Senior Financial Analyst I

Institute Of Electrical And Electronics Engineers - Piscataway, NJ

Full-time - Mid Level

Piscataway, NJ

Professional, Scientific, and Technical Services

About the position

The Senior Financial Analyst I position is designed to provide comprehensive finance support across multiple organizational units (OUs). The primary responsibilities include preparing annual budgets and forecasts, analyzing financial results, and identifying operational variances. The analyst will interface directly with all levels of management, serving as the main point of contact for all functions within Finance and Accounting (F&A). This role requires a proactive approach to identifying and resolving financial issues, as well as suggesting opportunities for process improvements that enhance client operations and financial reporting. In this role, the Senior Financial Analyst will report to the Senior Manager of Business Finance Solutions and will operate as an individual contributor. The analyst is expected to work independently, completing most tasks with minimal supervision. A key aspect of the position involves training staff within the OUs on financial activities and the tools necessary for these tasks. Collaboration is essential, as the analyst will work closely with Treasury, Controllers, and other IEEE OUs to ensure accurate financial reporting and analysis. The incumbent will prepare reports and analyses for senior management and volunteer leadership, emphasizing the importance of accuracy in data to support effective presentations. The role also involves streamlining financial processes and ensuring that the tools used for financial reporting are efficient, with a focus on automation to reduce manual work. Overall, this position is critical for maintaining financial integrity and supporting the financial health of the organization.

Responsibilities

• Support finances for multiple organizational units including budget & forecasting, financial reporting, ad hoc analysis, and all areas of expense and capital items.
• Reconciles and maintains budget and forecast supporting schedules including categorizing and tracking updates by major line of business, prepaid expenses, OU chargebacks, accruals and miscellaneous journal entries.
• Consolidates and analyzes financial trends by operational spend and key budget categories.
• Interfaces and partners with OUs to support creation of budgets and forecasts including financial analysis and consultation to management, as needed.
• Streamlines processes and ensures tools used to develop financials are efficient (Excel spreadsheets, EPM, Oracle).
• Oversees and monitors the financials to ensure all policies and procedures are being followed and to ensure actual expenditures are in line with budget and/or forecast.
• Partners with the Accounting team to understand results streams to ensure accuracy.
• Manages cost centers including coding structure, understanding key accounts and cost center ownership.
• Creates or updates standard operating procedures for OU documentation.
• Conducts training for staff.
• Develop and prepare agendas and presentations.

Requirements

• Bachelor's degree or equivalent experience in Business, Finance, Accounting, or related field.
• Minimum of 2 years of professional experience in accounting, budgeting, forecasting, and bookkeeping.

Nice-to-haves

• Experience with accounting, budgeting, forecasting, and bookkeeping.