Job DescriptionGeneral Purpose:
The Financial Analyst will play a crucial role in supporting the financial operations of RCAC by providing analytical insights, preparing financial reports, assisting in budgeting and financial planning, analyzing internal controls and risk management, providing recommendation in streamlining systems and processes. Reporting directly to the CFO, the Financial Analyst will contribute to strategic decision-making processes and ensure the organization's financial health and compliance with regulatory requirements.
Financial Analyst position will support the CFO and Controller in preparing financial reports to Board of Directors, external partners and senior leadership; serve as a liaison between Finance and other RCAC departments, specifically Grants and Contracts Administration (GCA), in gathering and reconciling financial information; monitor and track corporate and departmental budgets; review financial statements and reports for RCAC; manage finance team projects, fill in as back-up for the other positions in the finance department.
Specific job goals, objectives and tasks are established for each employee as part of the annual evaluation and work plan process. The statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all qualifications, responsibilities, duties, and skills required.
Job Duties and Responsibilities:
Perform financial analysis of internal and audited financial statements, operations, general ledger accounts, funding source balances, performance metrics and financial ratios to identify trends, variances, opportunities for improvement and to provide actionable insights.
Perform financial analysis of operations; prepare ad hoc management reports; conduct ongoing analysis of general ledger accounts and funding source balances; coordinate meetings with Finance team leaders to discuss findings.
Perform GCA contact lead responsibilities for unrestricted cost center, indirect cost center and other grants and contracts.
Support GCA and corporate development team with financial and budget analysis for funder and investor proposals.
Develop customized financial reports for internal and external partners, ensuring compliance with regulatory standards and organizational policies for accurate and timely financial reports.
Assist in the development of annual operating budgets and short and long-term financial forecasts.
Collaborate with department heads to review budget variances, monitor budget vs. actual performance and identify areas for cost optimization.
Develop and maintain financial models to support strategic planning initiatives, scenario analysis, and decision-making processes.
Evaluate financial impacts of proposed projects, programs, and initiatives.
Monitor grant expenditures, ensure compliance with grant requirements, and prepare financial reports for grantors as needed.
Assist with reviewing monthly bank account balances, cash flow statements, lending capital, loan fund transactions, identify and research discrepancies.
Assist CFO and Controller on investment and cash management compliance, financial analysis, treasury operations, banking relationships, investment management, risk management, and debt management.
Compare budgeted and actual indirect salary dollars, identify discrepancies and work with program managers and payroll manager-to modify indirect hours distribution budget.
Identify financial risks and recommend appropriate mitigation strategies. Monitor key financial indicators and assist in developing risk management policies and procedures.
Identify opportunities to streamline financial processes, enhance efficiency, and strengthen internal controls implementing best practices to optimize financial reporting and analysis functions.
Work closely with cross-functional teams to support organizational goals and initiatives providing financial expertise and guidance to departmental leaders as needed.
Attend internal and external meetings in lieu of the CFO as needed, interacting with and responding to urgent requests from CFO, C-Suite and senior leadership teams and the Board of Directors.
Supervision Exercised:
May supervise up to three positions.
Minimum Qualifications and Necessary Requirements:
Education: Bachelor's degree in business administration, Finance, Accounting or Management.
Experience: Minimum of 3-5 years of experience in financial analysis or accounting.
License/Certification: Valid driver's license and proof of insurance that meets the minimum requirements ($100,000/$300,000) of RCAC corporate liability policy.
Must pass a criminal background investigation prior to employment.
Knowledge, Skills, and Abilities:
Communicate effectively with all levels of management, staff, funders, investors, other external partners and members of the Board of Directors.
Strong analytical skills with the ability to interpret complex financial data.
Experience in financial statement analysis, financial modeling, budgeting, and forecasting techniques.
Knowledge of Microsoft Office Suite, specifically Word, Excel (advanced), Power Point and Teams.
Advanced skills in fiscal management software.
Ability to work without close supervision in a demanding environment.
Ability to gather data, compile information, and prepare reports.
Ability to establish and maintain professional relationships with individuals of varying social and cultural backgrounds and with co-workers and colleagues at all levels.
Excellent written, communication and interpersonal skills, with the ability to effectively communicate financial information to diverse audiences.
Detail-oriented with a commitment to accuracy and integrity.
Ability to maintain confidentiality, meet strict timelines, and frequent time sensitive priority requests.
Facilitation, mediation, and meeting management skills
Preferred Requirements:
Nonprofit financial analysis or accounting.
Familiarity with accounting and financial software.
Knowledge of nonprofit accounting principles and regulations such as GAAP and IRS regulations.
Professional certifications such as CFA, CPA, CPM, or Internal Audit.
Physical Demands:
While performing the duties of this job, the employee is regularly required to sit and stand; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to walk. The employee occasionally is required to stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision requirements include close vision, distance vision, color vision, and depth perception.
Working Conditions:
Work is typically performed in an office with a moderate noise level. Evening and/or weekend work may be required.
RCAC is an equal opportunity employer and considers all employees and job applicants without regard to race, religion, color, gender, sex, age, national origin, disability, veteran status, sexual orientation, gender identity or marital status, or any other status protected by law. RCAC strives to reflect the diverse constituencies that the organization serves.
RCAC is an equal opportunity employer and considers all employees and job applicants without regard to race, religion, color, gender, sex, age, national origin, disability, veteran status, sexual orientation, gender identity or marital status, or any other status protected by the law. RCAC strives to reflect the diverse constituencies that the organization serves.