Financial Analyst

Financial Analyst

US-NJ-

Job :
Type: Regular Full-Time
# of Openings: 1
Category: Finance
Various Locations in, NJ

The Position is responsible for planning and analyzing annual and monthly budget variances, assessing the feasibility of proposed projects, and documenting fiscal terms associated with Memorandums of Understanding (MOUs) and other agreements. This role also includes tracking state appropriations and drafting budget summaries.

Salary Range $83,200-$88,440

Duties and Responsibilities

• Assist Accounting & Finance with annual fiscal plan preparation and management financial reporting
• Create/improve financial forecasting and reporting models to support management decision-making
• Help prepare Cash flow analyses and interest income projections
• Provide trend analysis of spending on various loan and grant products
• Assist in identifying risks and opportunities associated with EDA funded spend and revenue.
• Identify opportunities for process improvements and communicate improvements to NJEDA management
• Support management in the development of the annual NJEDA state and federal budget request
• Work with Accounting and other stakeholders on the integration of a new general ledger system
• Monitor and track the spending of federal appropriations and prepare reports as needed
• Help develop product administrative budgets, tracking resources/expenses, and reporting on available balances
• Create and maintain crosswalks of NJEDA Board approved products and state/federal fund sources
• Help develop product administrative budgets, tracking resources/expenses, and reporting on available balances
• Management of financial reporting as it relates to EDA’s state and federal appropriation funded products
• Respond to inquiries and ad hoc requests from program and executive personnel
• Promotes teamwork and communication to encourage an interactive, cooperative, collaborative, and customer-focused work environment among division, EDA staff, and external customers
• The EDA currently operates in a hybrid office/remote environment. Individuals work with their teams and supervisors to agree on operating protocols and expectations. Please note, as with most hybrid office/remote models, there will be times or peak periods that may require a greater proportion of in-office activity to achieve key objectives.
• Must complete annual and semiannual self-assessment, as required
• Perform other duties and work on assigned projects, as required

Required Skills and Abilities

• Must possess a thorough knowledge of financial accounting and financial systems/data
• Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and work independently within limited time constraints with little or no supervision
• Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; foster communications with various business professionals and EDA staff
• Able to interact with other departments to convey and solicit financial information, data, and reporting needs
• Must be able to maintain confidentiality and deal effectively and diplomatically with various business professionals and EDA staff
• Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative, and customer-focused work environment among division, EDA staff, and external customers
• Advanced proficiency in Microsoft Office Suite (especially Excel) and accounting and reporting systems. Must possess the ability to learn and master new software systems and solutions.
• NJEDA utilizes Microsoft as the core application platform and proficiency in the Microsoft Office Suite is preferred.

Desired Qualifications

Education and Experience Requirements

• Bachelor’s degree in accounting or finance. MBA preferred.
• At least seven years in government service or private industry, preferably in a field of budget, finance and/or accounting.
• Familiarity with the State of NJ and federal government appropriation process
• Proficiency with financial modeling and data analytics
• Strong familiarity with federal guidelines for allowable federal costs
• Strong communication and…