University of Connecticut University of UC Title Fallback Connecticut

Budget Analyst III

Payroll Title: UCP IX
Class Code: 0949-9089
Job Family: FIS
FLSA Code: E
Score: 646

JOB SUMMARY

Under the general direction of the Director and/or Assistant Director, manages the day-to-day financial activities, assisting University areas with functions and issues that impact the University’s budget and accounting records, ensuring compliance with State, University and fiscal policies, procedures, regulations and statutes.

CHARACTERISTIC DUTIES AND RESPONSIBILITIES

  1. Incumbents in this position are responsible for day-to-day financial support for major University areas.  They are expected to understand financial changes within the areas designated and keep management informed of issues that may create a potential for substantial impact on the University budget or financial process.  To incorporate the guidelines identified by NACUBO (the National Association of College and University Business Officers), General Accounting Standards Board’s (GASB) and the Financial Accounting Standards Board’s (FASB) general accounting principles as they apply to the daily financial management and operations of the University.
  2. Serves as a liaison between the budget office and unit areas.  For Units assigned, provides guidance and oversight of departmental financial management activities.  Ensures that financial managers have access to financial information that is accurate, complete, consistent, relevant, timely and comprehensible. Assists in understanding the budget process.  Answers inquiries concerning revisions to existing or new financial/budget developments and recommends modifications as necessary.  Assists financial managers and decision makers in planning and evaluation; identifies opportunities for reducing costs and improving performance.
  3. Detailed knowledge of and works closely on a routine basis with the University areas assigned.  Evaluates the effectiveness and compliance with accounting standards and procedures and internal controls, and recommends appropriate revisions to processes/procedures.  Reviews and approves budget submissions.  Ensures that funds are budgeted for revenues and expenditures in compliance with appropriate State, university and NACUBO guidelines.
  4. Provides formal and informal budget/financial management/systems training to University units assigned.
  5. Understands and applies a working knowledge of applicable laws and regulations.  Operates in compliance with relevant University, State and/or agency regulations and restrictions.
  6. Identifies budget issues, researches, evaluates, and provides alternative solutions on issues affecting financial management activities.  Develops proposals for solutions of difficult financial management problems. Identifies the need for and recommends modifications and/or improvements to current budget/accounting issues.  Develops methods to implement approved processes and procedures, as necessary.
  7. Prepares appropriate analyses, reports, or comments on financial management issues and provides them to appropriate decision makers.  Provides support for University-wide efforts to improve financial management systems (manual and electronic) and participates in developing related policies, goals, and/or objectives as appropriate.
  8. Confers with appropriate internal administrative offices to ensure that required policies and procedures are being followed.  Keeps current on new and revised internal University processes and procedures and is able to devise methodologies for efficiently implementation.
  9. Supervises and trains staff as appropriate.
  10. Performs related duties as required.

MINIMUM ACCEPTABLE QUALIFICATIONS

  1. Bachelor’s degree in a business field and /or related experience plus a minimum of 10 years experience in a related area.
  2. Understanding and demonstrated working knowledge of NACUBO (the National Association of College and University Business Officers), General Accounting Standards Board’s (GASB) and the Financial Accounting Standards Boards (FASB) general accounting principles
  3. Sound knowledge of budget preparation and fiscal control methods, especially as related to University budgeting.
  4. Ability to work independently exercising sound judgment in resolving issues.
  5. Excellent communication and interpersonal skills.
  6. MBA/CPA preferred.

Created: 04/14/02