176 Financial Analyst Jobs in Washington, DC
Cordia Resources by Cherry Bekaert is Hiring a Financial Analyst Near Washington, DC
Title: Financial Analyst
Location: Hybrid - Washington, DC
Hourly Rate: $35.00/hour
Job Type: Contract (10-12 months)
The focus should be on budget/actual analysis and administrative duties, such as processing procurement actions and invoices. The job duties asked for an understanding of general ledger work.
Responsibilities:
- Assists in the preparation of the annual budget by tracking and providing historical information on prior years; researching questions related to past or anticipated spending; compiling budget submissions; seeking underlying documentation; reviewing submissions for completeness; and making revisions as requested.
- Maintains the approved budgets in the budget system, Anaplan, and continually monitors status of funds.
- Keeps management informed when the use of funds deviates significantly from the spending plan (such as a major change in operating strategy, exhibited by planned expenditures; or major movements between class/object codes).
- Alerts senior management if any specific actions are necessary.
- Receives vendor invoices (directly, from administrative support staff, or Office of Finance staff) and ensures timely approval for payment.
- Prepares each payment request (or reviews payment requests prepared by others), ensuring complete, accurate and timely documentation of expenses; approvals; accounting codes; purchase order references, if appropriate; and submission to accounts payable.
- Reviews periodic financial reports to ensure that expenses are properly classified.
- Initiates reclassifications as necessary to ensure high data quality, and takes steps to reduce the number of reclassifications.
- Serves as the central point of contact for updating, tracking, reducing, and reallocating funds, including initiating budget transfers; de-obligating funds throughout the year, and reviews open obligations for continuing need before the end of the fiscal year.
- Initiates purchase requisitions requested by staff (or reviews requisitions prepared by others) and verifies funds availability.
- Assists with the development of statements of work and procurement strategies.
- Maintains appropriate data in the procurement system.
- Serves as the troubleshooter on vendor complaints; tracks timely payment of bills, and identifies procedural breakdowns and develops solutions.
Job Summary
Full Time
$86k-106k (estimate)
04/17/2024
06/15/2024
The job skills required for Financial Analyst include Accounting, General Ledger, etc. Having related job skills and expertise will give you an advantage when applying to be a Financial Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Financial Analyst. Select any job title you are interested in and start to search job requirements.
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.
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.
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Build financial models to perform financial forecasts, predict business scenarios, and provide other data analysis to help make business decisions.
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Every financial analyst’s job will hold different responsibilities depending on their specialty and where they work.
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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.
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Financial analysts who have little to no professional experience are responsible for gathering data, financial modeling and creating or maintaining spreadsheets.
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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.
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Obtaining a finance degree (bachelor’s or MBA) and working towards becoming a financial analyst requires the development of skills, expertise, and specific abilities.
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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.
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Earning a finance degree and taking the steps to become a financial analyst requires specific abilities and the development of specialized skills.
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With relevant work experience and appropriate training, finance students can become equipped to pursue the path of becoming a financial analyst.
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Step 3: View the best colleges and universities for Financial Analyst.
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