Commitments Budget Analyst

University of Colorado Anschutz Medical Campus

Department:
School of Medicine, Office of the Dean

Job Title:

Commitments Budget Analyst

Position #:

- Requisition #:38990

Job Summary:

This Commitments Budget Analyst position in the University of Colorado School of Medicine, Dean's Office oversees the management, allocation, and financial analysis of a substantial ~$900M in funding allocated to departments, centers, and faculty across the School of Medicine.

This position requires a highly organized, detail-oriented, and analytical individual capable of complex data analytics, being responsible for large-scale budgets, forecasting, and providing strategic financial recommendations to ensure effective and efficient use of resources.

This position also collaborates with the University of Colorado Central Services (Finance, Central Budget Planning and Campus Strategy, Foundation, Office of Grants and Contracts), CU Medicine Finance, as well as collaborating with all Department & Center Directors of Finance and Administration to build all-funds cross-divisional financial statements and financial strategic plans.

Key Responsibilities:

Data Analytics & Projections (40%)

* Provide guidance and serve as a dedicated resource on all Dean commitment support. This includes Departments, Dean's Office initiatives, and strategic investments within the School of Medicine.

* Design, implement, and improve analytics systems, Commitments dashboards, and reporting tools to support strategic planning and operational excellence.

* Guide the collection, integration, and analysis of complex datasets to identify trends, forecast needs, and inform executive decision-making.

* Present data-driven recommendations and alternatives to senior leadership, translating complex analytics into actionable business strategies.

* Prepare forecasts and financial models to predict future funding requirements, departmental needs, and potential changes in revenue.

* Oversee the development, implementation, and monitoring of annual and multi-year budgets across various departments, centers, and faculty.

* Work with units to identify funding needs, set budgets, and adjust projections as necessary.

* Monitor and analyze variances between actual spending and budgeted amounts, identifying potential issues and recommending corrective actions.

* Monitoring to ensure accuracy of fiscal staff, project end dates, and project deficit resolution.

Database Alignment (20%)

* Collaborate with cross-functional teams-including finance, HR, operations, IT, and other Dean's Office units-to understand business requirements and ensure analytics reporting and solutions align with organizational needs.

* Work with the BI/Development team and SOM-IT to enhance database capabilities, automate reporting, and ensure data security and compliance.

* Create and enhance key dashboarding, projections & financial reporting.

Financial Operations (20%)

* Manage the commitment model for the School of Medicine. This includes tracking all active commitments, planned commitments, and pending Commitments against current assets and planned income models.

* Monthly Analysis, Executive Reporting, Ad-hoc Reporting and Analysis

* Ensure that expenditures are within budget. Provide support for budget allocations and modifications throughout the year. Work with administrators on deficit resolution

* Manage commitment architecture collaboration and administration, including Speedtype Set-up;
Funding Source;
Activity Code;
Budget Only Speed types;
Multi-year budget allocation

* Draft MOUs for new funding Dean Commitments/Support in partnership with Department & Center financial Leadership.

* Monitor and triage SOM Business Affairs AEFDEF and Finance email boxes and work with the SOM Dean's Office finance team to facilitate the needs of SOM Departments, Centers, Divisions, and programs.

Operational Strategy (10%)

* Developing, providing strategic recommendations, and directing the implementation of funds flows, allowing for commitment tracking and optimized department reporting, ensuring compliance with policies and regulations.

* Ensure the proper allocation of commitment dollars in alignment with strategic goals,…