Budget Officer

Under the supervision of the Director of Budget for the School of Medicine (SOM), we are seeking a Budget Officer who will provide support for the School's operating budgeting processes, quarterly reporting processes, and other planning and financial analysis tasks and initiatives.

Johns Hopkins School of Medicine has a $3 billion annual operating budget. The School is made up of thirty-seven clinical and basic science departments and institutes in addition to several Central School operating units. The SOM Central Finance Office manages the development, monitoring and analysis of the Operating and Capital Budgets and Five-Year Plans. The SOM Central Finance Office works in collaboration with the staff and management throughout the departments and central administration.

Specific Duties & Responsibilities

Budget Preparation

• Participate in the formulation and development of the SOM Operating Budget and Five-Year Plan. This involves creating planning guidelines for departmental and Central School operating budgets and reviewing and analyzing all budget documents in preparation for meetings with SOM leadership.
• Support the SOM budget process by creating budget templates and other documents for SOM departments to submit budget information.
• Prepare data files, budget summaries, and briefing presentations regarding departmental and SOM operating budgets using SAP, Oracle, Microsoft Office products, and other budget preparation tools.
• Coordinate with senior School of Medicine leadership, the Executive Director of Financial Planning & Analysis (FP&A), the SOM Director of Budget, Finance and Budget Office staff, and other School of Medicine staff to prepare the final Operating and Capital Budget and Five-Year Plan presentations for the relevant trustee committees.

Financial Performance & Analysis

• Collaborate with other FP&A staff and the Financial Operations team to prepare SOM quarterly projections. This includes reviewing and analyzing the operating results of Central School and all departments.
• Recommend and implement improvements to quarterly reports and processes.
• Analyze financial trends and performance of SOM departments to inform the budget. This requires financial modeling, reviewing departmental budgets, conducting independent research, and consulting with department leadership and staff.
• Conduct in-depth research and analysis on financial, organizational, and budget issues and initiatives to provide leadership with information and recommendations, as assigned.
• Support other members of the budget team in completing analyses, financial reports, and presentation materials.

Scope of Responsibility

• Oversee the SOM Operating Plan.
• Provide guidance to the SOM FP&A staff.
• Conduct financial analysis and reporting.
• Interact functionally with leadership and staff to include SOM Leadership, SOM Central Finance Team, Department Finance Staff, University Planning and Budget Office, Johns Hopkins Health System Planning and Budget Office, and Department leadership and other staff, as needed.

Additional Knowledge, Skills & Abilities

• Outstanding analytical skills for interpreting budgetary, financial, and related organizational performance or management information.
• Skills in quantitative financial and budget analyses, including developing financial models to forecast financial results under different scenarios.
• Well-developed written and verbal communication skills.
• Ability to build strong relationships with people at all levels of the organization.
• Advanced technical experience in using financial software to develop and maintain financial models and automated financial reports.
• Working knowledge of general accounting principles and practices.

Physical Requirements

• Sitting in a normal seated position for extended periods of time.
• Finger dexterity required to manipulate objects with fingers rather than with whole hand(s) or arm(s), for example, using a keyboard.
• Occasionally lifting, carrying objects weighing 10 lbs. or less.

• Bachelor's Degree required in Finance, Accounting, or related field.
• Five years of progressively responsible budget and financial analysis experience.
  
• Additional education (Master's in a related field) may substitute for required experience and additional related experience may substitute for required education, to the extent permitted by JHU equivalency formula.

• Master's Degree in Finance, Business, Public Administration or related field.
• Experience in higher education.

Classified Title: Budget Officer
Role/Level/Range: ATP/04/PE
Starting Salary Range: $73,300 - $128,300 Annually ($100,800 targeted; Commensurate with experience)
Employee group: Full Time
Schedule: Mon-Fri, 8.30am-5.00pm
Exempt Status:Exempt
Location:Hybrid/School of Medicine Campus
Department name: SOM Admin Finance FP&A
Personnel area: School of Medicine