Budget & Financial 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. Focus includes financial analysis and reporting required by the State of Texas. Duties include the development and writing of the Legislative Appropriations Request (LAR), monitoring, and working with the Legislative Budget Board for timely responses to legislative requests. 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:      Chief Budget Officer

Supervises:     No supervisory responsibilities 

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

1. Contributes essential information related to campus expenditures to the University Budget – from development stages, through interim reporting, as well as, year-end activities.
2. Develops financial analysis, forecasting, and variance explanation related to TWU revenues and/or expenditures.  Emphasis in position control review and tracking. 
3. Reviews and analyzes budget 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.  Prepares variance analysis summaries on a regular basis. 
4. Develops and analyzes ad hoc analysis relating to campus revenues and/or expenditures as requested.
5. Works with requestors to determine the impact to various possible changes in funding levels both short-term and long-term.
6. Prepares budget transfers and, if necessary, updates the budget module.
7. Assists in the modeling and forecasting of campus revenues and/or expenditures as assigned to the analyst.
8. Assists in developing recommendations for budget allocations in conformance with budgetary policies, limits, and institutional or regulatory constraints. 
9. Answers budget and finance questions related to campus financial activity as required.
10. Provides Oracle Cloud budget training to departments as requested.

• Coordinates, and prepares, the Legislative Appropriations Request (LAR) each biennium. 
• Coordinates, and provides responses to the LAR related to fiscal notes, requests for information, and other related elements.
• Responds to information inquiries from the Legislative Budget Board and various Texas Agencies as assigned.
• Coordinates and prepares reporting documents for the Base Reconciliation, conducts a quarterly USAS-ABEST reconciliation, and prepares other reporting as required by the State of Texas. 
• Monitors and analyzes legislative appropriation issues related to higher education in an on-going basis in order to maximize funding for TWU and the TWU system.

ADDITIONAL DUTIES

• Performs other duties as requested.

EDUCATION 

Minimum Bachelor’s degree in Accounting, Financial, 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 budge