Budget Analyst OR Financial and Budget Analyst

The School of Social Work's Institute for Innovation and Implementation is looking for a motivated Budget Analyst OR Financial and Budget Analyst to join its diverse and robust team who will support and manage awarded contracts and grants. This position will apply budgetary and decision-making skills to ensure all grant expenses align with the budget and goals of the award. The selected candidate's title will be determined based on their experience and education.

The Institute for Innovation and Implementation works collaboratively with public and private child and family-serving agencies and other stakeholders to support the development and implementation of evidence-based or promising programs. It provides training and technical assistance and data reporting and evaluation that build the capacity to implement and continuously improve effective and evidence-based programs and practices. The Institute provides or maintains partnerships to provide the expertise to support the implementation, fidelity monitoring, and evaluation of nine evidence-based or promising models being used in jurisdictions throughout Maryland.

The Institute is a training, technical assistance, evaluation, policy, systems design, and finance center focused on child- and family-serving systems. The Institute supports state and local governments and organizations to implement effective systems and practices to meet the needs of children and youth with complex needs and their families. The Institute integrates its policy and finance; training, technical assistance, implementation and research and evaluation activities to assist governmental and other organizational entities to achieve better outcomes for children, youth, and their families.

Essential Functions:

Budget Analyst

• Responsible for preparing, analyzing, and reporting statistical data for departmental budgets, while maintaining this information and coordinating all necessary files into audited budgetary and financial forecast.
• Performs line by line trend analyses and financial forecasts of departmental budgets. Prepare reports to show budget status.
• Prepares and assembles statistical data and reports for use in budgetary evaluation, maintaining downloaded data to coordinate necessary computer files.
• Examines a variety of financial statements for completeness and accuracy and conformity with fiscal policy, assisting in maintenance and reconciliation where needed.
• Provides technical advice and assistance to departmental faculty and managers on adherence to budget and control procedures.
• Produce and analyze sections of special reports and projects or participate in additional departmental and administrative services as needed.
• Review historical award tracking systems for compliance and accuracy of reporting and develop new systems as needed.
• Programmatic objectives of sponsored program budgeting while adhering to grant and contract agency guidelines.
• Serves as the primary department liaison with sponsored agencies and UMB Financial Affairs Office in meeting post award reporting requirements.
• Performs other duties as assigned.

Financial and Budget Analyst

• 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.
• Adhere to established University's policies, processes, and procedures.
• Performs other duties as assigned.

Qualifications:

Budget Analyst

Education: Bachelor's degree in Finance, Accounting, Economics, Business Administration, or business-related field is required. Master's degree is preferred.

Experience: Two (2) years of experience in accounting, budgeting, or related field.

Other: Related experience may be substituted for education.

Financial and Budget Analyst

Education: Bachelor's degree in Finance, Accounting, Economics, Business Administration, or business-related field is required. Master's degree is preferred.

Experience: Three (3) years of experience in financial analysis, management accounting, budgeting, auditing, data management, or data analysis with one (1) year of experience in financial analysis, management accounting, budgeting, auditing or assessment of internal controls. Prior experience with research and/or sponsored programs in an educational environment is preferred.

Other: Related experience may be substituted for education.

Knowledge, Skills, and Abilities:

• Knowledge of all applicable requirements, regulations, and laws.
• Ability to effectively communicate both verbal and written thoughts, ideas, and facts.
• Ability to work cooperatively with others and independently.
• Ability to demonstrate, understand, apply, and adhere to the UMB Core Values of Respect and Integrity, Well-being and Sustainability, Equity and Justice, and Innovation and Discovery.

Budget Analyst Hiring Range: $65,000 - $72,000, commensurate with education and experience.

Financial and Budget Analyst Hiring Range: $74,000 - $82,000, commensurate with education and experience.