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Financial Analyst
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$75k-92k (estimate)
Full Time 4 Days Ago
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Columbia University is Hiring a Financial Analyst Near New York, NY

  • Job Type: Officer of Administration
  • Bargaining Unit:
  • Regular/Temporary: Regular
  • End Date if Temporary:
  • Hours Per Week: 35
  • Standard Work Schedule: M-F 9am-5pm
  • Building:
  • Salary Range: $62,400 - $70,000
The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty, and training. The above hiring range represents the University's good faith and reasonable estimate of the range of possible compensation at the time of posting.

Position Summary

Reporting to the Manager, Finance and Research Administration for the Department of Neurology, the Financial Analyst will support the financial management and research administration services provided to faculty in the department. The position will work with both faculty and administrative staff to ensure the department operates in a fiscally sustainable manner.


Responsibilities

Specific responsibilities include, but are not limited to:

  • Assists PIs in the development, review, submission and renewal of various types of sponsored project proposals from a variety of sponsors, including NIH, private foundations and industry.
  • Ensures all programmatic reporting requirements (quarterly and/or annual progress and financial reports) are completed according to sponsor and institutional requirements and timeframes.
  • For awarded proposals, liaises with Sponsored Projects Administration (SPA) office to ensure timely setup of award, pre-award compliance requirements are met, and all sub-awards are established.
  • Assigns and reconciles expense allocations (payroll and non-payroll) to funding sources with adherence to pertinent regulations, policies and procedures that govern the nature of funds.
  • Performs budget vs. actual reconciliation of sponsored and non-sponsored funding sources and salary allocations of faculty and staff on both project year and fiscal year basis.
  • Maintains funding overviews/forecasts for faculty in assigned divisions and meets with faculty to review on a regular basis.
  • Stays abreast of regulations, policies, and guidelines related to conduct of research; Analyzes specific issues, budget requests, and policy changes to provide feedback and recommendations to principal investigators.
  • Supports annual budgeting process and quarterly reforecasts through data entry into budget tool
  • Completes routine internal reporting requirements required for sponsored projects (i.e. effort reporting, PI attestations, etc) and participates in regulatory audits and inspections.
  • Other projects as assigned.

Minimum Qualifications

  • Requires a bachelor's degree or equivalent in education and experience, 0-2 years of experience.

Preferred Qualifications

  • 0-2 years of experience in a non-profit environment with direct experience in grants and financial management.

Other Requirements

This is a high-pressure position as there are many internal and external deadlines. Requires a bright, competent and organized individual that is self-motivated, reliable, conscientious, and able to solve analytical problems, as well as plan independently. Must be able to work with all levels of staff. Position requires establishing and maintaining relationships within and across departments, as well as servicing the grant and accounting needs of Principal Investigators.

The ideal candidate will possess excellent verbal and written communication skills. Proficient or Advanced Proficiency in creating and using MS Excel spreadsheets. Highly skilled in MS Word. Ability to meet deadlines and maintain required confidentiality. Knowledge of government and foundational granting requirements, grants administration and PeopleSoft financials required.


Equal Opportunity Employer / Disability / Veteran

Columbia University is committed to the hiring of qualified local residents.

Job Summary

JOB TYPE

Full Time

SALARY

$75k-92k (estimate)

POST DATE

04/23/2024

EXPIRATION DATE

05/08/2024

The following is the career advancement route for Financial Analyst positions, which can be used as a reference in future career path planning. As a Financial Analyst, it can be promoted into senior positions as a Financial Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Financial Analyst. You can explore the career advancement for a Financial Analyst below and select your interested title to get hiring information.

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If you are interested in becoming a Financial Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Financial Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Financial Analyst job description and responsibilities

Broadly speaking, a financial analyst works with financial data to help organizations make business decisions.

02/23/2022: Mcallen, TX

Build financial models to perform financial forecasts, predict business scenarios, and provide other data analysis to help make business decisions.

02/10/2022: Newark, NJ

Every financial analyst’s job will hold different responsibilities depending on their specialty and where they work.

12/27/2021: Dallas, TX

They often develop and execute complex methodologies that enable them to generate useful pointers from the financial data and problem statements that their clients provide.

12/11/2021: Manchester, NH

Financial analysts who have little to no professional experience are responsible for gathering data, financial modeling and creating or maintaining spreadsheets.

01/12/2022: Laramie, WY

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Financial Analyst jobs

To become a senior or junior level financial analyst, one may be required to earn a Master’s of Business Administration.

12/07/2021: Baltimore, MD

Obtaining a finance degree (bachelor’s or MBA) and working towards becoming a financial analyst requires the development of skills, expertise, and specific abilities.

03/03/2022: Omaha, NE

To be a financial analyst, one should be good with numbers, comfortable presenting research, analytical, and have great ability to research large amounts of data and pay attention to small details.

12/27/2021: Youngstown, OH

Earning a finance degree and taking the steps to become a financial analyst requires specific abilities and the development of specialized skills.

12/11/2021: Burlington, VT

With relevant work experience and appropriate training, finance students can become equipped to pursue the path of becoming a financial analyst.

03/06/2022: Burlington, VT

Step 3: View the best colleges and universities for Financial Analyst.

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