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Financial Analyst
$71k-88k (estimate)
Full Time 2 Days Ago
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West Michigan Partnership for Children is Hiring a Financial Analyst Near Grand Rapids, MI

Job DescriptionWest Michigan Partnership for Children (WMPC) administers foster care services to children and families in Kent County, MI in partnership with Bethany Christian Services, Catholic Charities West Michigan, D.A. Blodgett—St. Johns, Samaritas, and Wellspring Lutheran Services. WMPC executes an innovative performance-based funding model through a contract with the Michigan Department of Health and Human Services, utilizing a capitated allocation payment mechanism that allows for savings generated from practice and program improvements to be reinvested into the foster care system. WMPC utilizes software that allows for predictive analytics to inform strategy and practice, and to flag cases that are at risk for further review. WMPC’s mission is to empower communities to create better futures for children and families through innovation and collaboration and it does this through its core values: accountable, data-driven, innovative, trauma-informed, tireless collaboration, and social justice. Position is eligible for a $1000 sign-on bonus.Position SummaryThe Financial Analyst (FA) is a member of the finance team and assists the finance team and the Chief Financial Officer (CFO) in supporting the financial operations of the WMPC. The FA helps design fiscal policies and procedures. The FA supports the finance team in maintaining an accurate and up-to-date accounting system. The FA assists in the development of the timely completion and submission of reports to funders, as applicable, and interfacing with funding sources. The FA assists the CFO with financial reporting, cash management, investments, and cost reporting. This role involves working closely with various departments to ensure financial compliance with funding requirements.
While this position primarily works remote, we are seeking a candidate who can be local to West Michigan. Job Duties
  • Maintains the general ledger.
  • Monitors and maintains accounting records.
  • Leads the financial closing process (monthly and year-end).
  • Maintains proper internal controls.
  • Supports the annual financial statement audit.
  • Processes sub-recipient and vendor reimbursements.
  • Disseminates financial-related information and develops fiscal policies and procedures.
  • Ensures the timely completion and submission of required program and financial reports following the appropriate format.
  • Conducts quarterly financial reviews of sub-recipients’ financial billing.
  • Supports WMPC’s procurement process and ensures compliance with relevant federal and other oversight guidelines.
  • Keeps abreast of trends and new developments related to WMPC programming.
  • Assists CFO in preparation of the WMPC annual budget incorporating forecasts and volume projections into budget.
  • Performs cost analysis of current and proposed services, programs, and departments.
  • Manages financial and quality control of funding proposal processes.
  • Helps to maintain financial reporting in accordance with MDHHS’s EGRAM’s System.
  • Ensures inclusion of strategic ways WMPC can advance Diversity, Equity, and Inclusion in all grants, contracts, and new initiatives.
  • Assists in the advancement of WMPC team development of intercultural competence.
  • Supports the advancement of WMPC’s work to affirm LGBTQ persons in foster care and programming.
  • Commits to personal advancement in knowledge and integration of Diversity, Equity, and Inclusion.
  • Maintains an openness to learn and participate in an organization that strives to be trauma informed.
  • Other duties as assigned.
QualificationsEducation LevelBachelor's Degree with emphasis in Accounting, Finance, or related field.
Knowledge, Skills, And Abilities
  • Three or more years of applicable work experience.
  • Meticulous attention to details to ensure accuracy in documentation and data.
  • Ability to gather raw data and process that data into meaningful forms using scientific approaches.
  • Background in analyzing business plans, budgets, projections, and assumptions.
  • Knowledge of a variety of funding types and reporting requirements, federal and state laws, rules, and regulations related to the child welfare industry.
  • Experience working with industry research and or government contracting.
  • Familiarity and understanding of best practices for project management and performance-based contract management.
  • Experience in performing cost analysis of financial products and services.
  • Excellent verbal and written communication skills.
  • Interpersonal skills necessary to lead and interact with a diverse group of individuals and partners.
  • Proficient with Microsoft Office products and web-based applications, especially Excel.
WORKING CONDITIONSWork is performed in a hybrid remote setting with occasional travel required by network meetings, in-person trainings, team and agency meetings or retreats. The employee is required to: stand, walk; sit, talk, hear, possess good vision, type, or otherwise use a computer, and occasionally climb stairs or knee. The employee must occasionally lift and/or move up to 10 pounds. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.

Job Summary

JOB TYPE

Full Time

SALARY

$71k-88k (estimate)

POST DATE

06/27/2024

EXPIRATION DATE

08/27/2024

The job skills required for Financial Analyst include Collaboration, etc. Having related job skills and expertise will give you an advantage when applying to be a Financial Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Financial Analyst. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Financial Analyst positions, which can be used as a reference in future career path planning. As a Financial Analyst, it can be promoted into senior positions as a Financial Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Financial Analyst. You can explore the career advancement for a Financial Analyst below and select your interested title to get hiring information.

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If you are interested in becoming a Financial Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Financial Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Broadly speaking, a financial analyst works with financial data to help organizations make business decisions.

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Build financial models to perform financial forecasts, predict business scenarios, and provide other data analysis to help make business decisions.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Financial Analyst jobs

To become a senior or junior level financial analyst, one may be required to earn a Master’s of Business Administration.

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Obtaining a finance degree (bachelor’s or MBA) and working towards becoming a financial analyst requires the development of skills, expertise, and specific abilities.

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To be a financial analyst, one should be good with numbers, comfortable presenting research, analytical, and have great ability to research large amounts of data and pay attention to small details.

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Earning a finance degree and taking the steps to become a financial analyst requires specific abilities and the development of specialized skills.

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With relevant work experience and appropriate training, finance students can become equipped to pursue the path of becoming a financial analyst.

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Step 3: View the best colleges and universities for Financial Analyst.

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