Budget Analyst

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How to Apply

A cover letter is required for consideration for this position and should be attached to your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.

Summary

The Library Finance department (https://www.lib.umich.edu/about-us/our-divisions-and-departments/deans-office/finance) contributes to the success of theUniversity of Michigan Library in Ann Arbor (https://www.lib.umich.edu/) by delivering accurate financial support at the divisional level and across the library. As the Budget Analyst, you will collaborate with Finance & HR colleagues to provide budgetary support to specific library divisions and conduct library wide analysis. The Budget Analyst serves as the lead financial contact for assigned divisions, and is a significant contributor to establishing procedures for the programmatic budget model within the library. Annually, you will work directly with the Library Finance Director, Finance Manager, and other finance team members in many library wide budget deliverables, including the provost's budget submission process, annual salary programs, the allocation of funds within the library, library wide budget projections, and internal controls. You will play a crucial role in financial planning, budgeting, forecasting, and reporting activities. You will report to the Library Finance Manager.

Because we are committed to diversity, we aspire to develop the individual and collective skills to recognize, celebrate, and deploy difference as a path to engagement, innovation, and the generation of new ideas and knowledge.

You may be eligible forhybrid work opportunities (https://hr.umich.edu/benefits-wellness/work-life/flexible-work-options) at the discretion of the hiring department. We will periodically reevaluate support for flexible work, taking into account our evolving policies and team responsibilities.

What You'll Do

• Coordinate daily budget activities.

• Initiate and follow through on all transactional activity with the Shared Services Center (SSC), including accounts payable, accounts receivable, statement of activities/gross pay register reconciliation, travel and expense, service unit billings, and journal entries ensuring compliance with U-M and Library policies and internal controls.

• Troubleshoot and resolve issues with financial transactions, identify and correct errors, answer questions, and provide information and assistance to project grant directors in analyzing project status.

• Initiate purchases of supplies and equipment using a variety of methods including purchase requisitions, purchase orders, and payment requests following requests through to completion.

• Compile and provide information about budget and account activities, personnel rosters, and budget documents.

• Monitor and reconcile budgets, accounts, and rosters, and review related activities for compliance with established procedures.

• Be the administrative contact for divisional project grants, including general, designated, gift, sponsored, and discretionary funds providing accurate and thoughtful guidance regarding U-M and Library financial procedures.

• Use advanced budgeting and financial software to evaluate data, provide projections, and produce financial reports.

• Analyze financial trends, costs, revenues, financial commitments, and obligations incurred to project future revenues and expenses.

• Participate in developing strategic directions and goals for the Library Finance department.

• Contribute to complex budget projects.

• Support the installation of budgetary control systems.

• Train newly assigned or less experienced finance staff.

Why Work at Michigan?

The University of Michigan offers acomprehensive benefits package (https://hr.umich.edu/benefits-wellness) including:

• Health, dental, and vision insurance

• Generous time off (24 vacation days per year and 15 sick days per year)

• A retirement plan that provides two-for-one matching contributions with immediate vesting

• Professional development opportunities

• Flexible spending accounts for healthcare and dependent care expenses

• Life insurance, long-term disability coverage, and more

Required Qualifications*

• Bachelor's Degree or equivalent experience.

• 2+ years of progressively responsible experience in finance and/or budgeting.

• Demonstrated expertise in financial analysis within established timelines with the ability to present complex financial data in understandable terms.

• Knowledge in financial planning, strategic analysis, budget formulation, budget execution, and financial and budget reporting.

• Demonstrated experience handling a variety of financial transactional tasks including expense reports, procurement transactions, and other related processes in compliance with an organization's administrative policies and procedures.

• Demonstrated experience using advanced spreadsheet functions (such as Excel Pivot tables, and VLookup).

• Experience performing work that is varied and challenging while working in an environment of fluctuating priorities.

• Experience with process improvement efforts.

• Demonstrated commitment to diversity and inclusion and a commitment to continuous learning.

Desired Qualifications*

• Knowledge of higher education budget process cycle and requirements.

• Demonstrated expertise in working with reporting software (such as Business Objects, Tableau, etc.) and databases (such as SQL and Oracle) with an understanding of database reporting, structure and data management.

Underfill Statement

This appointment may be hired at the Budget Analyst Intermediate or Senior levels. Classification and salary are dependent on the selected candidate's qualifications and experience. The target salary range is $70,000 - $77,000 for the Intermediate level and $77,000 - $89,000 for the Senior level.

Additional Information

We are committed to recruiting and retaining a diverse workforce and encourage our employees to incorporate their diverse backgrounds, skills, and life experiences into their work. More information on our Diversity Plan can be foundhere (https://www.lib.umich.edu/about-us/about-library/diversity-equity-inclusion-and-accessibility/diversity-strategic-plan) .

For questions about this posting or to request accommodations, please contact [email protected] .

Application Deadline

Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled anytime after the minimum posting period has ended.

We expect this posting to be open for the full 14 days' posting period. Applications will be reviewed as received throughout the posting period and continue until the position is filled.

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.

Job Detail

Job Opening ID

250962

Working Title

Budget Analyst

Job Title

Budget Analyst Senior

Work Location

Ann Arbor Campus

Ann Arbor, MI

Full/Part Time

Full-Time

Regular/Temporary

Regular

FLSA Status

Exempt

Organizational Group

Univ Library

Department

Library Deans Office - Finance

Posting Begin/End Date

6/28/2024 - 7/12/2024

Salary

$77,000.00 - $89,000.00

Career Interest

Finance

Libraries & Museums

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