Financial Analyst

$82,909 - $134,555/Yr

Metropolitan Council

posted about 2 months ago

Full-time - Mid Level
Remote
1,001-5,000 employees
Executive, Legislative, and Other General Government Support

About the position

The Financial Analyst position at the Metropolitan Council is a critical role that involves performing fund accounting and financial management functions essential for the operation of Metro Transit. This position is responsible for costing out the annual Service Plan, which is pivotal in driving the annual operating budget. The Service Plan outlines the bus and rail services provided throughout the year, and the Financial Analyst ensures that this plan is executed reliably and timely. The role requires the production of regular and ad-hoc financial reports, ensuring compliance with accounting standards, and serving as a resource for operating departments regarding budget preparation and financial results. In this role, the Financial Analyst will engage in various responsibilities, including reviewing and analyzing general ledger accounts, monitoring journal entries, and preparing financial analyses for customers with varying degrees of financial understanding. The analyst will also respond to audit questions from federal and state agencies, maintain data within relevant financial systems such as PeopleSoft and Hyperion, and assist department managers in understanding their budget-to-actual reports. The position also involves preparing annual budget plans, monitoring capital improvement projects, and communicating budget information across the agency. The Financial Analyst will work closely with grants administration and accounting staff to complete necessary documentation for grant awards and funding. Additionally, the role includes analyzing budget expenditure estimates, ensuring compliance with federal policies, and recommending budgetary alternatives for operational and policy issues. The analyst will also monitor ongoing financial and operational results, identify system modifications for improved financial controls, and evaluate program effectiveness. This position is eligible for a hybrid work arrangement, allowing for both remote and onsite work, with the requirement that the candidate's permanent residence is in Minnesota or Wisconsin.

Responsibilities

  • Cost out the annual Service Plan in a reliable and timely manner.
  • Serve as an information resource to operating departments regarding budget preparation and financial results.
  • Review and analyze general ledger accounts.
  • Monitor journal entries to ensure proper accounting for Council activities.
  • Prepare ad-hoc reports and maintain internal controls related to financial reporting.
  • Prepare financial analysis for customers with varying degrees of financial understanding.
  • Respond to Federal and State Audit questions accordingly.
  • Maintain data within relevant systems including PeopleSoft, Hyperion, and TxBase.
  • Assist department managers and project managers in understanding their budget to actual reports.
  • Assist with the preparation of annual budget plans in Oracle Hyperion.
  • Monitor Capital Improvement Projects authorized dollar authority.
  • Communicate budget information and issues to appropriate staff across the agency.
  • Design and coordinate internal budgetary information gathering and reporting as requested by Finance staff.
  • Monitor financial and operational reporting and prepare variance to budget analysis.
  • Assign project numbers to Capital Projects and update the Capital Life to Date report.
  • Work with grants administration and accounting staff to complete Notice of Grant Awards and Notice of Funding Awards.
  • Coordinate and input budgetary data into Metro Transit financial systems to generate monthly financial statements.
  • Analyze, research, and recommend budgetary alternatives for operational capital and policy issues.
  • Prepare special administrative management studies and analyze budget expenditure estimates.
  • Assist Senior Staff in developing and evaluating models to project future revenues and cost estimates.
  • Monitor ongoing financial and operational results for deviations from plan and recommend corrective actions.
  • Identify system modifications for improved financial controls and evaluate program effectiveness.

Requirements

  • High school diploma/GED with eight (8) years of experience in an accounting or finance environment including the development and use of financial or budgeting systems.
  • Associate degree with six (6) years of experience in an accounting or finance environment including the development and use of financial and budgeting systems.
  • Bachelor's degree or higher with four (4) years of experience in an accounting or finance environment including the development and use of financial or budgeting systems.

Nice-to-haves

  • Practical experience using a financial system like PeopleSoft.
  • Experience delivering financial information to coworkers, division program staff, and managers, and state/federal agencies.
  • Experience in accounting practices including problem-solving skills to identify and reconcile account balances using reports, queries, spreadsheets, and available tools.
  • Intermediate computer skills in word processing, spreadsheets, graphic presentations, and database management.

Benefits

  • Competitive salary
  • Excellent benefits
  • Good work/life balance
  • On-site training
  • Tuition reimbursement
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