Senior Budget Analyst II

Working Title: Senior Budget Analyst II
Job Classification: 9345BA - Fin Dir 1-Bdg &FPA

Salary Range: $158,400 - $186,000

Position Overview:

The University of Minnesota Budget Office seeks a Senior Analyst to serve as a strategic financial leader responsible for revenue and cost forecasting/planning, data and budgetary analysis, institutional reporting, and financial oversight and monitoring of the institution and individual units. This position yields a high degree of autonomy and is viewed as a collaborator and advisor to all units and senior level leaders in order to carry out essential budgetary processes impacting all five University of Minnesota campuses. This position reports directly to the Vice President & Budget Director.

Responsibilities include but are not limited to:

Annual Operating Budget Development (35%):

• Conduct university and unit-level analyses to support the development of the annual operating budget; develop summary documentation to assist executive level leaders throughout the decision-making process.
• Expert on policies and best practices for tuition revenue forecasting; lead the central tuition estimating process; evaluate and track unit-level tuition projections.
• Maintain and further develop processes for tracking and reporting unit-level data submitted through the budget process.
• Expert on the cost allocation model. Coordinate and analyze statistics and other data used for the University's cost allocation model and process.
• Develop and write communications and other documents, such as annual operating budget instructions, President's proposed operating budget, communications to the units and other audiences, etc.

Unit Consultation and Support (30%):

• Maintain policies related to financial management. Coordinate with Policy Office, rewriting and reviewing with stakeholder groups.
• Coordinate and consult with Chief Financial Managers on carryforward and structural balances and conduct in-depth financial assessments of Resource Responsibility Centers. Provide reports to university and unit-level leaders.
• Coordinate with units to analyze and address issues related to fees, tuition rates, waivers, etc.
• Support chart-of-account (COA) maintenance with Accounting Services and other units, including unique accounting situations, system set up and maintenance, reporting, helpline tickets, department ID updates, etc.
• Coordinate and develop documentation and training opportunities and materials on the University's budget and budget-related topics.
• Act as the Chief Financial Manager and facilities lead for the SVPFO - Executive Vice President for Finance and Operations Resource Responsibility Center.

Data Analyses, Reporting and Projects (20%):

• Coordinate and provide in-depth analysis and/or work on periodic projects as assigned. These items may be short term (1-3 months) or may extend over a period of years and will include project and process management, financial analysis, reporting, presentation of materials, etc.
• Prepare ad hoc financial analyses to inform annual budget processes, long-range financial plans, and requests from University leaders or external audiences.
• Coordinate and prepare summary analysis and documentation on individual units and the University; coordinate and write University-wide reports.
• Lead and participate in projects centered around incentives and disincentives created by the budget model, trend analysis of particular costs or revenues, cost containment proposals, projections of specific revenue types or cost categories, use of chart of accounts to analyze data, etc.
• Assist with the final implementation of the PEAK initiative and assessing the impact on RRCs.

State Appropriations & the Biennial Budget (15%):

• Assist with developing the University's biennial budget request to the State of Minnesota; coordinate input and support documentation from partners across the University of Minnesota; write and submit documentation required by the state.
• Expert in the State of Minnesota budgeting systems; biennial budget request entry; reconciliation of state appropriations.
• Manage and track the University's appropriations from the State of Minnesota.
• Coordinate, write, and submit reports required by the state.

The responsibilities of this position include but are not limited to the above. The employer reserves the right to change or assign other duties to this position.

Required Qualifications (document qualifications on resume):

• BA/BS degree plus at least 12 years of experience.
• Experience in accounting, financial reporting, and budget in a higher education environment that demonstrates a substantial knowledge of budget analysis and projections. Experience should include coordination between finance, student and human resource systems.
• Experience leading teams.
• Experience with specific financial systems like Enterprise Financial Systems (EFS) or similar platforms
• Excellent written and verbal communication skills for explaining complex financial data to a non-expert audience.

Preferred Qualifications (document qualifications on resume):

• Advanced degree in accounting, analytics, public administration, public affairs, or a related field.

EVP Finance & Operations is a unit within the Office of Budget & Finance at the University of Minnesota. Reporting offices and functions include the Office of Institutional Compliance, the Office of Investments and Banking, and the University Budget Office.

Pay Range: $158,400 - $186,000; depending on education/qualifications/experience

Time Appointment: 100% Appointment

Position Type: Faculty and P&A Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

While our salary ranges provide a framework, it is important to note that most of the time, the initial pay may not reach the maximum of the range. This approach ensures that compensation reflects the value and unique contributions of each candidate while maintaining equity within our organization. As part of our commitment to fair and equitable compensation, please be aware that the salary offered to incoming candidates will be based on their individual credentials and experience.

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

Please document all qualifications on your resume.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).