Financial Analyst

Overview

The mission of EVMS Business Management is to provide high quality, customer focused business and financial management and general administrative support services to the education, research and academic programs of the medical school.

The primary goal of Business Management is to ensure the financial integrity of the school through prudent application of sound business practices.  The position of financial analyst will provide high level administrative support to the office, adhering to all relevant policies, regulations and procedures as they relate to the operation of the school.

Responsibilities

AAMC Faculty Salary Survey each year- sort and verify salary data for all full time Faculty for input to the AAMC data base. Includes base salary, supplement, incentives, and one-time payments. Enter the AAMC code for each Faculties' department, position, qualifications, and gender codes

Review and analyze financial statements for budget variances and identify areas that need correction

Assist with the control of expenditures in accordance with budgeted amounts; Using Procure system, review and authorize the purchase of supplies, services and equipment within limits set by the Medical School; evaluate and recommend or implement improvements in cost control practices.

Establish and maintain Internally Designated (INTDES) Accounts, including journal entries to add and/or adjust budgets.

Audit Interdivisional Charge Forms for correct codes and budget availability. Forward to the appropriate departments if more signatures are required.

Works with facilities to maintain a comprehensive space management system for improved records and efficient retrieval of space allocation, occupancy, and use data.

Assist in the preparation of the annual budget, working directly with departments for resource needs.

Participate in institutional training workshops to educate departments regarding policy and procedures.

Audit all EVMS travel vouchers for compliance with EVMS Travel Policy and obtain any information and backup paperwork not submitted, check monies claimed are correct and have all back up receipts and make any necessary adjustments per policy. Check departmental budgets charged for fund availability. Maintain office files of the travel vouchers

Send the Department Reserve reports to each department administrator each month Liaison to the EVMS Foundation, reviewing available budgets and working with departments to utilize funding in a timely manner. 

Assist with the contract administration function, reviewing contracts for impact to school accounts, billing needs, and managing contract workflow to appropriate signatory.

Assist in the tracking and reconciliation of funding groups such as strategic plan funding, providing reports to management as needed.

Maintain Papercut billing/accounting system for building copiers and be point of contact for all copier issues and supply orders for copiers as needed.

Perform other duties and complete special projects as assigned.

Qualifications

Bachelor’s degree in Business Administration, Accounting, Finance or other relevant degree.  Three (3) years’ experience in accounting or financial capacity required. Knowledge of accounting and budgetary theory, principles and practices. Skill in both verbal and written communication. Skill in applying accounting and financial management principles. Must be proficient in Microsoft Office.

POSITION SPECIFIC COMPETENCIES:

• Ability to read, analyze and interpret financial reports and legal documents.   Ability to respond to common inquiries or complaints from physicians, regulatory agencies or members of the business community.  Ability to effectively present information to top management.
• Ability to work with mathematical concepts such as probability, statistical inference and trend analysis.  Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.
• Ability to interpret financial data to identify problems and discrepancies.  Ability to present data in form that provides meaningful and useful information to management for decision making.  Ability to solve complex problems independently. 

Location : Location