Budget Analyst III - Budget & Financial Planning

TITLE

Budget and Financial Analyst III 

JOB SUMMARY 

This position’s primary area of responsibility is financial analysis, forecasting, and variance explanation related to TWU budgetary activity (revenues, personnel, capital, and/or operating expenditures). Responsible for measuring actual performance against budget. Responsible for interpreting statutes and providing guidance as related to campus expenditures. Work is performed under general supervision and performance evaluation is based upon completion of assignments and results obtained. The performance evaluation is conducted through the performance evaluation system and in accordance with the University Policies & Procedures. 

ORGANIZATIONAL RELATIONSHIPS

Reports to:      Associate Vice President, Budget and Finance

Supervises:     No supervisory responsibilities 

ESSENTIAL DUTIES - May include, but not limited to the following:

1. Oversees financial analysis, forecasting, and variance explanation related to TWU revenues and/or expenditures.  Emphasis in position control review and tracking. 
2. Prepares, analyzes, and develops variance explanations related to campus revenues and/or expenditures on a monthly basis. 
3. Reviews and analyzes budget data versus actual data to identify gaps, trends, and/or the need for short-term and/or long-term adjustments in connection with the monthly variance analysis.
4. Coordinates with the AVP in the development, and implementation, of documented processes for the review, and identification, of significant variances in actuals to budget on a periodic basis.
5. Develops and analyzes ad hoc analysis relating to campus revenues and/or expenditures as requested.
6. Works with requestors to determine the impact to various possible changes in funding levels both short term and long term.
7. Prepares budget transfers and, if necessary, update the budget module.
8. Assists in the modeling and forecasting of campus revenues and/or expenditures as assigned to the analyst.
9. Assists in developing recommendations for budget allocations in conformance with budgetary policies, limits, and institutional or regulatory constraints. 
10. Contributes essential information related to campus expenditures to the University Budget – from development stages, through interimquarterly reporting, as well as,nd year-end activities.
11. Answers budget and finance questions related to campus expenditures as required.
12. Provides budget training to departments in Oracle Cloud as requested.

ADDITIONAL DUTIES

• Performs other duties as requested.

EDUCATION 

Minimum Bachelor’s degree in business or equivalent.  Master’s degree preferred.

EXPERIENCE

Minimum of four to seven years of related experience. Experience in higher education and/or capital expenditure budget analysis is a plus. Experience in Oracle Cloud budgeting and/or reporting is a plus.

REQUIREMENT

Regular and reliable attendance at the University during regular scheduled days and work hours is an essential function of this position.  

All employees share the responsibility of maintaining information security and privacy requirements within the university by adhering to Federal and State regulations, and TWU Policies & Procedures.

KNOWLEDGE, SKILLS, AND ABILITIES - The following are essential:

• Knowledge of financial modeling and/or data analytics tools.
• Knowledge of budget, accounting, human resources, and payroll systems and processes.
• Ability to apply budgetary and fiscal planning techniques within financial constraints.
• Ability to organize work effectively, conceptualize, and prioritize objectives and exercise independent judgement.
• Ability to establish, and maintain, work relationships with the administration, faculty, staff, and the public.
• Ability to integrate resources, policies, and information for the determination of procedures, solutions, and outcomes.
• Strong communication skills, both oral and written.
• Skill in PC based software (Excel, Word, etc.), calculator.