What are the responsibilities and job description for the Financial Analyst I position at Weill Cornell Medicine?
Title: Financial Analyst I
Location: Midtown
Org Unit: Budget and Planning
Work Days
Weekly Hours: 35.00
Exemption Status: Exempt
Salary Range: $71,700.00 - $84,300.00
Responsible for the financial monitoring, analyzing, reconciliation and reporting of departmental financial activities, sponsored program grants, departmental research, clinical trials, industrial agreements and/or other restricted accounts as relevant.
Job Responsibilities
BA/BS degree in a Accounting, Business, Economics or Healthcare related field preferred.
Accounting Experience Preferred.
Approximately 2-3 years of progressive experience in administration/financial management.
Knowledge, Skills And Abilities
Experience within an academic medical center setting preferred.
Working Conditions/Physical Demands
Weill Cornell Medicine is a comprehensive academic medical center that is committed to excellence in patient care, scientific discovery, and the education of future physicians and scientists in New York City and around the world. Our doctors and scientists - faculty from Weill Cornell Medical College, Weill Cornell Graduate School of Medical Sciences, and the Weill Cornell Physician Organization - are engaged in world-class clinical care and cutting-edge research that connect patients to the latest treatment innovations and prevention strategies. Located in the heart of the Upper East Side's scientific corridor, Weill Cornell Medicine's powerful network of collaborators extends to its parent university Cornell University; to Qatar, where an international campus offers a U.S. medical degree; and to programs in Tanzania, Haiti, Brazil, Austria and Turkey. Our medical practices serve communities throughout New York City, and our faculty provide comprehensive care at NewYork-Presbyterian Hospital/Weill Cornell Medical Center, NewYork-Presbyterian/Lower Manhattan Hospital, NewYork-Presbyterian Hospital/Brooklyn Methodist Hospital, NewYork-Presbyterian Hospital/Westchester Behavioral Health Center, and NewYork-Presbyterian/Queens. At Weill Cornell Medicine, we work together to treat each individual, not just their conditions or illnesses, as we strive to deliver the finest possible care for our patients - the center of everything we do. Weill Cornell Medicine is an Equal Employment Opportunity Employer. Weill Cornell Medicine provides equal employment opportunities to all qualified applicants without regard to protected status, including race, sex, sexual orientation, gender identity, national origin, color, age, religion, protected veteran or disability status, or genetic information.
Location: Midtown
Org Unit: Budget and Planning
Work Days
Weekly Hours: 35.00
Exemption Status: Exempt
Salary Range: $71,700.00 - $84,300.00
- As required under NYC Human Rights Law Int 1208-2018 - Salary range for this role when Hired for NYC Offices
Responsible for the financial monitoring, analyzing, reconciliation and reporting of departmental financial activities, sponsored program grants, departmental research, clinical trials, industrial agreements and/or other restricted accounts as relevant.
Job Responsibilities
- Develops financial forecasts and/or business plans as needed. Prepares prospective and retrospective financial analyses; coordinates business plan development; develops revenue, compensation and/or expense assumptions.
- Manages operating and/or capital budgets as needed. Reviews budget proposals for governmental, industry-based and/or private funding initiatives as needed.
- Designs complex, multilayered financial models to forecast profit/loss statements for faculty recruits, studies, new ventures and/or routine department operations.
- Creates financial and management routine and ad-hoc reports and analyses: designs and reviews financial, budget, operating and other statistical reports. Independently investigates, explains and corrects discrepancies, variances and deficits.
- Responsible for reimbursement/disbursement activities as needed.
- Educates faculty and staff on proper accounting procedures. Audits operations to ensure compliance; tracks issues until satisfactorily resolved.
- Tracks and records financial activity within the enterprise financial system, databases and/or spreadsheets.
- Coordinates process improvement projects; recommends actions to improve efficiency and eliminate waste.
- Performs other related duties as assigned.
- Bachelor's Degree in related field
BA/BS degree in a Accounting, Business, Economics or Healthcare related field preferred.
Accounting Experience Preferred.
Approximately 2-3 years of progressive experience in administration/financial management.
Knowledge, Skills And Abilities
Experience within an academic medical center setting preferred.
- Demonstrated proficiency with MS Office Suite and database applications.
- Experience designing and developing financial models.
- Detail oriented and superb organizational skills.
- Demonstrated critical thinking and analytical skills.
- Ability to work independently and maintain confidential and professional relationships with a variety of personnel.
Working Conditions/Physical Demands
Weill Cornell Medicine is a comprehensive academic medical center that is committed to excellence in patient care, scientific discovery, and the education of future physicians and scientists in New York City and around the world. Our doctors and scientists - faculty from Weill Cornell Medical College, Weill Cornell Graduate School of Medical Sciences, and the Weill Cornell Physician Organization - are engaged in world-class clinical care and cutting-edge research that connect patients to the latest treatment innovations and prevention strategies. Located in the heart of the Upper East Side's scientific corridor, Weill Cornell Medicine's powerful network of collaborators extends to its parent university Cornell University; to Qatar, where an international campus offers a U.S. medical degree; and to programs in Tanzania, Haiti, Brazil, Austria and Turkey. Our medical practices serve communities throughout New York City, and our faculty provide comprehensive care at NewYork-Presbyterian Hospital/Weill Cornell Medical Center, NewYork-Presbyterian/Lower Manhattan Hospital, NewYork-Presbyterian Hospital/Brooklyn Methodist Hospital, NewYork-Presbyterian Hospital/Westchester Behavioral Health Center, and NewYork-Presbyterian/Queens. At Weill Cornell Medicine, we work together to treat each individual, not just their conditions or illnesses, as we strive to deliver the finest possible care for our patients - the center of everything we do. Weill Cornell Medicine is an Equal Employment Opportunity Employer. Weill Cornell Medicine provides equal employment opportunities to all qualified applicants without regard to protected status, including race, sex, sexual orientation, gender identity, national origin, color, age, religion, protected veteran or disability status, or genetic information.
Salary : $71,700 - $84,300
