Financial Analyst

Bowery Residents' Committee; New York (NY); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Health and dental plans

Paid vacation

Tuition assistance

Flexible spending accounts

Job summary

A community assistance organization based in New York City is seeking a Financial Analyst to manage monthly and quarterly general ledger account reconciliations and variance analysis. This full-time role requires analytical skills and experience in preparing budget variances. The ideal candidate will hold a Bachelor’s in Finance or Accounting with at least 4 years of relevant experience, demonstrating strong project management and communication skills. Competitive benefits include health insurance, vacation, and professional development opportunities.

Qualifications

• Minimum of 4 years of relevant work experience.
• Superior analytical skills demonstrated through work experiences.
• Knowledge of city funding is a plus.

Responsibilities

• Preparation of standard monthly journal entries.
• Prepare monthly reports and analyses of the agency's operating expense performance.
• Monitor expenditures and provide supporting spending analysis.
• Forecast expenditures and perform financial analysis as needed.
• Prepare expense allocation schedules reflecting actual resource allocation.
• Assist the Director of Budgets in formulating the Annual Operating Budget.
• Complete job responsibilities in a professional manner.

Skills

Analytical skills

Project management skills

Verbal communication

Written communication

Microsoft Excel

Microsoft Word

Education

Bachelor’s degree in accounting, Finance, or related field

Job description

Position Overview

The Financial Analyst is responsible for preparing monthly and quarterly general ledger account reconciliations and variance analysis. This position is responsible for understanding and explaining budget variances and preparing reclassification journal entries when needed to correct cost center allocation and account coding.

Hours

Full time, 37.5 hours per week

Monday - Friday; 9:00am – 5:30pm

Duties/Responsibilities

• Preparation of standard monthly journal entries to assist in monthly closing process.
• Prepare monthly reports and analyses of the agency's operating expense performance compared to budget.
• Monitor expenditures and provide supporting spending analysis of major open purchase orders and projects.
• Forecast expenditures and perform financial analysis as needed, including year-end projections updated monthly.
• Prepare expense allocation schedules and ensure they reflect actual allocation of resources to respective programs and departments and adhere to funders’ preferred allocation methodology.
• Make recommendations for planning and corrective actions, with the goal of minimizing end of year surpluses and avoiding deficits.
• Assist the Director of Budgets in formulating the Annual Operating Budget.
• Assist in the fiscal year closing process.
• Complete job responsibilities in a professional manner, resolving requests from all levels of agency staff.
• Special projects and other duties as assigned.

Qualifications

• Bachelor’s degree in accounting, Finance, or related field with a minimum of 4 years of relevant work experience.
• Superior analytical skills demonstrated through work experience are a must.
• Strong project management skills.
• Excellent verbal and written communication skills.
• Knowledge of city funding a plus.
• Proficiency in Microsoft Excel and Word.

Professional Competencies

• Integrity and Trust
• Customer Focus
• Functional/Technical Skills
• Written/Oral Communications
• Business Acumen
• Critical Evaluation
• Relationship Management

Make an Impact

Are you looking to make a positive impact on the lives of those in your community? At BRC, our staff help New Yorkers experiencing homelessness reclaim their lives by providing a hand up, offering opportunities for health and self-sufficiency, and restoring hope and dignity.

Each and every BRC staff member makes heroic contributions to our city, providing vital services in times of crisis and need. Through our commitment to employee wellbeing and development, BRC provides a workplace where staff can achieve their goals, make a difference with our clients, and grow personally and professionally. BRC is committed to a safe and healthy workplace: we provide PPE to all employees and enforce temperature monitoring and physical distancing best practices across our programs.

Today, we have over 1000 full-time, part-time, and per-diem positions located in Manhattan, Brooklyn, the Bronx and Queens. Come and learn why 95% of BRC employees report that they would recommend BRC as a good place to work, and join us in building a more caring and compassionate city.

Benefits

BRC takes the health, safety, and wellbeing of our employees seriously. Employees are eligible for health insurance and paid sick time benefits immediately upon starting work. In addition, full time employees receive a generous benefits package, including:

• Competitive health and dental plans, with coverage is available for your spouse, domestic partner, and dependents.
• A minimum of 3 weeks paid vacation, 12 paid holidays, and additional paid sick and personal time. A 403(b) pension plan with a matching benefit paid by BRC.
• Tuition assistance and many training opportunities for career development.
• Flexible spending accounts (FSAs) are available so employees can set aside pre-tax dollars for healthcare, transit and childcare.