Budget Analyst II - CEMI- 2 Year Appointment

Weill Cornell Medical College•New York, NY

7d•$105,700 - $121,200•Onsite

About The Position

Under direction, responsible for managing budgetary and financial reporting activities to ensure effective allocation of resources and adherence to organizational goals. This role serves as a key resource for decision-making and process improvement in financial planning. This is a term position anticipated to be needed through Fall 2028 but may be ended or extended based on organizational needs, funding availability, and performance.

Requirements

Bachelor's Degree in Finance, Accounting, Economics, or Business Administration.
Approximately 3 years of finance related experience, preferably within an academic medical center
Fund accounting knowledge is highly desired.
Experience with database software or an enterprise resource planning system, SAP preferably, is highly desired.
Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and data analysis.
Strong analytical and problem-solving skills
Attention to detail and accuracy in numerical work.
Ability to manage multiple projects and meet deadlines.
Excellent communication skills, both written and verbal.

Responsibilities

Develops and manages the annual operating budget in collaboration with departmental leadership.
Provides guidance on budget policies to ensure adherence to institutional policies and standards.
Monitors and adjusts budgets as necessary.
Identifies trends, risks, and opportunities and makes recommendations to executive leadership.
Creates and maintains budgetary policies and guidelines.
Researches industry and/or peer data for comparison and to implement best practices.
Ensures budgets and financial reports comply with applicable policies, regulations, and procedures.
Administers departmental budget(s) to executive leadership and oversees the implementation of budgets into the enterprise resource financial system.
Address inquiries regarding budgetary and financial issues, offering data-driven decisions.
Calculates funding sources for allocations by maintaining budget databases and models used for trending analysis.
Updates and maintains changes to allocations as needed.
Analyzes financial data and reports to prepares preliminary budget forecasts.
Participates in the development and execution of budgeting modules/templates.
Identifies and recommends improvements to previous versions of budgeting modules and participates in training sessions surrounding the use and features of the modules.
Works with grants and clinical trials administrators to ensure funding and review expenditures.
Develops and maintains financial reports, including budget vs. actual.
Analyzes variances to identify and assist in rectifying any budget discrepancies.
Escalates any unresolved issues to leadership.
Monitors and performs funding and revenue/expense transfer transactions as needed.
Calculates faculty compensation payout to determine supplemental accruals.
Prepares financial reports on faculty compensation for senior leadership review.