SENIOR FINANCIAL ANALYST, FINANCIAL INFORMATION OFFICE
Regular Full-Time, Market Range 12
The Haslam College of Business at the University of Tennessee, Knoxville, invites applications for a full-time, exempt Senior Financial Analyst in the Financial Information Office (FIO). The Senior Financial Analyst provides analytical and accounting support for financial, budgeting, planning and reporting activities for the College. The primary responsibilities of this position include budget development and implementation, continuous monitoring of actuals versus budget, variance analysis, running financial scenarios and gauging their impacts on college operations, standard periodic (monthly) managerial reporting, and ad hoc analysis and reporting. This position will report to the Assistant Director and supports the managerial financial decision-making of the college. This position will work primarily with the new campus budget model (BAM) which will determine the future of the college resource management. This is an important role that has major implications on future funding, forecasting and resource management. This position supports the managerial decision-making of the Dean and the Dean's Cabinet.
The Senior Financial Analyst will be the subject matter expert regarding use of the Adaptive Insights budgeting and forecasting tool for the college, and will be responsible for developing and managing the reporting capabilities of the tool. The financial analyst will also be the primary point of contact for data gathering requests and analysis of the gathered data, including being able to identify and pull data from various sources such as IRIS, BW, OIRA, HR, Enrollment Management, and others.
Budget monitoring, reporting, and variance analysis
Produce and maintain financial and operating reports from Adaptive Insights, Excel, Access, Argos, PowerBI, Tableau and other software platforms
Analyze and produce actuals vs budget variance reports on revenue sources, personnel expenditures, operating expenses, allocated expenses from support units, support from endowment and gift accounts, and reserve fund balances
Provide expert advice and guidance to college management regarding the impacts and implications of the variance analyses
Identify and research trends and make adjustments to models
Make adjustments to forecasts, long-range plans, and scenario models to account for the impacts of the variances
Present budget issues and develop innovative solutions to solve complex budgeting issues while adhering to university and campus policies and procedures
Present adhoc analysis based on own evaluation and analysis of policies and procedures and how they affect the budget and financial goals of the College using own methods of professional discretion
Developing financial forecasts and scenario modeling
Develop financial forecasts for projected year-end revenue totals, direct expenditures, key expenditures such as financial aid and waivers; update forecasts monthly to keep college management up-to-date on year-end projections for operating margins, surpluses or deficits, and reserve balances
Develop and maintain long-range (five year) plans in Adaptive Insights; make periodic adjustments as required by changing operating expectations, shifting university strategic priorities, or external economic conditions
Develop and maintain various planning scenarios as requested by college management and by selecting own evaluation techniques, such as enrollment figures significantly above or below target expectations, implementation of new academic programs, or possible impacts of increasing online courses and enrollments or other figures and targets as so determined based on own evaluation and analysis
Develop and produce ad hoc analytical reports as such as departmental year-to-date comparisons of student credit hours, faculty FTEs, majors, general education courses taught, endowment income spending, etc.
Develop innovative solutions to BAM model scenario issues and problematic financial forecasts while adhering to university and campus policies and procedures
Budget development and implementation
Serve as the subject matter expert (SME) for the college on the use of the Adaptive Insights budgeting and planning tool
In collaboration with the Budget Director, develop and enter the annual budget for the college, including the uploading and downloading of budget information to and from the ERP system (IRIS)
Attend and participate in annual budget meetings to gather data to use in developing budget inputs, scenarios, and plans
Gather data from various sources to use in developing budget inputs, scenarios, and plans
Produce and maintain standard financial reports from Adaptive Insights, Excel, Access, and other software platforms
Produce adhoc financial reports using own method by determining areas of budgetary inconsistencies
Internal Number: 218552
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