Budget Analyst

Salary: $61,425.00 – $81,900.00 Annually

Location: Normal

Job Number: 202300914

Department: Budget Office

Description

Summary:
The Budget Analyst is responsible for supporting the University’s budget planning, monitoring, and financial reporting processes. This position provides financial analysis and budget support to assigned colleges, divisions, and administrative departments. The Budget Analyst works collaboratively with campus stakeholders to ensure responsible stewardship of university resources while supporting strategic and operational goals. The Budget Analyst is a direct report to the Senior Budget Analyst.

Examples of Duties

Essential Duties and Responsibilities:

• Assist with the development and administration of the University’s annual operating budget.
• Monitor departmental budgets, expenditures, revenues, and fund balances.
• Analyze budget variances and recommend corrective actions.
• Prepare monthly, quarterly, and annual financial reports.
• Review budget transfers, journal entries, and funding requests for accuracy and compliance.
• Assist departments with budget preparation, forecasting, and financial planning.
• Maintain budget records within the University’s financial management system.
• Develop and update budget worksheets, templates, and reports.
• Conduct financial analyses using historical and current budget data.
• Support year-end budget closeout activities.
• Ensure compliance with university policies, state regulations, and applicable accounting standards.
• Respond to budget inquiries from departments and administrative leadership.
• Conduct budget training sessions and financial workshops for campus users.
• Assist with special projects and financial analyses as assigned.
• Serve as the primary budget liaison for assigned departments.
• Train departmental budget managers and administrative staff.
• Respond to financial inquiries from campus stakeholders.
• Other duties as assigned

Typical Qualifications

Minimum Position Requirements (including certifications, licenses, etc.):

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, Public Administration, or a related field.
• One (1) to five (5) years of progressively responsible experience in budgeting, accounting, financial analysis, or higher education finance.
• Experience using Microsoft Excel, including formulas, pivot tables, and financial reporting.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to work independently and manage multiple priorities.

Preferred Qualifications

• Experience in higher education budgeting.
• Knowledge of governmental or fund accounting.
• Experience with ERP system such as Banner
• Experience with reporting tools such as Argos

Supplemental Information

Knowledge, Skills and Abilities:

• Budget development and financial reporting
• Financial analysis and forecasting
• Data management and reporting
• Customer service and collaboration
• Attention to detail
• Organizational and time management skills
• Proficiency with Microsoft Office Suite

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