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Financial Analyst Senior

University of Michigan - ITS
Ann Arbor, MI
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

How to Apply

A cover letter and resume are required; the cover letter must be PAGE 1 of your resume. The letter should include the following information:

(1) specifically outline the reasons for your interest in the position; and

(2) describe your particular skills and experience that directly relate to this position.

Starting salary may vary depending on qualifications and experience of the selected candidate. 

Summary

Information and Technology Services (ITS) provides technology and communications services in support of UM-Ann Arbor's academic and research needs. ITS also manages the administrative computing systems and executes the IT security strategy for the Ann Arbor campus, Michigan Medicine, and the two regional campuses (Flint and Dearborn).  ITS has an immediate opening for a Financial Analyst Senior on the ITS Finance team.  

The main responsibilities of the position will include:

  • Analyzes financial reports and records compared to budgets and makes recommendations relative to departmental operations.

  • Performs analysis for strategic decision-making and accurate forecasting.

  • Tracks monthly service costs to provide insight into areas needing process improvement.

  • Performs audits for use in controlling expenditures and determining costs of business activity. 

  • Performs analytical studies, and conversion of data into concise understandable reports.

Who We Are

ITS supports U-M faculty, researchers, staff, and students in their use of technology to teach, learn, research, and work, and be leaders in their fields. We are dedicated to creating cohesive digital experiences and enabling university wide innovations by:

Elevating the customer experience by providing proactive, laser focused customer service

Providing appropriate IT security and privacy in an open university society, while enabling innovation

Supporting data-informed decision making

Delivering intuitive research computing solutions

Building a world-class, transformational network and reliable administrative systems

In addition, we value those that proactively solve challenges, work with a sense of urgency, and seek a collaborative and inclusive work environment. 

Our mission is to be trusted enablers of technology for the U-M community. To learn more, visit: https://its.umich.edu.


The ITS Administration Mission Statement:

We are administrative partners and stewards that provide support to equip and mobilize ITS to achieve its mission.

Responsibilities*

Responsible for preparing reports, attending departmental meetings to provide financial feedback, and training non-financial staff in cost management.  Main tasks include tracking departmental budgets, strategic planning, and analyzing variances in operating costs.

Examine data to help with creating efficiencies in operations. Recommend changes in financial/business procedures to improve efficiencies in departmental processes.  Offer analytical support for ITS Recharge Rate services and General Fund services.

Monitor business transactions for accuracy and appropriateness of revenue/expenditures, including staffing plan statistics, non-salary expense data, expenditures, inventory, assets, accruals, etc. Perform variance analysis between actual and budget.  Investigate and resolve financial discrepancies.  Coordinate with other ITS Finance staff to ensure cost forecasting is accurate and appropriate.

Develop partnerships and consultations with the management teams of each department in an effort to increase the business and operational understanding that allows for sound recommendations relative to accounting and financial matters of services being provided.

Have a firm understanding and application of current policies, industry standards, procedures and requirements and university Standard Practice Guides (SPGs).   Analyze financial performance of assigned areas and summarize findings to management in accurate and timely internal reports.  Create ad hoc reports for management as requested.

Reviews monthly financial transaction reports and assess any issues in accordance with current written procedures.  Initiates corrections or adjustments of financial transactions as appropriate.  Submits corrections with required approval and communicates directly to management any material findings during the course of review.  Verifies proper financial controls are incorporated into routine financial processes.

Monitor account reconciliations, investigate discrepancies and initiate corrections. Develop business cases to support financial requests or service changes/improvements. Prepare narrative documents, clearly outlining the approach, analysis, assumptions and conclusions for the business case.  Provide scenarios/options and recommend a plan of action based on the business case conclusions.

Demonstrates effective problem solving, accountability, and communication skills to successfully guide ITS on business decisions.  Assist with and/or lead additional projects/activities.  This may include:  collaborating on organization special projects; creating ad-hoc queries and reports as requested; explaining reports, etc. 

