SUMMARYThe primary purpose of the financial analyst position is to manage the daily financial operations for the Department of Abdominal Imaging. The financial analyst is responsible for the development, implementation, management and coordination of fiscal processes which support the ongoing operational activity in the department. This position is responsible initiation and monitoring of financial compliance for all funding sources within the department. The Financial Analyst will provide high-level analyses of financial data to provide accurate and timely reconciliation of accounts, identify and analyze account discrepancies and forecast projected balance to the Chair, Department Administrator and Departmental Faculty.MISSION STATEMENTThe mission of The University of Texas M. D. Anderson Cancer Center is to eliminate cancer in Texas, the nation, and the world through outstanding programs that integrate patient care, research and prevention, and through education for undergraduate and graduate students, trainees, professionals, employees and the public.JOB SPECIFIC COMPETENCIESFinancial Processes/Accounting 1. Responsible for the overall financial needs of the department.
Performs monthly salary trending for all departmental chartfields.
Systematically reviews all accounts for overdrafts, personnel trending, payroll reconciliation and discrepancies. Follows up with the Department Administrator to initiate and execute corrective actions.
Compiles and projects status of accounts on a monthly basis.
Prepares the annual budget.
Provides monthly reports summarizing available funds to the Department Administrator.
Monitors, audits and initiates the reallocation of funds and transfers.
Reviews Epic and other source reports for all patient care sponsor billable charges.
Reviews source documents and monitors billed service charges from other departments and service centers.
Follows up with Grants and contracts, and other MDACC departments on payments received and posted.
Analyzes/forecasts accounts as requested by faculty and/or Department Administrator.
Prepares monthly STAT sampling.
Generates specialized financial metrics reports as requested by the chair, Department Administrator and/or institutional leadership
Possesses a working knowledge of federal/state financial regulations, and university
financial policies and proceduresFinancial Processes/Reconciliation and Report Preparation 1. Responsible for ensuring that the monthly reconciliations are completed on a timely basis and within institutional guidelines on all departmental funds including, but not limited to, start-up funds, incentive funds, chairman's funds, grant funds, foundation and donor funds, industry-sponsored funds, endowed fellowships, and sponsored projects residual funds.
Performs a high-level review of monthly reconciliation reports on faculty development funds, departmental M&O, and patent royalty funds.
Interacts with all levels of personnel within the department, other institutional departments, as well as outside agencies to resolve problems/errors or questions regarding accounting reconciliation items.
Works with departmental Sr. Procurement Coordinator to determine best practices for account
reconciliations and purchase order closures.
Implements and oversees self-audit checks and procedures to maintain financial integrity. Creates and reviews procedures to ensure fiscal transparency and maintain archival backup of necessary documentation.
In the event of an audit, complies fully and provides all requested materials.
Maintains a financial database for the Department of Abdominal Imaging to track sources of funds for all departmental grants and contracts, philanthropic donations, clinical trials, private industry awards, and correlate with the department's grants and contracts' database to generate monthly reports for the Chair and the Department Administrator.
Prepares monthly financial reports for review with the Department Administrator r prior to distributing to individual faculty within the department.
Prepares monthly comparative data to report on variances as opposed to budget.
Meets required deadlines and provide formal and ad hoc reports as requested by the leadership.
Decision Support and Analytics 1. Proactively analyzes metrics and data to present recommendations to improve fiscal processes and operations within the department.
Provides information and insight to managing the financial and operation issues affecting the fiscal performance of the department.
Creates, maintains and interprets dashboards to track productivity metrics, recognize trends and recommend solutions.
Identifies budgetary control systems and provides guidance for system improvements in the department's fiscal matrix in the areas of salary reconciliation, purchasing and personnel trending.
Monitors departmental processes for ongoing departmental, divisional and institutional financial compliance.
Provides financial information to Department Administrator with business justification development for new programs, positions, projects, and strategic planning for the department.
Other Duties as AssignedRequired education: Bachelor's degree in Business Administration or related business specialty.Required experience: Two years business experience to include project management, data analysis or accounting.It is the policy of The University of Texas MD Anderson Cancer Center to provide equal employment opportunity without regard to race, color, religion, age, national origin, sex, gender, sexual orientation, gender identity/expression, disability, protected veteran status, genetic information, or any other basis protected by institutional policy or by federal, state or local laws unless such distinction is required by law. http://www.mdanderson.org/about-us/legal-and-policy/legal-statements/eeo-affirmative-action.htmlAdditional Information
Requisition ID: 168464
Employment Status: Full-Time
Employee Status: Regular
Work Week: Days
Minimum Salary: US Dollar (USD) 66,000
Midpoint Salary: US Dollar (USD) 82,500
Maximum Salary : US Dollar (USD) 99,000
FLSA: exempt and not eligible for overtime pay
Fund Type: Hard
Work Location: Hybrid Onsite/Remote
Pivotal Position: No
Referral Bonus Available?: No
Relocation Assistance Available?: No
Science Jobs: No
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