Costing and Budget Analyst

Details

Posted: 12-Mar-24

Location: Princeton, NJ, US, 08544

Type: Full-time

Salary: Open

Categories:

Other Staff/Administrative

Internal Number: 237959161

Costing and Budget Analyst
US-NJ-Princeton
Job ID: 2023-18050
Type: Full-Time
# of Openings: 1
Category: Financial Services and Procurement
Princeton University
Overview

The Office of Finance & Treasury at Princeton University is seeking a financial analyst to join our Planning Budget and Analysis team in the role of Costing and Budget Analyst. The Costing and Budget Analyst provides in-depth analysis and subject matter expertise on a range of cost analysis and cost compliance reviews, with emphasis on federal sponsored research, OMB Uniform Guidance, and employee benefits. The Analyst assists in the financial oversight of the University's employee medical and prescription drug plans, and of the Student Health Plan; supports projections of the employee benefits rate and the annual benefits rate proposal to the federal government; and conducts ad hoc costing and budget projects as assigned. In addition, the analyst serves as a budget contact for departments across campus and enters budget information in Hyperion planning system; helps departments to understand and address various budget and labor accounting issues; develops ad hoc reports to answer questions as they arise and provides financial analyst support across the Planning, Budget and Analysis department and for campus partners.

The Office of Finance & Treasury actively searches for staff members of exceptional ability and promise who share in Princeton University's commitment to excellence, and who present a diversity of viewpoints and cultures. We offer varied professional opportunities spanning all aspects of financial management, analysis, and processing in support of the teaching and research mission. As part of the University community, we respect the dignity and individuality of each member while trying to foster a sense of shared experience and common purpose. We are unwavering in our commitment to both diversity and community and embrace the variety of talents, backgrounds, and perspectives of all our colleagues.

Responsibilities

Support costing group in the calculation, analysis, monitoring, and compliance review of employee benefits rates; respond to Human Resources, internal audit, and other internal inquiries; review and prepare transactions to support the year-end close of the benefits pool; and assist in preparation of employee benefits rate proposals for DHHS and DOE/PPPL.

Recharge Center Analysis and Compliance

Provide financial reporting, analysis, and transactional review to support studies of recharge center compliance, including the annual review of billing rates and methods.

Monitor and analyze financial transactions related to benefits plans

• Monitor the financial transactions related to the employee health and prescription drug plans, life insurance, long-term disability, flexible spending accounts, dental plans, and vision plan as part of reporting and oversight for the Universityâ™s health and benefits plans.
• Coordinate projection assumptions with the Offices of Risk Management and Human Resources.
• Support development of target university subsidy and employee contribution rates.
• Monitor finances of the Universityâ™s self-insured Student Health Plan with the AVP for Risk Management and the University Health Services/ Student Health Plan Office.
• Prepare reports, financial projections, and updates for the Benefits Committee and provide periodic financial analyses in concert with HR Benefits Administration and other staff in the Office of Finance and Treasury.

University Operating Budget

Provide financial reporting, trend analysis, and modeling for a variety of departments, as assigned, to support the annual operating budget process. May include departmental financial analysis to provide reports and recommendations on subsidies to recharge centers.

Costing and Analysis Project Support

Support University-wide periodic analytical projects, such as preparation of portions of the Facilities and Administrative (F&A) federal rate proposal using F&A reporting tool software. Contact administrative and academic departments for cost details; help to evaluate allocation methodologies; and provide audit support and liaison as required. Other projects may include dry runs of the F&A rate proposal process, indirect cost studies for endowment spending reviews, and analysis of the cost of education.

Qualifications

Essential Qualifications:

• Bachelorâ™s degree or equivalent
• Four to six years of relevant financial analysis and auditing experience, preferably higher education or health care
• A high level of financial, administrative, and problem-solving skills
• The ability to understand and apply complex regulations, including federal regulations, within a university setting
• The ability to deal with sensitive confidential information with discretion and tact, and to work in a deadline-driven environment
• Strong working knowledge of PeopleSoft (or similar ERP system), PC, and network environments; expertise in downloading and analyzing large sets of data
• Advanced Microsoft Office suite skills, especially Excel

Preferred Qualifications:

• Utilization of data warehouse reporting and querying tools, such as Cognos, Business Objects, Tableau, etc.
• MBA or comparable advanced degree in financial or other data analysis
• Experience in post-award research administration in a research university
• Familiarity with the OMB Uniform Guidance
• Audit experience dealing with cost allocation issues
• Knowledge of statistical and/or actuarial practices and principles

Princeton University is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. KNOW YOUR RIGHTS

PI237959161

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About Princeton University
Princeton University is a vibrant community of scholarship and learning that stands in the nation's service and in the service of all nations. Chartered in 1746, Princeton is the fourth-oldest college in the United States. Princeton is an independent, coeducational, nondenominational institution that provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences and engineering.As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its commitment to undergraduate teaching.Today, more than 1,100 faculty members instruct approximately 5,200 undergraduate students and 2,600 graduate students. The University's generous financial aid program ensures that talented students from all economic backgrounds can afford a Princeton education.
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