Title: Budget Analyst II
Location: Midtown
Org Unit: Budget and Planning
Work Days: Monday-Friday
Weekly Hours: 35.00
Exemption Status: Exempt
Salary Range: $103,600.00 - $119,600.00
- As required under NYC Human Rights Law Int 1208-2018 - Salary range for this role when Hired for NYC Offices
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.
- 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.
- Bachelor's Degree in Finance, Accounting, Economics, or Business Administration.
Approximately 3 years of finance related experience, preferably within an academic medical center
- 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.
Standard office work; Position may require the need to work overtime to meet deadlines
Weill Cornell Medicine is a comprehensive academic medical center that is committed to excellence in patient care, scientific discovery, and the education of future physicians and scientists in New York City and around the world. Our doctors and scientists - faculty from Weill Cornell Medical College, Weill Cornell Graduate School of Medical Sciences, and the Weill Cornell Physician Organization - are engaged in world-class clinical care and cutting-edge research that connect patients to the latest treatment innovations and prevention strategies. Located in the heart of the Upper East Side's scientific corridor, Weill Cornell Medicine's powerful network of collaborators extends to its parent university Cornell University; to Qatar, where an international campus offers a U.S. medical degree; and to programs in Tanzania, Haiti, Brazil, Austria and Turkey. Our medical practices serve communities throughout New York City, and our faculty provide comprehensive care at NewYork-Presbyterian Hospital/Weill Cornell Medical Center, NewYork-Presbyterian/Lower Manhattan Hospital, NewYork-Presbyterian Hospital/Brooklyn Methodist Hospital, NewYork-Presbyterian Hospital/Westchester Behavioral Health Center, and NewYork-Presbyterian/Queens. At Weill Cornell Medicine, we work together to treat each individual, not just their conditions or illnesses, as we strive to deliver the finest possible care for our patients - the center of everything we do. Weill Cornell Medicine is an Equal Employment Opportunity Employer. Weill Cornell Medicine provides equal employment opportunities to all qualified applicants without regard to protected status, including race, sex, sexual orientation, gender identity, national origin, color, age, religion, protected veteran or disability status, or genetic information.
