Senior Budget Analyst II

About the Job

Working Title: Senior Budget Analyst II

Job Classification: 9345BA - Fin Dir 1-Bdg & FPA

Salary Range: $158,400 - $186,000

Position Overview:

The University of Minnesota Budget Office seeks a Senior Analyst to serve as a strategic financial leader responsible for revenue and cost forecasting/planning, data and budgetary analysis, institutional reporting, and financial oversight and monitoring of the institution and individual units. This position yields a high degree of autonomy and is viewed as a collaborator and advisor to all units and senior level leaders in order to carry out essential budgetary processes impacting all five University of Minnesota campuses.

This position reports directly to the Vice President & Budget Director.

Responsibilities include but are not limited to:

Annual Operating Budget Development (35%):

• Conduct university and unit-level analyses to support the development of the annual operating budget; develop summary documentation to assist executive level leaders throughout the decision-making process.
• Expert on policies and best practices for tuition revenue forecasting; lead the central tuition estimating process; evaluate and track unit-level tuition projections.
• Maintain and further develop processes for tracking and reporting unit-level data submitted through the budget process.
• Expert on the cost allocation model. Coordinate and analyze statistics and other data used for the University's cost allocation model and process.
• Develop and write communications and other documents, such as annual operating budget instructions, President's proposed operating budget, communications to the units and other audiences, etc.

Unit Consultation and Support (30%):

• Maintain policies related to financial management. Coordinate with Policy Office, rewriting and reviewing with stakeholder groups.
• Coordinate and consult with Chief Financial Managers on carry forward and structural balances and conduct in-depth financial assessments of Resource Responsibility Centers. Provide reports to university and unit-level leaders.
• Coordinate with units to analyze and address issues related to fees, tuition rates, waivers, etc.
• Support chart-of-account (COA) maintenance with Accounting Services and other units, including unique accounting situations, system set up and maintenance, reporting, helpline tickets, department , etc.
• Coordinate and develop documentation and training opportunities and materials on the University's budget and budget-related topics.
• Act as the Chief Financial Manager and facilities lead for the SVPFO - Executive Vice President for Finance and Operations Resource Responsibility Center.

Data Analyses, Reporting and Projects (20%):

• Coordinate and provide in-depth analysis and/or work on periodic projects as assigned. These items may be short term (1-3 months) or may extend over a period of years and will include project and process management, financial analysis, reporting, presentation of materials, etc.
• Prepare ad hoc financial analyses to inform annual budget processes, long-range financial plans, and requests from University leaders or external audiences.
• Coordinate and prepare summary analysis and documentation on individual units and the University; coordinate and write University-wide reports.
• Lead and participate in projects centered around incentives and disincentives created by the budget model, trend analysis of particular costs or revenues, cost containment proposals, projections of specific revenue types or cost categories, use of chart of accounts to analyze data, etc.
• Assist with the final implementation of the PEAK initiative and assessing the impact on RRCs.

State Appropriations & the Biennial Budget (15%):

• Assist with developing the University's biennial budget request to the State of Minnesota; coordinate input and support documentation from partners across the University of Minnesota; write and submit documentation required by the state.
• Expert in the State of Minnesota budgeting systems; biennial budget request entry; reconciliation of state appropriations.
• Manage and track the University's appropriations from the State of Minnesota.
• Coordinate, write, and submit…