PAY GRADE: 30E

CONTEXT OF THE JOB:

In the Land Grant tradition, the College of Agriculture and Natural Resources (CANR) receives over $9 million from federal, state and county sources for research and extension, in addition to generating revenue to support an annual basic budget of ~$25 million. The college also receives extramural grant support from USDA, NSF and other federal agencies, state agencies, and private industry and foundation sources. In a typical year, faculty and staff generate over a hundred awards totaling $18 million. Entrepreneurial ventures such as the UDairy Creamery and Newark Farm generate another $2 million and the College’s endowment produces nearly $1 million per year in spendable revenue. 

Reporting to the Senior Business Officer, the Financial Analyst I performs complex financial/budgetary projections, modeling, analyses of revenue and expense activity, and cost feasibility studies to facilitate decision-making and short- and long-term planning. The Financial Analyst is responsible for reporting and analysis in the areas of financial management, sponsored programs, and student enrollment. The incumbent will be responsible for the execution of internal financial controls and auditing processes, including the monitoring of allowable expenses based on Federal, State, University, and College policies.

MAJOR RESPONSIBILITIES:

• Assists with the development of multi-year budget plans and projections that ensure the College can effectively implement its strategic and business plans
• Prepares and reviews financial/budgetary projections, including analysis of budgetary and financial compliance. Provide recommendations and means of resolution for potential financial/budgetary problems and for improving financial/budgetary processes and procedures.
• Works closely with the Sr. Business Officer to determine the annual allocations of Department operating budget, undergraduate and graduate funding, temporary teaching funds and student and faculty recruiting budgets.
• Performs customized and complex financial analyses, including financial and budgetary revenue and expense projections, analyses of actual activity, and cost feasibility studies to facilitate decision-making and planning as requested.
• Assists with the development of planning models to analyze financial impact of enrollment changes, new program/department creation, increase/decrease in research expenditures, capital projects and other financial scenarios, all with fostering cost-effective operations.
• Recommends and resolves potential financial/budgetary issues. Strives to improve the efficiency and effectiveness of existing processes and looks for alternatives that better meet business needs. Recommends and assists in implementing enhancements to financial/budgetary processes and procedures.
• Monitors and tracks college-level obligations which include one-time commitments such as start-up, equipment match, and retirement payments.
• Researches variances to budget, prior month forecast and prior year actuals.
• Researches budgetary matters related to personnel appointments and salary increases
• Processes and approves journal vouchers, budget revisions, and supervise account reconciliation
• Works closely with Sr. Business Officer to prepare and complete fiscal year operational budgets for college, departments and self-supporting units for budget turnaround.
• Works directly with the Budget Office as the College Basic Budget Turnaround (BTA) Owner to complete budget turnaround.
• Interacts with Budget Office, Institutional Research and Effectiveness, Research Office, Payroll, and Procurement Services to resolve financial problems and administrative issues.
• Acts as the lead procurement specialist for the College, allocating and approving procurement expenses when needed and providing guidance to various units. 
• Performs other job-related duties as assigned. 

QUALIFICATIONS:

• Bachelor’s degree in business administration, management, accounting, or related field and four years of experience or equivalent combination of education and experience.
• Effective analytical and technical skills are required, including the use of financial management systems, relational databases, spreadsheets, and word-processing software programs. 
• Ability to work independently and handle multiple tasks simultaneously.
• Effective analytical and technical skills, including the use of financial management systems, relational databases, spreadsheets, and data vizualization platforms to illustrate complex financial reports, comparisons, impacts, and projections
• Ability to gather and analyze statistical data and generate ad-hoc reports that are meaningful and understandable to those not familiar with the data being reported.
• Ability to interpret, adapt, and apply guidelines and procedures.
• Ability to effectively communicate technical concepts, both verbally and in writing.
• Knowledge of software to quantify and illustrate complex financial reports, comparisons, impacts, and projections.
• Strong interpersonal skills.