Financial Management Associate I-00800

Description The Financial Management Associate I (FMA I) is a dedicated resource who is expert in the firm's current engagement information management systems. While overall responsibility for engagement economics rests with the client serving executive, the FMA I both relieves the client serving executive of the administrative responsibilities associated with engagement information management and provides a ready resource for financial data and analysis. Specific duties and responsibilities include: establishing client and engagement records, monitoring inventory levels, initiating client invoicing, and overseeing the collection of accounts. May delegate work to a financial assistant.

Responsibilities

The FMA I works closely with the client serving executive to establish new clients and engagements. Assists the client serving executive in preparing documents for the client acceptance and investigation processes; reviews the engagement letter/letter of understanding and other information to collect accurate data for client and engagement setup; and determines the billings and collections best practice for each client engagement.

Initiates client invoicing and monitors collections. Working with the client serving executive, the FMA I schedules and initiates client invoicing, proactively encourages billing for 'out-of-scope' work, monitors client collections, and follows-up on past due invoices. The FMA I streamlines and standardizes the billing and collections processes in order to minimize revenue days.

Analyze inventory balances - the FMA I monitors inventory levels and reports large aged balances to the client serving executive and the Area Director of Finance. The FMA I should be knowledgeable of the reasons for the large balances and work with the client serving executive to minimize balances.

Special Projects/Ad hoc requests - the FMA I gathers and interprets data and provides analysis upon request. This includes all forms of financial, profitability and exception reporting.

Vacation generally can not be taken during the year end process (June timeframe).

Qualifications

To qualify, candidates must have:

*
a bachelors degree or equivalent work experience
*
approximately 1-2 years work experience in a professional atmosphere in a financial/business capacity