Financial Project Analyst Real Estate Development and Facilities

NYU Langone Health; New York (NY); On-site; USD 66,299 - 93,492; Full time

Benefits offered by this job

Comprehensive benefits and wellness package

Equal opportunity employer

Flexible working conditions

Job summary

A healthcare organization in New York seeks a Financial Project Analyst to manage the financial operations of real estate projects. Responsibilities include financial tracking, budgeting, invoicing, and reporting. Candidates should have a degree in finance/accounting and over 5 years of relevant experience, particularly in construction accounting. Strong communication skills and attention to detail are essential. The role offers a competitive salary range between $66,299.99 and $93,492.00 annually, based on experience.

Qualifications

• 5+ years of experience in Construction, Real Estate, Architectural, Facilities or Health Services.
• Demonstrated accounts payable and basic accounting skills.
• Ability to develop positive team-oriented relationships.

Responsibilities

• Financial tracking, monitoring and reporting of capital projects.
• Budget monitoring and reporting for the project portfolio.
• Collaborate with PMs to ensure timely processing of contracts and invoice payments.

Skills

Strong construction accounting understanding

Customer service skills

Attention to detail

Communication skills

Education

Bachelor’s degree in Finance, Accounting or related field

Tools

Oracle Unifier

Job description

Overview

NYU Langone Health is a fully integrated health system that focuses on quality and patient outcomes.

For more information, visit NYU Langone Health and connect on professional networks.

Position Summary

We have an exciting opportunity to join our team as a Financial Project Analyst. The project financial analyst supports the day-to-day financial operations related to the divisions of the Real Estate Development and Facilities Department (RED+F), collaborating with the Project Management team and other RED+F areas to ensure sound financial management of the portfolio under purview. The successful candidate will provide overall financial support for RED+F, including budgeting, invoice processing, status updates of purchase orders, financial analysis, reporting and research. They must have a clear understanding of accounting and finance, procurement, and accounts payable. Knowledge of the construction financial process is critical; experience with private financing and/or state agencies is a plus. They must communicate with senior staff and project managers and be flexible enough to handle administrative tasks independently and as part of a team. They should be self-motivated and able to work both independently and collaboratively.

Job Responsibilities

• Financial tracking, monitoring and reporting of capital projects
• Budget monitoring and reporting for the project portfolio
• Review, analyze and process applications for payment
• Review all financial documents related to the project portfolio and ensure compliance with institutional and industry standards, guidelines, policies and procedures
• Perform accounting and accounts payable functions related to the project portfolio
• Liaison with internal Project Management staff, vendors and external organizations related to the project portfolio
• Day-to-day activities and functions while ensuring adherence to departmental policies and procedures, cost and accounting standards; review and process payment billings from contractors, subcontractors and consultants; perform account reconciliations; prepare and process journal entries
• Collaborate with PMs to ensure timely processing of contracts, purchase requisitions, invoice payments, IOIs and journal entries
• Ensure REDF Financial Systems are updated and reconciled against organizational financial systems; collaborate with REDF colleagues
• Maintain accurate, well-documented project records electronically and in hard copies; organize meetings, open items and decisions; issue memoranda of understanding
• Report on KPIs
• Understand components of development projects (construction costs and consultant costs)
• Prepare ad hoc reports as needed
• Assist in project close-out
• Prepare cash flows and forecasting; follow up monthly on audits and responses; prepare monthly or quarterly financial reports from systems
• Guide Project Managers on proper procedures for reviewing CM Requisitions and Vendor Invoices
• Manage calendar of due dates (Pencil Requisitions, Pencil Requisition reviews, final requisitions, cash flows, monthly reports, vendor invoice due dates)
• Review Vendor Accounts Receivable, reconcile; liaise with Accounts Payable; follow up on AP issues; manage contract administration; confirm Requisitions for Purchase Orders and ensure proper backup and coding
• Prepare allocation entries (e.g., insurance fees and project management fees) across projects; analyze and prepare journal entries
• Prepare budget modifications and understand Anticipated Cost Reports; work with Project Managers on final products including variances and required backup
• Ensure invoices are in compliance with contracts and NYU procedures; review CM Requisitions including base contract values, approved change orders, lien waivers, and general conditions
• Co-lead with Project Manager in Pencil Copy Requisition reviews with Construction

Minimum Qualifications

• Bachelor’s degree in Finance, Accounting or related field required
• 5+ years of experience in Construction, Real Estate, Architectural, Facilities or Health Services with strong construction accounting understanding
• Demonstrated customer service and communication skills
• Ability to develop positive, cooperative, team-oriented relationships with coworkers, supervisors, managers, clients and others
• Strong attention to detail and ability to work under pressure
• Demonstrated accounts payable and basic accounting skills (journal entries, working with general ledger, budgeting)

Preferred Qualifications

• Experience with Oracle Unifier preferred

Qualified candidates must be able to communicate effectively with all levels of the organization.

NYU Langone Health provides a comprehensive benefits and wellness package and is an equal opportunity employer. Applications are completed online.

View Know Your Rights: Workplace discrimination is illegal.

Salary range: $66,299.99 - $93,492.00 annually. Actual salaries depend on experience, education, and hospital need. This range does not include bonuses or other compensation.