Financial Analyst 2
Financial Analyst 2🔍School of Medicine, Stanford, California, United States📁Finance📅Apr 30, 2021 Post Date📅89382 Requisition #The Division of Sleep Medicine within the Department of Psychiatry & Behavioral Sciences at Stanford University is comprised of research, clinical and educational programs geared to advance the field of sleep medicine and improve patient care. As the birthplace of sleep medicine, Stanford has driven considerable growth in sleep research and treatment. The division is internationally renowned, and recognized for outstanding patient care and innovative sleep medicine research.We are seeking a Financial Analyst 2 to perform complex finance functions and/or activities requiring advanced knowledge, sound financial judgment, and application of internal policies, external regulations, precedents and systems. Reporting to Sleep Medicine’s Division Chief, the Financial Analyst would be responsible for preparing the annual budget for the Sleep Division and would work closely with the division’s Principal Investigators, Clinical Research Coordinators, research sponsors, and department clinical and research finance teams to ensure research financial transparency. The position would be expected to analyze variances from budgets and actual financial data for research and clinical studies. The Financial Analyst would work in connection with the division’s Research Finance Manager to track budgets, revenue and expenses for each of the Sleep division’s faculty members. In addition, the Financial Analyst would partner with Sleep Division faculty and Clinical Research Coordinators to support all financial transactions and budgetary decisions for studies as well as help to identify and troubleshoot financial issues for the Principal Investigators in the planning and duration of their studies. This position would be relied upon to perform a continuous review and adjustment of Principal Investigator and staff efforts devoted to each study as well as be involved in the division’s research financial and strategic planning. Duties include:
- Perform and design ad hoc analyses of large complex data sets: reconcile complex accounts. Identify and resolve complex issues which may span multiple areas.Construct and assemble data for budgeting and decision making; develop conclusions, and present high level summary of recommendations. May develop annual budget for individual department/unit.Conduct analysis and resolution, and recognize exceptions. Participate in developing solutions that may require policy changes or the development of new processes; maintain broader organizational perspective in decision making.Execute internal control programs established by management, research new regulations, and recommend and implement approved changes. May manage compliance program for area of responsibility, and create complex compliance reports.Develop reports and presentations of complex financial data and metrics for management and third parties.Participate as a member of a project team; support new initiatives. Make decisions determining approach to managing and completing processes. Contribute to unit and organization strategy; assist in the development of change management plans and materials as needed.Develop and maintain desktop procedures and process documentation for area of responsibility. Define requirements, develop and implement complex test cases, perform system testing and analyze results. Participate in critical analysis of existing systems and processes, and identify opportunities for process improvement.Provide consulting advice to client group(s); serve as a resource on matters that require specific technical, financial, or subject matter expertise; support negotiations with external partners.May supervise, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise.
- Clinical or scientific background and experience preferred but not mandatoryStrong background and experience in finance, especially in budget generation and monitoring, financial report preparation, tracking of revenue and expenses, and invoicingKnowledge and experience with Stanford’s Oracle financial systems and applicable policies and procedures.Excellent analytical, decision making and problem solving skills.
- Bachelor’s degree and four years of relevant experience or combination of education and relevant experience.
- Advanced proficiency in business applications, such as Microsoft Office suite, especially Excel.Demonstrated knowledge of financial systems; internet and computer literacy.Knowledge of GAAP.Strong communication skills, including ability to prepare materials for and clearly and effectively communicate information to internal and external audiences and client groups.Demonstrated project management skills and ability to contribute to or lead part of a multi-functional team.
- Constantly sitting. Frequently perform desk-based computer tasks, use telephone, writing by hand, sort/file paperwork.Occasionally stand/walk, lift/carry objects weighing 11-20 pounds.Rarely reach/work above shoulder.
- Routine extended working hours during peak cycles; travel to school/unit sites across university.
- Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.
- Schedule: Full-time
- Job Code: 4452
- Employee Status: Regular
- Grade: H
- Requisition ID: 89382