Budget Analyst II - CEMI

Weill Cornell Medicine - Qatar; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Weill Cornell Medicine - Qatar in New York seeks an experienced financial planning professional to oversee budgeting, reporting, and resource allocation. You will partner with departments to ensure alignment with institutional goals and regulatory requirements.

The role focuses on developing annual budgets, monitoring variances, and ensuring compliance. You will work with ERP systems (SAP) and advanced Excel to deliver data-driven insights to leadership.

Qualifications

• 3 years of finance experience, preferably in an academic medical center.
• Fund accounting knowledge is highly desirable.
• Experience with SAP or ERP systems is highly desirable.
• Advanced Excel skills with complex formulas and data analysis.
• Strong analytical and problem-solving abilities.
• Attention to detail and accuracy in numerical work.
• Ability to manage multiple projects and meet deadlines.
• Excellent written and verbal communication skills.

Responsibilities

• Develops and manages the annual operating budget with departmental leadership.
• Monitors budgets; identifies risks, opportunities and advises leadership.
• Creates budget policies; benchmarks data for best practices.
• Administers departmental budgets in ERP and addresses inquiries.
• Maintains allocations and models; updates funding sources.
• Prepares preliminary budget forecasts from financial data.
• Participates in budgeting modules; trains users on features.
• Works with grants/clinical trials admins on funding and expenditures.
• Produces variance analyses and escalates unresolved issues.
• Manages funding transfers and faculty compensation accruals.

Skills

Fund accounting

Analytical skills

Attention to detail

Communication skills

Project management

Education

Bachelor's degree in Finance, Accounting, Economics, or Business Administration

Tools

SAP

Microsoft Excel

Job description

*As required under NYC Human Rights Law Int 1208-2018 - Salary range for this role when Hired for NYC Offices

Position Summary

Under direction, responsible for managing budgetary and financial reporting activities to ensure effective allocation of resources and adherence to organizational goals. This role serves as a key resource for decision-making and process improvement in financial planning.

Job Responsibilities

• Develops and manages the annual operating budget in collaboration with departmental leadership. Provides guidance on budget policies to ensure adherence to institutional policies and standards.
• Monitors and adjusts budgets as necessary. Identifies trends, risks, and opportunities and makes recommendations to executive leadership.
• Creates and maintains budgetary policies and guidelines. Researches industry and/or peer data for comparison and to implement best practices. Ensures budgets and financial reports comply with applicable policies, regulations, and procedures.
• Administers departmental budget(s) to executive leadership and oversees the implementation of budgets into the enterprise resource financial system. Address inquiries regarding budgetary and financial issues, offering data-driven decisions.
• Calculates funding sources for allocations by maintaining budget databases and models used for trending analysis. Updates and maintains changes to allocations as needed.
• Analyzes financial data and reports to prepares preliminary budget forecasts.
• Participates in the development and execution of budgeting modules/templates. Identifies and recommends improvements to previous versions of budgeting modules and participates in training sessions surrounding the use and features of the modules.
• Works with grants and clinical trials administrators to ensure funding and review expenditures.
• Develops and maintains financial reports, including budget vs. actual. Analyzes variances to identify and assist in rectifying any budget discrepancies. Escalates any unresolved issues to leadership.
• Monitors and performs funding and revenue/expense transfer transactions as needed.
• Calculates faculty compensation payout to determine supplemental accruals. Prepares financial reports on faculty compensation for senior leadership review.

Education

• Bachelor's Degree in Finance, Accounting, Economics, or Business Administration.

Experience

Approximately 3 years of finance related experience, preferably within an academic medical center

Knowledge, Skills and Abilities

• Fund accounting knowledge is highly desired.
• Experience with database software or an enterprise resource planning system, SAP preferably, is highly desired.
• Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and data analysis.
• Strong analytical and problem-solving skills
• Attention to detail and accuracy in numerical work.
• Ability to manage multiple projects and meet deadlines.
• Excellent communication skills, both written and verbal.

Working Conditions/Physical Demands

Standard office work;Position may require the need to work overtime to meet deadlines

Cornellwelcomes students, faculty, and staff with diverse backgrounds from across the globe to pursue world-class education and career opportunities, to further the founding principle of “any person, any study.” No person shall be denied employment on the basis of any legally protected status or subjected to prohibited discrimination involving, but not limited to, such factors as race, ethnic or national origin, citizenship and immigration status, color, sex, pregnancy or pregnancy-related conditions, age, creed, religion, actual or perceived disability (including persons associated with such a person), arrest and/or conviction record, military or veteran status, sexual orientation, gender expression and/or identity, an individual’s genetic information, domestic violence victim status, familial status, marital status, or any other characteristic protected by applicable federal, state, or local law.

Cornell University embraces diversity in its workforce and seeksjob candidates who will contribute to a climate that supports students, faculty, and staff of all identities and backgrounds. Wehire based on merit, andencourage people from historically underrepresented and/or marginalized identities to apply.Consistent with federal law, Cornell engages in affirmative action in employment for qualified protected veterans as defined in the Vietnam Era Veterans’ Readjustment Assistance Act (VEVRRA) and qualified individuals with disabilities under Section 503 of the Rehabilitation Act. We also recognize a lawful preference in employment practices for Native Americans living on or near Indian reservations in accordance with applicable law.