Budget Analyst

Budget/Financial Analyst, Penn LibrariesThe Penn Libraries Budget/Financial Analyst is responsible for complex budget analysis and developing multi-year financial forecasts to support revenue and expenditure planning that encompasses unrestricted funds, gifts, endowments, and grants (both internal and external). This position delivers financial reporting and insight by integrating data from multiple systems and conducting monthly variance analysis. The Budget Analyst generates financial models to support strategic planning and decision-making, provides guidance on financial matters related to budget performance and resource allocation, gathers market and industry data for competitive benchmarking, and engages in ongoing process improvement and documentation. Given the complexity of the Penn Libraries, the individual in this position must possess a combination of big picture, intellectual curiosity, detailed thinking, and exceptional communication skills.Job ResponsibilitiesCompile and maintain comprehensive capital and operating five-year budgets and current year forecasts built on historical trends, articulated assumptions, and strategic initiatives. Work closely with senior leaders and department managers to ensure forecasts are accurate, aligned with institutional priorities, and supported by clear financial data.Prepare standard and ad hoc financial reports for senior leaders and department managers, including monthly budget updates that identify variances and provide in-depth analysis of financial performance against budget and prior year results. Work closely with department managers and senior leaders to identify, document, review, and approve underlying assumptions and to ensure accurate reporting and forecasting.Prepare financial models that support forecasting and enable scenario planning. Create ad hoc reports when specific policy or operational questions arise. Identify trends, risks, and opportunities by developing financial analyses of specific areas and initiatives. Contextualize financial performance in industry data.Partner with department managers to evaluate costs, monitor financial performance, and develop useful financial management tools that support the effective use of resources. Provide budget training to staff, including creating materials and conducting trainings and presentations as necessary.Oversee reporting and variance analysis of human capital activity, including staffing changes and salary modeling; integrate Workday data into budgeting, forecasting, and planning processes.Oversee the annual fiscal year-end close process. Prepare routine journal entries as well as complex correcting entries when needed.QualificationsBachelor's degree and 3 to 5 years of experience or equivalent combination of education and experience is required. 5 to 7 years of experience preferred.Must have excellent interpersonal, communication, and organizational skills; an ability to prioritize and manage multiple projects with limited supervision; and a demonstrated ability to work independently and as part of a team.High attention to detail, accuracy, and follow-through required.Strong business acumen and financial management skills.Advanced technical skills required (e.g., proficiency with Excel).Knowledge of Penn's financial systems a plus (e.g., Hyperion Planning, Workday, and BEN Financials)Application Requirement A Cover Letter and Resume/CV are required to be considered for this position. Please upload your Cover Letter where it asks you to upload your Resume/CV; multiple documents are allowed.Job Location - City, StatePhiladelphia, PennsylvaniaDepartment / SchoolUniversity LibraryPay Range$65,628.00 - $90,000.00 Annual RateSalary offers are made based on the candidate's qualifications, experience, skills, and education as they directly relate to the requirements of the position, and in alignment with salary ranges based on external market data for the job's level. Internal organization and peer data at Penn are also considered.Equal Opportunity StatementThe University of Pennsylvania is an equal opportunity employer. Candidates are considered for employment without regard to race, color, sex, sexual orientation, religion, creed, national origin (including shared ancestry or ethnic characteristics), citizenship status, age, disability, veteran status or any class protected under applicable federal, state or local law.Special Requirements Background checks may be required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.University BenefitsHealth, Life, and Flexible Spending Accounts: Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.Tuition: Take advantage of Penn's exceptional tuition benefits. You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.Retirement: Penn offers generous retirement plans to help you save for your future. Penn's Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.Time Away from Work: Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family—whatever your personal needs may be.Long-Term Care Insurance: In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you're newly hired, you won't have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.Wellness and Work-life Resources: Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That's why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.Professional and Personal Development: Penn provides an array of resources to help you advance yourself personally and professionally.University Resources: As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University's libraries and athletic facilities, or visit our arboretum and art galleries. There's always something going on at Penn, whether it's a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you're right in the middle of the excitement—and you and your family can enjoy many of these activities for free.Discounts and Special Services: From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.Flexible Work Hours: Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.Penn Home Ownership Services: Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.Adoption Assistance: Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.