Essential Functions: Review and authorize large dollar volume expenditures and revenue collection to ensure budgetary appropriateness and fund availability. Monitor and control expenditures to ensure transactions are in compliance with policies and procedures. Review Financial Management System (FMS/BAR) for account balances; Human Resource System (HRS) for personnel items; account files for grant budgets and agency guidelines.
Prepare annual budget requests. Assist and participate in University General Fund Budget submission. Forecast expenditures and revenues to project funding requirements needed for efficient allocation of resources. Perform variance analysis to identify inefficiencies with regard to spending and collection practices. Analyze monthly accounting reports and project expenses and budget estimates.
Oversee and participate in maintenance of position roster. Initiate, authorize and monitor budget transfers. Review and grant budgeting approval of personnel actions; determine availability of budget funds necessary to maintain position and budget control. Conduct deficit monitoring and clearance of general fund, designated, auxiliary and indirect cost funds; review and interpret financial, commitments.
Compile statistical data and prepare detailed computerized financial reports and analysis necessary for budgeting and planning needs. Maintain financial records and internal computerized databases in order to generate a variety of adhoc budget reports and tracking mechanisms.
Serve as resource person and liaison to departmental administrators, principal investigators, outside vendors and other officials to explain budget management procedures, the Financial Accounting System (FAS), granting agency guidelines, and University policies and procedures. Review budgetary forms and documents to ensure adherence to established budgeting procedures and requirements as well as granting agency guidelines and regulations.
Provide functional supervision to subordinate clerical and technical personnel. Train in appropriate bookkeeping and accounting principles and methods. Answer questions and resolve problems as needed.
Oversee and participate in special projects which involve generating management information reports and interfacing with various internal and external administrative offices and departments.
Perform related work as assigned.
Qualifications: Graduation from an accredited college or university with major coursework in business administration, accounting, finance or related field or an equivalent combination or education and/or experience.
Reasonable knowledge of accounting, finance or budgeting principles and practices.
Strong analytic and problem solving skills.
Strong statistical background.
Reasonable practical work experience with computer applications, computerized accounting systems and spreadsheet design.
Ability to communicate effectively with others.
Excellent oral and/or written communication skills.
Ability to prepare varied financial statements, reports and analyses.
Reasonable knowledge of University policies and procedures.
Some knowledge and experience of the University?s Financial Management System (FMS/BAR), Human Resource System (HRS) and Focus and/or Access programming language.
Some knowledge or experience with interpreting and application of granting agency guidelines.
Ability to prepare standard financial statements, reports and analysis.
Typically, incumbents have held positions such as Budget Analyst I, Accounting Specialist, Accounting Assistant, Sr., etc.
Internal Number: 76_207193
About Wayne State University
Founded in 1868, Wayne State University is a nationally recognized metropolitan research institution offering more than 400 academic programs through 13 schools and colleges to nearly 32,000 students. Wayne State?s main campus in Midtown Detroit comprises 100 buildings over nearly 200 acres; its five extension centers offer higher education to people throughout Southeast Michigan. Wayne State is dedicated to preparing students to excel by combining the academic excellence of a major research university with the practical experience of an institution that by its history, location and diversity represents a microcosm of the world we live in. Reflecting its location and the excellent international reputation of its graduate schools, particularly in the sciences, Wayne State boasts the most diverse student body among Michigan?s public universities. Its students represent 49 U.S. states and more than 60 countries.