Sr Financial Analyst

University of Rochester•Goodwell, OK

8d•Onsite

About The Position

As a community, the University of Rochester is defined by a deep commitment to Meliora - Ever Better. Embedded in that ideal are the values we share: equity, leadership, integrity, openness, respect, and accountability. Together, we will set the highest standards for how we treat each other to ensure our community is welcoming to all and is a place where all can thrive. Responsibilities: Independently manages professional finance and accounting work requiring knowledge and application of general accounting theory, techniques, and practices through knowledge of the University accounting system. Manage the financial reporting process for the Education mission within the School of Nursing, ensuring stakeholders are well-informed in a timely, transparent manner. Conducts specialized and highly complex analysis of financial data ($42M+) for the Education mission, including but not limited to, tuition revenue, financial aid and faculty compensation. Identify and research material variances and lead efforts to determine root causes to inform future decisions. Using trended data and knowledge in an ever-changing environment, develops budgets, projections, and costing models to support budget decisions for both short-term and long-range planning. Designs multiple scenarios connecting the interrelated components. Designs and presents reports and presentations to inform leadership and key stakeholders of budget, financial projections, and the financial impact of various tuition, financial aid, enrollment, and faculty activities. Must be able to prioritize and complete tasks with minimal direction, and work well in a team environment. ESSENTIAL FUNCTIONS Reconciliation and analysis Manages the monthly reconciliation of ledger accounts across Education FAOs to ascertain the integrity of data, ensuring adherence to policies and procedures for accounting systems. Conducts specialized financial analysis and research most notably in areas of tuition revenue, financial aid, and faculty workload, evaluating the interdependencies of each area Identifies, investigates, documents, and communicates material variances and leads efforts in determining root causes as they pertain to and impact the financial projections, reconciliations, and budgets. Initiates corrective action or recommends solutions as appropriate and ensures follow-through. Analyzes and interprets data, such as supporting documents, to monitor that transactions are properly supported following University policy and procedures. Represents SON Education mission on various ad hoc groups to present and report on financial impact and implications of proposed changes to curriculum, enrollment and admissions decisions. Financial Reporting Independently compiles, prepares and analyzes reports, graphs and charts of data. Prepares conclusions, forecasts and makes recommendations based on research. Requires in-depth knowledge of operational costs and revenue components pertaining to each educational program, and includes trending, forecasting, and drivers for each. Independently designs and creates weekly tuition and aid reports for senior leadership, ensuring data is accurately presented and reconciled to the subsidiary system (UR student). Prepares monthly faculty salary reconciliation to accommodate for ongoing changes to budgeted assignments identified in the faculty workload software system. Prepares year-end projections informed by monthly analysis and any new information that may influence year-end results, and develops accompanying detailed variance analysis. Budgeting Analyzes and interprets data, statistics and financial information and identifies significant differences in relationships among sources of information. Designs and develops budget reports incorporating assumptions formalized by the strategic plan initiatives and budget meetings. Document detailed budget justifications and rationale for budget calculations. Evaluates tuition revenue performance against student degree plans calling out changing trends Creates costing models of individual academic programs to assess the profitability/viability using tuition revenue and aligning direct teaching expenses and distributed indirect costs; updates and maintains costing models based on in-depth knowledge of individual programs and understanding of how program changes impact the costing model. Financial Process Management Independently develop, oversee and manage various processes for tracking scholarship and endowment programs for purposes of reporting, analysis, and projections. Develop and ensure financial process efficiencies, data integrity and accuracy for new initiatives concerning faculty salaries, tuition, aid and student fees. Keeps abreast of trends as they relate to financial management and adapts new developments into planning, control and analytical processes. Evaluate, strategize, and amend as needed, the processes and procedures to maintain compliance with the University, local, state, and federal regulations to ensure effective, efficient, and accurate operations. Other duties as assigned As assigned, assumes responsibility for special projects involving research, planning, and recommending changes. Designs financial models, reports, and complex spreadsheets as needed for senior officials of SON to support new initiatives and budget proposals, identify trends and variances, and resolve budgeting discrepancies. Ad-hoc reporting, as assigned. Benchmarking and financial analysis pertaining to new initiatives. Conduct market studies and business plans, providing a detailed justification and rationale for all assumptions and metrics.

