Research Financial Analyst
2 weeks ago
**Date**:Mar 6, 2024
**Location**: Waterloo, CA
**Company**:Wilfrid Laurier University
**Department**: Finance
**Job Type**: Limited Term
**Full-time/Part-time**: Full Time (>=1249 hrs/year)
**Campus**: Waterloo
**Reports to**:Manager, Research Finance
**Employee Group**: WLUSA
**Application Deadline**:March 20, 2024
**Requisition ID**:7224
Wilfrid Laurier University is a leading multi-campus university that excels at educating with purpose. Through its exceptional employees, students, researchers, leaders, and educators, Laurier has built a reputation as a world-class institution known for its rich student experience, academic excellence, and global impact. With a commitment to Indigenization and commitment to equity, diversity, inclusion, Laurier’s thriving community has a place for everyone.
Laurier has more than 19,000 students and 2,100 faculty and staff across campuses in Waterloo and Brantford, as well locations in Kitchener and Milton. The university is committed to providing an inclusive workplace, a flexible work policy and employing a workforce that is reflective of local and national demographics. Our locations are situated on the traditional territories of the Neutral, Anishnawbe, and Haudenosaunee peoples. We recognize the unique heritages of Indigenous peoples and support their intentions to preserve and express their distinctive Indigenous cultures, histories, and knowledge through academic programming and co-curricular activities. Laurier’s Centre for Indigegogy is one example of how Laurier honours Indigenous knowledge.
**Position Summary**:
The Financial Analyst, Research is responsible for performing a variety of complex financial reporting duties related to managing the research funding held in trust by the University. The funding is from external agencies, foundations, research institutes, private sector companies and donations.
As a designated financial expert assigned to several researchers, the role is accountable for the financial management of research funds for the research project’s life cycle from set-up through to closeout. This includes financial reporting and analysis, forecasting, expenditure monitoring, compliance oversight, and cash flow management. The incumbent is required to work independently and function with a high level of accuracy, confidentiality, judgement and efficiency, referring only unusual issues to management. The incumbent provides functional guidance to staff members and assists in monitoring and reviewing their work. The incumbent liaises with internal colleagues and external contacts to share information and resolve issues pertaining to research projects.
**Accountabilities**:
**Financial Management & Reporting**:
- Perform routine to complex financial and accounting duties, including processing and approving financial transactions, ensuring accuracy and integrity of related data in the financial system, completing budget-to-actual expense analyses and reconciliations, and preparing financial reports and forecasts for submission to funding agencies;
- Review and interpret funding agreements’ terms and conditions to ensure eligibility of financial transactions and overall compliance;
- Prepare invoices to funding agencies and monitor aging to ensure accounts are collectible;
- Prepare inter-institutional transfer and/or invoicing agreements, ensuring compliant with funding agencies’ guidelines.
**Advising**:
- Determine requirements to ensure optimal client service delivery to the research community, providing appropriate guidance and advice to the research community on financial systems, university and/or granting agency policies and procedures.
**Analyzing**:
- Make independent decisions on best alternatives or solutions to a given problem, taking into consideration the risks and benefits of each;
- Monitor project spending, end dates and reporting deadlines and notify researchers of approaching deadlines
**Training**:
- Advise and train researchers and others on financial matters, funding agencies’ guidelines, financial terminology, standard accounting practices and Laurier financial systems and expense forms.
**Other**:
- Provide functional guidance to staff members, sharing knowledge of funding agencies’ terms, conditions and guidelines and eligibility of expenditures;
- Provide research compliance oversight;
- Make recommendations for changes and improvements, understanding risk and impact to the department or university.
**Qualifications**:
- University degree in Accounting, Finance, Business Administration or related field
- CPA Designation or working towards considered an asset
- Minimum of 5 years’ related experience, preferably in a large organization or university
- Advanced spreadsheet skills (Excel) and knowledge of other MS Office products (Work and PowerPoint) and ERP systems
- Exceptional attention to detail and accuracy while managing a high volume of work to meet deadlines
- Ability to continu
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