Hourly Financial Analyst

Hourly Financial Analyst New Jersey Institute of Technology - 4.2 Newark, NJ Job Details Part-time $60 an hour 22 hours ago Qualifications Word processing Databases Accounting and finance experience Productivity software

Full Job Description Title:

Hourly Financial Analyst Department:

University Budgeting Reports To:

Assistant Vice President, Strategic Budget Planning Position Type:

Staff Position Summary:

Under the operational direction of the Director of University Budget Planning & Analysis, the Hourly Financial Analyst is expected to support the mission of the University through prompt, thorough and continual analysis of NJIT's resources and expenditures, assisting in the development of annual and multi-year budget, and assisting university personnel in the management of their budgets and the proper use of university financial systems and tools. The Hourly Financial Analyst will assist in the planning, design, and implementation of a strategic investment focused approach to budgeting by providing analysis for decision support.

Essential Functions:

Assists in the development, review, and forecasting of various university operating budgets and scenarios.

Examples include:

1. On-going analysis of strategic plan priorities with continual focus on ROI and long-term operating budget impact 2. Analyze enrollment projections and develop detailed tuition/fee income models 3. Prepare revenue forecasts for various existing and proposed income streams 4. Analyze assigned unrestricted accounts to ensure that commitments are within budget allocations. Work with budgetary units to address imbalances. 5. Analyze and report on restricted fund activities, including research and other sponsored activities, external funding/gifts, plant, and various agency funds 6. Prepare budget analyses used to maintain overall budget control; including telephone equipment, utilities, insurance, debt service, adjuncts, graduate students, and student awards, etc. Develops, prepares and designs reports as needed, identifying appropriate data sets and utilizing data from multiple systems. Assist in developing financial P&L and budgets based on accountability by college or administrative unit 1. Assist in designing, developing and monitoring college, program and course level revenue and expenditure budgets and actual results using allocation methodology 2. Responsible for collecting and organizing various university data to analyze and document allocation statistics for facilities and administrative cost pools Assist in the preparation annual Fringe Benefit rate proposal and the Facilities and Administrative (F&A) proposal to DHHS Analyze and accurately cost proposed salary increases being negotiated with various bargaining units. This will require a thorough understanding of existing labor agreements. Ensure personnel budgets are within approved and contractual parameters and address any variances with applicable budget units In coordination with the Director, meet regularly with the assigned division financial managers to review and discuss overall budget status and detail. Assist in the development of the annual budget, mid-year review, and the annual budget submissions to the State. Review the Governor's State Budget and Appropriations Handbook to understand impact on university budget and finances. Responsible for collaborating and consulting with leadership to conduct feasibility studies that align costs and benefits for new business proposals and monitoring KPIs to evaluate performance Manage and maintain the EBMS system reports for organizational changes and develop/design additional reports for inclusion within the EBMS system May participate in training end-users on various financial systems as applicable Support audits and financial data requests and surveys, ensuring timeliness and data integrity Assist in the development of the Budget & Financial Analyst staff through mentoring and on-going training Participate in committees and/or special projects as required Perform other duties as assigned

Prerequisite Qualifications:

Bachelor's degree in Accounting, Finance or related business field required A minimum of five years of related professional analytical experience, preferably in a higher education environment Advanced knowledge of computer system software including web-based applications, web-based report writing packages, database, electronic spreadsheets, and word processing.

Preferred:

Ellucian Banner, Cognos, Google suite, and Microsoft Office Strong presentation and communications skills for the purposes of explaining financial issues to a non-finance end-user At the university's discretion, the education and experience prerequisites may be accepted where the candidate can demonstrate to the satisfaction of the university, an equivalent combination of education and experience specifically preparing the candidate for success in the position.

Preferred Qualifications:

Master's degree in Finance, Accounting, or related business field Higher Education experience, ideally using an RCM or resource allocation-based budget model Experience at a public research university or other public institution Experience working with Cognos or similar reporting tool Experience working with Ellucian Banner or similar financial information system Experience with data analytic & data visualization software and tools

Salary Information:

In compliance with the NJ Pay Transparency Law, the hourly rate for this position is $60.00 (USD). NJIT considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as, market and organizational considerations when extending an offer. This pay range represents base pay only and excludes any additional items such as incentives, bonuses or other items.

FLSA:

Non-Exempt Part-Time Special Instructions to

Applicants:

As part of interview process, applicants will be expected to provide three writing samples. New Jersey Institute of Technology (NJIT) is an Equal Employment Opportunity (EEO) employer committed to fostering a diverse, equitable, and inclusive environment across our teaching, research, and workplace communities. NJIT does not discriminate on the basis of race, color, national origin, sex, sexual orientation, gender identity or expression, disability, age, religion, ancestry, genetic information, military or veteran status, or any other characteristic protected by law. We strongly encourage applications from women, minorities, individuals with disabilities, and veterans, and are dedicated to ensuring access, equal opportunity, and reasonable accommodations for individuals with disabilities in all employment, programs, services, and activities. Employment at NJIT is subject to the provisions of New Jersey First Act which mandates new employees, who are not NJ residents, to establish primary residence in New Jersey within one year of their appointment to certain positions. The law does not apply to any individual employed at NJIT on a temporary or per semester basis as a visiting or adjunct professor, teacher, lecturer, researcher or administrator. For more information on the act please click here. If special accommodations are needed in applying for a position, please visit the Department of Human Resources located in Fenster Hall, Room 500, University Heights, Newark, NJ 07102 or call (973) 596-3140. If you have questions, please email the Human Resources Department at . Information regarding NJIT campus security, personal safety, and fire safety including topics such as, disciplinary procedures, crime prevention, NJIT Police law enforcement authority, crime reporting policies, and crime statistics for the most recent three year period is available on the NJIT Department of Public Safety here. NJIT is an E-Verify employer and uses E-Verify to confirm work authorization of each new hire.