Financial Analyst

Job Overview

The Graduate Center is the focal point for advanced teaching and research at The City University of New York (CUNY), the nation's largest urban public university. With over 35 doctoral and master’s programs of the highest caliber, the Graduate Center fosters pioneering research and scholarship in the arts and sciences and prepares students for careers in universities and the private, nonprofit, and government sectors.

The Graduate Center’s commitment to research and scholarship for the public good is exemplified by its more than 30 centers, institutes, and initiatives, including its Advanced Science Research Center (ASRC). CUNY values diversity and invites applications from underrepresented groups who will enrich the research, teaching, and service missions of the university.

The Financial Analyst reports to the Accounting and Reporting Manager and is primarily responsible for all financial analysis, statement preparation, and accounting for the Graduate Center and related entities. Working under the direction of the Accounting and Reporting Manager, the role analyzes, records, and reconciles transactions for revenue, accounts receivable, and billing. The analyst serves as the point person within the Business Office for Adult Continuing Education, all revenue accounting (excluding Tuition and Fees), non‑tax levy activities in the Graduate Center, related entities, centers and institutes, and the Graduate Center Foundation.

• Reviews, monitors, and processes a variety of financial transactions.
• Processes and prepares journal entries for cash receipts, contributions, pledges, gifts, trusts events, and other revenue streams for non‑tax levy and related entities.
• Analyzes account balances for balance sheet and income statement accounts to ensure accurate balances.
• Prepares analyses and reports as needed by department, customers, or management.
• Ensures compliance with current accounting, state, and federal regulations in accordance with Generally Accepted Accounting Principles under both FASB and GASB.
• Responds to inquiries from students, faculty, staff, fund managers, and other interested parties in a timely manner.
• Maintains current list of authorized fund managers and liaises with the Provost Office to update it once a semester.
• Prepares and distributes monthly fund reports.
• Prepares financial reports for board meetings of related entities.
• Prepares monthly bank reconciliations for all cash, money market, and investment accounts and any necessary accounting entries.
• Reviews outstanding accounts receivable balances for all revenue sources and ensures timely collection of outstanding balances.
• Maintains accounting records through filing, retrieval, retention updating, and archiving in accordance with the College and CUNY Records Retention Policy.
• Prepares billing, accounts receivable, and revenue transactions for the Graduate Center and all related entities using CUNYfirst.
• Reconciles ACE revenue and cash balances between the local account and amounts held at the state and in the University’s Financial Reporting System IFR accounts.
• Enters banking transactions in the cash management system.
• Assists the manager with monthly and ad‑hoc reports and analyses, year‑end close and audits.
• Assists with the preparation of financial statements, notes, and management discussion and analysis.
• Assists with preparing budgets and forecasts for non‑tax levy and related entities.
• Assists Accounts Payable for coverage of vendor management duties during staff vacations and leaves.
• Assists with system upgrades and special projects.
• Develops fund reports for tax levy and non‑tax levy/related entities.
• Liaises with students, faculty, and staff throughout the college for non‑tax levy and related entity activities.
• Performs other duties as assigned within the scope of this classification.

• Maintains financial accounts for income and spending; administers allocation of funds.
• Analyzes spending, income trends and usage to recommend improvements.
• Manages collection of revenue and accounts receivable.
• Tracks and maintains financial data to provide fiscal reports to management; produces forecasting…