Financial Analyst - Wyomissing, United States - Alvernia

Description

About Alvernia University
Alvernia University was founded in 1958 by the Bernardine Sisters of the Third Order of St. Francis.

Through its main campus in Reading and locations in Philadelphia and Schuylkill County, Pennsylvania, the university serves 3,000 students of diverse backgrounds from around the country.

Alvernia offers a unique blend of rigorous liberal arts core education for the development of the mind, strong technical training in many high-demand majors, experiential learning through study abroad and internship experiences, and engagement with the community through our Franciscan-based community service model.

We call our model of transformational education the Alvernia Advantage, and we believe this style of education transforms students into ethical leaders with moral courage.

Alvernia University ranks in the top 100 among 2021 Best Regional Universities in the North by U.S.

News & World Report, and we are recognized as a College of Distinction for our commitment to engaged experiential education.

Job Summary:
The Financial Analyst is responsible for several functions within the financial operations of the University.

From the assembly and analyzes data and transactions, prepares statements and reports relating to an assigned area of responsibility to the planning, evaluation, design, and implementation of the university budget while in compliance with accounting standards.

This role requires the creation of financial forecasts and making budgeting decisions. The Financial Analyst assists the Vice President of Business Affairs in processing the annual and quarterly budget development. Responsible for creating functional strategies and specific objectives and developing policies and procedures that support the overall functional infrastructure.


Essential Functions:
Promote Franciscan ideals and adherence to the Mission of the University as demonstrated by the University's Ideal Characteristics.

Analyze historical financial data and market trends to make informed budgetary recommendations.

Conduct cost-benefit analysis for proposed initiatives and provide financial insights to leadership as needed.

Evaluate financial data to identify potential risks and opportunities for the university.

Provide recommendations for strategic decision-making based on financial projections.

Assist in the preparation and development of the annual budget in collaboration with university departments.

Work closely with department heads to gather budget requests and forecasts.

Ensure compliance with university budget policies and guidelines.

Regularly monitor budget performance and variances, identifying areas of concern and proposing corrective actions.

Prepare and distribute financial reports and dashboards to track budget vs. actual expenditures.

Assist in financial planning and forecasting, contributing to the development of financial models and scenarios.

Prepare accurate and timely financial reports for university leadership, trustees, and external stakeholders.

Generate ad-hoc financial reports and analyses as requested.

Ensure the integrity of financial data and compliance with accounting standards.

Work closely with Human Resources to determine budget allocations for staffing needs.

Partner with various departments to provide financial guidance and support in alignment with departmental goals.

Foster a culture of fiscal responsibility and transparency throughout the university.


Qualifications/Education:
Commitment to the mission statement, core values, and goals of Alvernia University. A bachelor's degree in accounting or finance is required. One to Five years or more of budget experience.

Proven experience as a budget analyst or in a similar financial role, preferably in higher education Strong analytical and quantitative skills.

Proficiency in financial software and tools, including Excel, financial modeling, with the ability to learn, investigate, navigate and troubleshoot procedures.

Knowledge of accounting principles and financial regulations and familiarity with budgeting practices. Excellent communication and interpersonal skills. Meticulous attention to detail and a high level of accuracy. Ability to collaborate effectively with cross-functional teams and adapt to changing priorities. Excellent knowledge of forecasting methods and data analysis. Ability to communicate budgeting and financial information to various levels of the university.


Physical Requirements:
Attendance is required in order to perform the duties of this job. Prolonged periods of sitting at a desk and working on a computer. Must be able to lift 15 pounds at times.

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