Requirements

Bachelor's degree in a finance functional area required.
5 years relevant experience in a health care and/or University setting required.
Or equivalent combination of education and experience
Essential knowledge, skills, and abilities include an aptitude for quantitative reasoning, attention to detail, flexibility, initiative, creativity, and the ability and willingness to work cooperatively in a rapidly evolving area.
Advanced Excel skills
Strong analytical skills with attention to detail
Outstanding ability to multitask and adapt to changing priorities and tasks
The ability to communicate effectively, including active listening, emotional intelligence, and the ability to explain complex concepts as well as ability to understand and interpret complex information from others.
Ability to organize the work area; and handle frequent interruptions
Excellent data management and project management skills; required
Advanced proficiency in common business and software, i.e., Microsoft Office, Excel spreadsheets, Power Point, and Outlook.
Ability to quickly learn new advanced software and hardware technologies and impart knowledge on subordinates; required.

Responsibilities

Manages the monthly reconciliation of ledger accounts across Education FAOs to ascertain the integrity of data, ensuring adherence to policies and procedures for accounting systems.
Conducts specialized financial analysis and research most notably in areas of tuition revenue, financial aid, and faculty workload, evaluating the interdependencies of each area
Identifies, investigates, documents, and communicates material variances and leads efforts in determining root causes as they pertain to and impact the financial projections, reconciliations, and budgets.
Initiates corrective action or recommends solutions as appropriate and ensures follow-through.
Analyzes and interprets data, such as supporting documents, to monitor that transactions are properly supported following University policy and procedures.
Represents SON Education mission on various ad hoc groups to present and report on financial impact and implications of proposed changes to curriculum, enrollment and admissions decisions.
Independently compiles, prepares and analyzes reports, graphs and charts of data.
Prepares conclusions, forecasts and makes recommendations based on research.
Independently designs and creates weekly tuition and aid reports for senior leadership, ensuring data is accurately presented and reconciled to the subsidiary system (UR student).
Prepares monthly faculty salary reconciliation to accommodate for ongoing changes to budgeted assignments identified in the faculty workload software system.
Prepares year-end projections informed by monthly analysis and any new information that may influence year-end results, and develops accompanying detailed variance analysis.
Analyzes and interprets data, statistics and financial information and identifies significant differences in relationships among sources of information.
Designs and develops budget reports incorporating assumptions formalized by the strategic plan initiatives and budget meetings.
Document detailed budget justifications and rationale for budget calculations.
Evaluates tuition revenue performance against student degree plans calling out changing trends
Creates costing models of individual academic programs to assess the profitability/viability using tuition revenue and aligning direct teaching expenses and distributed indirect costs; updates and maintains costing models based on in-depth knowledge of individual programs and understanding of how program changes impact the costing model.
Independently develop, oversee and manage various processes for tracking scholarship and endowment programs for purposes of reporting, analysis, and projections.
Develop and ensure financial process efficiencies, data integrity and accuracy for new initiatives concerning faculty salaries, tuition, aid and student fees.
Keeps abreast of trends as they relate to financial management and adapts new developments into planning, control and analytical processes.
Evaluate, strategize, and amend as needed, the processes and procedures to maintain compliance with the University, local, state, and federal regulations to ensure effective, efficient, and accurate operations.
As assigned, assumes responsibility for special projects involving research, planning, and recommending changes.
Designs financial models, reports, and complex spreadsheets as needed for senior officials of SON to support new initiatives and budget proposals, identify trends and variances, and resolve budgeting discrepancies.
Ad-hoc reporting, as assigned.
Benchmarking and financial analysis pertaining to new initiatives.
Conduct market studies and business plans, providing a detailed justification and rationale for all assumptions and metrics.