Job Information
Massachusetts Institute of Technology Senior Financial Administrator in Cambridge, Massachusetts
Senior Financial Administrator
Job Number: 24289
Functional Area: Finance/Accounting
Department: Open Learning, Supporting Unit, Bus/Ops
School Area: Office of Provost
Employment Type: Full-time (Hybrid)
Employment Category: Exempt
Visa Sponsorship Available: No
Schedule: M-F
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Job Description
SENIOR FINANCIAL ADMINISTRATOR, Open Learning, to lead the development of annual budgets and quarterly forecasts, assist with preparing financial presentations, and serve as a resource for business units on transactional inquiries and financial/budgetary question. Will work closely with the financial operations team and ensure the support of day-to-day financial operations and internal controls, including reviewing and approving financial transactions such as requisitions, RFPs, travel vouchers, credit card charges, journal vouchers, and billing; produce financial reports, including annual, quarterly, and ad hoc, to monitor the financial performance of the business unit and individual projects; identify and develop various financial analyses that identify trends and recommendations to help inform decision-making; perform financial modeling of new initiatives, staffing, sustainability, etc., and identify areas of potential cost savings; track and communicate performance metrics and trends to provide valuable insights; effectively communicate financial reporting to project leads through ad hoc and quarterly reporting and forecasting; process budget revisions as needed; strategize with business unit and project leads on resource allocation and effort/salary allocations across projects and coordinate changes to payroll; and assist units with financial reporting requirements to various funding organizations, including progress reports. A full job description is available here (https://openlearning.mit.edu/jobs) .
Job Requirements
REQUIRED: bachelor’s degree, preferably in finance or a related field; at least five years of relevant experience; working knowledge of budget management, financial analysis, financial modeling, and accounting principles; and problem-solving and analytical skills. Job #24289-8Salary range: $80,000 - 100,000, final salary determined by MIT’s compensation team based on the skills and experience of the person hiredEmployment is contingent upon the completion of a satisfactory background check.8/5/24