Senior Financial Analyst

Adler University - Chicago, IL

Full-time - Mid Level

Chicago, IL

Educational Services

About the position

The Senior Financial Analyst (SFA) plays a crucial role in developing, monitoring, and managing the operating and capital budgets for the University. This position is responsible for helping to establish short and long-term financial goals and forecasts for key strategic initiatives and special projects. The SFA collaborates closely with departmental leaders to analyze financial statements and variances, ensuring responsible resource allocation in a tuition-dependent institution. This role is ideal for a motivated individual looking to advance their career in higher education finance and administration, with a hybrid work environment.

Responsibilities

• Support the annual operating and capital budgeting process.
• Analyze monthly financial statements and provide written narratives on key budget variances.
• Regularly update projections for current year performance.
• Calculate key financial metrics for stakeholders throughout the year.
• Evaluate programs and policies to clarify resource allocation decisions.
• Consult with departmental leaders to understand key revenue and expense drivers.
• Produce regular and ad-hoc financial and operating reports with recommendations.
• Provide internal financial support and advise on complex economic issues.
• Analyze internal accounting reports and external comparative reports to benchmark best practices.
• Participate in the monthly accounting closing process.
• Assess, modify, and implement processes to increase efficiency and accuracy.
• Analyze and update the allowance for doubtful accounts monthly.
• Develop and maintain expert knowledge in the University's financial systems and assist departments with financial reports.
• Participate in university audits and perform other duties as assigned.

Requirements

• Bachelor's Degree in Business, Finance, Accounting, Economics, or a highly analytical field required.
• Master's Degree in a related area preferred.
• A minimum of five years of experience as a financial analyst or related area, or a Master's degree and three years of experience, or an equivalent combination of education and experience.
• Demonstrated experience with budgeting, financial planning, financial analysis, and financial reporting.
• Knowledge of Generally Accepted Accounting Principles (GAAP), fund accounting, and grant accounting.
• Ability to analyze complex business processes and leverage influence to drive change.
• Strong communication skills including written, oral, and listening abilities.
• Proficient in MS Office (Word, Excel, PowerPoint, and Outlook).

Nice-to-haves

• Higher education experience preferred.
• Understanding of principles of finance and banking relationships and investments.
• Emotional intelligence and professional maturity.

Benefits

• Hybrid work environment
• Professional development opportunities
• Supportive and diverse workplace culture