Senior Financial Analyst
Company: The University Of Chicago
Location: Chicago
Posted on: May 28, 2023
Job Description:
Department -BSD AFA - Budget StaffAbout 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. The BSD 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. It currently contains a total staff of 16 people.Job
Summary -The job manages operating and capital budgets for
divisions and/or University-wide administrative units. Helps
develop long and short term financial goals, business
strategies/plans, and financial forecasts/models for major service
programs and initiatives. Manages 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 work
with department to identify underlying business drivers and
potential problems.
- Utilizes various financial analysis techniques to assess
program tradeoffs, and explore alternative funding methods.
- Devises financial models and provides analytical support for
more complex projects.
- Develops and maintains key performance indicator
reports/dashboards in clinical, research, and administrative
areas.
- 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.
- Assesses, modifies and/or develops and implements
processes/procedures/systems to increase efficiency, accuracy and
insightfulness of data analytics.
- Provides training and education as needed to inside and outside
department employees.
- Works independently to maintain and support the planning and
execution of financial strategy.
- Uses best practices and in-depth financial knowledge to assist
in the preparation of annual budgets. Works with minimal guidance
to provide analytical support for complex budget projects. Examines
past budgets and researches economic and financial developments
that affect spending.
- Reviews estimated expenditures. Develops expenditure
projections and periodic budget variance reports. Prepares
forecasts as well as analyses.
- Acts as a resource for team members, solves complex problems.
Explains complex and sensitive information.
- Performs other related work as needed. Minimum Qualifications
-Education:Minimum requirements include a college or university
degree in related field.---Work Experience:Minimum requirements
include knowledge and skills developed through 5-7 years of work
experience in a related job
discipline.---Certifications:------Preferred
QualificationsEducation:
- MBA or advanced degree in finance, public policy,
not-for-profit administration, healthcare administration, or a
related field.Experience:
- Experience in a university or academic medical center.
- Financial modeling experience strongly preferred. Preferred
Competencies
- Knowledge of GAAP accounting principle, restricted fund
accounting, grant accounting.
- Knowledge of financial computing and database software
applications.
- Knowledge of various financial principles, practices, and
applications including budgeting, financial planning, financial
analysis, and financial reporting.
- Intellectual versatility and creativity.
- Strong analytical and organizational skills, attention to
detail.
- Ability to work independently with sound judgement.
- Strong educational background with focus in business, economics
or related technical field . Course work in accounting and
finance.
- Proficiency Microsoft Office (Word, Excel, PowerPoint).
- Strong interpersonal, verbal, and written communication skills
required. Ability to establish and maintain relationships at all
organizational levels.
- Flexibility and ability to work effectively and gracefully
under considerable time pressure on high visibility, high stakes
projects.
- Ability to work non-traditional hours when
necessary.Application Documents
- Resume (required)
- Cover Letter (required)When applying, the document(s) MUST -be
uploaded via the My Experience page, in the section titled
Application Documents of the application.Job Family -Financial
ManagementRole Impact -Individual ContributorFLSA Status -ExemptPay
Frequency -MonthlyScheduled Weekly Hours -40Benefits Eligible
-YesRequires Compliance with University Covid-19 Vaccination
Requirement -YesDrug Test Required -NoHealth Screen Required
-NoMotor Vehicle Record Inquiry Required -NoPosting Statement
-Employees must comply with the University's COVID-19 vaccination
requirements. More information about the requirements can be found
on the .The University of Chicago is an and does not discriminate
on the basis of race, color, religion, sex, sexual orientation,
gender identity, national or ethnic origin, age, status as an
individual with a disability, protected veteran status, genetic
information, or other protected classes under the law. For
additional information please see the Staff Job seekers in need of
a reasonable accommodation to complete the application process
should call 773-702-5800 or submit a request via We seek a diverse
pool of applicants who wish to join an academic community that
places the highest value on rigorous inquiry and encourages a
diversity of perspectives, experiences, groups of individuals, and
ideas to inform and stimulate intellectual challenge, engagement,
and exchange.All offers of employment are contingent upon a
background check that includes a review of conviction history.A
conviction does not automatically preclude University
employment.Rather, the University considers conviction information
on a case-by-case basis and assesses the nature of the offense, the
circumstances surrounding it, the proximity in time of the
conviction, and its relevance to the position.The University of
Chicago's Annual Security & Fire Safety Report (Report) provides
information about University offices and programs that provide
safety support, crime and fire statistics, emergency response and
communications plans, and other policies and information. The
Report can be accessed online at: -. -Paper copies of the Report
are available, upon request, from the University of Chicago Police
Department, 850 E. 61st Street, Chicago, IL 60637.
Keywords: The University Of Chicago, Chicago , Senior Financial Analyst, Accounting, Auditing , Chicago, Illinois
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