Financial Analyst I-Environmental Medicine & Climate Science

The Financial Analyst I at Mount Sinai Health System is responsible for managing financial operations within the Environmental Medicine & Climate Science Department. Key duties include monitoring accounts, preparing reconciliation reports, and assisting with budget preparation. The role involves collaboration with finance staff and Principal Investigators to ensure financial accuracy and compliance. This position is based in New York, NY, and is not remote.
About the position

The Financial Analyst I plays a crucial role in the financial and administrative functions of the Department at Mount Sinai Health System. This position is responsible for planning, organizing, and directing day-to-day analytical activities that support the fiscal management of the department. The Financial Analyst I provides essential administrative services and analytical support to management, ensuring that financial operations run smoothly and efficiently. In this role, the Financial Analyst I will monitor monthly fund and general ledgers for various accounts, including department, grant, and contract accounts. They will prepare reconciliation worksheets on a monthly basis and communicate with Finance department staff to obtain explanations for any variances. The analyst will also prepare monthly reconciliation reports and engage in follow-up discussions with Principal Investigators (PIs) and department administrators to ensure financial accuracy and compliance. Additionally, the Financial Analyst I will review, approve, and prepare transactions in the procurement system, which includes handling purchase orders, fund transfers, petty cash, and employee reimbursements. They will assist in preparing monthly expense reports for the Senior Administrative Director and contribute to the annual budget preparation for the department, encompassing various funding sources and faculty practices. The analyst will also be involved in reconciling and reviewing the Federal Financial Report at the end of each grant year and will assist with budget modifications and financial-related inquiries. Collaboration with the administrative coordinator at the Lautenberg Lab is also a key aspect of this role, particularly in setting up and monitoring capital equipment leases and payments. Overall, the Financial Analyst I will play a vital role in monitoring Faculty Start-up and Seed Funds and performing other related duties as necessary.

Responsibilities
• Monitors monthly fund and/or general ledgers for department, grant, and contract accounts, and prepares reconciliation worksheets on a monthly basis.
,
• Communicates with Finance department staff to obtain variance explanations and alerts them to variances on ledgers for grant and contract accounts.
,
• Prepares monthly reconciliation reports and participates in follow-up discussions with Principal Investigators (PIs) and department administrators.
,
• Reviews, approves, and prepares transactions in the procurement system, including but not limited to Sinai Cloud HR Transaction, Purchase orders, Fund Transfers, contract POs, Petty Cash, and employee reimbursements.
,
• Assists in preparing monthly expense reports for the Senior Administrative Director.
,
• Assists in preparing the annual budget for the department, including the clinic, grants, perm/temp restricted funds, and the faculty practice.
,
• Assists in reconciling and reviewing the Federal Financial Report or Report of Expenditures at the close of each grant year.
,
• Assists with budget modifications and financial-related requests, questions, and concerns.
,
• Works collaboratively with the administrative coordinator at the Lautenberg Lab in setting up and monitoring capital equipment leases and payments.
,
• Monitors Faculty Start-up and Seed Funds.
,
• Performs other related duties.

Requirements
• Bachelor's degree in Accounting or an equivalent combination of education and experience.
,
• 3 years of experience in Finance.
,
• Proficiency in Microsoft Office Suite.

Nice-to-haves

Benefits