Senior Financial Analyst, Financial Planning and Analysis

Senior Financial Analyst

The University of Chicago is looking for a Senior Financial Analyst who will serve as a member of the finance team and will assist University-wide decision support through financial planning and analysis and on-going review of benefit management. The position will be engaged with internal constituents across the University, as well as external constituents including auditors, investment banks and benefits brokers. The position will provide critical support for the University's finance leadership and impact short-term and long-term strategic decisions.

In consultation with the Office of Human Resources, the Senior Financial Analyst develops the annual budget for the approximately $430 million employee benefit pool, prepares analyses for benefit issue resolution, and co-leads quarterly budget reviews with University senior leadership. The Senior Financial Analyst will also coordinate the development of the Finance and Administration budget. The ideal candidate will have experience in higher education finance working with finance, accounting and or legal teams, proficiently use financial models to guide strategic decision making, be adept at managing data, and efficient partnering across an organization to complete high priority assignments. Degrees or experience in a quantitative or finance-related field are preferred.

Responsibilities include:

• Supports the development of various financial reporting tools and analysis for evaluating the University's financial performance, financial plan, strategic projects and financing transactions.
• Maintains or skillfully uses external databases including Oracle.
• Assists the Treasury Director in preparing materials for Board meetings, including Financial Planning Committee.
• Partners with Treasury Director to complete audit responsibilities related to the University's employee benefits program and works with the auditor to resolve any inquiries.
• Identifies and addresses areas for process improvement within finance and treasury operations, including the enterprise resource planning (financial system transformation in Oracle) and the treasury management system.
• Delivers ad-hoc reporting and analysis as needed to support finance and treasury.
• Effectively communicates and collaborates with stakeholders across the University to drive forward execution and tracking of strategic initiatives.
• Serves as primary liaison between Finance and the Office of Human Resources (HR) to develop the annual budget for University-wide staff benefit expenses.
• Leads on-going review of the accounting associated with the staff benefit expenses.
• Designs and delivers quarterly actual and forecasted performance for the staff benefit expenses and recoverable charges.
• Prepares trend analyses for all staff benefit components, elevates observations, and partners with HR to communicate recommended benefit adjustments.
• As new opportunities and challenges are presented to the University leaders, this position will be expected to be a key member of the FP&A team who conducts analyses and makes recommendations that support decisions beneficial to the University. These recommendations will often be presented to the Board of Trustees for information sharing and/or formal approvals.
• Responsible for the year-end close out of the staff benefit pool and related analyses.
• Leads the analysis of the benefit rate approved by the federal government and prepares the annual calculation for federal approval.
• Establishes and coordinates the overall budget for Finance and Administration.
• Reviews and reports on Finance and Administration budget, expenses and actual performance in accordance with overall budget.
• Develops, monitors, and analyzes a consolidated annual and intermediate, typically three to five year, budget plan and budget process. Reviews estimated expenditures. Develops expenditure projections and periodic budget variance reports. Prepares forecasts as well as analyses.
• Works mostly independently and serves as a financial strategy and modeling contributor. Acts as a trusted advisor and recommends improvements on financial strategy and situation.
• Collaborates to create the long-term financial model to reflect the strategic priorities. Guides budget administrators to help ensure the integrity of financial analysis and planning.
• Performs other related work as needed.

Minimum Qualifications include a college or university degree in related field and 5-7 years of work experience in a related job discipline.

Preferred Qualifications include an undergraduate or master's degree in a STEM, business, accounting or economics field, experience in higher education finance, corporate or municipal finance, treasury management, and/or accounting, fluency in using Microsoft Office, strong quantitative skills, familiarity with GAAP financial statements, and competencies in diversity, equity, and inclusion, managing multiple projects, professional growth, writing and presentation skills, attention to detail, and continuous learning.

Application Documents required include a Resume/CV and optional Cover Letter to be uploaded via the My Experience page, in the section titled Application Documents of the application.

Job Family is Financial Management, Role Impact is Individual Contributor, Scheduled Weekly Hours is 37.5, Drug Test Required is No, Health Screen Required is No, Motor Vehicle Record Inquiry Required is No, Pay Rate Type is Salary, FLSA Status is Exempt, Pay Range is $93,500.00 - $115,000.00, Benefits Eligible is Yes.

The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.

Posting Statement: The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Job seekers in need of a reasonable accommodation to complete the application process should call View phone number on click.appcast.io or submit a request via Applicant Inquiry Form.

All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment. Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information. The Report can be accessed online at: Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637.