Budget​/Financial Analyst, Penn Libraries

Budget/Financial Analyst, Penn Libraries University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research,and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education,all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been rankednationally on many occasions with the most recent award from Forbeswho named Penn one of America's Best Large Employers in 2023.

Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urbancampus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance andlandmarks, lively cultural offerings, and wide variety ofatmospheres, Philadelphia is the perfect place to call home forwork and play.

The University offers a competitive benefits package that includesexcellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources,and much more.

Budget/Financial Analyst, Penn Libraries

Accountant/Financial Analyst

The Penn Libraries Budget/Financial Analyst is responsible forcomplex budget analysis and developing multi-year financialforecasts to support revenue and expenditure planning that encompasses unrestricted funds, gifts, endowments, and grants (both internal and external). This position delivers financial reporting and insight by integrating data from multiple systems and conducting monthly variance analysis. The Budget Analyst generatesfinancial models to support strategic planning and decision-making,provides guidance on financial matters related to budgetperformance and resource allocation, gathers market and industrydata for competitive benchmarking, and engages in ongoing process improvement and documentation.

Given the complexity of the Penn Libraries, the individual in this position must possess a combination of big picture, intellectual curiosity, detailed thinking, and exceptional communication skills.

• Compile and maintain comprehensive capital and operatingfive-year budgets and current year forecasts built on historical trends, articulated assumptions, and strategic initiatives. Work closely with senior leaders and department managers to ensureforecasts are accurate, aligned with institutional priorities, and supported by clear financial data.
• Prepare standard and ad hoc financial reports for senior leaders and department managers, including monthly budget updatesthat identify variances and provide in-depth analysis of financial performance against budget and prior year results. Work closely with department managers and senior leaders to identify, document,review, and approve underlying assumptions and to ensure accurate reporting and forecasting.
• Prepare financial models that support forecasting and enablescenario planning. Create ad hoc reports when specific policy or operational questions arise. Identify trends, risks, and opportunities by developing financial analyses of specific areasand initiatives. Contextualize financial performance in industrydata.
• Partner with department managers to evaluate costs, monitor financial performance, and develop useful financial management tools that support the effective use of resources. Provide budgettraining to staff, including creating materials and conductingtrainings and presentations as necessary.
• Oversee reporting and variance analysis of human capitalactivity, including staffing changes and salary modeling; integrate
  
  Workday data into budgeting, forecasting, and planning processes.
• Oversee the annual fiscal year-end close process. Prepareroutine journal entries as well as complex correcting entries when needed.