Financial & Budget Analyst - SOM Psych Financial Mgmt

University of Maryland, Baltimore; Baltimore (MD); On-site; USD 75,000 - 105,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

The University of Maryland, Baltimore is seeking a Financial and Budget Analyst to join the Department of Psychiatry. The role focuses on maintaining financial data, forecasting budgets, and generating timely reports to support decision making across the school and state budgets.

Responsibilities include developing financial dashboards from multiple data sources, ensuring accurate reporting, and collaborating with unit leaders to address anomalies.

Qualifications

• Bachelor's degree in finance, Accounting, Economics, Business Administration, or business-related field. Master's degree preferred.

Responsibilities

• Maintain financial and budget spreadsheets to analyze financial data and prepare reports for administrators and state budgets.
• Download, compile, categorize, and manipulate financial data using quantitative models and formulas; prepare concise, well-organized financial reports and variance analyses.
• Analyze and forecast areas such as salaries, fringe benefits, funds, grants, and contracts within deadlines.
• Review and analyze department budgets to identify patterns and anomalies for year-end projections.
• Maintain budget archives and financial data files for quick access and reporting.
• Prepare responses for internal and external agencies and keep management informed of progress and improvements.
• Communicate with schools and units to request data and discuss discrepancies; assist with financial data requests.
• Document SOPs for financial data workflows, dashboards, billing, auditing, and related procedures.
• Participate in designing and managing dashboards and reports from multiple data sources to support decision making.

Skills

Financial analysis

Budgeting

Data management

Forecasting

Variance analysis

Communication

Education

Bachelor's degree in finance, Accounting, Economics, Business Administration

Master's degree preferred

Tools

Excel

BI tools

Data warehouse

SQL

Job description

Job Description

The University of Maryland School of Medicine has an exciting opening for a Financial and Budget Analyst to work in the Department of Psychiatry.

The Department of Psychiatry has a tripartite mission of Clinical, Education and Research agendas, serving our surrounding community and the State of Maryland, and providing expertise at a national and international level. We are staffed with 85 full-time and 30 part-time faculty and provide a robust array of evidence based services both locally at the University of Maryland Medical Center and remotely to the entire University of Maryland Medical System, which encompasses 13 hospitals.

Responsibilities

• Maintain financial and budget spreadsheets in order to analyze financial data and prepare accurate and timely financial reports for school or department administrators, state budget, and financial reporting.
• Download, compile, categorize, and manipulate the department or school financial data using quantitative models and formulas. Prepare and distribute accurate, concise, well-organized, and timely financial reports, presentations, and financial information which may include financial charts, forecasting, and/or budget vs. actual variance analysis.
• Work within deadlines to analyze and provide basic financial and budget forecasts for areas such as salaries, fringe benefits, indirect cost recoveries, state funds, revolving funds, grants and contracts, fund balances, and other areas as needed.
• Assist with reviewing and analyzing department or school assigned financial accounts and expenditures to identify patterns, trends, and anomalies in order to make accurate year-end revenue, expense, and surplus/deficit projections.
• Maintain and monitor budget archives and financial data files that can quickly be accessed and manipulated to generate the needed financial information and reporting.
• Assist with preparing responses for various internal and external agencies.
• Keep management informed of work progress and process improvements.
• Communicate with schools and administrative units to understand their financial activity, request data or additional information about a particular issue, discuss anomalies or discrepancies that are observed, and assist them with the preparation of various internal or external financial data requests.
• Document standard operating procedures (SOPs) for financial data workflows, dashboard maintenance, billing process and routines, auditing processes and other procedures involving financial and budgetary accounts as assigned.
• Participate in the design, development, and management of financial dashboards and reports created from multiple data sources to support decision making and planning at all levels of the University.
• Adhere to established University's policies, processes, and procedures.
• Performs other duties as assigned.

Qualifications

Education: Bachelor's degree in finance, Accounting, Economics, Business Administration, or business-related field. Master's degree preferred.

Experience: Three (3) years of experience in financial analysis, management accounting, budgeting, auditing, data management, or data analysis with one (1) year of experience in financial analysis, management accounting, budgeting, auditing or assessment of internal controls. Prior experience with research and/or sponsored programs in an educational environment is preferred.

Preferred Experience: Experience using data analysis to extract, convert, and transform data from enterprise applications and loading data into a data warehouse, and business intelligence tools for data modeling within the healthcare sector preferred.

Certification/Licensure: Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Financial Manager (CFM), or Certified Internal Auditor (CIA) preferred.

Other: Except for qualifications established by law, additional related experience and formal education in which one has gained the knowledge, skills, and abilities required for full performance of the work of the job class may be substituted for the education or experience requirement on a year-for-year basis with 30 undergraduate college credits being equivalent to one year of related experience. In instances where specific education and/or experience is required only directly related education and/or experience may be substituted.

About Us

The University of Maryland, Baltimore (UMB) is Maryland’s public health, law, and human services university. Six professional schools and the interdisciplinary Graduate School confer the majority of health care, human services, and law professional degrees in Maryland each year.

Our goal is to support the University’s mission of education, research, clinical care, and public service by amplifying UMB’s voice as a thought and action leader, and to enhance goodwill in the communities and people with whom we engage. UMB is a public university and constituent institution of the University System of Maryland. All employees are expected to work primarily physically within the State of Maryland.

UMB is committed to cultivating a diverse and inclusive workforce and is proud to be an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, ancestry or national origin, sex, pregnancy or related conditions, sexual orientation, gender identity or expression, genetic information, physical or mental disability, marital status, protected veteran’s status, or any other legally protected classification.

If you anticipate needing a reasonable accommodation for disability under the Americans With Disabilities Act (ADA), during any part of the employment process, please submit a UMB Job Applicant Accommodation Request. You may also contact [e-mail]. Please note that only inquiries concerning an ADA request for reasonable accommodation will be responded to from this email address.

The University of Maryland, Baltimore prohibits sex discrimination in any education program or activity that it operates. Individuals may report concerns or questions to the Title IX Coordinator. Read the UMB Notice of Non-Discrimination for more information.

UMB is a public university and constituent institution of the University System of Maryland. All employees are expected to work primarily physically within the State of Maryland.

• Regular and contractual employee are eligible for a comprehensive benefits package

About the Team

The University of Maryland School of Medicine (SOM) was chartered in 1807 as the first public medical school in the United States. It continues today as one of the fastest growing, top-tier biomedical research enterprises in the world. SOM is dedicated to providing excellence in biomedical education, basic and clinical research, quality patient care and service to improve the health of the citizens of Maryland and beyond.