Financial Analyst - JR24894-3800 - The University of Chicago

This job was posted by https://illinoisjoblink.illinois.gov : For more
information, please see:
https://illinoisjoblink.illinois.gov/jobs/12247145 Department
Facilities Strategic Resources Finance Analysis Management 2
About the Department
Facilities Services supports the mission of the University of Chicago
through efforts to maintain and enhance the University campus and
environment and provide superior client service to our community
including faculty, students, staff, neighbors and visitors.
Job Summary
Reporting to the Manager, Financial Analysis, the Financial Analyst
provides support for special projects, assists with ad hoc reporting and
addresses requests for information to support the changing business
needs of Facilities Services. This position supports the University by
recommending and implementing changes in analyses and budgetary methods
and procedures as well as analysis and financial reporting. Serving as a
liaison with University and departmental financial administrators, the
Financial Analyst has responsibility for compiling and monitoring all
financial, budgeting, and accounting reporting.
Responsibilities
- Responsible for managing the day to day finances. Ensures that
budgets are set-up properly and adjustments are made timely.
Provides specialized analysis and administration of the budget.
- Prepares and advises on operational and/or capital budgets for all
Facilities Services units. Provides analytical support for more
complex budget projects. Analyzes budget estimates and proposals for
completeness; accuracy; and conformance with established
departmental and University procedures, regulations, and objectives.
- Verify available funding for new contracts and contract changes.
Reviews contractors' pay applications to ensure support
documentation is sufficient and complies with contract terms, and
Standard Operating Procedures. Identify and report any financial
risk.
- Fosters sound financial management of project budgets by conducting
financial meetings with all stakeholders. Prepares weekly financial
reports, which includes written variance explanations and risk
analysis based on actual results and collaboration with clients.
Recommend budget revisions, reallocations, and budget cuts to avoid
or alleviate deficits.
- Responsible for developing ad hoc reporting requests and monthly
close activities such as ensuring contract encumbrances are
accurate, and recharge fees are properly recorded, and appropriate
journal entries are booked. Manage and oversee fees and assessments.
- Fosters planning and resource allocation by developing benchmarking
tools that are useful to analyze expenses and budgets.
- Prepare updates and contributes to the maintenance of the Finance
Policy and Procedure Manual.
- Support finance team members with reporting tools as needed.
- Provides analytical support for moderately complex budget projects.
Analyzes budget estimates and proposals for completeness; accuracy;
and conformance with established procedures, regulations, and
organizational objectives.
- Reports on variances between the approved budget and actual
performance and recommends revised procedures.
- Performs other related work as needed.
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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 5-7
years of work experience in a related job discipline.
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Certifications:
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Preferred Qualifications
Education:
- BS/BA Accounting, Finance, or relevant field of study.
- MBA.
Experience:
- Five years of progressive financial experience.
- Financial and/or account ng experience in a university environment.
- Experience in financial modeling.
Technical Knowledge or Skills:
High level of Business Objects knowledge.
Experience with e-Builder Project Management software.
Computer literate in Microsoft Word and other Microsoft Applications.
Advanced in Microsoft Excel, which includes advance usage of pivot
tables, v-lookups, macros etc. Previous experience developing relational
databases (i.e. Access).
Strong mathematical, analytical and problem-solving skills.
Highly organized and detail-oriented in order to track multiple open
issues in a timely, efficient, and accurate manner.
Ability to be an analytical and critical thinker.
A capable and eager team-player willing to work well with others within
a team oriented Finance team and demonstrates a professional and
cooperative tone with team members and customers.
Ability to communicate, both verbally and written, with high level
customers.
An ability to communicate a complex practice and issue at a practical
level.
Must have