Budget Analyst III - Office of Fiscal Affairs

$52,400 - $62,877/Yr

Wayne State University - Detroit, MI

Full-time - Mid Level

Detroit, MI

Educational Services

About the position

Wayne State University is seeking an experienced Budget Analyst III to join the Office of Fiscal Affairs at its Detroit campus. This position plays a crucial role in the preparation, development, implementation, and modification of the University budget. The Budget Analyst III will be responsible for compiling data and performing complex analyses and interpretations of fiscal data to ensure effective budget control and forecasting. The successful candidate will work closely with various departments, providing essential data for fiscal projections and related reports, and will apply formulas and models to generate information for scheduled reports and special projects as needed. In this role, the Budget Analyst III will assist administrators in interpreting and implementing budgetary policies and procedures, ensuring compliance with established University controls. The analyst will serve as a liaison to all School, College, and Division administrators, advising them on budgetary matters and reviewing and processing budget procedures. The position may require in-depth analysis of unique problems and developments that arise during the fiscal year, providing budget recommendations, justifications, and projections. Additionally, the analyst may be tasked with developing and modifying budget policies and procedures to enhance the efficiency of resource allocation across the University. The Budget Analyst III will compile and provide information regarding budget and account activities, personnel rosters, and budget documents. Monitoring and reconciling budgets, accounts, and rosters will also be part of the responsibilities, along with providing functional supervision to subordinate clerical and technical personnel. The analyst will be expected to develop and conduct presentations in support of budgetary analysis and provide recommendations based on their findings. Participation in various special projects, including the preparation and completion of annual federal and state surveys, will also be required. This position demands a high level of independent analysis, creativity in developing fiscal analysis and proposals, and close interaction with University officials and administrators to implement effective budgetary policies and procedures.

Responsibilities

• Coordinate and lead the preparation, development, implementation, and modification of the University budget.
• Compile and provide data for fiscal projections and related reports.
• Apply formulas and models to provide information for scheduled reports and special projects.
• Assist administrators in interpreting and implementing budgetary policies and procedures.
• Serve as a liaison to School, College, and Division administrators regarding budgetary matters.
• Identify and interpret sources of relevant data for budget formula calculations and comparisons.
• Perform in-depth analysis of unique problems and developments for budget recommendations and justifications.
• Develop, recommend, and modify budget policies and procedures to improve resource allocation efficiency.
• Compile and provide information regarding budget and account activities, personnel rosters, and budget documents.
• Monitor and reconcile budgets, accounts, and rosters for compliance with established policies.
• Provide functional supervision to subordinate clerical and technical personnel.
• Train staff in appropriate bookkeeping and accounting principles and methods.
• Develop and conduct presentations in support of budgetary analysis and recommendations.
• Attend budget hearings and respond to inquiries, developing issue statements as needed.
• Participate in special projects requiring data compilation and analysis for report preparation.
• Coordinate and participate in the preparation of annual federal and state surveys, collecting and analyzing data.

Requirements

• Graduation from an accredited college or university with major coursework in business administration, accounting, finance, or related field.
• Considerable knowledge of governmental budgeting techniques and ratio analyses.
• Considerable experience in budget and program analysis.
• Practical work experience with computer applications, computerized accounting systems, spreadsheets, and data analysis.
• Strong analytical and problem-solving skills.
• Ability to communicate effectively with others, both orally and in writing.
• Ability to organize and prioritize tasks and manage multiple deadlines.

Nice-to-haves

• Some knowledge of the University's Financial Management System (FMS/BAR), Human Resource System (HRS), and FOCUS and/or Access programming language.