The Sr Financial Analyst will be a key member of our Finance and Accounting department responsible for a variety of key initiatives including a comprehensive transformation project to assess and upgrade our general ledger and budgeting systems, automate our procurement, purchasing and invoice approval process, and enhance our reporting capabilities. The Sr Financial Analyst reports directly to the Director of Finance and Accounting and will also be responsible for recording and tracking publishing activities, assist in preparation for external audits and the budgeting process, and preparation of account analysis as needed. (S)he will also assist in preparation of FAF Trustee-related materials, provide ad-hoc reporting, data and financial analytic assistance to all organizational departments and assist with other initiatives. This position must ensure that proper financial controls exist and are continually observed.
• Responsible for initiative to transform and upgrade the general ledger/budgeting systems and automate related contract, purchasing and invoice approval processes, including:
- Actively partner with internal stakeholders to identify, recommend, develop, implement and support identified technology solutions;
- Assess current state capabilities (process, data, and technology) and map the gaps between the current state and the desired future state;
- Coordinate with vendors/consultants on solution capabilities, requests for proposals, and demonstrations as appropriate;
- Lead process of solution(s) selection in accordance with the organization’s IT governance policies;
- Work with vendors, consultants, and internal stakeholders to deliver successful implementation and integration of solutions;
- Restructure chart of accounts to meet the demands of internal and external reporting and best practices; and
- Play a key role to reengineer the financial processes and controls around the systems.
• Responsible for publishing related activities including invoicing, tracking, and reporting on licensing revenue and performing periodic reviews of licensee data.
• Develop, maintain and report on publishing operating and financial metrics, including pricing/profit analysis by products.
• Assist with preparation of FAF Trustee meeting materials and provide Ad-hoc reporting and financial analysis supporting the various functions or in support of initiatives.
• Assist with the external audits (including benefit plans) and IRS Form 990 preparation.
• Assist in the preparation of the annual budget, including assisting various departments with information requests and analysis where needed.
• Proactively identify opportunities and generate ideas for process/policy/system improvements.
• Perform accounting functions as assigned including various account analysis.
Skills and Experience:
• 5-7 years’ experience in private or public accounting
• Demonstrate solid accounting technical skills, ability to analyze transactions, and appropriate application of GAAP
• Experience with accounting system technology implementations and transformations
• Experience in continuous improvement initiatives and project management
• Ability to think strategically, challenge norms, and bring best practices insights
• Ability and experience with various financial/accounting systems
• Strong communication skills and ability to collaborate with others internally and externally
• 4 Year College Degree in Accounting required
• CPA a plus
• Proficient with MS Windows environment and Microsoft Excel (pivots and v-look-ups), Word and PowerPoint
Employer will assist with relocation costs.
About Financial Accounting Foundation
Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
The FASB and GASB establish and improve financial accounting and reporting standards – known as Generally Accepted Accounting Principles, or GAAP – for public and private companies, not-for-profit organizations, and state and local governments in the United States.
The FAF directs the effective, efficient, and appropriate stewardship of the FASB and GASB in carrying out their missions; selects and appoints FASB and GASB members and their advisory councils; oversees the Boards’ activities and due process; and promotes and protects the independence of the Boards.