Classification Title:
Financial Analyst III
Job Description:
The Financial Analyst III, based in the College of Medicine, Office of the Dean, Division of Finance and Administration (DOFA), will play a crucial role in financial reporting, budgeting, and analysis within the College of Medicine. Reporting directly to the Director of Finance, you will coordinate major financial reporting and budgeting functions, performing comprehensive financial analysis, and formulating policies and procedures to enhance financial administration in the areas of reporting and budgeting. Additionally, the role will involve supporting the annual development, implementation, and monitoring of the COM Budget, as well as contributing to the design, implementation, and maintenance of the annual faculty compensation plan. The Financial Analyst III will also handle other financial and analytical duties as assigned.
More About This Role
Reporting and Analysis
- Serve as the financial analytical lead, working under the direction of the Director of Finance.
- Prepare and analyze various financial reports using tools such as Enterprise Analytics, Business Objects, and OneStream.
- Conduct ad-hoc analysis and special projects related to the COM Budget, faculty compensation plan, or other financial areas.
- Extract and load monthly clinical and salary data from Business Objects and PeopleSoft for employee-level variance reporting.
- Analyze and monitor monthly COM department budgets, including actual financial statements, investigating and analyzing variances, including clinical volumes, salary expenses, use of restricted funds, and operating expenses.
- Act as a liaison between College of Medicine departments and other functional areas and departments within the University.
- Provide subject matter expertise in reporting and analysis, offering assistance to departments.
- Assist in the development of best practices, reporting documentation, and training.
- Ensure compliance with regulations, reporting requirements, and data gathering for industry surveys.
- Analyze and monitor the monthly COM department budgets to actual financial statements, investigate, and analyze variances including clinical volumes, salary expense, use of restricted funds, operating expenses etc.
Budget
- Support the coordination, compilation, and monitoring of the COM financial budget.
- Collaborate with departments to budget for salary, operating expenses, clinical revenue, contractual revenue, restricted revenue, and state general revenue.
- Interface with departments on budget matters and deadlines.
- Create and distribute preliminary and final budget reports to departments.
- Analyze departmental budgets for utilization of appropriate funding sources and clinical volumes.
- Help manage the shared COMFS Budget email and respond to department inquiries.
- Provide analysis for budgeted funding sources versus actual funding sources and distributions.
- Work with the budget team to ensure all objectives are met.
Faculty Compensation Plan
- Assist in the development and execution of reporting related to faculty variable compensation.
- Generate reports on faculty productivity and compensation data for leadership, department administrators, and faculty.
- Assist with monthly comp plan data loads, adjustments, and troubleshooting.
- Support the interpretation and application of the COM Faculty Compensation Plan rules and processes.
- Prepare and analyze faculty compensation plan reports to represent current and projected financial status.
About the City of Gainesville
Nestled in the heart of Florida, Gainesville invites you to savor its laid-back lifestyle that artfully combines career opportunities, leisure, and outdoor adventures. Conveniently located between Orlando’s attractions and Jacksonville’s stunning beaches, our city offers easy escapes to Disney’s magic and the coastal charm of St. Augustine. Enjoy outstanding public schools, affordable living, no state income tax, and the excitement of Division I NCAA sports. Embrace Gainesville’s inviting ambiance where thriving careers meet family-friendly surroundings, creating a life you’ll treasure.
We Offer Exceptional Benefits
- Medical, Dental, and Vision Insurance
- Life and Disability Insurance
- Florida Retirement System Retirement Plans
- Paid Time Off (11 paid holidays, paid family leave, sick and vacation)
- Personal and Professional Development Opportunities (UF Training & Organization Development, LinkedIn Learning)
- Tuition Assistance (UF Employee Education Program)
- Public Service Loan Forgiveness (PSLF) Eligible Employer
Expected Salary:
$70,000 – $78,000
Minimum Requirements:
Bachelor’s degree in an appropriate area and four years of relevant experience.
Preferred Qualifications:
- Master’s degree in accounting, business, finance, or a related field for a strong foundation in financial analysis and budgeting.
- Proficiency with SQL, Excel, Access. Experience with OneStream is a plus. These tools are essential for tasks such data extraction, analysis, and reporting.
- Excellent working knowledge of business-related software programs.
- Excellent written and oral communication skills to ensure effective communication with various stakeholders, including department administrators, faculty, and leadership
- Maintain strict confidentiality at all times. This is a key aspect of this role as you will be handling financial data and strategic information.
- Ability to successfully work independently and as part of a team to collaborate with various departments while also being self-directed in financial analysis and reporting tasks.
- Excellent organizational skills, attention to detail, and the ability to plan, organize, and analyze financial data.
- Ability to prioritize as this role involves managing multiple financial tasks and deadlines.
Special Instructions to Applicants:
To apply for this position, please submit the following documents:
- Cover letter that showcases your relevant experience and your interest for this role.
- Current resume
Please ensure that both documents are included with your application
If an accommodation due to a disability is needed to apply for this position, please call 352-392-2477 or the Florida Relay System at 800-955-8771 (TDD).
Application must be submitted by 11:55 p.m. (ET) of the posting end date.
Health Assessment Required:
No
Advertised: 14 Sep 2023 Eastern Daylight Time
Applications close: 12 Oct 2023 Eastern Daylight Time