| Position Title: | Budget Analyst | |
| Location: | Big Rapids (Main Campus) | |
| Department: | 58000 - Budgetary Planning & Analysis | |
| Advertised Salary: | $59,000 - $65,000 - Salary commensurate with education, experiences, and other requirements. Comprehensive benefit package (health care, vacation, etc.) | |
| FLSA: | Exempt | |
| Temporary/Continuing: | Continuing | |
| Part-Time/Full-Time: | Full-Time | |
| Union Group: | N/A | |
| Term of Position: | 12 Month | |
| At Will/Just Cause: | At Will | |
| Summary of Position: | The Budget Analyst assists in the preparation of the annual university general fund and non-general fund budgets; processes the detailed annual budget allocations to organizational units; monitors and forecasts student enrollment; maintains Institutional and State data reporting (HEIDI, MASU, etc); utilizes in-depth knowledge of budgeting and variance analysis to compile various analyses and reports; and performs other duties as required.
This role requires knowledge of budgetary procedures and provides complex reporting, analytic and technical expertise for all phases of the annual budget process including: student enrollment, tuition revenue forecasting, operating expenses and fund transfers. Responsible for reporting required data to State and university offices. Utilizes general accounting knowledge and the ability to research information in the Banner ERP system. | |
| Position Type: | Staff | |
| Required Education: | • Bachelor’s Degree in Financial Administration, Accounting, or other business related field. | |
| Required Work Experience: | • Minimum three years of demonstrated budgetary work experience in a financial / accounting setting, or related field.
• Advanced Excel skills are required: experience using spreadsheets, advanced spreadsheet functions and the ability to logically organize complex databases. Experience with Microsoft Word and PowerPoint.
• Excellent written and verbal communication skills. Considerable interaction with groups where tact, diplomacy, and the ability to work under pressure are required. | |
| Required Licenses and Certifications: | | |
| Physical Demands: | - Office Environment
- Reaching
- Sitting
- Twisting
- Repetitive movement
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| Additional Education/Experiences to be Considered: | • Prior experience in higher education.
• Banner general ledger experience. | |
| Essential Duties/Responsibilities: | • Assists with development of the annual budget and budget model.
• Creates and distributes budget templates to University leadership.
• Compiles budget templates submitted by divisions.
• Prepares annual Banner budget uploads for Accounting and ensures all pieces balance to board approved budget.
• Work collaboratively with University leadership and campus partners to analyze budget issues, answer questions and propose solutions.
• Works collaboratively with Position Control for the accurate development of the university's annual compensation budget.
• Works with Enrollment Services to track actual enrollment results and produce enrollment and retention projections.
• Develop long-term revenue and expenditure projections for the university, including recommendation of tuition rates.
• Prepares comprehensive fiscal and other analyses and reports as required, including Actual vs. Budget Tuition Revenue analysis each semester.
• Responsible for preparing and submitting annual HEIDI (Higher Education Institutional Data Inventory) state reporting.
• Responsible for preparing and submitting annual tuition and fee information to MASU (Michigan Association of State Universities).
• Prepares and submits statistical data and annual reports to Ferris' office of Institutional Research and Testing, including Academic Degree Program costing data.
• Responsible for the compilation of internal compensation data used for bargaining unit contract costing (IGUANA).
• Assists with bargaining unit contract costing.
• Serves on various university committees as assigned, including the Tuition and Student Fees Committee.
• Responsible for maintaining the confidentiality of designated information/data.
• Reports directly to the Director of Budgetary Planning and Analysis.
• Demonstrates an understanding of diversity, equity, inclusion and belonging, especially in working relationships with students, faculty, staff, and community members.
• Support, promote, and develop university student enrollment and retention initiatives.
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