Financial Analyst

New York Institute of Technology; Village of Old Westbury (NY); On-site; USD 65,000 - 70,000; Full time

Benefits offered by this job

Generous paid time off

Holidays

Tuition remission

Retirement plans with employer contributions

Job summary

New York Institute of Technology is looking for a Financial Analyst to support financial planning through budgeting, forecasting, and reporting. This role involves monitoring performance and ensuring compliance while collaborating with various departments.

The ideal candidate will have a Bachelor's degree and 3+ years of relevant experience, strong analytical skills, and proficiency in financial systems like Workday. The position offers opportunities for personal and professional growth and a competitive benefits package.

Qualifications

• 3+ years of experience in financial analysis, budgeting, or accounting, preferably in higher education.
• Strong analytical skills and proficiency in Microsoft Excel.
• Excellent communication abilities, both written and verbal.

Responsibilities

• Assist in budget preparation and monitoring, ensuring alignment with organizational goals.
• Analyze budget variances and prepare financial reports for management.
• Develop financial models for forecasting and long-term planning.
• Monitor expenditures and ensure compliance with financial policies.

Skills

Analytical skills

Problem-solving skills

Microsoft Excel proficiency

Verbal communication

Written communication

Attention to detail

Education

Bachelor's degree in Accounting, Finance, Business Administration or related field

Tools

Workday financial systems

Job description

Overview

New York Institute of Technology's six schools and colleges offer undergraduate, graduate, doctoral, and professional degree programs in in-demand disciplines including computer science, data science, and cybersecurity; biology, health professions, and medicine; architecture and design; engineering; IT and digital technologies; management; and energy and sustainability. A nonprofit, independent, private, and nonsectarian institute of higher education founded in 1955, it welcomes nearly 8,000 students worldwide.

The university has campuses in New York City and Long Island, New York; Jonesboro, Arkansas; and Vancouver, British Columbia, as well as programs around the world. More than 120,000 alumni are part of an engaged network of physicians, architects, scientists, engineers, business leaders, digital artists, and healthcare professionals. Together, the university's community of doers, makers, healers, and innovators empowers graduates to change the world, solve 21st‑century challenges, and reinvent the future.

For more information, visit nyit.edu.

About the Role

Reporting to the Director of Budget & Planning, the Financial Analyst supports financial planning and decision‑making through budgeting, forecasting, reporting, and data analysis. The role works closely with academic and administrative departments to monitor performance, control costs, and ensure compliance, while identifying opportunities to improve processes and systems. A core responsibility is managing position control (roster tracking) to align staffing plans with budgets and support informed resource decisions. The Financial Analyst also provides Workday support and training and contributes to the institution’s long‑term financial sustainability.

Responsibilities

• Budget Development & Management
  • Assist in the preparation, consolidation, and monitoring of annual budgets and forecasts.
  • Collaborate with department heads to gather financial data and ensure alignment with organizational goals.
  • Maintenance of position control (roster) records and tasks, using judgment to escalate approval decisions.
• Financial Analysis & Reporting
  • Analyze budget variances and provide actionable insights to improve financial performance.
  • Prepare monthly, quarterly, and annual financial reports for management review.
  • Weekly reconciliation of position budget to operating budget.
  • Analysis of headcount trends across position types and divisions.
• Forecasting, Planning & Budget Oversight
  • Develop financial models to support forecasting and long‑term planning.
  • Review insufficient fund notifications and collaborate with departments to post budget amendments as needed.
  • Identify trends, risks, and opportunities to inform strategic decision‑making.
• Cost Control & Compliance
  • Monitor expenditures and recommend cost‑saving initiatives.
  • Ensure compliance with internal financial policies and external regulations.
• System & Process Improvement
  • Support the implementation and enhancement of budgeting tools and financial systems.
  • Streamline reporting processes to improve accuracy and efficiency.
• Training & Operational Support
  • Provide training and guidance to staff on Workday financial systems and budget procedures.
  • Act as Expense Operations Lead (approver), ensuring submissions are accurate, policy‑compliant, and properly documented.

Qualifications

• Education: Bachelor's degree required. Degree in Accounting, Finance, Business Administration, or a related field (preferred).
• Experience: 3+ years of experience in financial analysis, budgeting, or accounting, preferably in a higher education or public sector environment.
• Skills and Competencies:
  • Strong analytical and problem‑solving skills.
  • Proficiency in Microsoft Excel and financial systems.
  • Excellent written and verbal communication skills.
  • Ability to manage multiple priorities and meet deadlines.
  • Knowledge of federal and institutional financial policies and procedures.
  • High attention to detail and discretion with confidential information.

Other Information

New York Institute of Technology offers numerous opportunities to enhance personal and professional growth and provides employees with a competitive compensation and benefits program inclusive of generous paid time off, holidays, tuition remission, and retirement plans with employer contributions.

New York Institute of Technology is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

In compliance with local legislation as well as to provide greater transparency to candidates, the annual base salary range for this position is listed. New York Tech considers factors such as scope and responsibilities of the position, candidate experience/expertise, education/training, key skills, geographic location, internal peer equity as well as market, organizational considerations and/or applicable collective bargaining agreement when extending an offer.

Minimum Salary

USD $65,000.00/Yr.

Maximum Salary

USD $70,000.00/Yr.