Budget Analyst

Job Summary

The Budget Analyst will play a vital role in developing and managing the department's annual budget across clinical, research, and education operations. This position is responsible for consolidating individual operational budgets into a comprehensive department-wide financial plan, with a strong emphasis on employee compensation budgeting. The ideal candidate will have a solid understanding of accounting and financial principles, including GAAP and cost accounting, and will ensure accurate financial processing and reporting to support division and department leadership. Strong communication skills are essential. The ideal candidate will be able to clearly explain complex financial concepts and data to clinical providers and non-financial stakeholders, ensuring transparency and understanding across all levels of the organization.

This position supports hybrid work environment. The Budget Analyst will be required to work onsite based on department need at our office located in Salt Lake City, Utah.

Learn more about the great benefits of working for University of Utah: benefits.utah.edu

The department may choose to hire at any of the below job levels and associated pay rates based on their business need and budget.

Responsibilities

Budget Analyst, II

• Develop, analyze, and manage departmental budgets, allocating current resources and forecasting future financial requirements across divisions, programs, and operations.
• Prepare and maintain budget variance reports, including unit cost variance analyses, to identify cost drivers and support financial decision-making.
• Conduct compensation analyses for faculty, providers, and staff, including strategic updates and recommendations aligned with market benchmarks.
• Support accurate and timely compensation in alignment with departmental salary plans.
• Monitor and review expenditures, ensuring funds are appropriately allocated and spent in accordance with budgetary guidelines and cost accounting principles.
• Collaborate with clinical and administrative leadership to analyze current operations, model new initiatives, and forecast financial impacts of proposed programs.
• Design and present financial dashboards, charts, and reports, effectively summarizing key operational and financial metrics for stakeholders.
• Conduct productivity studies and operational analyses to identify opportunities for efficiency improvements and strategic growth.
• Ensure consistent application of financial policies and procedures, developing departmental processes in alignment with University guidelines.
• Serve as a subject matter expert, performing complex work independently with significant latitude for judgment and decision-making.

Job Code: P21182

Budget Analyst, III

• Develop, analyze, and manage departmental budgets, allocating current resources and forecasting future financial requirements across divisions, programs, and operations.
• Prepare and maintain budget variance reports, including unit cost variance analyses, to identify cost drivers and support financial decision-making.
• Conduct compensation analyses for faculty, providers, and staff, including strategic updates and recommendations aligned with market benchmarks.
• Support accurate and timely compensation in alignment with departmental salary plans.
• Monitor and review expenditures, ensuring funds are appropriately allocated and spent in accordance with budgetary guidelines and cost accounting principles.
• Collaborate with clinical and administrative leadership to analyze current operations, model new initiatives, and forecast financial impacts of proposed programs.
• Design and present financial dashboards, charts, and reports, effectively summarizing key operational and financial metrics for stakeholders.
• Conduct productivity studies and operational analyses to identify opportunities for efficiency improvements and strategic growth.
• Ensure consistent application of financial policies and procedures, developing departmental processes in alignment with University guidelines.
• Serve as a subject matter expert, performing complex work independently with significant latitude for judgment and decision-making.

Job Code: P21183

Budget Analyst, IV

• Develop, analyze, and manage departmental budgets, allocating current resources and forecasting future financial requirements across divisions, programs, and operations.
• Prepare and maintain budget variance reports, including unit cost variance analyses, to identify cost drivers and support financial decision-making.
• Conduct compensation analyses for faculty, providers, and staff, including strategic updates and recommendations aligned with market benchmarks.
• Support accurate and timely compensation in alignment with departmental salary plans.
• Monitor and review expenditures, ensuring funds are appropriately allocated and spent in accordance with budgetary guidelines and cost accounting principles.
• Collaborate with clinical and administrative leadership to analyze current operations, model new initiatives, and forecast financial impacts of proposed programs.
• Design and present financial dashboards, charts, and reports, effectively summarizing key operational and financial metrics for stakeholders.
• Conduct productivity studies and operational analyses to identify opportunities for efficiency improvements and strategic growth.
• Ensure consistent application of financial policies and procedures, developing departmental processes in alignment with University guidelines.
• Serve as a subject matter expert, performing complex work independently with significant latitude for judgment and decision-making.

Job Code: P21184

Minimum Qualifications

EQUIVALENCY STATEMENT: 1 year of higher education can be substituted for 1 year of directly related work experience (Example: bachelor's degree = 4 years of directly related work experience).

Department may hire employee at one of the following job levels:

• Budget Analyst, II: Requires a bachelor's (or equivalency) + 4 years or a master's (or equivalency) + 2 years of directly related work experience.
• Budget Analyst, III: Requires a bachelor's (or equivalency) + 6 years or a master's (or equivalency) + 4 years of directly related work experience.
• Budget Analyst, IV: Requires a bachelor's (or equivalency) + 8 years or a master's (or equivalency) + 6 years of directly related work experience.

Preferences

• Experience working in an Academic Medical Center, hospital, or medical clinic.

Special Instructions

Requisition Number: PRN43264B

Full Time or Part Time? Full Time

Work Schedule Summary: Monday though Friday, typically 8am-5pm

Department: 00958 - DFPM-Administration

Location: Campus

Pay Rate Range: $75,000 - $95,000

Close Date: 1/3/2026

Open Until Filled:

To apply, visit https://utah.peopleadmin.com/postings/189956