Financial Analyst

Department

SOM Wichita Administrative and Financial Services (AFS)

AFS Staff

Position Title

Financial Analyst

Job Family Group

Professional Staff

Job Description Summary

The Financial Analyst prepares, analyzes, and monitors financial data periodically and as requested for the School of Medicine Wichita’s multi-million-dollar budget. The Financial Analyst uses multiple systems and applications to monitor budgets, receivables and expenditures, with heavy emphasis on data analysis. The Financial Analyst will serve as advisor for financial systems and policy/procedures, manage contracts, and be the liaison between Wichita departments and the KUMC campus.

A resume and cover letter are required to be considered for this position.

Job Description

Job Duties Outlined:

• Develop financial reports and monitor budget-to-actuals for monthly variances and for special projects. Ensure accurate and timely financial data.
• Provide support for the annual budget process; enter and reconcile financial transactions to established budget.
• Independently troubleshoot business process problems presented by customers. Make recommendations for resolution and efficiency.
• Perform all aspects of financial planning, analysis, and reporting; manage the business and financial aspects of special projects.
• Serve as a subject matter expert for business systems and processes such as allocation of payroll expenses to accounts (costing allocations), payroll (PAA) and accounting adjustments (AA), travel and procure-to-pay.
• Communicate and advise departments for policies and procedures relating to business systems, internal controls and required documentation. Train new employees to familiarize them with process, policy and procedure.
• Enter monthly billing and monitor receivables to ensure timely receipt, posting and deposit of revenue.
• Coordinate and perform fiscal year closing tasks to ensure compliance with year-end deadlines.
• Administer Wichita campus contracts from initiation to execution, meeting legal requirements and timelines. Prepare new or revise existing contracts, route contracts to legal counsel for approval as required.
• Work closely with department chairpersons in faculty recruitment efforts in writing position descriptions, offer letters, and contracts in partnership with Human Resources and Faculty Affairs.
• Attend training, workshops, conferences and specialized instruction to pursue professional growth as allowed.
  
  

This position description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. It is only a summary of the typical functions of the job, not an exhaustive list of all possible job responsibilities, tasks, duties, and assignments. Furthermore, job duties, responsibilities and activities may change at any time with or without notice.

Work Environment

This position will work in-office Monday thru Friday, 8:00 a.m. to 5:00 p.m.

Required Qualifications

Work Experience:

• Minimum of 4 years' experience in budgeting, financial analysis and/or accounting. Education may be substituted for experience on a year for year basis.
• Experience reconciling accounts.
• Experience in preparing financial reports.
• Experience with Microsoft Office Suite.
  
  

Preferred Qualifications

Education: Bachelors degree in Accounting, Finance, Business, IT or related field.

Work Experience

• Experience in higher education.
• Experience with Workday.
• Experience with designing spreadsheets with advanced formulas.
• Experience in contract administration.
  
  

Skills

• Communication
• Attention to detail
• Accuracy
• Critical Thinking
• Problem solving
• Time management
• Prioritization
• Organization
  
  

Required Documents

• Resume/CV
• Cover Letter
  
  

Comprehensive Benefits Package

Coverage begins on day one for health, dental, and vision insurance and includes health expense accounts with generous employer contributions if the employee participates in a qualifying health plan. Employer-paid life insurance, long-term disability insurance, and various additional voluntary insurance plans are available. Paid time off, including vacation and sick, begins accruing upon hire, plus ten paid holidays. One paid discretionary day is available after six months of employment, and paid time off for bereavement, jury duty, military service, and parental leave is available after 12 months of employment. A retirement program with a generous employer contribution and additional voluntary retirement programs (457 or 403b) are available. https://www.kumc.edu/human-resources/benefits.html

Employee Type

Regular

Time Type

Full time

Rate Type

Salary

Compensation Statement

The pay range listed for this position is determined by our compensation program using market data and salary benchmarking. A combination of factors is considered in making compensation decisions including, but not limited to, education, experience and training, qualifications relative to the requirements of the position, and funding. At the University of Kansas Medical Center, a reasonable estimate for the starting pay range will be the minimum to midpoint of the posted range, taking into account the combination of factors listed above.

Pay Range

$80,600.00 - $120,900.00

Minimum

$80,600.00

Midpoint

$100,800.00

Maximum

$120,900.00