Financial Analyst

3 weeks ago

Cambridge, United States Smithsonian Astrophysical Observatory Full time

**Description**:
**OPENING DATE: May 17, 2024**
**CLOSING DATE: June 18, 2024**
**TYPE OF POSITION: Trust Indefinite (Non-Federal)**
**DIVISION: Budget and Financial Services (BFS)**
**LOCATION: Cambridge, MA**

**What are Trust Fund Positions?**

Trust Fund positions are unique to the Smithsonian. They are paid for from a variety of sources, including the Smithsonian endowment, revenue from our business activities, donations, grants and contracts. Trust employees are not part of the civil service, nor does trust fund employment lead to Federal status. The salary ranges for trust positions are generally the same as for federal positions and in many cases trust and federal employees work side by side. Trust employees have their own benefit program and may include Health, Dental & Vision Insurance, Life Insurance, Transit/Commuter Benefits, Accidental Death and Dismemberment Insurance, Annual and Sick Leave, Family Friendly Leave, 403b Retirement Plan, Discounts for Smithsonian Memberships, Museum Stores and Restaurants, Credit Union, Smithsonian Early Enrichment Center (Childcare), Flexible Spending Account (Health & Dependent Care).

**Conditions of Employment**
- Pass Pre-employment Background Check and Subsequent Background Investigation, as required.
- Complete a Probationary Period if applicable.
- Maintain a Bank Account for Direct Deposit/Electronic Transfer.
- Applicants must meet all qualification and eligibility requirements within 30 days of the closing date of this announcement.

**OVERVIEW**:
**_ INTRODUCTION_**
The Smithsonian Astrophysical Observatory (SAO) is at the forefront, internationally, of the scientific exploration of the universe. SAO combines its resources with those of the Harvard College Observatory to form the Harvard-Smithsonian Center for Astrophysics (CfA). The CfA is the best-known astrophysics center in the world. Its programs range from ground-based astronomy and astrophysics research to space-based research, the engineering and development of major scientific instrumentation for space launch and use in large ground-based facilities, and research designed to improve science education. The research objectives of SAO are carried out primarily with the support of Government and Smithsonian Institution funds, with additional philanthropic support. Government funds are in the form of Federal appropriations or the form of contracts and grants from other agencies. In contrast, Institution funds are available to SAO through grants from the Institution's Restricted Funds, Special Purpose Funds, Bureau Activities, Business Activities, and non-Federal contracts and grants.

**_PURPOSE_**
The purpose of the position is to provide comprehensive financial support, including analysis and reporting, support budget management function and provide accounting support. Additionally, the position serves as a resource to Observatory staff, providing guidance regarding the methods, techniques and policies that govern financial processes and reporting at SAO. This position will also support critical areas within the Budget and Financial Services and Business Operations Services Group and serve as a liaison to SAO Research Administration Services and Property & Procurement Department.

**MAJOR DUTIES**:

- Provides financial support, including analysis and reporting: supports the financial analysis and reporting function for various Institutional funding sources, monitors expenditures, reports on budget to actual activity, provides forecasting and trend analyses, and provides other tailored reporting necessary for evaluating the organization’s financial health, including performing reconciliations for various funds.
- Participates in the federal appropriation and trust fund budget formulation process by actively contributing to developing and coordinating information during the budget submission process.
- Supports the accounting function, which includes performing reconciliation of accounting information, reviewing procurement requests for allowability appropriateness of expenditures, and ensuring the expenditures adhere to budgeting limitations

**QUALIFICATION REQUIREMENTS**:
**Basic Requirements**:
**Knowledge, Skills, and Abilities required**:

- Advanced knowledge of the policies, precedents, goals, objectives, regulations, and guidelines of a functional area, such as financial oversight, budget formulation, and/or budget execution, sufficient to analyze and evaluate continual changes in program plans and funding and their effect on financial and budget program milestones; and analyze financial and budgetary relationships to develop recommendations for financial and/or budgetary actions.
- Working knowledge of Office of Management and Budget (OMB), OMB circular 2 CFR 200, Cost Accounting Standards (CAS), GAAP, SAO, and SI policies, processes, procedures, and regulations sufficient to issue instruction or guidance on financial matters affecting sponsored projects or division/department spend

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