Sr Financial Analyst

As a community, the University of Rochester is defined by a deep commitment to Meliora - Ever Better. Embedded in that ideal are the values we share: equity, leadership, integrity, openness, respect, and accountability. Together, we will set the highest standards for how we treat each other to ensure our community is welcoming to all and is a place where all can thrive.

Job Location (Full Address):

255 Crittenden Blvd, Rochester, New York, United States of America, 14642

Opening:

Worker Subtype:

Regular

Time Type:

Full time

Scheduled Weekly Hours:

40

Department:

600221 SON Staff/Education Programs

Work Shift:

UR - Day (United States of America)

Range:

UR URG 112

Compensation Range:

$70,197.00 - $105,295.00

The referenced pay range represents the minimum and maximum compensation for this job. Individual annual salaries/hourly rates will be set within the job's compensation range, and will be determined by considering factors including, but not limited to, market data, education, experience, qualifications, expertise of the individual, and internal equity considerations.

Responsibilities:

Independently manages professional finance and accounting work requiring knowledge and application of general accounting theory, techniques, and practices through knowledge of the University accounting system. Manage the financial reporting process for the Education mission within the School of Nursing, ensuring stakeholders are well-informed in a timely, transparent manner. Conducts specialized and highly complex analysis of financial data ($42M+) for the Education mission, including but not limited to, tuition revenue, financial aid and faculty compensation. Identify and research material variances and lead efforts to determine root causes to inform future decisions. Using trended data and knowledge in an ever-changing environment, develops budgets, projections, and costing models to support budget decisions for both short-term and long-range planning. Designs multiple scenarios connecting the interrelated components. Designs and presents reports and presentations to inform leadership and key stakeholders of budget, financial projections, and the financial impact of various tuition, financial aid, enrollment, and faculty activities. Must be able to prioritize and complete tasks with minimal direction, and work well in a team environment.

ESSENTIAL FUNCTIONS

Reconciliation and analysis

• Manages the monthly reconciliation of ledger accounts across Education FAOs to ascertain the integrity of data, ensuring adherence to policies and procedures for accounting systems.
• Conducts specialized financial analysis and research most notably in areas of tuition revenue, financial aid, and faculty workload, evaluating the interdependencies of each area
• Identifies, investigates, documents, and communicates material variances and leads efforts in determining root causes as they pertain to and impact the financial projections, reconciliations, and budgets. Initiates corrective action or recommends solutions as appropriate and ensures follow-through.
• Analyzes and interprets data, such as supporting documents, to monitor that transactions are properly supported following University policy and procedures.
• Represents SON Education mission on various ad hoc groups to present and report on financial impact and implications of proposed changes to curriculum, enrollment and admissions decisions.  

Financial Reporting

• Independently compiles, prepares and analyzes reports, graphs and charts of data. Prepares conclusions, forecasts and makes recommendations based on research. Requires in-depth knowledge of operational costs and revenue components pertaining to each educational program, and includes trending, forecasting, and drivers for each.
• Independently designs and creates weekly tuition and aid reports for senior leadership, ensuring data is accurately presented and reconciled to the subsidiary system (UR student). 
• Prepares monthly faculty salary reconciliation to accommodate for ongoing changes to budgeted assignments identified in the faculty workload software system.
• Prepares year-end projections informed by monthly analysis and any new information that may influence year-end results, and develops accompanying detailed variance analysis.

Budgeting

• Analyzes and interprets data, statistics and financial information and identifies significant differences in relationships among sources of information.
• Designs and develops budget reports incorporating assumptions formalized by the strategic plan initiatives and budget meetings. Document detailed budge