Financial Planning Analyst

2 weeks ago


Gardner, Massachusetts, United States Mount Wachusett Community College Full time
Job Description:

Overview of Responsibilities:

The Budget Analyst is tasked with conducting thorough analyses and reviewing numerical data to support the financial planning and budgeting requirements of the institution. Key responsibilities include integrating financial schedules into planning models, preparing budget reports, maintaining these models, executing budget transfers, and generating additional financial analyses as required. This role emphasizes delivering exceptional service, training, and support to campus stakeholders while facilitating campus planning processes. The Budget Analyst will also assist with various financial projects that align with the strategic initiatives of the Office of the Vice President of Finance and Administration.

Key Duties:

Compensation Monitoring and Reporting
  • Oversee position control, including executing financial calculations and scenario modeling.
  • Prepare and track projections for full-time and adjunct faculty throughout the fiscal year in collaboration with Payroll, General Accounting, and grant recipients to ensure accurate payroll expense allocation.
  • Generate, review, and disseminate position census reports and analyses.
Financial Reporting and Analysis
  • Work alongside the grant office to develop proposals that assess operational impacts.
Support for Campus Budget Analysis
  • Assist in the monthly reporting process and preparation of Board of Trustees materials.
  • Create PowerPoint presentations and financial reports as needed.
  • Validate funding requests by providing data and analyses to support informed recommendations.
  • Offer analytical support for multi-year financial forecasts.
Budgeting Responsibilities
  • Distribute and collect documentation necessary for budget preparation.
Monthly Variance Review
  • Generate, review, and distribute monthly variance reports and analyses.
  • Assist in the annual budget development process, focusing on documentation, analysis, reporting, and responding to ad-hoc inquiries.
  • Ensure the accuracy of data submitted on budget templates and oversee the budget development module in the financial system.
  • Conduct budget reconciliations and process transfers as required.
Campus Budget Support and Training
  • Mentor college cost center and budget managers to enhance their financial literacy and understanding of institutional finances.
  • Compile and create supporting documentation for process documentation and job aids.
  • Assist with various projects and other budgeting and planning tasks as necessary.
  • Collaborate with fiscal staff on grants, contracts, and capital project budgets.
  • Monitor, report, and oversee capital project budgets.
  • Perform additional duties as assigned.
Qualifications:

Essential Qualifications:
  • Bachelor's Degree in Business, Accounting, Finance, or a related field.
  • 3 to 5 years of experience in budgeting and financial support, or an equivalent combination of education and experience.
  • Proven experience in budget preparation, justification, and analysis.
  • Experience in analyzing and preparing financial reports and statements.
Required Skills and Abilities:
  • Proficiency in Microsoft Office 365 applications.
  • Strong experience with MS Excel, including advanced functions (Pivot Tables, SUMIFS, Index/Match, etc.) for data analysis and problem-solving.
  • Excellent oral and written communication skills.
  • Ability to present complex budget information clearly and professionally.
  • Strong analytical skills with the capacity to develop effective recommendations.
  • Ability to work independently with minimal supervision and collaboratively within a team.
  • Experience working effectively with a diverse population of students, faculty, and staff.
  • Capacity to quickly learn new systems and manage multiple tasks under tight deadlines.
  • High emotional intelligence and a service-oriented approach.
  • Attention to detail and a proactive attitude towards process improvement.
Preferred Qualifications:
  • Experience in higher education settings.
  • Familiarity with the Ellucian Banner Finance system.
  • Knowledge of the Massachusetts Management Accounting and Reporting System (MMARS).
  • Experience with grant and endowment fund recordkeeping is advantageous.
Equivalency Statement:
Applicants who do not meet the stated qualifications are encouraged to articulate how their background and experience provide an equivalent combination of education, training, and experience relevant to this position.

Additional Information:

Salary: $60,000.00-$70,000.00
Employee Status: Full Time
Benefits: Yes
Hours per Week: 37.5
Number of Weeks: 52


Mount Wachusett Community College is an affirmative action/equal opportunity employer and does not discriminate on the basis of race, color, national origin, ethnicity, gender, disability, religion, age, veteran status, genetic information, gender identity, or sexual orientation in its programs and activities as required by applicable laws and college policies.

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