Financial Analyst

## Financial Analyst Apply remote type:
Hybrid locations:
Chicago, ILtime type:
Full time posted on:
Posted Todayjob requisition :
JR34226
** Department
* * OPS Facilities Strategic Resources Finance Analysis Management 1
** About the Department
** Facilities Services supports the mission of the University of Chicago through efforts to maintain and enhance the University campus and environment and provide superior client service to our community including faculty, students, staff, neighbors, and visitors.
** Job Summary
** Reporting to the Manager, Financial Analysis, the Financial Analyst provides support for special projects, assists with ad hoc reporting and addresses requests for information to support the changing business needs of Facilities Services. He/she supports the University by recommending and implementing changes in analyses and budgetary methods and procedures as well as analysis and financial reporting. Serving as a liaison with University and departmental financial administrators, the Financial Analyst has responsibility for compiling and monitoring all financial, budgeting, and accounting reporting.
** Responsibilities
* ** Responsible for managing the day to day finances. Ensures that budgets are set-up properly and adjustments are made timely.  Provides specialized analysis and administration of the budget.
* Prepares and advises on operational and/or capital budgets for all Facilities Services units. Provides analytical support for more complex budget projects. Analyzes budget estimates and proposals for completeness; accuracy; and conformance with established departmental and University procedures, regulations, and objectives.
* Verifies available funding for new contracts and contract changes.  Reviews contractors’ pay applications to ensure support documentation is sufficient and complies with contract terms, and Standard Operating Procedures. Identify and report any financial risk.
* Fosters sound financial management of project budgets by conducting financial meetings with all stakeholders. Prepares weekly financial reports, which includes written variance explanations and risk analysis based on actual results and collaboration with clients. Recommend budget revisions, reallocations, and budget cuts to avoid or alleviate deficits.
* Responsible for developing ad hoc reporting requests and monthly close activities such as ensuring contract encumbrances are accurate, and recharge fees are properly recorded, and appropriate journal entries are booked.  Manage and oversee fees and assessments.
* Fosters planning and resource allocation by developing benchmarking tools that are useful to analyze expenses and budgets.
* Prepares updates and contributes to the maintenance of the Finance Policy and Procedure Manual.
* Supports finance team members with reporting tools as needed.
* Provides analytical support for moderately complex budget projects. Analyzes budget estimates and proposals for completeness; accuracy; and conformance with established procedures, regulations, and organizational objectives.
* Reports on variances between the approved budget and actual performance and recommends revised procedures.
* Performs other related work as needed.
** Minimum Qualifications
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* Education:

** Minimum requirements include a college or university degree in related field.
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* Work Experience:

** Minimum requirements include knowledge and skills developed through 5-7 years of work experience in a related job discipline.
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* Certifications:

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- **** Preferred Qualifications
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* Education:

*** BS/BA Accounting, Finance, or relevant field of study.
* MBA.
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* Experience:

*** Five years of progressive financial experience.
* Financial and/or accounting experience in a university environment.
* Experience in financial modeling.
* Has a deep understanding of operational budgets for departments or other operational units.
* Reports on variances between the approved budget and actual performance and recommends revised procedures.
* Provides analytical support for moderately complex budget projects. Analyzes budget estimates and proposals for completeness; accuracy; and conformance with established procedures, regulations,…