Job Description
Department BSD AFA - Budget Staff 3 About The Department The University of Chicago biomedical enterprise houses three entities: the Biological Sciences Division (BSD), the University of Chicago Medicine (UCM), and the Pritzker School of Medicine. Collectively called UCM, we are one of the nation's leading academic medical institutions and have been at the forefront of discovery, education, and clinical care since 1927. Located 20 minutes south of downtown Chicago, our Hyde Park main campus provides a single environment for learning, world-renowned basic science and clinical research, and outstanding clinical care. The BSD Is The Largest Academic Unit Within The University. The BSD Is Comprised Of Faculty From Ten Basic Science Departments, 14 Clinical Departments, And Several Centers And Institutes. The Approximately 1,300 Faculty And 3,000 Staff Members Working In The BSD Collaborate Across The Organization To Achieve Our Mission, Vision, And Values (MVV): MISSION: As part of the University of Chicago, we pursue globally impactful solutions to seemingly unsolvable challenges. Through our rigorous research, innovative education, and comprehensive care and healing, we collaborate on life-changing advancements that create meaningful results for our community and the world, including a greater, more equitable future for all. VISION: Together, we elevate the human experience with knowledge and health care. Values: Commit to Excellence: We contribute our exceptional talents to all we do and empower the same spirit of excellence in others. Embrace Curiosity: We stay open to new ideas, champion diverse perspectives, and drive a culture of thoughtful risk-taking to deliver transformative innovation. Embody Equity: We identify systemic issues and then foster change to drive a more equitable environment inclusive of diverse people, ideas, and fields of science. Grow Together: We meaningfully collaborate with one another to create something bigger than we could ever achieve alone. Make a Difference: We lead with heart and compassion in all our interactions. We create positive change in our areas of influence, whether expanding scientific inquiry, developing the next generation of leaders, or healing our community. Take Ownership: We accomplish what we say we will and hold ourselves and one another accountable for our actions. The MVV serves as our True North, charting our strategic plan for the next ten years and beyond. It is an exciting time to be a part of the University of Chicago and the BSD. Our team is helping to shape the future for our learners, staff, faculty, patients, and community. Job Summary The job manages operating and capital budgets for divisions and/or University-wide administrative units. Helps develop long and short term financial goals, business strategies/plans, and financial forecasts/models for major service programs and initiatives. Manages quarterly and year-end reporting for the operating budget. Responsibilities Analyzes budget estimates and proposals for completeness, accuracy, and conformance with established procedures, regulations, and organizational objectives. Understands key assumptions and issues. Consolidates individual budgets into operating and capital budget summaries which argue for or against funding requests. Submits budget summaries to management. Communicates directly with department leadership to point out budgeting issues and propose solutions. Monitors budget variances by reviewing reports and accounting records to determine if allocated funds have been spent, and identify underlying business drivers and potential problems. Assists managers in analyzing the proposed plan and devising possible alternatives if the projected results are unsatisfactory. Analyzes budget trends, communicates finding to leadership. Maintains and tracks benchmarks and key business drivers, such as student funding sources, faculty commitments, grant funding, etc. Prepares and deploys status reports to key users, providing meaningful information on projects, budgets and budget variances, statistics and productivity. Prepares data requested by both internal customers (e.g. Sr. Management, Departments, University, Medical Center) and external entities (e.g. AAMC, US News and World Report, government agencies, etc.). Provides consulting and advisory services to all levels of customers in the organization including executive and faculty leadership. Answer to inquiries by providing data analysis and relevant information, assist with financial improvement action plans, and complete various financial analysis projects as needed. Recommends changes t