What are the responsibilities and job description for the Financial Systems Analyst position at AMERICAN REAL ESTATE PARTNERS?
Position Summary
The Financial Systems Analyst will be a strategic partner in optimizing AREP’s accounting and financial systems to support the firm’s real estate operations. This role requires a blend of financial acumen, system expertise, and general knowledge of a real estate firm’s processes to enhance efficiency, ensure data accuracy, and streamline the processing of financial transactions within systems. The analyst will lead system enhancements/upgrades, foster cross-functional collaboration, and train users to ensure the adoption of best practices in financial technology.
Essential Duties & Responsibilities
System Management & Optimization:
- Oversee the implementation, configuration, and maintenance of financial systems including Yardi, Procure-to-Pay (P2P), Microsoft Office suite of applications, Sharepoint, and additional AI and reporting solutions.
- Analyze and optimize financial systems to ensure they meet the needs of the End Users, operational teams, accounting, financial reporting, and more.
- Troubleshoot system issues and work with IT to resolve technical problems related to financial software.
Data Integrity & Financial Reporting:
- Ensure the integrity, accuracy, and consistency of financial data within the system.
- Support the generation of financial reports, including balance sheets, income statements, and other financial analysis tools.
- Develop, implement, and update internal controls for data processing and reporting.
Process Improvement:
- Analyze current accounting and financial processes and recommend enhancements or automation to streamline processes, improve efficiency and accuracy.
- Work with key stakeholders to implement process improvements and ensure system changes are aligned with accounting practices.
User Support & Training:
- Provide or coordinate training and ongoing support to the Firm’s teams regarding system usage, data entry, and reporting functions.
- Develop and deliver training materials and sessions for end users on system functionalities and best practices.
Collaboration with Cross-Functional Teams:
- Collaborate with IT, operational teams, and finance teams to ensure that financial systems are integrated effectively with other business systems.
- Work closely with auditors to ensure financial systems comply with regulatory requirements and internal controls.
System Enhancements & Upgrades:
- Participate in system upgrades, testing, and post-implementation support to ensure seamless transitions.
- Stay updated on the latest financial system technologies including AI and accounting best practices, advising on potential improvements or upgrades.
Documentation & Compliance:
- Maintain detailed documentation of system configurations, processes, and procedures to ensure compliance and facilitate future upgrades.
- Assist in ensuring that systems meet all internal and external compliance requirements.
Company Value Indicators:
- INTENTIONAL: Able to build deep customer relationships by providing high quality interactions with brokers, investors and internal partners.
- INTUITIVE: Ability to anticipate and prevent any barriers that may affect acquisitions.
- CRAFTED: Able to provide high attention to detail, analytics and accurate research and reporting. Highly organized and proficient at time management.
- RESPONSIVE: Ability to listen, set clear expectations and engage in crucial conversations on a colleague, investor and broker level.
- RELIABLE: Able to consistently communicate goals and meet deadlines.
- IMPACT-DRIVEN: Regularly review and evaluate the effectiveness of current procedures while providing constructive feedback.
- SINCERE: Able to develop a collaborative relationship with partners through trust and transparency.