Budget & Financial Reporting Analyst (Early Career)

$74,542 - $93,178/Yr

Pcori Ambassador Program - Washington, DC

Full-time - Entry Level

Hybrid - Washington, DC

About the position

The Budget & Financial Reporting Analyst position at the Patient-Centered Outcomes Research Institute (PCORI) is designed for early-career professionals who are eager to contribute to the organization's mission of enhancing healthcare decision-making through evidence-based research. This role is pivotal in supporting all budget and financial reporting activities, which encompass a variety of tasks including budget development, monitoring, variance analysis, and the preparation of financial reports for both internal and external stakeholders. The analyst will work closely with the Associate Director of Budget, Reporting, and Treasury, ensuring that budget owners and managers receive the necessary support throughout the fiscal year. In this role, the incumbent will assist in the annual budget process, which involves training staff on budget tools, collaborating with internal budget owners to substantiate budget requests, and interpreting departmental goals into financial data. The analyst will also be responsible for monitoring budget indicators, preparing monthly budget vs. actual performance reports, and validating financial transactions for accuracy and compliance. Additionally, the position requires the preparation of quarterly briefs and PowerPoint presentations for external stakeholders, detailing cash and fund balances, budget performance, and outstanding obligations. The Budget & Financial Reporting Analyst will also engage in financial planning activities, including cash flow projections and commitment plan award payments. This role is essential for facilitating active budget management and ensuring that all financial activities align with PCORI's policies and procedures. The analyst will be expected to perform other duties as assigned, contributing to the overall efficiency of the Finance & Administration Division.

Responsibilities

• Support the annual budget process including staff training and collaboration with budget owners.
• Monitor budget planning and expenditure management indicators on a monthly basis.
• Prepare and analyze monthly budget vs actual performance reports with variance explanations.
• Assist with financial modeling and cash flow projections.
• Prepare quarterly briefs and PowerPoint slides for external stakeholders.
• Review operational budgets for trends and performance.
• Provide expertise and technical assistance to budget managers and owners.
• Validate financial transactions for budget coding accuracy and compliance.

Requirements

• Minimum of a Bachelor's degree in Finance, Economics, or Accounting.
• 5 or more years of experience in financial planning, reporting, and analysis.
• Demonstrated experience with processing and analyzing large volumes of quantitative data.
• Strong familiarity with budgeting processes and methodologies such as Top Down, Bottom Up, and Zero Based Budgeting.
• Advanced MS Office Suite skills, particularly in Excel for data analysis and reporting.
• Intermediate knowledge of financial statements and accounting standards.
• High level of accuracy and attention to detail.

Nice-to-haves

• Experience with Sage Intacct and Workday Adaptive Planning applications or similar budgeting applications.

Benefits

• Salary range of $74,542 - $93,178 based on experience and qualifications.
• Participation in PCORI-sponsored medical, dental, vision, and basic life insurance plans for employees and eligible dependents.