Financial Analyst

Illinois Institute of Technology
February 19, 2023
Offerd Salary:Negotiation
Working address:N/A
Contract Type:Other
Working Time:Full time
Working type:N/A
Ref info:N/A
Position Details

Position Information

Position Title Financial Analyst

Requisition # S01146P FLSA Exempt Location IIT-Mies Campus (MC), 10 West 35th St., Chicago Department Finance and CFO Office GENERAL DESCRIPTION

The Financial Analyst contributes to IIT's ability to manage its operating budget, provide financial information and reporting, implement budget tools and controls, as well as process budget transactions.

This position is focused on the intersection of technical processes and end- user requirements. The Financial Analyst is responsible for the execution of a wide variety of functions including departmental budget reporting, trend analysis, and reallocation support. This position processes budget transactions and works with department representatives across the university to address day-to-day budget issues. The role requires an innovative thinker with excellent organizational skills, detail oriented, takes initiative and is flexible in roles and responsibilities. The position currently reports to the Assistant Vice President of Budget and Finance.


This position requires excellent verbal and written skills in order to effectively communicate with senior management and budget managers, as well as any other campus constituency. Requires the ability to create and revise spreadsheets and other documents and to synthesize data into meaningful reports.


Provides prompt and courteous customer service to staff and faculty campus wide. Customer service expectations include prompt acknowledgement of questions or requests, timely delivery of answers or product, follow-up to ensure satisfaction, as well as professionalism in interactions. Requires an ability and strong commitment to being an effective team member.

Special Schedule Requirements


EEOC Statement

Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.


Education & Experience

A bachelor's degree preferred. Five years' experience in budget management or financial analysis or an equivalent combination of education and related experience required. Experience supporting executives essential. Previous experience in Higher Education and/or Non-Profit organizations a plus.

Knowledge & Skills

Must be proficient in Microsoft Office programs including Excel, Outlook, Word, and PowerPoint. Demonstrated proficiency in troubleshooting the above programs. Ability and willingness to learn new skills and technologies. Excellent organization skills. Experience in departmental budget management. Experience in handling a wide range of administrative tasks simultaneously and the ability to work independently. Requires a high level of integrity and honesty, including a demonstrated maturity to responsibly handle sensitive and confidential information. Working knowledge of accounting and finance preferred. Working knowledge of Ellucian Banner and Cognos a plus.


No supervisory authority; monitors spending against budget to support to the AVP of Budget and Finance.

Physical Environment and Requirements

Typical Office Environment

Certifications and Licenses

List any certifications or licenses that are either required or helpful in performing the job, designating whether required or preferred.


Key Responsibilities

Key Responsibility

Report Development- Generates reports of financial data from the Banner ERP system and Cognos. Performs ad-hoc reporting and analysis when requested by management, including trend analysis and variance analysis for financial results compared to budget and historical results.

Percentage Of Time 15 Key Responsibility

Provides budget management support for all non-academic departments. Ensures that automated monthly financial reports are sent in a timely manner. Follows up at least monthly with end-users and department managers to assess year-to-date performance and variance analyses. Escalates issues as appropriate to leadership.

Percentage Of Time 25 Key Responsibility

Daily Budget Support Reviews and reconciles budget reallocations submitted by other departments for correctness and works with units to troubleshoot errors. Processes budget reallocations. Provides support for questions from departments related to the “Not Sufficient Funds” budget queue.

Percentage Of Time 25 Key Responsibility

Budget Development Participates in establishing, executing and maintaining the university's annual budget process. Working with other team members, designs, programs, and maintains financial/budget models as directed, as well as creates and programs data collection tools for the budget process.

Percentage Of Time 25 Key Responsibility

Other Duties as assigned.

Percentage Of Time 10

Posting Information

Work Hours

Monday-Friday 8:30 AM- 5:30 PM, Other hours as needed

Position Category Full Time Posting Date 01/12/2023 Closing Date Posted Until Filled No Quicklink for Posting https: //

Supplemental Questions

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Documents Needed to Apply

Required Documents

  • Resume
  • Optional Documents

  • Cover Letter
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