Budget Analyst II- School of Social Work

$47,866 - $57,441/Yr

Wayne State University - Detroit, MI

Full-time - Mid Level

Detroit, MI

Educational Services

About the position

The Budget Analyst II position at Wayne State University's School of Social Work involves managing and analyzing financial data to support the budgeting operations of the unit. The role requires a strong understanding of financial principles and practices, as well as the ability to communicate effectively with various stakeholders. The analyst will be responsible for monitoring expenditures, preparing budget requests, and ensuring compliance with university policies and grant guidelines.

Responsibilities

• Develop, monitor and maintain moderate to large operating accounts in support of an assigned unit.
• Forecast and analyze expenditures and revenues to maintain financial control and accountability for major budgeting operation.
• Review and authorize large dollar volume expenditures and revenue collection to ensure budgetary appropriateness and fund availability.
• Monitor and control expenditures to ensure transactions are in compliance with policies and procedures.
• Review Financial Management System (FMS/BAR) for account balances; Human Resource System (HRS) for personnel items; account files for grant budgets and agency guidelines.
• Prepare annual budget requests.
• Assist and participate in University General Fund Budget submission.
• Perform variance analysis to identify inefficiencies with regard to spending and collection practices.
• Analyze monthly accounting reports and project expenses and budget estimates.
• Oversee and participate in maintenance of position roster.
• Initiate, authorize and monitor budget transfers.
• Review and grant budgeting approval of personnel actions; determine availability of budget funds necessary to maintain position and budget control.
• Conduct deficit monitoring and clearance of general fund, designated, auxiliary and indirect cost funds; review and interpret financial commitments.
• Compile statistical data and prepare detailed computerized financial reports and analysis necessary for budgeting and planning needs.
• Maintain financial records and internal computerized databases in order to generate a variety of adhoc budget reports and tracking mechanisms.
• Serve as resource person and liaison to departmental administrators, principal investigators, outside vendors and other officials to explain budget management procedures, the Financial Accounting System (FAS), granting agency guidelines, and University policies and procedures.
• Review budgetary forms and documents to ensure adherence to established budgeting procedures and requirements as well as granting agency guidelines and regulations.
• Provide functional supervision to subordinate clerical and technical personnel.
• Train in appropriate bookkeeping and accounting principles and methods.
• Oversee and participate in special projects which involve generating management information reports and interfacing with various internal and external administrative offices and departments.

Requirements

• Graduation from an accredited college or university with major coursework in business administration, accounting, finance or related field or an equivalent combination of education and/or experience.
• Reasonable knowledge of accounting, finance or budgeting principles and practices.
• Strong analytic and problem solving skills.
• Strong statistical background.
• Reasonable practical work experience with computer applications, computerized accounting systems and spreadsheet design.
• Ability to communicate effectively with others.
• Excellent oral and/or written communication skills.
• Ability to prepare varied financial statements, reports and analyses.
• Reasonable knowledge of University policies and procedures.
• Some knowledge and experience of the University's Financial Management System (FMS/BAR), Human Resource System (HRS) and Focus and/or Access programming language.
• Some knowledge or experience with interpreting and application of granting agency guidelines.

Nice-to-haves

• Experience with grant budgeting and compliance.
• Familiarity with university financial systems and procedures.

Benefits

• Competitive salary range of $47,866 - $57,441 annually.
• Opportunities for professional development and training.
• Participation in a diverse and inclusive work environment.