Budget and Financial Analyst

Indiana University

$89K — $99K *
Education, Government & Non-Profit
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, or a related field required; Master's preferred.
  • 5 years of experience in finance, financial administration, accounting, or related field required; higher education experience preferred.
  • Demonstrates excellent oral and written communication skills.
  • Ability to work independently or as part of a team.
  • Working knowledge of budgetary procedures and best practices.

Responsibilities

  • Collaborate with campus and unit leadership on financial planning and performance review.
  • Promote fiscal stewardship through data-driven analysis and communication.
  • Analyze budget requests and recommend budgetary requirements for executive recommendations.
  • Prepare budget instructions and recommend improvements for budgetary processes.
  • Monitor budget variances and work with units on adjustments as needed.
  • Present findings to leadership with technical reports and visual tools.

Benefits

  • Comprehensive medical and dental insurance.
  • Generous health savings account with IU contributions.
  • Retirement plan with employer contributions and options for supplemental plans.
  • Tuition subsidies for employees and family members taking IU courses.
  • Generous paid time off and holiday leave.
Full Job Description
As a budget analyst within the Indiana University Budget Office, this role serves as an objective and trusted partner in the financial review and analysis of 1 or more campuses and University Administration units.

Department-Specific Responsibilities
  • Collaborates closely with campus and unit leadership to support strategic financial planning, conduct quarterly financial reviews, analyze financial performance, and synthesize complex financial information into actionable insights for university leadership.
  • Helps promote sound fiscal stewardship and informed decision-making across the university through data-driven analysis and effective communication.
  • Analyzes budget requests and recommends campus or Responsibility Center (RC) budgetary requirements for executive recommendations.
  • Provides information and recommendations to university officials and campus or RC finance administrators regarding specific phases of budget preparation and presentation.
  • Prepares budget instructions and makes recommendations for improving budgetary processes and procedures.
  • Reviews campus or RC budget proposals for completeness, accuracy, and compliance with laws, other regulations, and internal policy.
  • Monitors budgetary variances and works with assigned campus or RC on any adjustments or analysis needed.
  • Applies the doctrines, theories, and practices within the field of budget and financial analysis and administration.
  • Evaluates the impact of federal, state, and University internal budget policies, and produces
  • Prepares technical budget documents and reports in support of the Chief Financial Officer and the University.
  • Provides guidance to the lead finance administrators of an assigned campus or RC.
  • Handles highly sensitive and confidential information and situations with objectivity, candor, and confidence.
  • Reviews budget adjustments and other financial transactions for compliance, administration alignment, and appropriateness.
  • Processes transactions to distribute budgets awarded across the university.
General Responsibilities
  • Analyzes, prepares, and recommends financial data to determine past financial performance and to project financial probability and fiscal impact of management decisions and policies.
  • Collaborates with cross-functional teams to develop large-scale annual budgets, rolling forecasts, and long-term financial plans. Reviews budget requests and recommends campus or department budgetary requirements for executive recommendations.
  • Prepares strategic and complex scenarios to anticipate various outcomes based on different assumptions.
  • Performs budgetary controls over large department or campus.
  • Builds and maintains financial models to support decision-making, creating models for forecasting, cost analysis, and capital expenditures.
  • Evaluates the impact of federal, state, and university internal budget policies, and produces technical budget documents and reports.
  • Create variance analysis reports to compare actual performance against budgeted figures.
  • Presents findings to leadership using tools such as spreadsheets, charts, graphs, and technical reports.
Qualifications

Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.

EDUCATION

Required
  • Bachelor's degree in Finance, Accounting, or a related field
Preferred
  • Master's degree in Finance, Accounting, or a related field
WORK EXPERIENCE

Required
  • 5 years in finance, financial administration, accounting, or related field
Preferred
  • Higher Education experience, in budget forecasting or financial analysis
SKILLS

Required
  • Demonstrate excellent oral and written communication in daily interactions.
  • Ability to clearly articulate specific information in area of subject matter expertise.
  • Ability to work independently or as part of a team.
  • Working knowledge of budgetary procedures and best practices.
  • Ability to synthesize information and provide advice to researchers, administrators, faculty, and business managers.
Preferred
  • Conflict resolution and relationship management skills, with the ability to navigate differing perspectives, build consensus, and maintain productive partnerships across diverse stakeholders.
  • Strong analytical and financial reporting skills, including advanced proficiency in Excel and the ability to interpret complex data, identify trends, and communicate insights effectively to support decision-making.
  • Ability to clearly present financial material to a variety of audiences.
  • Ability to interpret financial documents from an accounting, policy, and practice perspective.
  • Familiarity and experience with IU policies, procedures, and systems, including KFS and IUIE.
Working Conditions / Demands

This role requires the ability to effectively communicate and to operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and the campus. The person in this role must be able to perform the essential functions with or without an accommodation.

Work Location

Bloomington, Indiana or Indianapolis, Indiana

Advertised Salary

$89,000 - $99,000 annually

Benefits Overview

For full-time staff employees, Indiana University offers a wide array of benefits including:
  • Comprehensive medical and dental insurance
  • Health savings account with generous IU contributions
  • Healthcare and dependent care flexible spending accounts
  • Basic group life insurance paid by IU
  • Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance
  • Base retirement plan with generous IU contributions, subject to vesting
  • Voluntary supplemental retirement plan options
  • Tuition subsidy for employees and family members taking IU courses
  • 10 paid holidays plus a paid winter break each year
  • Generous paid time off plans
  • Paid leave for new parents and IU-sponsored volunteer events
  • Employee assistance program (EAP)
Learn more about our benefits by reviewing the IU Benefit Programs Brochure .

Job Classification

Career Level: Advanced

FLSA: Exempt

Job Function: Finance

Job Family: Budgeting

Click here to learn more about Indiana University's Job Framework.

Posting Disclaimer

This posting is scheduled to close at 11:59 pm EST on the advertised Close Date. This posting may be closed at any time at the discretion of the University, but will remain open for a minimum of 5 business days. To guarantee full consideration, please submit your application within 5 business days of the Posted Date.

If you wish to include a cover letter, you may include it with your resume when uploading attachments.

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