Financial Analyst, Budget & Reporting Specialist

Department: Costello College of Business

Classification: Financial Svcs Specialist 1

Job Category: Classified Staff

Job Type: Full-Time

Work Schedule: Full-time (1.0 FTE, 40 hrs/wk)

Location: Fairfax, VA

Workplace Type: Hybrid Eligible

Sponsorship Eligibility: Not eligible for visa sponsorship

Pay Band: 04

Salary: Salary commensurate with education and experience

Criminal Background Check: Yes

About the Department:

The Donald G. Costello College of Business at George Mason University is one of the largest business schools in Virginia, andis located near Washington, D.C., in Arlington and Fairfax, and at George Mason’s global campus in Incheon, South Korea. The college’sAACSB-accredited business and accounting curricula prepareundergraduate and graduate students from the U.S. and across theglobe for career success in business and government.

Itsresearch-based faculty and focus on multi-disciplinary academic programs, inclusive entrepreneurship, modular education,experiential learning, and corporate partner engagement aretransforming the landscape of business education and workforce development.

Learn more at business.gmu.edu.

About the Position:

The primary purpose of the Financial Analyst is to assist the Senior Director, Finance and Administration in management of financial resources to the highest and best use for the College andto ensure compliance with all state and university policies and procedures. Primary job duties include processing financial transactions, reconciliations, monthly and annual financial reporting and analysis, and support of the budget development process.

Responsibilities:

Financial Reporting and Analysis:

• Assist the Senior Director, Financial and Administration withgeneration of monthly financial reports for Costello as a whole, aswell as individual departments and programs within the college;
• Assist with ad hoc analysis of financial areas within the college as needed;
• Assist in the preparation of annual financial statements and budgets;
• Track enrollment and the related financial impact of revenuedistributions in the new budget model, as well as direct revenuesthat fall outside of the new model (i.e., Risepoint, course fees,rollover, etc);
• Track instructional costs and ensure the faculty teaching loadcan be allocated in annual financial statements;
• Track operating budget usage during the fiscal year and projectusage;
• Prepare budget development templates and assist in loading the developed budget into the universities budget development systemeach year;
• Monitor financial activity to ensure that activity meetsplanned expenditures and is in accordance with state and university policies and procedures;
• Support the tracking of ad hoc manual budgets such as startupobligations that spread over multiple years, distributing cost ofspace between Costello functions, building operational projects,new program with initial financial investments, foundation annualbudgets, etc; and
• Assist with other duties as assigned to ensure efficient operation and oversight of fiscal resources for the Costello College of Business.

• Process personnel and financial transactions using universityprocesses to ensure charges are made to appropriate accounts and organizations to include:
  • processing of journal vouchers, scholarships and grants,position labor distributions, future funding forms, and other transactions to ensure costs are aligned with the appropriate cost centers in the college’s financial records;
• Submit position maintenance forms, position control, or labordistribution forms as needed to ensure correct budget, orgassignments, and salary payments are reconciled to correct orgs andno over/under payments are made; and
• Ensure approved grant labor is correctly aligned with grantbudgets on a monthly basis.

• Complete reconciliations on assigned orgs and funds on amonthly basis and ensure any corrective actions are taken in atimely manner and in accordance with the university policytimeline; and
• Work with team members as needed to ensure all revenue, labor,and expense reconciliations are completed in a timely and accurate manner.

• Manage all reporting assignments…