Summary
The Enterprise Financial Planning & Analysis (EFP&A) department is seeking a Business Analyst Senior to join our enterprise planning team. In this position, you will serve as a subject matter expert in planning and recharge processes. Our team provides support services to Business & Finance (B&F) which consists of central service departments including Finance, the Shared Service Center, University Human Resources and the Facilities & Operations units. Certain duties extend across the University of Michigan (U-M) on an enterprise-wide basis, across all campuses.

As a consolidation point for a number of budget processes, including the Business & Finance (B&F) operating budget and the university auxiliary budgets, you'll interface independently with a broad cross-section of stakeholders to update and analyze their annual budget and actual results. You'll develop deep knowledge of the budget model and will have the opportunity to use advanced Excel skills to develop more efficient ways to analyze and process data. This position will give you the opportunity to see and understand university financial planning processes, while also requiring close attention to detail. You will also be able to gain a broader understanding of university services by way of recharge rate submission analysis and review.

Who We Are
Enterprise Financial Planning & Analysis (EFP&A), specifically the planning and recharge team, is responsible for managing and approving recharge rates for the University of Michigan, and leading the enterprise-wide budgeting process, and is responsible for Business & Finance budget process consolidations and data analysis, and manages a number of central allocation models. We collaborate closely with other university units and campuses to develop and analyze budgets and review and approve university recharge rates. Additionally, the EPF&A department also leads enterprise-level forecasting, modeling, projects, analytics and reporting. We also conduct analysis and prepare presentations for senior leadership, including materials that are shared with the university Board of Regents.

Responsibilities*
We are in search of a Business Analyst Senior to join our team in Enterprise Financial Planning & Analysis who will:

Assist with and/or lead additional projects potentially including B&F's budget memo preparation, monthly FTE reporting, and the university budget process.
Develop elements of the monthly B&F and Finance reports to senior leadership.
Develop and reconcile monthly FTE reports for Finance and reconcile FTE data on a monthly basis for other B&F unit(s) as assigned.
Manage the monthly discretionary fund reporting and reconciliation for the AVPF and EVPCFO.
Review, analyze and approve university internal recharge rates to ensure compliance with Uniform Guidance (formerly A-21) and university policy. Analyst will receive rate documentation from university units and will perform a thorough audit of that submission including validation of expenses and balances, formulas, and validation that the expenses included are allowable.
Work directly with Business & Finance units to develop, review and analyze budgets, forecasts and unit financial performance reports. Assist in report development and compilation; prepare financial and operational projections of activity and costs, analyze and interpret budget to actual variances and assist in developing accurate and timely internal reports.
Supports development of annual budget book and consolidated enterprise financial reports. This position will be responsible for the consolidation of the auxiliary fund budget and the subsequent budget to actual analysis in this space.
Will become knowledgeable with the SAP BPC tool to generate reports and ad hoc analysis. Will become knowledgeable with replacement budget tool and participate in implementation efforts, testing and training of users.
This position will work directly with customers to develop concise financial/budget models. This includes preparing narrative documents, clearly outlining the approach, analyses, assumptions and conclusions for business cases. Will train and share best practices in budgeting and variance analysis.
Perform analytical studies and conversion of data into concise understandable reports. Leverage internal systems and data to answer questions and interpret data. Build clear, understandable analyses/ models, documenting all assumptions.
Required Qualifications*
Bachelor's degree in accounting or finance with a thorough understanding of basic accounting and financial principles
5-8 years of professional experience
Attention to detail, with emphasis on accuracy
Ability to utilize spreadsheet software to model and analyze data
Ability to interpret financial data, write reports, and present financial information
Strong interpersonal skills including the ability to effectively communicate and work with a variety of individuals and units
Capable of adapting to changing work assignments
Budgeting and forecasting experience
Experience with accrual accounting, journal entries, and account reconciliations
Minimum intermediate level proficiency in Microsoft Excel, Word, and PowerPoint
Desired Qualifications*
Master's degree and/or experience in a higher education business setting
Reasonable knowledge of University of Michigan policies, rules and regulations
Understanding of the M-Pathways system including the ability to retrieve required data using Business Objects and familiarity with NVision reporting
Knowledge of fund accounting or generally accepted accounting (GAAP) principles
Knowledge of university policies, operations rules and regulations, and business systems
Ability to perform financial statement variance analysis and effectively and concisely communicate the results of that analysis