The Financial/Budget Analyst will provide both ongoing and ad hoc financial analysis and monthly monitoring of University Services and department operating performance, produce regular reports on operating results and provide insight and recommendations to the Senior Finance Officer for projections and budgeting. The individual will prepare periodic accounting entries such as journals, to correct worktags, process transfers between departments, etc. With guidance and direction from the Senior Finance Officer, the individual works with various departments in University Services (including Service Center and non-Service Center departments) to help explain variances and to seek further information regarding operating results. S/he assists in the preparation of the month end close memo, performs ad-hoc complex financial analyses including operating results reviews, fund balance monitoring, the development of projections (including complex salary/fringe projections, endowment projections, revenue projections), and general reviews of areas of concern.
The individual will assists the Senior Finance Officer in building the annual 5 Year Financial Plan for University Services. He/she will also assist with monitoring the Workday Position Budget for University Services, creating FTE and headcounts models, and maintain internal departmental salary rosters.The position will play a key role in campus wide financial implementation and strategy and will work with the Senior Finance Officer in key strategic areas to prepare annual and long-range operating budgets.
The Financial/Budget Analyst will also assist with sponsored program budget development and reporting. He/she will also assist with the maintenance of University Services chart of accounts and will prepare requests for new worktags and will assist with GMS role change requests. Duties include but are not limited to:
Ongoing Monitoring of Financial Performance
- Assists the Senior Finance Officer in continuously monitoring University Services departmental Operating performance, including revenues, expenditures and transfers, to ensure that they remain within planned levels.
- Notifies the Senior Finance Officer of any significant variances and assists in developing revisions to projections.
- Assists in the production of the monthly closing analysis report and memo.
Ad Hoc Financial Analysis
- Conducts special analysis when required on topics related to University Services operating performance and works to improve the budgeting and resource allocation processes.
- Provides advice and direction to departmental budget officers concerning university-wide budget policies and procedures. Produces analysis for specific programs and initiatives; assists in the production of the University Services submission to the Annual Financial Report.
Support for Financial Plan Development
- Assist in the preparation of the Financial Plan. Assists in the production of the supporting schedules and analysis included in the financial plan (including endowment revenue, financial aid, salary/fringe projections, and special fund projections); produce any other supporting reports and analysis as needed for the development and production of the Financial Plan.
Position Budget and Roster Management and Other Duties
- Assists with monitoring the Workday Position Budgets for University Services. Prepares Position Budget Amendments as needed. Maintains departmental salary rosters to correctly monitor salary/fringe commitments.
- Prepares periodic correcting accounting entries such as journals; May serve as a backup for the University Services Finance CFO role in GMS (held by the Senior Finance Officer).
- Prepares budget amendments as directed; Prepare GMS Chart of Accounts maintenance forms and GMS role change forms as necessary; Prepare sponsored program budgets/reports; Other duties as assigned.
- Bachelor's Degree
- Three to five years of professional experience in performing complex financial analysis, budgeting and forecasting
- Strong working knowledge and experience in MS Excel (pivot tables, formulas), Word and PowerPoint
- Knowledge of Cognos is preferred, but is not required
- Knowledge of principles and practices of budgeting and fund accounting as well as experience in higher educational organization are preferred
- Posses appropriate skills to maintain control over all current projects/responsibilities and follow up on all relevant issues
- Able to reason, compare, understand, and think rationally on the job
- Make quality work related decisions based on sound conclusions/data; able to separate facts from opinions; meet deadlines and follows instructions
- Strong communication, interpersonal, and presentation skills are strongly preferred
- Ability to prioritize projects, collaborate with multiple clients, complete most tasks with minimal guidance and ability to meet stringent deadlines in high pace environment is highly desirable
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