Financial Operations Analyst

The Financial Operations Analyst at The Ohio State University holds a pivotal role in providing procurement, budgeting, and financial analysis support to the Department of Pathology. This includes conducting variance analysis, managing relationships with service center staff, ensuring compliance with university policies, and gathering data for audits. The analyst works closely with finance teams to streamline fiscal processes and improve financial operations across various funds.

To qualify for the Financial Operations Analyst position at The Ohio State University, candidates must possess a Bachelor’s Degree in business administration, accounting, or a related field. Additionally, a minimum of two years of financial management experience is essential, preferably within a university or academic medical center. Knowledge of accounting principles, strong quantitative skills, and proficiency in Microsoft Excel are also required.

The Financial Operations Analyst contributes by providing essential financial support that allows the Department of Pathology to operate smoothly. This includes analyzing financial data, identifying cost reduction opportunities, and providing insights that influence budgeting decisions. The analyst also serves as a vital liaison between departments, managing procurement and travel transactions, to ensure compliance with policies and facilitate efficient operations.

Success as a Financial Operations Analyst at The Ohio State University relies on a blend of analytical and technical skills. Candidates should have a solid grasp of financial management principles, advanced proficiency in Microsoft Excel, and effective communication abilities. Familiarity with fiscal processes and compliance measures is crucial, as well as the capacity to manage projects collaboratively with finance teams and department managers.

The work environment for a Financial Operations Analyst at The Ohio State University is collaborative and academically focused. Analysts work closely with finance professionals in a dynamic medical center, engaging with various teams to meet budgetary and operational goals. This open environment encourages learning, communication, and the sharing of ideas, creating a rewarding workplace for those passionate about making a difference in healthcare finance.

To address this question, highlight your previous experience with reconciling financial discrepancies, describing the methods you used to identify issues and how you solved them. Emphasize your attention to detail and your familiarity with accounting software, as well as your understanding of the audit process.

When faced with this question, share a specific example where you analyzed data and spotted potential cost-saving measures. Describe the steps you took to present your findings and how your recommendations led to tangible improvements in budget management.

In answering this question, discuss your approach to staying informed about financial policies within the institution, emphasizing your diligence in training staff and your ability to implement compliance measures in everyday financial operations.

Open up about your proficiency with tools like Microsoft Excel, Workday, or other financial software you have used. This is an opportunity to discuss the advanced functions you are familiar with, such as pivot tables or financial forecasting models.

Here, share a project that posed challenges, explaining the context, your role, and the steps you took to overcome obstacles. Highlight your problem-solving skills and adaptability, as well as any collaboration with team members to achieve goals.

When responding, discuss your time management strategies, such as creating to-do lists or using software tools to stay organized. Explain how you assess the urgency and importance of each task and how you communicate with stakeholders about deadlines.

Mention specific strategies, like reviewing past budget reports, analyzing spending patterns, and engaging department heads in budgeting discussions to ensure accuracy. Explain how you use this information to forecast future financial needs strategically.

In your response, describe your commitment to ongoing education through professional development, attending workshops, or subscribing to reliable finance publications. Emphasize your proactive approach to integrating new regulations into financial practices.

Here, express your understanding that a Financial Operations Analyst is crucial for maintaining fiscal health, ensuring compliance, and maximizing funds allocated to vital health programs. Discuss the importance of accurate reporting and analysis in supporting organizational goals.

This is your chance to showcase your impact. Share an example where your financial analysis played a key role in guiding management decisions. Focus on how your insights led to improved financial outcomes or strategic shifts.