Financial Analyst I
| Job Description: **Teleworking up to 5 days per week is available for this position subject to established policies**Under the direction of the IT Business Operations Budget Management & Forecasting Director, the Time & Cost Allocation Analyst position performs complex work compiling, reviewing, and analyzing financial data. Responsible for compiling time effort reporting data for accurate resource profiles, responding to time effort resource inquires, generating and analyzing time effort reports, and preparing reports for cost allocation and project staff costs. Analyzes financial data, time effort results, and benefitting use information. Monitors and follow-ups with management for compliance reporting to ensure complete time cost allocation reporting within deadlines. Researches technical questions regarding the time effort reporting systems. Assists in the development and use of consistent processes and procedures for compliance reporting and report development in the reporting of cost allocation data. Develops and maintains processes and procedures related to the Time and Cost Allocation team. Position may train others and cross-train with others. Work outside of regular hours may be required. Travel to other work locations may be required. Performs other duties as assigned. |
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Essential Job Functions: Compiles time effort reporting data, generating and analyzing time effort reports, and preparing reports for time effort-based factors used in cost allocation and project cost reporting in a timely and accurate manner. Tracks, manages and maintains list of project and funding codes for cost allocation and projects. Assist with determining, performing and maintaining funding code setup within five working days of receipt of approved request. Determines and plans approval for funding code setup as needed. Makes initial entry of funding codes based on project approval. Responds to inquiries regarding available funding codes. Revise project or task codes based on approved project modifications. Monitors and archives codes based on project close out or withdrawal. [20%] Analyzes financial data, time effort results, and benefitting party information for cost allocation. Interprets and maintains knowledge of cost allocation regulations. Accurately interprets and applies regulations to specific situations. Makes recommendations to resolve issues in specific situations. Implements approved recommendations within approved deadlines. Appropriately escalates implementation issues. [10%] Assists in the development, maintenance and use of consistent processes and procedures for compliance reporting and report development in the reporting of cost allocation and project cost data. [10%] Attends work on a regular and predictable schedule in accordance with agency leave policy and performs other duties as assigned. [10%] |
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