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Senior Financial Management Analyst - Financial Analysis

Employer
Washington Metropolitan Area Transit Authority
Location
Washington D.C
Closing date
Aug 14, 2022

Job Details

Sr. Financial Management Analyst Marketing Statement:

The Washington Metropolitan Transit Authority is seeking an experienced and confident Sr. Financial Management Analyst with exceptional problem-solving skills, critical thinking and listening skills, track record of creating summarized financial data used by higher management for business decisions. Applying extensive knowledge of GAAP, ledger procedures and accounting principles to meet business requirements, while utilizing information management skills to ensure accurate reports. Strong data analytical skills and previous reporting experience in the Federal Transit Administration "FTA"'s National Transit Database "NTD" (preferred). Detail oriented and time management skills. Exceptional interpersonal skills enabling the building of a cohesive relationship with team members, other departments and external agencies as the FTA and develop an accurate and organized reporting track for timely NTD reporting.

Minimum Qualifications

Education
  • Bachelor's degree in Business Administration, Finance, Accounting, or a related field

Experience
  • A minimum of eight (8) years of experience in the development, administration, measurement, communication and execution of financial information, to include a minimum of six (6) years of experience using automated accounting systems in a governmental or commercial accounting environment
  • Experience in financial reporting, analysis and the development and presentation of financial information
  • Experience in US GAPP, as applicable to governmental entities

Certification/Licensure
  • N/A

Preferred
  • Experience
    • Expertise with PeopleSoft Financials, Oracle and Cognos
    • Experience with the preparation of an annual CAFR
  • Certification
    • Continuous improvement training such as Six Sigma, Lean Six Sigma, and demonstrable project management experience
    • Training and certification as a Project Management Professional (PMP)

Medical Group

Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

Job Summary

The Senior Financial Management Analyst-Accounting facilitates a defined course of action for financial projects, interprets complex Generally Accepted Accounting Principles in the United States (US GAAP) and applies standards applicable to financial statements and audit reports. The incumbent reviews, analyzes and develops recommendations to support actions, policies, and management decisions pertaining to complex budget or accounting and auditing issues. Develops alternative methods to operational strategies that benefit the Authority. Develops and implements remediation activities to address audit findings; and formulates communications, procedures and guidelines. The Senior Financial Management Analyst works closely with management and is privy to sensitive and/or confidential information. The privileged information supports meaningful analyses and forecasts of Washington Metropolitan Area Transit Authority (WMATA)'s financial standing. The data includes but is not limited to, assumptions, revenue, expenses, staffing, procurement, and forecasting.

Essential Functions
  • Ensures, in accordance with US GAAP on a periodic, monthly, quarterly, annual, ad-hoc and multi-year basis, the proper accounting and financial reporting of financial transactions. Ensures coordination and consistent treatment of financial information that affects the authority's financial statements. Develops practices and procedures to ensure that accounting activities are made in a manner that is consistent with the overall financial objectives set forth for the Authority, such that financial reporting of actual activities can be measured against approved financial plans, budgets, or another source document.
  • Works directly with external independent financial statement auditors and assists with the preparation of the annual Comprehensive Annual Financial Report (CAFR), including the related disclosures, in accordance with US GAAP.
  • Coordinates, directs, executes and provides guidance to other professional staff in activities associated with the development and implementation of financial reports, including budget variance, capital program activity, reimbursable projects, National Transit Database (NTD), interim financial statements, and other management reports. These activities include preparation of summary and detailed reports in accordance with WMATA policies and procedures, external stakeholder requirements, and US GAAP; maintaining appropriate supporting documentation; and performing financial analysis, including reconciliation/variance analysis explanations and resolutions; and developing presentation materials for various audiences.
  • Accurately accounts for and reports on the Authorities trust fund and dedicated funding activities. Establishes and maintains liaison with Authority officers and senior management, as well as senior staffs and auditors of Federal, state, and local jurisdictional agencies.
  • Works closely with Office of Management and Budget Services (OMBS) and other Accounting (ACCT) personnel to plan, design, and/or execute processes, systems, and tools for accurate and timely execution and delivery of business and financial analyses, trends and forecasts, and financial reports.
  • Works with staff to develop and produce meaningful and automated performance metrics to measure program delivery and report on program success and opportunities for improvement.
  • Supports the preparation of Accounting's Business Plans and other multi-year planning documents. Works collaboratively with OMBS and other departmental staff to analyze information incorporated in management and financial reports. Monitors, evaluates and reports on the implementation of the Authority's Business Plan to ensure that the plan's objectives are being met.
  • Provides input and supports the development of oral, written and visual presentation materials for management, audits, Board Committees, and other audiences by presenting and justifying results of analyses.
  • Effectively develops and implements appropriate corrective actions resulting from deficiencies and/or recommendations identified from internal audits, Office of the Inspector General (OIG) reports, external financial statement audits, Single Audits, and other compliance auditors of federal grant programs.
  • Works with OMBS to develop statistical models for evaluating the financial impact of internal and external variables on certain initiatives, strategies, risks, and the financial health of the Authority. Develops and recommends alternatives and options for management consideration.
  • Analyzes and ensures accuracy of transactions occurring between processes and systems. Accurately, timely, and thoroughly identifies and resolves differences resulting from reconciliations and initiates, or facilitates, correcting adjustments, when necessary.
  • Develops, coordinates, and oversees the publishing of periodic and ad-hoc custom reports for distribution throughout the Authority.
  • Manages and leads staff in professional financial research and statistical analysis work required for measuring potential financial impact on Authority initiatives. Reviews work, trains, and provides instructions and guidance to lower level and/or represented staff.
  • Identifies breaks in controls or inefficient processes and proactively proposes solutions to management to resolve them.
  • Leads project management teams in planning, developing, organizing, coordinating and monitoring the efforts to meet office objectives. Establishes project timelines and ensures the effective utilization of resources. Provides periodic status reports.

