Reporting to the Director of Budgets and Planning, the Senior Budget Analyst supports the annual budget development process, provides the department(s), the program(s) and the school(s) financial reporting and analysis, and plays a key role in the monthly and multi-year projection process. The position maintains financial planning models for revenues and expenses.
Under the direct supervision of the Director of Budgets and Planning, the Senior Budget Analyst will work with department and school leaders to create and execute financial plans and forecasts that support the success of the Institute. By providing the leaders with an understanding of the key drivers of their revenue and expenses, challenging them to improve the way they operate, and working together to build better operational plans, the Senior Budget Analyst will help reshape how the Institute operates.
MGH Institute of Health Professions has announced an organization-wide anti-racism initiative to think boldly about race and bring together all members of the IHP community to broadly address systemic racial injustice and oppression. The plan seeks to create a supportive and inclusive campus environment and better support the diverse communities the school serves. We are excited about this new initiative and are hiring employees who are committed to justice, equity, diversity, and inclusion and will contribute to our anti-racism and anti-oppression approach.
This position is a hybrid position with the expectation that 50% of the employee's time will be spent on campus.
Support the Institute's annual operating budget and capital budget development process. Collaborate with schools, programs, departments and MGB to develop the budget and multi-year financial planning models including net tuition and fees, other revenues, key operating expenses and capital needs.
Prepare annual budget upload information for Peoplesoft and assist Director of Budgets and Planning with preparation of current year budget spreads and multi-year budget forecasting effort for MGB, as required.
Timely review and processing of incoming budget submissions. Ensure the accuracy and completeness of budget system data. Consolidate reports and prepare necessary analytics for Budget Committee discussions. Share proposed budget throughout the organization and explain issues, as needed.
Meet cost center managers on regular basis and act as an advisor to them in formulating their budget submissions and gather business intelligence to assist analytics and forecasts.
Prepare and distribute budget information to programs and departments in a timely manner.
Financial modeling & analysis
Assist to maintain the enrollment, tuition, and fee financial model
Work closely with Human Resources department to update the personnel model in Adaptive Insights
Perform financial analyses to support the budget and multi-year planning cycles.
Develop ad-hoc financial models and manage projects in support of financial planning, budgeting, and strategy
Assist Director of Budgets and Planning to maintain the Adaptive Insight models and enhance the capability of Adaptive Insights
Assist Director of Budgets and Planning to update Plan-It periodically, according to MGB timeline
Work with Director of Accounting and Financial Reporting to upload actuals to Adaptive Insights and maintenance of chart of account and organizational structure within Adaptive
Participate in the upcoming Workday financials implementation, if needed
Reconcile the budget, actual balance among systems Peoplesoft, Workday and Adaptive on regular basis (Workday is in the future)
Being part of a team
Trains and cross trains on key functions with all members of the Financial Services Department.
Other duties as assigned.
Qualifications Bachelor's degree with major in accounting or finance. CPA and/or master's degree preferred.
3-5 years experience in a higher education environment within a college or university setting preferred. 5-7 years of analytical experience, knowledge of generally accepted accounting principles and the ability to work independently with minimal supervision is required.
a) Administrative Skills- Excellent verbal and written communication skills; self motivated, resourceful, and able to take initiative; excellent interpersonal skills, including strong customer service orientation; ability to work effectively as member of team.
b) Technical Skills- Must have strong strategic and analytical ability. Strong computer skills, advanced use of Excel. Knowledge of PeopleSoft Financial System or Workday is desirable. Knowledge of database programs such as Adaptive Insights, and Datatel desirable.
c) Physical Capabilities - The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, stand, and be mobile; use hands to finger, handle or feel objects, tools or controls; and communicate orally. Specific vision abilities required by this job include close vision and the ability to adjust focus.
EEO Statement The MGH Institute of Health Professions is an equal opportunity employer and is committed to enhancing the diversity of its faculty and staff. We welcome nominations and applications from individuals who would bring diversity of experience, thought, and practice to the Institute's research, teaching, and clinical missions. Applications from protected veterans and individuals with disabilities are strongly encouraged.Partner's Healthcare is acting as an Employment Agency in relation to this vacancy.
MGH Institute of Health Professions, founded by Massachusetts General Hospital in 1977, is an innovative and independent graduate school in Boston that is a member of Partners HealthCare. A progressive leader in developing comprehensive models of health care education, the MGH Institute prepares advanced practice professionals in the fields of nursing, physical therapy, occupational therapy and communication sciences and disorders through a distinctive combination of academic study, clinical practice, and research. More than 1,200 students are enrolled in graduate level and certificate programs, with an increasing number of courses available online. The Institute is accredited by the New England Association of Schools and Colleges (NEASC).