Financial Analyst I, Human Resources

University of Delaware; Newark (DE); Hybrid; USD 65,000 - 85,000; Full time

Job summary

The University of Delaware seeks a Financial Analyst in Newark, DE, to perform detailed financial analyses on employee benefits. The role involves reconciling accounts and generating financial reports for management. Ideal candidates will have a Bachelor's degree and at least four years of relevant experience.

This position is hybrid, offering flexibility in work arrangements, and requires strong skills in financial modeling, communication, and problem solving.

Qualifications

• Four years of auditing, cost accounting, and/or financial analysis experience.
• Knowledge of cost and financial accounting principles and internal control systems.
• Ability to communicate effectively and interact well with diverse backgrounds.

Responsibilities

• Perform financial analyses related to benefit rate development and expenses.
• Generate financial and statistical reports for management.
• Reconcile benefit liability and expense accounts monthly.

Skills

Financial modeling

Communication skills

Problem solving

Attention to detail

Education

Bachelor's degree in business administration, accounting or related discipline

Tools

PeopleSoft

Financial and statistical software

Job description

University of Delaware

Equal Employment Opportunity Statement

The University of Delaware is an Equal Opportunity Employer which encourages applications from Minority Group Members, Women, Individuals with Disabilities and Veterans. The University's Notice of Non-Discrimination can be found at http://www.udel.edu/aboutus/legalnotices.html.

Job No: 503159

Work Type: Staff

Location: Newark, DE/Hybrid

Categories: Human Resources, Full Time

Pay Grade: 30E

Context of the Job

Under limited direction of the Assistant Director of Benefits, the Financial Analyst performs detailed benefits, cost, and financial analyses. Develops and interprets detailed cost accounting information and makes recommendations regarding the efficient utilization of resources and the proper accounting for transactions. The Financial Analyst assumes responsibility for various specialized, complex or large financial analysis assignments. The Financial Analyst evaluates the internal benefits policies and procedures as they relate to cost and employee impact and, in collaboration with management, recommends changes and/or improvements. The Financial Analyst routinely interacts with outside benefit vendors. The Financial Analyst is responsible for yearly reconciliation of various benefit programs. The incumbent serves as the primary liaison to the University Office of Procurement, Accounts Payable, Controller's Office, and Treasurer.

Major Responsibilities

• Performs specialized financial or cost analyses and tasks related to benefit rate development, including projecting and reconciliation of benefits‑related expenses; prepares related reports. Evaluates, analyzes, and projects the impact of benefit rate changes.

• Compiles, analyzes, and reconciles financial and statistical data, and generates a range of individual and group financial and statistical reports for management.

• Oversees and coordinates the generation of benefits adjustments from PeopleSoft, ensuring accuracy of benefits deductions; makes corrections and adjustments as necessary.

• Compiles, reviews, accurately records and processes payments to health and welfare plan providers, ensuring that amounts to be paid are appropriately supported by the detail provided. Tracks benefit expenses incurred by plan and type for ongoing analysis.

• Reconciles benefit liability and expense accounts on a monthly basis, providing explanations for variances to prior month, quarter, year and budget as required.

• Reconciles the benefits billings between PeopleSoft and individual vendors, resolves billing issues, prepares notifications and collects contributions or distributes payments where necessary from employees, retirees, and vendors.

• Approves allocations and expenditures, prepares and interprets financial reports as well as prepares accounting documents as required.

• Processes journal vouchers and budget revisions ensuring proper revenue and expense recognition, in accordance with GAAP.

• Completes and submits year‑end financial reporting; FASBE Report, Fringe Rate Data; as well as other reports as required for budget presentations and board meetings.

• Administers and processes all purchasing requisitions to include purchase orders and non‑PO payments.

• Oversight of all aspects of Purchasing Card program for HR, serves as Procurement Concur Card Manager and delegate account administrator for transactions and allocations on internal departmental funds.

• Verifies, resolves, and provides supporting documentation for procurement related issues.

• Interprets policies and regulations to ensure compliant transactions.

• Resolves complex procurement and financial issues with both internal and external constituencies as required.

• Performs miscellaneous job‑related duties as assigned.

Qualifications

• Bachelor's degree in business administration, accounting or other job‑related discipline and four years of auditing, cost accounting and/or financial analysis experience.

• Knowledge of cost and financial accounting principles, practices and procedures.

• Knowledge of internal control systems and procedures.

• Financial modeling a plus.

• Skill in performing complex numerical calculations and reconciliations.

• Skill in the use of personal computers and related financial and statistical software products. Effective written and oral communication skills.

• Ability to communicate effectively and interact well with people of all ages and diverse backgrounds.

• Problem solving and attention to detail skills.

• Ability to work well in a team environment, handle multiple tasks with deadlines and pressure, adjusting work schedules to meet deadlines.

• Ability to query, gather data, compile information, prepare reports and analyze information.

• Knowledge of state and federal laws pertaining to employee benefits, COBRA, and IRS Section 125.

• Knowledge of retirement and health and welfare benefit programs a plus.

• Knowledge of computerized human resources and payroll systems (PeopleSoft preferred).

Notice of Non‑Discrimination and Equal Opportunity

The University of Delaware does not discriminate against any person on the basis of race, color, national origin, sex, gender identity or expression, sexual orientation, genetic information, marital status, disability, religion, age, veteran status or any other characteristic protected by applicable law in its employment, educational programs and activities, admissions policies and scholarship and loan programs as required by Title IX of the Educational Amendments of 1972, the Americans with Disabilities Act of 1990, Section 504 of the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, and other applicable statutes and University policies. The University of Delaware also prohibits unlawful harassment including sexual harassment and sexual violence.