Hyde Park Campus
40641 Finan Plan/Budget
About the Unit
The Budget Office is responsible for the development and monitoring of the portion of the University of Chicago budget ($1.7 billion) not associated with the Hospital, the Biological Sciences Division, or the Marine Biological Laboratory. The University Budget Office is also responsible for oversight of the $325 million annual capital budget and annual updates to the rolling 10-year financial model. In addition to these core duties, the unit provides financial analysis on a wide range of subject matters including total student charges, research performance, and enrollment trends.
*Please read the following Job Description thoroughly. Candidate who do not submit all required documents will not be considered further for this position.
The Financial Analyst will provide analytic and project management support for the University of Chicago Budget Office, which reports directly to the Provost. The Financial Analyst will work collaboratively with financial managers and experts throughout the University, including academic and administrative unit financial leaders, Financial Services staff, and the University Financial Planning and Analysis group. The Financial Analyst will serve as the primarily financial liaison to the Budget Office for assigned units and will be responsible for providing those units with budget development and financial management support with annual and monthly University budget processes. The Financial Analyst will also support the development and integration of university-wide financial data analytics and reporting, with a focus on the development of a common set of metrics and methodologies for evaluating both University and unit-specific financial performance.
The Financial Analyst's key tasks will include the following:
- Serves as the primary Budget Office liaison to financial administrators in several University units as assigned.
- Assists in the development of operating budget targets for major units and reviews submitted budgets for completeness, accuracy, and compliance with University budget procedures.
- Works closely with units to understand actual to budget variance and develop recommendations for programmatic changes or cost containment strategies to avoid deficits.
- Assists in the development, interpretation and implementation of highly complex financial/accounting concepts and advanced techniques for financial planning and forecasting.
- Performs business case analyses and provides quantitative modeling support for various financial management projects in the Budget Office and the Office of the Provost.
- Prepares presentations to convey financial and administrative matters to leadership and members of the University community.
- Creates financial models that employ scenario analysis for future University planning and budgeting decisions.
- Develops and implements metrics and methodologies toolkits for evaluating financial performance for both the University and specific administrative and academic units.
- Coordinates with all levels of management and individuals across the University to gather, analyze, summarize, and prepare recommendations regarding financial plans, operating forecasts and other complex financial matters.
- Builds and maintains complex financial models using Excel, Hyperion, and other analysis and reporting tools and systems as necessary.
- Works closely with information technology staff to improve budgeting and financial reporting systems and tools.
- Participate in use case testing for changes to university budgeting and financial management systems and works closely with information technology staff to support design and implementation efforts for future systems.
- Analytical thinking
- Teamwork and collaboration
- Communicating effectively
- Detail oriented and results driven
Education, Experience, and Certifications:
- Bachelor's degree required
- Bachelor;s degree in accounting, finance, or equivalent preferred
- Master's degree in a related field preferred (MBA, MA/MPP, Master of Accounting, MS in Finance, Statistics, etc.)
Technical Knowledge or Skills
- One to three years' experience required. Previous experience in accounting, finance, or a related field preferred but not required
- Demonstrated analytical and quantitative modelling abilities
- Strong interpersonal, verbal, and communication skills
- Excellent computing skills with strong proficiency in Microsoft Excel and PowerPoint
- Experience with database software applications and statistical analysis tools
- Ability to work closely and effectively with senior University officials and colleagues in the Budget Office, Office of the Provost, and Financial Services
- Ability to independently complete projects on time and accurately with minimal supervision required
- Cover Letter
NOTE: When applying, all required documents MUST be uploaded under the Resume/CV section of the application
Depends on Qualification
Scheduled Weekly Hours
Job is Exempt?
Drug Test Required?
Does this position require incumbent to operate a vehicle on the job?
Health Screen Required?
Remove from Posting On or Before
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