Financial Analyst

Updated: 3 months ago
Location: Cambridge, MASSACHUSETTS

Job Summary

Independently perform financial analysis to support department’s role in assisting management with financial planning efforts, budget analysis and monthly reporting.


Job-Specific Responsibilities

Financial Analyst

Harvard's Financial Administration Department (FAD) is responsible for the stewardship of the University’s finances, including related business processes and technology. FAD is dedicated to supporting the teaching and research mission of the University by providing outstanding financial services to the Harvard community; by providing support, guidance and consultation; by working to ensure compliance with University and federal guidelines; by mitigating risk; and by promoting the financial health of the University.

The Office of the Controller (OC) within Harvard University’s Financial Administration Department is dedicated to supporting the teaching, research and service missions of the Harvard community by providing efficient and effective financial and administrative services, by enabling access to information and resources, and by promoting the financial health and security of each unit and of the University as a whole. 

The Financial Analyst role is part of the Investment Accounting Team within the Office of the Controller. The Financial Analyst is responsible for supporting investment accounting for the University from preparing, posting, and reporting out the investment unit work papers, as well as preparing the pledge, and special investments accounting, preparing key components and footnotes for the annual financial statements, and supporting the annual and interim audit.

Specific duties include, but are not limited to:

  • Responsible for the monthly unit work papers journal entry and reports
  • Responsible for the monthly special investment accounting entries
  • Coordinate monthly with Harvard’s investment company (HMC) on entries and work papers
  • Prepare the general investment account (GIA) roll forward
  • Performs account reconciliations, post audit reviews, and researches and resolves any issues with those reviews and reconciliations
  • Preparation and Post other investment entries relating to the general investment account and the investment components of the general operating account
  • Responsible for ensuring general ledger balance reconciliations are supported by sufficient work paper support and are appropriate and accurate.
  • Prepares key components of the university annual financial statements and related footnotes which are used by the University’s rating agencies, bondholders, alumni, etc. 
  • Utilizes Oracle financial systems, ad hoc querying tools, and other financial software to assist in required reporting and analysis requests both internally and externally
  • Completes special projects as directed by the Office of the Controller
  • Other duties as assigned

Typical Core Duties

  • Perform a variety of financial analyses that identify trends and recommendations to help inform decision making
  • Assist with the annual budget process; assist with multi-year forecasts
  • Produce financial reports, including, annual, monthly, quarterly, and ad hoc
  • Act as a resource for departments on transactional inquires and financial/budgetary questions that require problem-solving and analytic capability
  • Ensure financial compliance with University policies and procedures and applicable legal rules and regulations

Basic Qualifications

  • Bachelor’s degree or equivalent work experience required
  • Minimum of 3 years’ relevant work experience

Additional Qualifications and Skills

The following Additional Qualifications are strongly preferred. If you meet some, but not all, you are still encouraged to apply; we value employees with a willingness to learn.

  • Ability to successfully manage multiple projects on deadline. 
  • Experience in desktop computing systems such as Microsoft Office, including spreadsheets, word-processing and databases. 
  • Knowledge/understanding of generally accepted accounting principles (GAAP).
  • Excellent oral and written communications. 
  • Excellent accounting, organizational, and analytical skills. 
  • Ability to work independently and in a team environment. 
  • Experience in a not-for-profit environment preferred. 
  • Experience utilizing Oracle financial systems a plus.

Working Conditions

In light of the global pandemic, all interview and onboarding activity for HUIT will be conducted via telephone & Zoom video conferencing. If you accept our offer and join the team, your position will be based on our campus in Cambridge, MA. However, due to the COVID-19 pandemic, you will begin your work remotely. The remote nature of this job is only temporary, and all remote work must be performed within the United States. We currently expect that you will work remotely until July 31, 2021. We will, of course, keep you updated as we know more. Once the University and your supervisor determine that it is appropriate, we look forward to welcoming you to campus. At that time, you will be required to move your work location to the Cambridge campus as a condition of continued employment.

Harvard continues to place the highest priority on the health, safety and wellbeing of its faculty, staff and students, as well as the wider community. Information and details can be found via Harvard’s Coronavirus Workplace Policies website: https://hr.harvard.edu/corona-virus-workplace-policies .


Additional Information

Please provide a cover letter with your application and upload as one document.

Please note:

  • Harvard University requires pre-employment reference and background screening. 
  • We are unable to provide work authorization and/or visa sponsorship. 
  • This position has a 90-day orientation and review period. 

More about FAD: 
FAD is committed to an engaging and diverse culture, strong values, and client partnership. The department is led by the Vice President for Finance (VPF), is comprised of eight reporting units:

  • Office of the Controller 
  • Office of Finance and Administration 
  • Office of Financial Strategy and Planning 
  • Office for Sponsored Programs 
  • Office of Treasury Management 
  • Risk Management and Audit Services 
  • Strategic Procurement 
  • Capital Planning and Project Services 

For more about the Financial Administration Department and its 8 reporting units, see: http://finance.harvard.edu

Diversity, Inclusion & Belonging:
Harvard's commitment to Diversity, Inclusion and Belonging is rooted in our belief in drawing on the widest possible pool of talent to unify excellence and diversity. Our community strives to uphold these beliefs by honoring the rights, differences, and dignity of others and embracing individuals from varied backgrounds, cultures, races, identities, life experiences, perspectives, beliefs, and values. Harvard aims to foster a campus culture where everyone can thrive, a key to which is ensuring that we each experience a sense of inclusion and belonging.

Total Rewards:
Harvard’s Total Rewards Program is designed to attract, retain, and reward the performance of talented employees. As a Harvard staff member, you enjoy many perks that come with working for one of the top employers in Massachusetts, including:

Flexible work environment: FAD supports flexible work arrangements where business needs allow.

Time off: 3 - 4 weeks paid vacation, paid holiday break, 12 paid sick days, 12.5 paid holidays, and 3 paid personal days per year.

Medical/Dental/Vision: We offer a variety of excellent medical plans, dental & vision plans.

Retirement: University-funded retirement plan with full vesting after 3 years of service.

Tuition Assistance Program (TAP): $40 per class at the Harvard Extension School and discounted options through participating Harvard grad schools.

Harvard University Employees Credit Union: Our employees credit union provides a complete line of services for all your financial needs. https://huecu.org

Transportation: 50% discounted MBTA pass as well as additional options to assist employees in their daily commute.

Wellness options: A variety of programs and classes at little or no cost, including stress management, massages, nutrition, meditation, and complimentary health services.

Access to athletic facilities, libraries, campus events and many discounts throughout metro Boston.

Learn more: https://hr.harvard.edu/totalrewards

Accessibility:
Harvard University IT plays an important role in supporting Harvard's commitment by seeking to create, procure and deploy technologies that are accessible to all, including and especially those who live with disability. Harvard welcomes individuals with disabilities to apply for positions and participate in its programs and activities. If you would like to request accommodations or have questions about the physical access provided, please contact our University Disability Resources Department.


Location

USA - MA - Cambridge


Job Code

F0956P Financial Analyst II


Department

Office of the Controller


Union

00 - Non Union, Exempt or Temporary


Pre-Employment Screening

Education, Identity


EEO Statement

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, sexual orientation, pregnancy and pregnancy-related conditions, or any other characteristic protected by law.


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