Effectively utilizes leadership and strategic thinking skills to: contribute to strategic planning efforts to define the strategy for the assigned product area; collaborate across the organization to plan and coordinate team priorities, resulting in setting and approving operational priorities for the team in the context of the larger picture of organizational goals and strategy; and effective collaboration across the organization, and project completion that meets requirements and quality expectations and is on time.

Required Qualifications*

  • A Bachelor’s degree in business administration, finance or related field with thorough understanding of accounting and financial principles.

  • Five (5) or more years of progressive experience as an accountant, financial or business analyst, budgeting, forecasting and financial analysis, including some experience with fund accounting or related experience.

  • Strong interpersonal skills including the ability to effectively communicate and work with a variety of individuals and units. 

  • Strong verbal and written communication skills.

  • Proficiency with word processing, financial spreadsheets, and collaboration applications.

  • Demonstrated experience/ability to:

  • Develop complex financial models and analyze complex data.

  • Interpret and communicate sensitive financial data and complex issues to a varied audience through advanced writing skills and/or clearly developed presentations skills - including preparation of business cases and proposals.

  • Interpret financial data and provide solutions.

  • Deliver great customer service.

  • Adapt to rapidly changing work assignments and priorities.

Desired Qualifications*

  • Understanding of ERP systems including the ability to retrieve required data using data warehouse query tools.

  • Experience in a higher education business setting, particularly knowledge of University of Michigan policies and systems.

  • Knowledge of fund accounting principles – in particular Auxiliary Funded departments.

  • Familiarity with Federal A-21 requirements.

Underfill Statement

UM- ITS welcomes a healthy applicant pool so we encourage all interested applicants to apply. This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.

Additional Information

Benefits at the University of Michigan

In addition to a career filled with purpose and opportunity, The University of Michigan offers a comprehensive benefits package to help you stay well, protect yourself and your family and plan for a secure future. Benefits include:

  • Generous time off
  • A retirement plan that provides two-for-one matching contributions with immediate vesting
  • Many choices for comprehensive health insurance
  • Life insurance
  • Long-term disability coverage
  • Flexible spending accounts for healthcare and dependent care expenses
  • Dental and Vision Insurance
  • Parental and Maternity Leave

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.

U-M COVID-19 Vaccination Policy

COVID-19 vaccinations, including one booster when eligible, are required for all University of Michigan students, faculty and staff across all campuses, including Michigan Medicine.  This includes those working remotely and temporary workers.   More information on this new policy is available on the U-M Health Response website or the UM-Dearborn and UM-Flint websites.

Company Description
About ITS

Under the leadership of the vice president for Information Technology and chief information officer (VPIT-CIO), Information and Technology Services provides technology and communications services in support of UM-Ann Arbor's academic and research needs. ITS also manages the administrative computing systems and executes the IT security strategy for the Ann Arbor campus, Michigan Medicine, and the two regional campuses (Flint and Dearborn).

Our Vision

The University of Michigan will be a leader in the appropriate use of technology among its peers and in the world.

Our Mission

We are trusted enablers of technology for the U-M community.

Our Values

Laser focus on customer service: We work with our customers to understand and help achieve their goals, tackling projects and problems with their needs in mind.

Proactive: We anticipate problems and work proactively to preempt challenges and concerns, delivering increasingly relevant customer experiences over time.

Sense of urgency: We help each other respond to and resolve requests in a timely manner.
Collaborative: We work with each other, the U-M community, and industry peers to support the university mission through innovative use of technology.

Inclusive: We foster a climate rooted in mutual respect, valuing and learning from our different perspectives, roles, and identities.
One ITS: We are “One ITS,” working together to provide cohesive digital experiences and seamless support to the U-M community.

University of Michigan - ITS

Address

Ann Arbor, MI
USA

Industry

Finance and Insurance