Department: Office of Budget and Planning Salary/Grade: EXS/6
The Office of Budget and Planning is seeking a dynamic individual to augment our team. The Office of Budget and Planning serves as the steward of resources and trusted advisor for units across Northwestern University in order to support decision-making and enable strategy.
Reporting to the Manager of Budget Analysis, this position will help implement solutions for financial, operational, or strategic challenges facing the central administration, schools, or business units across the university. This role will be responsible for managing the budget development, resource allocations, operations, and analysis for a portfolio of academic and/or administrative units.
Serving as a Budget Office expert for these units, the Budget Analyst will provide timely and accurate financial insight into their units in order to understand and measure current and projected financial activity within their portfolio of responsibility. In addition, the Budget Analyst will be responsible for communicating allocation decisions and providing direction for budget development and forecasting initiatives.
Areas of responsibility
Serves a primary role in the development & implementation of annual budget including fiscal resource allocation of appropriated, discretionary, endowment & gift revenues & expenses.
Develops data-driven solutions to solve financial, operational, or strategic issues facing administrative or academic units.
Manages budget & provides timely, accurate financial status for the current fiscal & future plan.
Guides units of responsibility through university budgeting and forecasting processes, reviews budget and forecasting submissions.
Acts as Budget Office expert on units and functions within portfolio of responsibilities.
Coordinates & completes all associated fiscal year close/open processes.
Approves funds reallocation within budget as necessary & appropriate
Assists with budget projects.
Forecasting, Analysis, Statements & Reporting:
Measures individual net performance of all areas/units as well as consolidated area/unit income statement & balance sheet with the use of pre-defined analytical financial tools.
Recommends changes to tools to improve analysis, forecasting, modeling & reporting & ultimately quality of financial information & analyses provided to management for planning, evaluating & controlling operations.
Oversees monthly reconciliation & reports on current financial performance, impact on year-end forecast & opportunities & risks.
Performs complex financial account reconciliations, statement analysis, and transaction research.
Builds, maintains, and updates financial models and associated financial analysis.
Oversees accurate, efficient and compliant workflow of all transactional processes across areas/units.
May serve as primary Level III school approver for NU Financial transactions.
Provides optimal customer service and financial guidance to areas/units.
Oversees processing of all daily financial transactional activity.
Reviews exceptions forms and reimbursements that require special attention.
Reviews status of related university accounts, transactions and processes; troubleshoots issues as needed.
Identifies current & future resource planning & allocation issues & develops, leads, & supervises complex studies & analyses that will assist senior staff in reaching resource planning and allocation decisions.
Processes & presents associated data & information through the application of sophisticated database, graphic & spreadsheet tools.
Ensures that area service level goals are met.
Successful completion of a full 4-year course of study in an accredited college or university leading to a bachelor's or higher degree in a major such as accounting, business administration, finance, or related; OR appropriate combination of education and experience.
2 years financial, budgeting &/or preparing account reconciliations or financial statements along with financial analysis or other relevant experience.
Previous consulting experience developing solutions for large research institutions
Budget or financial experience obtained from within a large, decentralized, research intensive university.
Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities. Women, racial and ethnic minorities, individuals with disabilities, and veterans are encouraged to apply. Hiring is contingent upon eligibility to work in the United States.
Internal Number: 40313
About Northwestern University
Northwestern University is a major private research university with 12 academic divisions located on three campuses in Evanston, Chicago, and Education City in Doha, Qatar. We have approximately 2,500 full-time faculty members, 17,000 graduate and undergraduate students, and over 5,700 full and part-time staff. Northwestern University combines innovative teaching and pioneering research in a highly collaborative environment. It provides students and faculty exceptional opportunities for intellectual, personal and professional growth.