Posting Title

Financial Analyst III/IV - Lab Support

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Location

CO - Golden

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Position Type

Regular

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Hours Per Week

40

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Working at NREL

The National Renewable Energy Laboratory (NREL), located at the foothills of the Rocky Mountains in Golden, Colorado is the nation's primary laboratory for research and development of renewable energy and energy efficiency technologies.

Join a team of world-class scientists, engineers, and visionaries dedicated to shaping the world’s energy future through cutting-edge research and innovation. From our vision to our NREL community, we are unique in the research community. We are focused on impact. From our work in basic sciences to systems engineering, analysis, demonstration, and deployment, we are focused on solving market-relevant problems that result in advanced, secure, reliable, and affordable energy systems. We are trusted clean energy leaders, developing cost-saving solutions that make U.S. industries more competitive, and support job creation and economic growth across rural and urban communities.

At NREL, we offer a unique, mission-driven work environment with cutting-edge facilities and multidisciplinary research teams. NREL's environment offers strong partnerships with industry, academia, and other national laboratories, as well as professional development opportunities and a competitive benefits package for employees.

Learn about NREL’s critical objectives: NREL's Mission and Vision.

Job Description

Provide financial management support to the Chief Financial Officer and other laboratory business leaders, program managers, project managers, and other NREL staff. Work within a dynamic Chief Financial Officer (CFO) organization closely collaborating with other financial analysts and managers in other groups to solve complex financial planning, programming, budgeting, and execution tasks, as well as improve institutional processes.

Budget Formulation and Planning:

• Support the annual NREL financial planning process by assisting NREL program, project and/or center leaders with the formulation of financial estimates and impacts, and the development of the annual indirect cost rate proposal.
• Provide support to business leaders to formulate budget requirements and assess affordability.
• Review and approve new proposals and prepare the corresponding cash flow analysis for DOE Funding Opportunity Announcements (FOAs) and Strategic Partnership Projects
• Monitor and evaluate reasonableness and accuracy of financial plans and coordinate needed updates.
• Identify risks, issues and needed actions to leaders.

Funds Allocations and Analysis:

• Coordinate the allocation of funding or budgets with applicable business leaders.
• Perform cash flow analysis to determine funding needs for successful project execution.

Project/Budget Execution:

• Develop monthly financial performance reports for assigned programs, projects, and centers.
• Perform plan to actual variance analyses and discuss issues and necessary actions with applicable leaders.
• Communicate financial planning requirements and deadlines to all customers.

Finance Policies and Procedures:

• Provide financial guidance to assigned programs, projects and centers including assessments on the allowability of cost in accordance with Cost Accounting Standards, FAR Part 31, DOE Prime Contract terms, and the agreed scope of work.
• Support Laboratory policies, laws, and regulations by assisting program, project and center staff in their understanding of financial management responsibilities.

Financial Administration:

• Maintain updates to cost breakdown structures using the Oracle Project Accounting system.
• Create, support, monitor, and update various time-phased budget plans.
• Assist the assigned Center/Office directors, task leaders, and service center managers with financial management, budget development and formulation, budget execution, proposal pricing, budget monitoring and understanding cost reports.
• Execute and/or approve expense transfer or funding-related transactions in Oracle EBS.
• Monitor, track and analyze components of the Lab’s overhead rate structure.
• Identify creative solutions for effective cost recovery that are compliant