Financial Analyst IV
Company: Contech Systems
Location: Newark
Posted on: January 24, 2023
Job Description:
Our direct client located in Newark, NJ has an urgent need to
fill a Financial Analyst IV position.
This senior position is responsible for the development, monitoring
and reporting of projections as well as the timely and accurate
preparation and analysis of accounting entries for assigned
divisions or companies. This position is also responsible for the
preparation and analysis of all financial reports for
management.
Description:
- Develop SG&A budgets and quarterly forecasts for assigned
divisions/companies including monitoring of reported results vs.
projections and variation analysis.
- Ensure the timely and accurate processing of monthly accounting
entries for the financial close and the preparation of related
general ledger account analyses (e.g., account reconciliations,
investigation of unusual or one-time items); this involves
interfacing with divisional personnel.
- Perform variance analysis.
- Lead financial reporting (e.g., board reports, divisional
reports, scorecards and dashboards).
- Prepare ad hoc analysis and benchmarking for assigned divisions
or companies including analyzing raw financial data as well as
compiling reports, graphs and presentations; reports often must be
prepared with a high level of responsiveness to customer needs
requiring the quick turnaround of available data into a useful
story.
- Support internal and external audits as needed.
- Identify finance core processes for standardization / redesign
and implement more streamlined procedures to enhance efficiency and
controls.
- Participate and lead various projects related to reducing
administrative cost or similar financial analysis or ensure proper
interfacing of premiums and claims to general ledger.
- Provide guidance to less experienced financial analysts and
quality review their work.
- May provide consultation or support to assigned divisions or
companies on financial statement matters.
Core Individual Contributor Competencies:
Personal and professional attributes that are critical to
successful performance for Individual Contributors:
- Customer Focus
- Accountable
- Learn
- Communicate
Education/Experience:
- Requires a Bachelor's degree in Finance or Accounting from an
accredited college or university.
- Requires a minimum of 7+ years of progressively responsible
experience with general accounting, financial analysis, financial
modeling, budgeting and related functions preferably in the health
insurance industry.
- Master's degree in business administration, accounting or
finance a plus.
Knowledge:
- Requires knowledge of accounting, finance and
budget/cost.
- Requires in-depth knowledge of general accounting principles
and methods
- Prefer knowledge of both Generally Accepted Accounting
Principles (GAAP) and Statutory Accounting principles (SAP).
Skills and Abilities:
- Requires strong oral and written communication skills.
- Requires demonstrated aptitude for analytical thinking
including the ability to research and resolve problems, report
findings accurately, identify solutions and implement resolutions
through interaction with company wide personnel.
- Requires very strong attention to detail and granular levels of
financial reporting.
- Requires the ability to plan, organize and prioritize work
assignments.
- Requires the ability to work independently and exercise sound
business judgment.
- Requires strong skills in MS Office applications (particularly
Excel and Access).
- Prefer knowledge of Adaptive Planning
- Prefer knowledge of the general ledger system, preferably
Workday.
- Prefer knowledge of financial auditing.
Keywords: Contech Systems, Newark , Financial Analyst IV, Professions , Newark, New Jersey
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