Job Description
Position: Junior Financial Analyst
Location: Washington DC
Clearance Requirement: TOP SECRET (Active)
Summary: The Financial Analyst performs complex data modeling and financial analysis. The Financial Analyst gathers, interprets, and evaluates financial information and develops recommendations to achieve the Unit and/or Sections financial objectives. Performs a variety of budgetary functions implementing the organizations budgetary program, policies, and procedures. Provides support in the areas of budget, billing, reporting and financial management for initiatives of various projects, Units and Sections. Provide insight on financial trends, suggest optimization strategies, and offer insight into potential business models. The Financial Analyst support consists of Senior Financial Analyst, Intermediate Financial Analyst and Junior Analyst.
Work Description: - Develop and assist in the management of annual budgets for operating and capital expenses.
- Provide information to management by assembling and summarizing data; preparing reports; making presentations of findings analyses and recommendations.
- Calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.
- ssist in the development of plans and budgets for operating and capital expenditures.
- Forecast management plans and prepares monthly performance, explaining variances.
- ssist in determining financial consequences of alternative methods, plans and strategies.
- Develop, formulate, and revise budget request from various Programs, Units and Sections.
- Consolidate the accuracy of budget estimates using statistical techniques (extensions, averages, trend analysis of historical data, etc.). Monitors and tracks obligations and expenditures for assigned activity accounts on related budgetary forms, schedules, and reports.
- Verifies that obligations and expenditures occur on a timely basis in accordance with the annual spend plan and regulatory contracts and are within amounts programmed.
- Develop corrective financial action plans, as required, that support project policies, procedures, and goals.
- Participate in change management and contingency management processes.
- Prepare budget and cost reports for submission to management.
- Review cost data with management and coordinate resolution of concerns with other team members.
- Determining solutions and/or implementing enhancements to implementing enhancements to improve business intelligence reporting.
- Identifies and proposes solutions to management problems characterized by their breadth, important, and severity.
Junior Financial Analyst Qualifications: The Junior Financial Analyst shall have the following qualifications:
- Bachelors degree from an accredited university or college with two (2) years or more of financial analyst, budget formulation and budget execution experience. Educational requirement may be waived if the candidate has five (5) or more years of experience. Two (2) years or more experience in performing financial calculations such as time Value of Money, Annual Net Present Value, Internal Rate of Return, Periodic Amortization, and using financial calculator and excel spreadsheets.
- Two (2) years or more experience calculating complex figures, forecast and prepare budgets and conducts financial/business analysis including the preparation of reports.
- Two (2) years or more of experience analyzing and applying problem solving methods to identify complex problems, draw conclusions, make recommendations, and provide solutions to improve efficiency and effectiveness.
- In-depth knowledge of financial terms and principles.
- bility to calculate financial figures such as percentages, discounts, and commissions.
EEO: It is the policy of Merit321 to provide equal opportunity in recruiting, hiring, training, and promoting individuals in all job categories without regard to race, color, religion, national origin, gender, age, disability, genetic information, veteran status, sexual orientation, gender identity, or any other protected class or category as may be defined by federal, state, or local laws or regulations.
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