Job Information
University of Florida Financial Analyst III - College of Medicine, Office of the Dean, Division of Finance and Administration (DOFA) in Gainesville, Florida
Financial Analyst III - College of Medicine, Office of the Dean, Division of Finance and Administration (DOFA)
Apply now (https://secure.dc4.pageuppeople.com/apply/674/gateway/default.aspx?c=apply&lJobID=534598&lJobSourceTypeID=796&sLanguage=en-us) Job no: 534598
Work type: Staff Full-Time
Location: Main Campus (Gainesville, FL)
Categories: Business/Accounting/Finance
Department: 29010500 - MD-FINANCIAL SERVICES
Classification Title:
Financial Analyst III
Job Description:
Join Our Team as a Financial Analyst III in the College of Medicine!
The College of Medicine, Office of the Dean, Division of Finance and Administration (DOFA), is seeking skilled and motivated Financial Analyst IIIs to support critical financial operations within the college. Reporting to the Assistant Director of Finance for Reporting, Planning and Analysis, you will coordinate major financial reporting functions, perform comprehensive financial analyses, and develop policies and procedures to enhance financial administration in the areas of reporting and budgeting.
Key responsibilities include supporting the annual development, implementation, and monitoring of the COM Budget and contributing to the design, implementation, and maintenance of the annual faculty compensation plan. You will also handle other financial and analytical duties as assigned.
Ideal candidates will bring a strong foundation in financial analysis and budgeting, supported by a master’s degree in accounting, business, finance, or a related field. Proficiency with tools such as SQL and Excel, along with excellent organizational and communication skills, will be essential to collaborating effectively with diverse stakeholders and succeeding in this role.
About This Role
Reporting and Analysis
Monitor financial performance of individual clinical departments. Work directly with individual departments to assess drivers of variances from budget, and highlight and report trends and significant variances affecting overall College of Medicine financial performance.
Develop and monitor improvement plan for any budget variances noted.
Prepare financial forecasts and proformas for new projects, and develop appropriate assumptions on volumes based on market indicators.
Routinely assess actual vs. projected performance for projects and capital investments.
Prepare and analyze various financial reports using tools such as Enterprise Analytics, Business Objects, and OneStream.
Conduct ad-hoc analysis and special projects related to the COM Budget, faculty compensation plan, or other financial areas.
Analyze and monitor monthly COM department budgets, including actual financial statements, investigating and analyzing variances, including clinical volumes, salary expenses, use of restricted funds, and operating expenses.
Act as a liaison between College of Medicine departments and other functional areas and departments within the University.
Provide subject matter expertise in reporting and analysis, offering assistance to departments.
Assist in the development of best practices, reporting documentation, and training.
Ensure compliance with regulations, reporting requirements, and data gathering for industry surveys.
Analyze and monitor the monthly COM department budgets to actual financial statements, investigate, and analyze variances including clinical volumes, salary expense, use of restricted funds, operating expenses, etc.
Budget
Support the coordination, compilation, and monitoring of the COM financial budget.
Collaborate with departments to budget for salary, operating expenses, clinical revenue, contractual revenue, restricted revenue, and state general revenue.
Interface with departments on budget matters and deadlines.
Create and distribute preliminary and final budget reports to departments.
Analyze departmental budgets for utilization of appropriate funding sources and clinical volumes.
Help manage the shared COMFS Budget email and respond to department inquiries.
Provide analysis for budgeted funding sources versus actual funding sources and distributions.
Work with the budget team to ensure all objectives are met.
Faculty Compensation Plan
Assist in the development and execution of reporting related to faculty variable compensation.
Generate reports on faculty productivity and compensation data for leadership, department administrators, and faculty.
Assist with monthly comp plan data loads, adjustments, and troubleshooting.
Support the interpretation and application of the COM Faculty Compensation Plan rules and processes.
Prepare and analyze faculty compensation plan reports to represent current and projected financial status.
We Offer Exceptional Benefits
Low-cost State Health Plans: Medical, Dental, and Vision Insurance
Life and Disability Insurance
Generous Retirement Options to Secure Your Future
Comprehensive Paid Time Off Package (including 11 paid holidays, as well as paid family, sick, and vacation leave)
Exceptional Personal and Professional Development Opportunities (UF Training & Organization Development including leadership development, LinkedIn Learning, amongst other opportunities)
Tuition Assistance (UF Employee Education Program)
Public Service Loan Forgiveness (PSLF) Eligible Employer
About the Division of Finance and Administration
The College of Medicine, Office of the Dean, Division of Finance and Administration (DOFA) is dedicated to managing and enhancing the financial and administrative operations that support the college’s mission of excellence in education, research, and patient care. Reporting to the Dean of the College of Medicine, this office encompasses several key areas including budgeting, financial reporting, payroll, accounts payable, and asset management.
For more information about DOFA and our goals, visit College of Medicine Finance and Administration (https://financeadmin.med.ufl.edu/) .
About the City of Gainesville
Discover Gainesville, Florida, home to the University of Florida College of Medicine, where modern attractions and natural beauty harmonize to create an exceptional living environment. Enjoy a low cost of living, no state income tax, outstanding public and private schools, and pleasant winters in a community that passionately supports Division I NCAA sports (Go Gators!). Explore scenic bike trails, lively farmer's markets, and a thriving local brewery scene. Immerse yourself in over 30 miles of biking and hiking trails, encounter diverse wildlife in Florida State Parks, and experience thrilling adventures in freshwater springs. Gainesville's central location offers easy access to both the Gulf of Mexico and the Atlantic Ocean, providing stunning beaches, nature preserves, and world-renowned theme parks within a day's drive. Become part of our vibrant community, where the perfect blend of opportunities awaits. Learn more about what Gainesville has to offer atVisit Gainesville (https://www.visitgainesville.com/) .
Expected Salary:
$75,000 - $82,000; commensurate with education and experience
Minimum Requirements:
Bachelor’s degree in an appropriate area and four years of relevant experience.
Preferred Qualifications:
The ideal candidate have:
Master’s degree in accounting, business, finance, or a related field for a strong foundation in financial analysis and budgeting.
Experience working in a role responsible for financial analysis, preferably within the healthcare industry.
Proficiency with SQL, Excel, Access. Experience with OneStream is a plus. These tools are essential for tasks such data extraction, analysis, and reporting.
Excellent working knowledge of business-related software programs.
Excellent written and oral communication skills to ensure effective communication with various stakeholders, including department administrators, faculty, and leadership
Maintain strict confidentiality at all times. This is a key aspect of this role as you will be handling financial data and strategic information.
Ability to successfully work independently and as part of a team to collaborate with various departments while also being self-directed in financial analysis and reporting tasks.
Excellent organizational skills, attention to detail, and the ability to plan, organize, and analyze financial data.
Ability to prioritize as this role involves managing multiple financial tasks and deadlines.
Special Instructions to Applicants:
To be considered, please apply throughCareers at UF (https://explore.jobs.ufl.edu/) and upload the following documents with your application:
Cover letter
Resume
Contact information for at least three professional references
If an accommodation due to a disability is needed to apply for this position, please call 352-392-2477 or the Florida Relay System at 800-955-8771 (TDD).
This requisition has the opportunity to fill multiple positions.
This requisition has been reposted. Previous applicants are still under consideration and need not apply.
Application must be submitted by 11:55 p.m. (ET) of the posting end date.
Health Assessment Required:No
Advertised: 23 Jan 2025 Eastern Standard Time
Applications close: 12 Feb 2025 Eastern Standard Time