Senior Budget Analyst

Position Overview:

The University of Minnesota Budget Office seeks a Senior Analyst to serve as a financial leader responsible for providing budgetary maintenance, fund allocations and modifications, data analysis and reports, and financial oversight and analysis for the Institution. This position yields a high degree of autonomy, and is viewed as a collaborator and advisor to all units in order to carry out essential budgetary processes impacting the entire University system. This position reports directly to the Vice President & Budget Director.

Responsibilities include but are not limited to:

Budget Maintenance (45%):

• Lead Detailed Budget Entry process to ensure that budgets are entered into the Enterprise Financial System (EFS) based on expected parameters and system requirements (training materials, budget instructions, issue resolution, budget set up and loading, customer services).
• Lead the submission process and evaluation of fee requests to include setting expectations for fee entry in the Tuition and Fee Management System (TFMS), ensuring policy compliance, and coordination with Student Finance on setup parameters.
• Produce tuition and fee rate attachments to the President's Recommended Annual Operating Budget.
• Distribute centrally-collected tuition to appropriate parties.
• Develop trees for departments to ensure their effective use in the annual budget process and institutional reporting.
• Maintain policies related to financial management, tuition and fees, etc; Coordinate with Policy Office, rewriting and reviewing with stakeholder groups.
• Manage unforeseen budget adjustments as needed.

Unit Consultation and Support (15%):

• Partner with Module Support on UM Budgeting Module maintenance and enhancements.
• Coordinate with Student Finance on issues related to fees, tuition rates, waivers, and tuition attribution issues and reporting, and maintenance of TFMS.
• Facilitate chart-of-account (COA) maintenance with Accounting Services and other units, including unique accounting situations, system set up and maintenance, reporting, helpline tickets, department ID updates, etc.

Data Analysis, Reporting, and Processes (25%):

• Coordinate the development and submission of fringe benefit rates to our cognitive agency.
• Evaluate and develop recommendations for fringe benefit modifications; Manage allocations from the internal administration fringe benefit pool.
• Manage the 27th pay date accrual process and the accrual reversal.\
• Complete TIP distributions, Enterprise Assessment distributions, insurance allocation reports, balance review, fiscal pages, the Administrative Overhead Report, and financial data for two-pagers; Provide capital enhancement fee oversight.

Ad Hoc Reporting and Projects (15%):

• Prepare financial analyses in a role as system-wide fiscal analyst to inform annual budget processes, long-range financial plans, or general financial management issues of the University.
• Participate in projects centered around incentives and disincentives created by the budget model, trend analysis of particular costs or revenues, cost containment proposals, projections of specific revenue types or cost categories, use of chart of accounts to analyze data, etc.
• Provide oversight of PEAK project expenses, assist in evaluation of PEAK impacts on RRCs and central unit budget requests, etc.

The responsibilities of this position include but are not limited to the above. The employer reserves the right to change or assign other duties to this position.

*Please document qualifications on resume*

Required Qualifications:

• BA/BS degree plus at least 10 years of experience.
• Experience in accounting, financial reporting, and budget in a higher education environment that demonstrates a substantial knowledge of the budget and accounting cycle and related reporting. Experience should include coordination between finance, student and human resource systems.
• Experience with specific financial systems like Enterprise Financial Systems (EFS) or similar platforms
• Excellent written and verbal communication skills for explaining complex financial data to a non-expert audience.

Preferred Qualifications:

• Advanced degree in accounting, analytics, public administration, public affairs, or a related field.

EVP Finance & Operations is a unit within the Office of Budget & Finance at the University of Minnesota. Reporting offices and functions include the Office of Institutional Compliance, the Office of Investments and Banking, and the University Budget Office.

Pay Range: $146,850 - $172,000; depending on education/qualifications/experience

Time Appointment Category: 100% Appointment

Position Type: P&A Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

While our salary ranges provide a framework, it is important to note that most of the time, the initial pay may not reach the maximum of the range. This approach ensures that compensation reflects the value and unique contributions of each candidate while maintaining equity within our organization. As part of our commitment to fair and equitable compensation, please be aware that the salary offered to incoming candidates will be based on their individual credentials and experience.

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

Resume and cover letter. Candidates will be asked to provide references at a later date.

*Please document qualifications on resume*

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).