Budget Analyst II

Rice University Minimal Template External Career Site-posted 2 months ago

$63,100 - $82,500/Yr

Full-time

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Reporting to the Director, Budget Operations, the Budget Analyst II works collaboratively within the University’s Budget Office to assist with the preparation, tracking, analyzing, projecting, and reporting of the University’s annual $1 Billion budget. This position will assist with special projects and analyses in the context of budget planning and monitoring, strategic planning, capital planning, and fundraising initiatives. The Budget Office, reports to the Associate Vice President for Budget & Fiscal Analysis and prepares information for the President, Provost, Executive Vice President of Operations, Finance & Support, the Chief Financial Officer and Board of Trustees as well as other senior leadership. The Budget Office also serves as the resource for university budget managers to understand and plan for their operating budget activity.

Provides support to the campus community in the budget development process by assisting in the preparation of special studies, reports and analyses, and by providing training on the use of the budget development system Oracle EPBCS (Enterprise Planning and Budgeting Cloud Service)
Serves as a primary budget contact for various campus units and establishes effective relationships with those units
Identifies budget issues, evaluates alternatives, and recommends effective solutions
Compiles and analyzes data for new initiatives, providing recommendations based on projections of revenues and expenses, the reallocation/use of existing funds, and on any related issues that may impact costs
Participates in budget review meetings, providing necessary data, financial analyses, budget history, and historical trends
Assists in the balancing and consolidation of the annual budget and in the development of the annual budget book presented to the Board of Trustees, providing financial data, tables/charts, and budget narratives to explain revenue and expense components
Uses various software applications, such as MS Excel, Oracle Cloud, and MS PowerPoint to assemble, manipulate and/or format data and reports
Develops and prepares monthly, quarterly and annual reports used in the development of the multi-year budget, forecasting, trend and results analysis for both management and the Board of Trustees
Collects and analyzes quarterly projections from campus units, and follows up on any discrepancies (i.e. budget vs. actuals, variances from prior year)
Maintains the budget guidelines and tracking sheets by campus unit and communicates budget adjustments and related calculations to those units
Analyzes, calculates, and allocates budget authority based on internal university revenue sharing agreements and other formulaic allocations
Maintains and updates tracking of central budget commitments, preparing fund balance transfers, journal entries, and budget adjustments to satisfy those commitments
Reconciles budget adjustments and balance transfers within the financial accounting system
Interprets and explains University policies and procedures related to department budgets
Assists with or carries out other budget-related activities as assigned, including preparation or review of external reporting requirements

Bachelor’s degree
Two or more (2+) years of experience in budget analysis, budget preparation, forecasting, and reporting
Advanced knowledge of word processing, spreadsheet (including pivot tables), presentation, and database software
Demonstrated ability to develop and create financial and budget management reports using various report writing tools and applications (i.e. Hyperion Financial Reporting, EPM Cloud Narrative Reporting, Oracle Analytics Cloud, Tableau)
Ability to monitor and collect data, interpret, analyze, and evaluate results, and to assess accuracy and integrity of data
Demonstrated knowledge of accounting and accounting principles
High level of customer service including ability to provide effective functional training to budget planners across the campus
Good communication skills, both oral and written with ability to convey complex information in an understandable and professional way
Demonstrated problem solving and critical thinking skills
Ability to work independently and collaboratively
Organizational skills with the ability to manage multiple and sometimes competing deadlines with high degree of timeliness and accuracy
Ability to work with and maintain confidential information

Master’s degree in a quantitative area
Five years of experience in budget analysis and planning, budget preparation, forecasting, and reconciliation; ideally in a university or college setting
Experience with Oracle Financials and HCM or similar enterprise resource planning systems
Experience with budget planning software (i.e. Hyperion Planning, EPBCS)

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