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Construction Financial Analyst
2 months ago
Join a prestigious organization recognized for its commitment to excellence. Cedars-Sinai has been honored multiple times for delivering top-tier medical services. We offer a comprehensive benefits package that includes flexible paid time off, health and dental coverage, a 403(b) retirement plan, and competitive salary options. Experience why we are consistently ranked among the best healthcare institutions.
Key Responsibilities:The Construction Financial Analyst operates under the guidance of an Executive Director or designated supervisor, adhering to established financial management protocols for the Facilities Development Department. This role encompasses a variety of tasks related to the financial oversight of construction projects. Responsibilities include:
- Executing monthly financial closures for the cost accounting system.
- Accurately inputting all financial data related to construction projects into the existing accounting framework and addressing all inquiries from internal and external stakeholders.
- Conducting monthly project evaluations and forecasting costs.
- Meeting all departmental deadlines as required.
- Reviewing invoices to ensure compliance with contractual obligations and accuracy for all transactions.
- Maintaining and updating the vendor database.
- Preparing journal entries for month-end financial closure.
- Verifying authorization for ongoing projects.
- Establishing new project numbers for Facilities Service Requests (FSR) and coordinating with General Accounting for the assignment of Construction In Progress (CIP) numbers.
- Providing project managers and vendors with payment status updates and related information in accordance with departmental policies.
- Assisting in the preparation of documentation for departmental audits concerning construction progress and related financial data.
- Setting up budgets based on the submitted schedule of values and awarded CIP numbers, and creating a Project Task Summary accordingly.
- Establishing CSI codes to summarize costs for management, including permit fees, environmental impact studies, testing and inspection, architectural and engineering services, and overall construction costs.
- Creating vendor numbers as assigned by Accounts Payable.
- Reviewing Purchase Requisitions for completeness, ensuring accuracy of attached proposals and supporting documents, and verifying project details, CIP numbers, and approved budgets.
QualificationsEssential Requirements:
- High school diploma or GED is required; a Bachelor's degree in accounting, business, finance, economics, or a related field is preferred.
- A minimum of 3 years of progressive experience in construction accounting or facilities management, with a strong understanding of financial analysis and interpretation related to construction contracts, is required; 10 years of experience is preferred.
Job ID: 1503
Department: Construction
Business Entity: Cedars-Sinai Medical Center
Job Category: Finance
Job Specialty: Accounting
Overtime Status: EXEMPT
Primary Shift: Day
Shift Duration: 8 hours
Base Pay: $44.95
