A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position. Submit both the cover letter and resume as one file due to system limitations.
Financial staff serve as consistent partners within the University of Michigan Library by providing reliable support across the library. As the Budget Analyst, you will support the financial and business operations of the Publishing division, and broader financial processes across the library. Working within an experienced and mutually supportive team, your responsibilities will include financial planning and analysis, financial transactions support, reconciliations, royalty processing, procurement, and financial reporting. Annually, you will work with the finance team members on library-wide budget deliverables, fund allocations, and budget projections. You will also be responsible for fiscal year-end activities and internal controls.
Reporting Structure
This position reports to the Budget and Finance Manager, who reports to the Director of Finance and Human Resources
- Financial Planning, Analysis, and Budget Monitoring: Monitor, reconcile, and analyze assigned budgets, accounts, and project grants, including identifying trends, costs, revenues, commitments, and future projections; Analyze sales and related transactions to prepare journal entries for the general ledger; Track production cost information for individual contracts and process/track subvention requests and payments; Collaborate with the finance team on library-wide budget deliverables, including fund allocations and annual budget projections.
- Financial Reporting and Data Management: Prepare client financial statements as required by specific contracts and maintain historical sales files; Develop financial reports and variance analyses to support library-wide budget-related materials; Manage the preparation, submission, and tracking of ebook sales and associated payments; Audit financial information from external sources to ensure total accuracy and contract compliance.
- General Ledger and Transactional Operations: Execute financial transactions, including accounts payable, accounts receivable, travel and expense, and requisitions; Prepare and record journal entries in the general ledger to accurately reflect business activity; Reconcile balance sheet accounts and budget lines against third-party records. Manage fiscal year-end activities and ensure all transactions are completed within established timelines.
- Royalty Management and Contract Administration: Enter and maintain contracts and related data within specialized royalty software; Prepare and upload sales and income data for royalty processing; Audit and reconcile royalty balances, serving as a point of contact for authors regarding their statements and payments.
- Procurement, Purchasing, and Internal Controls: Support purchasing and bid-related processes, including the preparation of requests for quotations (RFQ), requests for proposals (RFP), and sole source justifications; Review financial activity for policy compliance and alignment with University internal controls; Troubleshoot and resolve issues related to financial transactions or procurement workflows.
- Process Documentation, Training, and Professional Support: Develop and maintain standard operating procedures (SOPs) and supporting documentation for both Publishing and Library Finance operations; Provide guidance and training to non-finance staff regarding financial procedures, budget processes, and system usage; Serve as a backup for colleagues and contribute to special projects as assigned to ensure consistent support across the library.
- Bachelor's degree or equivalent experience in accounting, finance, or a related field, with knowledge of accounting and financial principles.
- 2+ years of experience as an accountant, financial analyst, or budget analyst.
- Experience with financial analysis, budget development, general ledger activities, reconciliations, auditing, monitoring, and presenting financial information clearly.
- Proficiency with reporting tools, databases, and advanced spreadsheet functions, including tools such as Business Objects, SQL, Oracle, Excel PivotTables, VLOOKUP, and Google Sheets.
- Strong analytical, problem-solving, organizational, and communication skills, with the ability to anticipate issues, take initiative, and meet established timelines.
- Experience managing varied work in an environment with shifting priorities, both independently and as part of a team.
- Excellent customer service skills, attention to detail, accuracy, and ability to handle sensitive information.
- Experience with higher education budget processes, cycle, and requirements.
- Experience with publishing industry finance.
- Experience with revenue and non-profit accounting standards and activities.
In addition to a career filled with purpose and opportunity, The University of Michigan offers a comprehensive benefits package to help you stay well, protect yourself and your family and plan for a secure future. Benefits include:
- Generous time off
- A retirement plan that provides two-for-one matching contributions with immediate vesting
- Many choices for comprehensive health insurance
- Life insurance
- Long-term disability coverage
- Flexible spending accounts for healthcare and dependent care expenses
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
This position may be eligible for onsite or hybrid work opportunities at the discretion of the hiring department. Work agreements are reviewed annually and are subject to change, depending on the business needs of the hiring department, throughout the course of employment.
For questions about this posting or to request accommodations, please contact [email protected].
Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled at any time after the minimum posting period has ended.
The University of Michigan is an Equal Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, including protected veterans and individuals with disabilities.
