in the role. The incumbent prepares reports and analysis for Senior Management and some volunteer leadership. Accuracy in that data is paramount to be the stepping-stone to the presentations that the senior director will typically prepare and present from this analyst's work effort.
Key Responsibilities
Support finances for multiple organizational units including budget & forecasting, financial reporting, ad hoc analysis, and all areas of expense and capital items, being the financial SME for the financial projects for the OUs that you are supporting.Reconciles and maintains budget and forecast supporting schedules including categorizing and tracking updates by major line of business, prepaid expenses, OU chargebacks, accruals, and miscellaneous journal entries.Consolidates and analyzes financial trends by operational spend and key budget categories.Interfaces and partners with OUs to support the creation of budgets and forecasts including financial analysis and consultation to management, as needed.Streamlines processes and ensures tools used to develop financials are efficient (Excel spreadsheets, EPM, Oracle), which involves working closely with IEEE Financial Planning & Analysis and OU staff, with the ultimate goal of automating processes to reduce manual work.Oversees and monitors the financials to ensure all policies and procedures are being followed and that actual expenditures are in line with budget and/or forecast; partners with the Accounting team to understand results streams to ensure accuracy.Manages cost centers including coding structure, understanding key accounts and cost center ownership; works to streamline the use of the chart of accounts to increase efficiency; understands the flow of accounting information, especially the algorithms used for chargebacks that impact Infrastructure cost centers including expenses and purchased/reimbursed services to ensure accurate recording of financials, free from inconsistencies and errors.Creates or updates standard operating procedures for OU documentation.Conducts training for staff.Develops and prepares agendas and presentations.QualificationsEducationBachelor's degree or equivalent experience in Business, Finance, Accounting, or related business experience. ReqWork Experience2-4 years Minimum of 2 years of professional experience required. ReqAccounting, budgeting, forecasting, and bookkeeping experience. PrefSkills and RequirementsTechnologically savvy with general ledgers, accounting software, and database applications.Intermediate proficiency in MS Office suite and Visio.Understanding of EPM and Oracle.Ability to communicate to management both verbally and in writing and develop presentation materials.Organization, multitasking, and coordination are key traits to possess for success in this position.Must be able to work in a cross-functional team.Excellent data analytical skills, follow-up, and deliverable-driven are essential in this role.Independent worker who is highly motivated and works successfully in a high-paced environment with multiple priorities.A non-profit organization, IEEE is the world's leading professional association for the advancement of technology.
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The role reports to the Senior Manager, Business Finance Solutions, as an individual contributor. He/She is to serve as SME for all financial-related activities. He/She works independently and is required to complete most tasks with minimal supervision. The incumbent will be responsible for training staff in the OUs on financial-related activities and tools used to conduct these activities.
The incumbent will have the ability to collaborate across Treasury, Controllers, and other IEEE OUs as this is essential in the role. The incumbent prepares reports and analysis for Senior Management and some volunteer leadership. Accuracy in that data is paramount to be the stepping-stone to the presentations that the senior director will typically prepare and present from this analyst's work effort.
Key Responsibilities
Support finances for multiple organizational units including budget & forecasting, financial reporting, ad hoc analysis, and all areas of expense and capital items, being the financial SME for the financial projects for the OUs that you are supporting.Reconciles and maintains budget and forecast supporting schedules including categorizing and tracking updates by major line of business, prepaid expenses, OU chargebacks, accruals, and miscellaneous journal entries.Consolidates and analyzes financial trends by operational spend and key budget categories.Interfaces and partners with OUs to support the creation of budgets and forecasts including financial analysis and consultation to management, as needed.Streamlines processes and ensures tools used to develop financials are efficient (Excel spreadsheets, EPM, Oracle), which involves working closely with IEEE Financial Planning & Analysis and OU staff, with the ultimate goal of automating processes to reduce manual work.Oversees and monitors the financials to ensure all policies and procedures are being followed and that actual expenditures are in line with budget and/or forecast; partners with the Accounting team to understand results streams to ensure accuracy.Manages cost centers including coding structure, understanding key accounts and cost center ownership; works to streamline the use of the chart of accounts to increase efficiency; understands the flow of accounting information, especially the algorithms used for chargebacks that impact Infrastructure cost centers including expenses and purchased/reimbursed services to ensure accurate recording of financials, free from inconsistencies and errors.Creates or updates standard operating procedures for OU documentation.Conducts training for staff.Develops and prepares agendas and presentations.QualificationsEducationBachelor's degree or equivalent experience in Business, Finance, Accounting, or related business experience. ReqWork Experience2-4 years Minimum of 2 years of professional experience required. ReqAccounting, budgeting, forecasting, and bookkeeping experience. PrefSkills and RequirementsTechnologically savvy with general ledgers, accounting software, and database applications.Intermediate proficiency in MS Office suite and Visio.Understanding of EPM and Oracle.Ability to communicate to management both verbally and in writing and develop presentation materials.Organization, multitasking, and coordination are key traits to possess for success in this position.Must be able to work in a cross-functional team.Excellent data analytical skills, follow-up, and deliverable-driven are essential in this role.Independent worker who is highly motivated and works successfully in a high-paced environment with multiple priorities.A non-profit organization, IEEE is the world's leading professional association for the advancement of technology.
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