Budget & Financial Analyst 3

TITLE

Budget and Financial Analyst III 

JOB SUMMARY

This position’s primary area of responsibility is financial analysis, forecasting, and variance explanation related to TWU budgetary activity (revenues, personnel, capital, and/or operating expenditures). Responsible for measuring actual performance against budget. Responsible for interpreting statutes and providing guidance as related to campus expenditures. Focus includes financial analysis and reporting required by the State of Texas. Duties include the development and writing of the Legislative Appropriations Request (LAR), monitoring, and working with the Legislative Budget Board for timely responses to legislative requests. Work is performed under general supervision and performance evaluation is based upon completion of assignments and results obtained. The performance evaluation is conducted through the performance evaluation system and in accordance with the University Policies & Procedures. 

ORGANIZATIONAL RELATIONSHIPS

Reports to:    Chief Budget Officer

Supervises:No supervisory responsibilities 

ESSENTIAL DUTIES -May include, but not limited to the following:

1. Contributes essential information related to campus expenditures to the University Budget – from development stages, through interim reporting, as well as, year-end activities.
2. Develops financial analysis, forecasting, and variance explanation related to TWU revenues and/or expenditures.  Emphasis in position control review and tracking. 
3. Reviews and analyzes budget versus actual data to identify gaps, trends, and/or the need for short-term and/or long-term adjustments in connection with the monthly variance analysis.  Prepares variance analysis summaries on a regular basis. 
4. Develops and analyzes ad hoc analysis relating to campus revenues and/or expenditures as requested.
5. Works with requestors to determine the impact to various possible changes in funding levels both short-term and long-term.
6. Prepares budget transfers and, if necessary, updates the budget module.
7. Assists in the modeling and forecasting of campus revenues and/or expenditures as assigned to the analyst.
8. Assists in developing recommendations for budget allocations in conformance with budgetary policies, limits, and institutional or regulatory constraints. 
9. Answers budget and finance questions related to campus financial activity as required.
10. Provides Oracle Cloud budget training to departments as requested.

• Coordinates, and prepares, the Legislative Appropriations Request (LAR) each biennium. 
• Coordinates, and provides responses to the LAR related to fiscal notes, requests for information, and other related elements.
• Responds to information inquiries from the Legislative Budget Board and various Texas Agencies as assigned.
• Coordinates and prepares reporting documents for the Base Reconciliation, conducts a quarterly USAS-ABEST reconciliation, and prepares other reporting as required by the State of Texas. 
• Monitors and analyzes legislative appropriation issues related to higher education in an on-going basis in order to maximize funding for TWU and the TWU system.

ADDITIONAL DUTIES

• Performs other duties as requested.

EDUCATION

Minimum Bachelor’s degree in Accounting, Financial, Business or equivalent.  Master’s degree preferred.

EXPERIENCE

Minimum of four to seven years of related experience. Experience in higher education and/or capital expenditure budget analysis is a plus. Experience in Oracle Cloud budgeting and/or reporting is a plus.

REQUIREMENT

Regular and reliable attendance at the University during regular scheduled days and work hours is an essential function of this position.  

All employees share the responsibility of maintaining information security and privacy requirements within the university by adhering to Federal and State regulations, and TWU Policies & Procedures.

KNOWLEDGE, SKILLS, AND ABILITIES - The following are essential:

• Knowledge of financial modeling and/or data analytics tools.
• Knowledge of budget, accounting, human resources, and payroll systems and processes.
• Ability to apply budgetary and fiscal planning techniques within financial constraints.
• Ability to organize work effectively, conceptualize, and prioritize objectives and exercise independent judgement.
• Ability to establish, and maintain, work relationships with the administration, faculty, staff, and the public.
• Ability to integrate resources, policies, and information for the determination of procedures, solutions, and outcomes.
• Strong communication skills, both oral and written.
• Skill in PC based software (Excel, Word, etc.), calculator.
• Ability to use a personal computer and other office equipment, including related university software and email. 

PHYSICAL DEMANDS

The physical demands described in the Essential Duties and below are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

The employee may be required to travel and work evenings and weekends.

WORK ENVIRONMENT

All employees are responsible for maintaining an environment that is free from discrimination, intimidation, harassment, including sexual harassment. Work is normally performed in a typical interior work environment. 

SAFETY

TWU promotes a safe working environment. Employees are responsible for completing assigned tasks safely and efficiently, and supervisors are responsible for creating and maintaining a safe work environment. Employees must report any unsafe work conditions or practices, as well as any near-miss incidents, to their supervisor and Risk Management. Supervisors and employees should ensure that injury/accident reports are submitted to the Office of Human Resources and Risk Management within 24 hours of the incident.

The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.

Texas Woman’s University strives to provide an educational environment that affirms the rights and dignity of each individual, fosters diversity, and encourages a respect for the differences among persons. Discrimination or harassment of any kind is considered inappropriate.

Texas Woman’s University is committed to equal opportunity in employment and education and does not discriminate on the basis of race, color, religion, gender, sex, sexual orientation, ethnic origin, age, veteran’s status, or against qualified disabled persons.

All positions at Texas Woman’s University are deemed security sensitive requiring background checks.

If you are a male between the age of 18 and 25, federal law requires that you must be registered with the U.S. Selective Service System, unless you meet certain exemptions under Selective Service law. Under HB 558, enacted by the 76th Texas State Legislature, if you are currently of the age and gender requiring registration with Selective Service, but knowingly and willfully fail to do so, you are ineligible for employment with an agency in any branch of Texas state government.  For additional information regarding registration or status, you can contact the Selective Service System at 847-688-6888 or www.sss.gov.