The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:
  • Skills and/or behavioral assessment
  • Personal interview
  • Verification of education and experience (including certifications and licenses)
  • Criminal Background Check (a criminal conviction is not an automatic bar to employment)
  • Medical examination including a drug and alcohol screening (for safety sensitive positions)
  • Review of a current motor vehicle report

Closing

WMATA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview

Company

The Washington Metropolitan Area Transit Authority operates the second largest rail transit system and the fifth largest bus network in the United States. Safe, clean and reliable, "America's Transit System" transports more than a third of the federal government to work and millions of tourists to the landmarks in the Nation's Capital.

Metro has earned a worldwide reputation for security and architectural beauty. WMATA is clearly the employer of choice for over 10,000 area residents. The Authority was created in 1967 by an interstate compact to plan, develop, build, finance and operate a balanced regional transportation system in the National Capital area. Construction of the Metrorail system began in 1969. Four area bus systems were acquired in 1973. The first phase of Metrorail began operation in 1976. The final leg of the original 103-mile rail network was completed in early 2001. Metrorail now operates 83 stations. One line extension and three new stations are now under construction.

Metrorail and Metrobus serve a population of 3.4 million within a 1,500-square-mile area. The transit zone consists of the District of Columbia, the suburban Maryland counties of Montgomery and Prince George's and the Northern Virginia counties of Arlington, Fairfax and Loudoun and the cities of Alexandria, Fairfax and Falls Church. Overall, about 40 percent of the region's residents commute to work on Metro.

Metro and the federal government are partners in transportation. Half of the 83 Metrorail stations serve federal facilities and 36 percent of the local federal workforce uses Metro. We are committed to being an integral part of the Washington metropolitan area by ensuring the best in safe, reliable, cost-effective and responsive transit services, by promoting regional mobility and by contributing toward the social, economic and environmental well-being of our community. Employees are Metro.; We are committed to providing a working environment that fosters a high standard of performance, recognition for contributions and innovations, mutual respect and a healthy quality of life.

We are committed to developing ourselves through technology, training and education. We recognize our diversity as a source of strength that enables us to attain individual and Authority goals. In addition to competitive salaries, Metro employees enjoy a number of attractive benefits. These benefits include paid time off in the form of vacations, holidays and sick leave; medical, dental, life insurances as well as long term disability. Retirement is planned for through a defined contribution plan and a deferred compensation plan. Alternative work schedules, teleworking and free transportation on Metrorail and Metrobus make for an great benefits package for WMATA employees.Jump to our website to apply online for current openings and save the link for future vacancies as they occur.http://content.wmata.com/jobs/employment_opportunities.cfm

 

 

Company info
Website
Location
600 Fifth St. NW
Washington
DC
20001
US

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