Budget 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. 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: Associate Vice President, Budget and Finance

Supervises: No supervisory responsibilities

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

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

ADDITIONAL DUTIES

• Performs other duties as requested.

EDUCATION

Minimum Bachelor's degree in 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.

Please include a cover letter with your application.

KNOWLEDGE, SKILLS, AND ABILITIES - The following are essential:

• Knowledge of financial modeling and/or data analytics tools.
• Knowledge of budget, accounting, human resources, and payroll systems and processes.
• Ability to apply budgetary and fiscal planning techniques within financial constraints.
• Ability to organize work effectively, conceptualize, and prioritize objectives and exercise independent judgement.
• Ability to establish, and maintain, work relationships with the administration, faculty, staff, and the public.
• Ability to integrate resources, policies, and information for the determination of procedures, solutions, and outcomes.
• Strong communication skills, both oral and written.
• Skill in PC based software (Excel, Word, etc.), calculator.
• Ability to use a personal computer and other office equipment, including related university software and email.

PHYSICAL DEMANDS

The physical demands described in the Essential Duties and below are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

The employee may be required to travel and work evenings and weekends.

WORK ENVIRONMENT

All employees are responsible for maintaining an environment that is free from discrimination, intimidation, harassment, including sexual harassment. Work is normally performed in a typical interior work environment.

SAFETY

TWU promotes a safe working environment. Employees are responsible for completing assigned tasks safely and efficiently, and supervisors are responsible for creating and maintaining a safe work environment. Employees must report any unsafe work conditions or practices, as well as any near-miss incidents, to their supervisor and Risk Management. Supervisors and employees should ensure that injury/accident reports are submitted to the Office of Human Resources and Risk Management within 24 hours of the incident.

The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.

Texas Woman's University strives to provide an educational environment that affirms the rights and dignity of each individual, fosters diversity, and encourages a respect for the differences among persons. Discrimination or harassment of any kind is considered inappropriate.

Texas Woman's University is committed to equal opportunity in employment and education and does not discriminate on the basis of race, color, religion, gender, sex, sexual orientation, ethnic origin, age, veteran's status, or against qualified disabled persons.

All positions at Texas Woman's University are deemed security sensitive requiring background checks.