Financial Management Associate II - TAS Finance New York - 00IOG

The Financial Management Associate II (FMA) is a dedicated resource who is an expert in the firm's engagement information management systems. While overall responsibility for engagement economics rests with the client serving executive (CSE), the FMA II both relieves the CSE of the effort associated with engagement information management (by independently managing the engagement information processes) and provides a ready resource for financial data and analysis. Specific duties and responsibilities include: establishing client and engagement records, developing and monitoring engagement economics, analyzing inventory levels, mentoring and training. Financial Assistants (FA), overseeing the collection of accounts and client invoicing, and creating ad hoc reports and analysis for their partner's portfolio. The clerical aspects of these responsibilities are typically carried out by FA's. Develops client economic measures. The FMA II works closely with the CSE to price the engagement and to develop the planned engagement measures (i.e., realization, profitability, etc.). As the engagement information management systems expert, the FMA II develops and monitors possible economic outcomes to be used in monitoring specific engagements. The FMA II monitors actual results against planned measures and informs both the CSE and the ADF of any material variances. This financial review is conducted on an ongoing basis and includes analyzing project time and expense charges, completing any corrections, analyzing interoffice purchased time, initiating debit/credit memos as required, and challenging engagement ERPs and reserve balances. The FMA II monitors client invoicing and collections and proactively encourages billing for 'out-of-scope' work. Exhibits