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Financial Analyst
SUMMARY
The primary purpose of the Financial Analyst position is to perform accounting and analytical duties to support the financial operations of M.D. Anderson Physicians Network (MDAPN)and M.D. Anderson Services Corporation (MDASC). MDAPN and MDASC are separate 501(C)(3) entities that provide support services to MD Anderson Cancer Center. Each entity provides monthly, quarterly and annual financial reports to key stakeholders. The key functions assigned to this position will include assisting with the month-end close support, analysis of financial data, report generation, data validation and account reconciliations. This position requires expertise in accounting, financial analysis and advanced proficiency with both PeopleSoft Financials and Microsoft Excel.
JOB SPECIFIC COMPETENCIES
Financial Reporting and Analysis
· Prepare detailed financial reports, ensuring accuracy and clarity in income statements, balance sheets, and cash flow reports.
· Conduct variance analysis by comparing actual results to budgets and forecasts, identifying any discrepancies.
· Analyze financial trends and provide insights on cost-saving opportunities and ways to improve operational efficiencies.
· Reconcile balance sheet accounts, ensuring proper documentation and addressing inconsistencies.
Budgeting, Forecasting, and Financial Close
· Assist in developing annual budgets and analyzing departmental spending patterns, along with future financial needs.
· Support the monthly financial closing process, including the preparation of journal entries to record revenue, expenses, accruals, and necessary adjustments.
· Create and refine financial forecasting models by leveraging historical data and trends to improve accuracy.
· Collaborate with department leaders to align budgets with organizational goals, ensuring fiscal responsibility.
Compliance, Auditing, and Financial Integrity
· Ensure compliance with Generally Accepted Accounting Principles (GAAP), internal accounting policies, and regulatory standards.
· Assist with the annual financial audit by preparing worksheets and reconciliations in response to the auditors’ Provided by Client (PBC) list.
· Maintain detailed financial documentation to support transparency and accountability in reporting.
· Help prepare the annual Form 990 report to ensure accurate nonprofit financial reporting in accordance with IRS guidelines.
Data Interpretation and Communication
· Communicate with cross-functional teams to ensure alignment among accounting, finance, and operations.
· Support leadership in making data-driven decisions by contributing to the overall financial strategy.
Technical and Analytical Skills
· Develop and refine financial models, utilizing Excel, PeopleSoft ERP, and other accounting and Microsoft Office tools.
· Utilize advanced data techniques, such as trend projections and sensitivity analysis, to improve the accuracy of forecasts.
· Approach financial challenges with a problem-solving mindset, identifying creative and practical solutions.
Other Operational Duties
· Assist leadership with ad hoc financial analysis, support company-wide initiatives, and contribute to financial planning efforts across the department.
· Maintain and update Standard Operating Procedure (SOP) documentation for financial reporting, monthly close processes, reconciliations, and audit preparation. Ensure that all procedures are well-documented for continuity and serve as a reference for the team.
Other duties as assigned
Education:
Preferred Education: Master's Level Degree
Experience: 2 years business experience in accounting, financial analysis, or auditing
Preferred Experience: 3-7 years of accounting experience with extensive use of Microsoft Excel, including an understanding of GAAP, reconciliations, and audit procedures. Experience using PeopleSoft Financials. Detailed oriented, time management skills needed, self-starter mentality. No recent grad's.
Location: Prefer someone in the Houston local area, no out of town or out of state.
The University of Texas MD Anderson Cancer Center offers excellent benefits, including medical, dental, paid time off, retirement, tuition benefits, educational opportunities, and individual and team recognition.
This position may be responsible for maintaining the security and integrity of critical infrastructure, as defined in Section 113.001(2) of the Texas Business and Commerce Code and therefore may require routine reviews and screening. The ability to satisfy and maintain all requirements necessary to ensure the continued security and integrity of such infrastructure is a condition of hire and continued employment.
It is the policy of The University of Texas MD Anderson Cancer Center to provide equal employment opportunity without regard to race, color, religion, age, national origin, sex, gender, sexual orientation, gender identity/expression, disability, protected veteran status, genetic information, or any other basis protected by institutional policy or by federal, state, or local laws unless such distinction is required by law.http://www.mdanderson.org/about-us/legal-and-policy/legal-statements/eeo-affirmative-action.html
