Financial Analyst III - College of Medicine - Division of Finance and Administration; DOFA

Financial Analyst III Classification Minimum Requirements

• Bachelor’s degree in an appropriate area and four years of relevant experience.

The College of Medicine, Office of the Dean, Division of Finance and Administration (DOFA), is seeking a skilled and motivated Financial Analyst III to support critical financial operations within the college. Reporting to the Assistant Director of Finance for Reporting, Planning and Analysis, you will coordinate major financial reporting functions, perform comprehensive financial analyses, and develop policies and procedures to enhance financial administration in the areas of reporting and budgeting.

Key responsibilities include supporting the annual development, implementation, and monitoring of the COM Budget and contributing to the,, and maintenance of the annual faculty compensation plan. You will also handle other financial and analytical duties as assigned.

Ideal candidates will bring a strong foundation in financial analysis and budgeting, supported by a master’s degree in accounting, business, finance, or a related field. Proficiency with tools such as SQL and Excel, along with excellent organizational and communication skills, will be essential to collaborating effectively with stakeholders and succeeding in this role.

• Monitor financial performance of individual clinical departments. Work directly with individual departments to assess drivers of variances from budget, and highlight and report trends and significant variances affecting overall College of Medicine financial performance.
• Develop and monitor improvement plan for any budget variances noted.
• Prepare financial forecasts and proformas for new projects, and develop appropriate assumptions on volumes based on market indicators.
• Routinely assess actual vs. projected performance for projects and capital investments.
• Prepare and analyze various financial reports using tools such as Enterprise Analytics, Business Objects, and One Stream.
• Conduct ad-hoc analysis and special projects related to the COM Budget, faculty compensation plan, or other financial areas.
• Analyze and monitor monthly COM department budgets
  , including actual financial statements, investigating and analyzing variances, including clinical volumes, salary expenses, use of restricted funds, and operating expenses.
• Act as a liaison between College of Medicine departments and other functional areas and departments within the University.
• Provide subject matter expertise in reporting and analysis
  , offering assistance to departments.
• Assist in the development of best practices, reporting documentation, and training.
• Ensure compliance with regulations, reporting requirements, and data gathering for industry surveys.
• Analyze and monitor the monthly COM department budgets to actual financial statements, investigate, and analyze variances including clinical volumes, salary expense, use of restricted funds, operating expenses, etc.

• Support the coordination, compilation, and monitoring of the COM financial budget.
• Collaborate with departments to budget for salary, operating expenses, clinical revenue, contractual revenue, restricted revenue, and state general revenue.
• Interface with departments on budget matters and deadlines.
• Create and distribute preliminary and final budget reports to departments.
• Analyze departmental budgets for utilization of appropriate funding sources and clinical volumes.
• Help manage the shared COMFS Budget email and respond to department inquiries.
• Provide analysis for budgeted funding sources versus actual funding sources and distributions.
• Work with the budget team to ensure all objectives are met.

• Assist in the development and execution of reporting related to faculty variable compensation.
• Generate reports on faculty productivity and compensation data for leadership, department administrators, and faculty.
• Assist with monthly comp plan data loads, adjustments, and troubleshooting.
• Support the interpretation and application of the COM Faculty Compensation Plan rules and processes.
• Prepare and analyze…