The University of Chicago Hiring for Financial Analyst – JR22673-3800 at Chicago, Illinois Full Time

This job was posted by https://illinoisjoblink.illinois.gov : For more
information, please see:
https://illinoisjoblink.illinois.gov/jobs/11021686 Department

BSD AFA – Budget Staff 3

About the Department

The Biological Sciences Division (BSD) is the largest operating unit of
the University of Chicago. It includes the Pritzker School of Medicine,
twenty-three academic departments, twelve interdisciplinary
degree-granting committees, and more than a dozen research centers and
institutes. Our mission is to discover and create new knowledge of
living systems, to preserve and communicate knowledge through education,
and to nurture and sustain a community of scholars. These scholars
pursue this mission through research, the education of basic scientists,
physicians, and others interested in living things, and through
enlightened and compassionate care of patients in a humane, academic
environment. We have a long and rich history of discovery. Our academic
departments have each developed and sustained outstanding programs of
research and training in a broad range of programs. These are further
enhanced by interdisciplinary committees, centers, and institutes.
Unique among our peers, our Pritzker School of Medicine and basic
biological science programs are housed in one division, allowing for
strong collaborations between basic science and clinical research.
Faculty, staff, and students interact across programs and disciplines,
creating collaborative and innovative approaches to the study of complex
problems. As a part of the BSD Dean’s Office, BSD Finance works closely
with the executive leaders and financial professionals within the BSD,
University, and Medical Center.

Job Summary

The job coordinates projects in monitoring the operating and capital
budgets for divisions and/or University-wide administrative units. At
the instruction of others, performs work that contributes to development
of long and short term financial goals, business strategies/plans, and
financial forecasts/models for major service programs and initiatives.
Utilizes moderate knowledge of finance to help coordinate quarterly and
year-end reporting for the operating budget.

Responsibilities

• Analyzes budget estimates and proposals for completeness, accuracy,
  and conformance with established procedures, regulations, and
  organizational objectives. Understands key assumptions and issues.
• Consolidates individual budgets into operating and capital budget
  summaries which argue for or against funding requests. Submits
  budget summaries to management.
• Monitors budget variances by reviewing reports and accounting
  records to determine if allocated funds have been spent, and
  identify underlying business drivers and potential problems.
• Assists managers in analyzing the proposed plan and devising
  possible alternatives if the projected results are unsatisfactory.
• Maintains and tracks benchmarks and key business drivers, such as
  student funding sources, faculty commitments, grant funding, etc.
• Prepares and deploys status reports to key users, providing
  meaningful information on projects, budgets and budget variances,
  statistics and productivity.
• Prepares data requested by both internal customers (eg. Sr.
  Management, Departments, University, Medical Center) and external
  entities (eg. AAMC, US News and World Report, government agencies,
  etc.).
• Provides consulting and advisory services to all levels of customers
  in the organization including executive and faculty leadership.
  Answer to inquiries by providing data analysis and relevant
  information, assist with financial improvement action plans, and
  complete various financial analysis projects as needed.
• Recommends changes to systems and procedures to ensure conformance
  with budgetary provisions.
• Provides professional and timely sup ort for budgetary and financial
  matters as a primary contact for the assigned departments, units,
  and account owners to exceed their expectation.
• Prepares budgets, monitors financial activities, analyzes variance
  and financial performance, and recommends action items to change the
  course of event if necessary.
• Prepares monthly reports, conducts and correct errors in accounts
  using existing procedures that are in place, and provides advice on
  the financial impact of human resources and academic affairs
  decisions.
• May work with other administrators on the procurement process,
  allocates expenditures for authorization, and advises in
  communications regarding funding agencies, subcontractors, and
  others at the instruction and direction of others.
• Performs other related work as needed.

Minimum Qualifications

Education:

Minimum requirements include a college or university degree in related
field.

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Work Experience:

Minimum requirements include knowledge and skills developed through 2-5
years of work experience in a related job discipline.

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Certifications:

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Preferred Qualifications

Education:

MBA or advanced degree in finance, pub