Brown University — Financial Analyst

Job Description:

The Financial Analyst supports the research and training mission of the Carney Institute for Brain Science by developing an in-depth understanding of the Institute’s financial structures and presenting key financial planning opportunities and challenges to Carney and University leadership. The position reports to the University’s Office of Financial Strategy and Planning (OFSP) within the Finance Division, with a dotted reporting line to the Associate Director for Administration and Finance in the Carney Institute. The position collaborates closely with financial staff in academic units and offices across the University and at affiliated and collaborating institutions.

The position serves as the financial subject matter expert for the Carney Institute, including serving as the Institute’s Cost Center Manager (including associated cost centers such as research centers and cores). The position also serves in a back-up/supporting role to pre-award and post-award grants management, in collaboration with the University’s Office of Vice President for Research, and triages financial operations, in collaboration with the OFSP’s Financial Operations team.

Major Responsibility:  Develop and provide financial analysis and insight to support decision making, 40%

Supporting Actions:

  • Develop strong relationships with Carney and OFSP leadership and staff to collaborate on key financial challenges and opportunities.
  • Analyze operating results and provide monthly read-outs to Institute and OFSP leadership. Leverage the University’s enterprise resource planning (ERP), Workday, with a focus on University-wide standardization.
  • Develop annual and long-range budgets and financial plans, in collaboration with the Institute and OFSP leadership. Leverage the University’s budget system, Adaptive Insights.
  • Develop working knowledge of day-to-day operations of the Institute and provide guidance on University financial processes and policies.
  • Attend regular meetings with Carney and OFSP staff to remain current with operations, priorities, dates, and deliverables.
  • Provide ad hoc analysis to inform time-sensitive decision making, including recruitment offers, startup contributions, and other commitments.

2.  Major Responsibility: Lead financial support for Carney programs and priorities, 30%

Supporting Actions:

  • Monitor financial aspects of Institute programs, such as Innovation Awards, Graduate Research Awards, startup funds.
  • Oversee Workday financial support, including providing financial training and guidance to other Carney staff.
  • Collaborate with Carney Grants Specialist to ensure all financial processes are sufficiently documented and cross-training is ongoing in case of absences.
  • Collaborate with OFSP’ Financial Operations team to support financial transactions and triage issues that may arise in terms of process, policy interpretation, and periods of high volume.
  • Provide financial reports and financial support for Carney centers and core facilities, as well as to faculty receiving resources through the Institute (i.e., startup packages).
  • Provide financial reports on gifts and endowed funds in support of gift stewardship, including providing advice and guidance on the optimal use of funds.
  • Serve as Carney lead on year-end close, working collaboratively with the Controller’s Office and OFSP..
  • Serving as Cost Center Manager for assigned Cost Centers

3. Major Responsibility:  Serve in a back-up/supporting role to pre-award and post-award grants administration, 15%

Supporting Actions:

  • Collaborate with Carney Grants Specialist and the University’s Office of the Vice President for Research, as applicable, to ensure all financial aspects of grant proposals and awards are executed correctly and in a timely manner.
  • Contribute to development of grant budgets for new proposals and renewals.
  • Collaborate with Associate Director for Administration and Finance and Grants Specialist to develop an execution plan for new proposals and to coordinate multiple overlapping deadlines.
  • Track project spending, manage re-budget requests in accordance with sponsor expectations and University policy.
  • Assist with preparing monthly reports and salary reallocations.

4. Major Responsibility: Complete special duties as assigned as member of Carney Institute operations team, 15%

Supporting Actions:

  • Provide backup support to other members of the Carney team.
  • Provide support for general operations of the Institute which may include events execution, facilities support, and special projects.

Triage issues that may arise in terms of process, policy interpretation as they relate to financial transactions

Decisions Position is Free to Make

  • How to determine policies and processes for updating reports, ad hoc reporting, and costing allocations.
  • How to determine daily priorities.
  • How to execute financial planning and financial forecasting.

Depends on position’s advice:

  • Development of annual budget and reallocation of funds
  • Decisions about major deployments of Carney resources, development of new programs, and hiring of new faculty
  • Changes to processes for managing Carney awards and startups

Dimensions

The Carney Institute includes more than 200 affiliated faculty from 20 different departments.

The Carney Institute has raised more than $230M in private gifts, and manages 60+ gifts and endowed funds.

The Carney Institute has an annual operations and programs budget of ~$2M.

The Carney Institute submits 10-15 grants per year.

The Carney Institute manages 37 internal grants, including Innovation Awards, Graduate Research Awards, startup funds, and grant commitment accounts.

Job Qualifications

Education and Experience

Bachelor’s degree in finance, accounting or related field plus 3+ years of relevant work experience, or an equivalent combination of educational and work experience

Experience in an academic setting managing funds from a variety of sources preferred.

Job Competencies

  • Strong computing skills including Excel and accounting software. Proficiency and comfort with Web-based applications required, especially accounting systems such as Workday.
  • Financial reporting skills including knowledge of profit and loss statements and balance sheets.
  • Excellent written and verbal communication skills
  • Must be able to complete tasks independently and work collaboratively as part of an administrative team
  • Must be flexible and adapt to shifting priorities and projects
  • Financial experience in an academic setting preferred
  • Possesses a willingness and ability to support a diverse and inclusive campus community.

Background Checks: Criminal and Education Verification

In order to maintain 90% or greater universal vaccination rates on campus, all newly hired employees at Brown University must receive the final dose of the COVID-19 vaccine before they begin work, unless they are approved for a medical or religious exemption. For more information, please visit the Healthy Brown site. 

Recruiting Start Date:
2022-06-22-07:00

Job Posting Title:
Financial Analyst

Department:
Office of Financial Strategy and Planning

Grade:
Grade 9

Worker Type:
Employee

Worker Sub-Type:
Regular

Time Type:
Full time

Scheduled Weekly Hours:
37.5

Position Classification:
Hybrid Eligible

Submission Guidelines:
Please note that in order to be considered an applicant for any staff position at Brown University you must submit an application form for each position for which you believe you are qualified. Applications are not kept on file for future positions. Please include a cover letter and resume with each position application.

Vaccination Requirements:
In order to maintain 90% or greater universal vaccination rates on campus, all newly hired employees at Brown University must receive the final dose of the COVID-19 vaccine before they begin work, unless they are approved for a medical or religious exemption. All employees must also receive a COVID-19 booster within thirty (30) days of becoming eligible. For more information, please visit the Healthy Brown site.

Still Have Questions?
If you have any questions you may contact employment@brown.edu.

EEO Statement:
Brown University is an E-Verify Employer.

Brown University is committed to fostering a diverse and inclusive academic global community; as an EEO/AA employer, Brown considers applicants for employment without regard to, and does not discriminate on the basis of, gender, sex, sexual orientation, gender identity, national origin, age, race, protected veteran status, disability, or any other legally protected status.

Apply Now:
https://brown.wd5.myworkdayjobs.com/en-US/staff-careers-brown/job/Financial-Analyst_REQ180559-1

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