Financial and Budget Analyst

The University of Maryland School of Medicine has an exciting opening for a Financial and Budget Analyst to work in the Department of Psychiatry.

The Department of Psychiatry has a tripartite mission of Clinical, Education and Research agendas, serving our surrounding community and the State of Maryland, and providing expertise at a national and international level. We are staffed with 85 full-time and 30 part-time faculty and provide a robust array of evidenced based services both locally at the University of Maryland Medical Center and remotely to the entire University of Maryland Medical System, which encompasses 13 hospitals.

The Department houses top tier competitively funded researchers, including those at the Maryland Psychiatric Research Center. With more than $43 million in federal grants and contracts, the Department is a leading clinical department within the University of Maryland School of Medicine.

UMB offers a comprehensive benefits package that prioritizes wellness, work/life balance, and professional development, along with additional exciting perks that employees can take advantage of. This position participates in a retirement program (pension or optional retirement plan/ORP) that must be selected and is effective on your date of hire. Exempt regular staff receive a generous PAID leave package that includes over 4 weeks of vacation accrued each year, 16 paid holidays, 3 personal leave, unlimited accrual of sick time, and comprehensive health insurance;

professional learning and development programs; tuition remission for employees and their dependents at any University System of Maryland school; and flexible work schedules and teleworking options (if applicable per job).

UMB is a public university and constituent institution of the University System of Maryland. All employees are expected to work primarily physically within the State of Maryland.

• Maintain financial and budget spreadsheets in order to analyze financial data and prepare accurate and timely financial reports for school or department administrators, state budget, and financial reporting.
• Download, compile, categorize, and manipulate the department or school financial data using quantitative models and formulas. Prepare and distribute accurate, concise, well-organized, and timely financial reports, presentations, and financial information which may include financial charts, forecasting, and/or budget vs. actual variance analysis.
• Work within deadlines to analyze and provide basic financial and budget forecasts for areas such as salaries, fringe benefits, indirect cost recoveries, state funds, revolving funds, grants and contracts, fund balances, and other areas as needed.
• Assist with reviewing and analyzing department or school assigned financial accounts and expenditures to identify patterns, trends, and anomalies in order to make accurate year-end revenue, expense, and surplus/deficit projections.
• Maintain and monitor budget archives and financial data files that can quickly be accessed and manipulated to generate the needed financial information and reporting.
• Assist with preparing responses for various internal and external agencies.
• Keep management informed of work progress and process improvements.
• Communicate with schools and administrative units to understand their financial activity, request data or additional information about a particular issue, discuss anomalies or discrepancies that are observed, and assist them with the preparation of various internal or external financial data requests.
• Document standard operating procedures (SOPs) for financial data workflows, dashboard maintenance, billing process and routines, auditing processes and other procedures…