Job Details

Senior Budget Analyst
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Position Number: 5866088
Location: Philadelphia, PA
Position Type: Business and Financial Management

Senior Budget Analyst

University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Large Employers in 2023.

Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.

The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.

Posted Job Title
Senior Budget Analyst

Job Profile Title
Budget Analyst Senior

Job Description Summary
This role analyzes budgets and multi-year financial forecasts of schools/ centers/ departments to ensure that revenue and expenditure projections are realistic and achievable. Monitor financial performance, identify potential issues and recommend appropriate corrective actions. Perform special analyses and financial studies that assist senior University leaders in making informed decisions regarding budget preparation and resource allocation.

Job Description

The Office of Budget Planning & Analysis provides strategic guidance in financial planning, budgeting, forecasting and analysis for the University of Pennsylvania. We collaborate closely with leadership and budget officers across the University's Schools and Centers to optimize resources in support of Penn's top priorities. As a proactive partner, we drive an integrated approach that aligns resources with strategic objectives and long-term planning, acting as stewards of institutional resources and providing the tools, experience, and expertise essential for effective fiscal management. To learn more about us, visit https://budget.upenn.edu/

Job Responsibilities

Analyze annual budgets and multi-year financial forecasts for a portfolio of University schools and centers to ensure that projections are realistic and achievable. Prepare briefing materials for Senior University leadership, primarily EVP, Provost, and Budget Steering Committee on school/center budget issues and trends.
Perform special analyses and financial studies, individually and in collaborative teams within the Budget Office and across other offices, that assist Senior University leadership in making data-driven informed decisions concerning resource generation and optimal resource allocation.
Design, develop and manage several high-level University financial models and/or Budget Office processes.
Support and coordinate annual and multi-year budget preparation effort at the school and responsibility center level to ensure accurate budget and forecasting.
Actively monitor year-to-date financial performance of schools/centers, analyzing implications for year-end projections and long-term financial performance. Work collaboratively with schools/centers to identify potential issues and recommend appropriate actions.
Analyze revenue and expense categories, in both GAAP and Responsibility Center Management (RCM) formats, as part of University quarterly review and projections process.
Take shared responsibility for the technical oversight of the University-wide budgeting system (Oracle Planning and Budgeting Cloud System), including monitoring the system for problems, diagnosing problems, implementing changes to forms, testing new features, and providing end-user support.
Compile University-wide budget schedules as part of collaborative team developing annual University budget and budget document.
Design and collaborate on budget presentations for senior and school/center leadership.
Develop and deliver training on the budget application, budgeting, forecasting, data analysis and presentation.
Other duties and responsibilities as assigned.

Qualifications

A Bachelor's Degree, 5 years to 7 years of experience, and Microsoft Excel proficiency is required. Oracle Planning experience preferred.

Job Location - City, State
Philadelphia, Pennsylvania

Department / School
Executive Vice President

Pay Range
$61,046.00 - $115,000.00 Annual Rate
Salary offers are made based on the candidate's qualifications, experience, skills, and education as they directly relate to the requirements of the position, as well as internal and market factors and grade profile.

Affirmative Action Statement
Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.

Special Requirements
Background check required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.

University Benefits

Health, Life, and Flexible Spending Accounts: Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.
Tuition: Take advantage of Penn's exceptional tuition benefits. You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.
Retirement: Penn offers generous retirement plans to help you save for your future. Penn's Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.
Time Away from Work: Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family-whatever your personal needs may be.
Long-Term Care Insurance: In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you're newly hired, you won't have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.
Wellness and Work-life Resources: Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That's why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.
Professional and Personal Development: Penn provides an array of resources to help you advance yourself personally and professionally.
University Resources: As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University's libraries and athletic facilities, or visit our arboretum and art galleries. There's always something going on at Penn, whether it's a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you're right in the middle of the excitement-and you and your family can enjoy many of these activities for free.
Discounts and Special Services: From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.
Flexible Work Hours: Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.
Penn Home Ownership Services: Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.
Adoption Assistance: Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.

To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay

To apply, visit https://wd1.myworkdaysite.com/en-US/recruiting/upenn/careers-at-penn/job/Franklin-Building/Senior-Budget-Analyst_JR00100336