• Budget Analyst

    Job Location(s) US-NY-Old Westbury
    Posted Date 2 months ago(8/9/2018 2:48 PM)
    Job ID
    Budget & Planning
    # of Openings
    Position Type
    Regular Full-Time
  • Overview

    NYIT (New York Institute of Technology) offers 90 degree programs, including undergraduate, graduate, and professional degrees, in more than 50 fields of study, including architecture and design; arts and sciences; education; engineering and computing sciences; health professions; management; and osteopathic medicine. A non-profit independent, private institution of higher education, NYIT has 9,000 students at campuses in New York City (Manhattan) and Long Island (Old Westbury) in New York; Jonesboro, Arkansas; Vancouver, British Columbia; and in various programs around the world. NYIT sponsors 13 NCAA Division II programs.


    NYIT is guided by its mission to provide career-oriented professional education, offer access to opportunity to all qualified students, and support applications-oriented research that benefits the larger world. More than 100,000 graduates have received degrees from NYIT. For more information, visit nyit.edu.


    Reporting directly to the Director of Budget and Planning, the Budget Analyst will assist in the development of the college’s operating budget, process budget-related requests, maintain internal budgetary controls and reporting mechanisms, and create executive level financial reports. The incumbent will have primary responsibility for budgets related to salary and fringe benefits, labor distribution, and position control. Specifically, the Budget Analyst will prepare costs analyses and forecasts for current and future year compensation costs, and will administer daily budget functions related to compensation costs. Budget Analyst will maintain close working relationships with finance staff and other administrative and academic areas; will maintain and develop financial models and databases; will provide input into development of budget related policies and procedures, and will complete other duties as assigned. Candidate will be expected to handle large amounts of confidential and sensitive information. Occasional evening and weekend work may be required, as well as occasional travel to the New York City campus.


    • Provide primary support for maintenance of salary and fringe benefit costs within annual operating budget. Track personnel budget changes, enter and edit changes to financial database for all compensation costs, including health care and retirement benefits. Update forecasts, monitor and predict effects of incremental payments, contingent payments and savings from open positions. Ensure accurate assignment of payroll charges in accounting system and report/investigate budget fluctuations. Draft monthly reports for senior management.
    • Prepare personnel and fringe budget models for upcoming academic year and longer-term forecasts. Prepare special analyses on known and potential factors affecting future year salary and fringe costs. Assist in the development of expense projections, analyze potential savings or budget risks for short and long term cost effects. Continuously maintain all data for future year budget models.
    • Communicate regularly with college academic and administrative managers regarding changes to current staff positions, potential staffing changes, and fringe benefit costs.
    • Reconcile salary and fringe benefit budget database records to the general ledger on a monthly basis. Adjust budgets or accounting records as required and confer as needed with payroll and human resources to complete adjustments.
    • For faculty compensation, monitor costs related to adjuncts and additional compensation payments. Analyze data and make recommendations regarding reallocation of resources to meet current and future school needs based on enrollment changes. Review and approve additional compensation requests within standard procedures.
    • Participate in cross-training for other functions within budget and finance to supports essential responsibilities and duties.      
    • Participate in special projects and perform other duties as assigned. Occasional evenings and weekend work required.


    • Bachelor's degree required, preferably in Accounting/Finance/ or other degree with related experience
    • Financial analysis experience
    • Excellent communication skills - both oral and written
    • High proficiency with entire Microsoft Office Suite, particularly MS Excel, MS Access
    • Preferred: ERP System knowledge and use, Oracle, other database knowledge






     Please submit cover letter & resume for consideration





    NYIT is an Equal Opportunity Employer – M/F/Veteran/Disability/Sexual Orientation/Gender Identity


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