Budget Analyst I

Location: Midtown

Org Unit: Budget and Planning

Work Days: 35.00 weekly hours

Exemption Status: Exempt

Salary Range

$79,700.00 – $88,900.00 (as required under NYC Human Rights Law Int 1208‑2018 – salary range for this role when hired for NYC offices)

Position Summary

Responsible for assisting in the development, implementation and maintenance of the Medical College's operating budget, as well as creating and maintaining financial models and schedules to assist with the overall budgeting and reporting needs of the department.

Responsibilities

• Assists in the development of the WCM annual operating budget and associated policies and guidelines.
• Gathers industry or peer data for comparison and best practices.
• Responsible for the administration of departmental budgets and the implementation of these budgets into the enterprise financial system.
• Works on the preparation & distribution of institutional allocations; prepares related schedules for funding sources; updates & maintains changes to allocations as necessary; maintains budget databases & models used for allocations & trending analysis.
• Assists in the preparation and maintenance of monthly revenues and expense reports for WCM’s operating budget.
• Analyzes reports for data integrity, variances, trends and cyclical events.
• Assists in the development and maintenance of budget models and tools for forecasting used in the development of the budget.
• Assists in the preparation of presentations and financial materials for meetings with WCM senior leadership, Board of Trustees, Board of Overseers, and the Business and Finance Committees.
• Meets with financial officers from institutional departments on budgetary requests or issues; communicates and explains budget policies to ensure adherence to Medical College policies and standards.
• Develops and maintains monthly budget vs. actual reports; analyzes variances; identifies and rectifies any budget discrepancies; escalates any unresolved issues as needed.
• Prepares and updates various schedules of institutional resources including endowments, scholarships, and research funds.
• Performs funding and transfer mechanisms including revenue/expense transfers and funding of institutional subsidies.
• Prepares ad‑hoc budget/financial reports as requested.
• Performs other related duties as assigned.

Education and Experience

• Bachelor’s Degree (Finance, economics or related field preferred).
• Approximately 2‑3 years of financial analysis, finance, or budgeting experience.
• Proficient knowledge of Microsoft Office Suite, including Excel (vlookups, pivot tables, etc.) and MS Access.
• Experience with databases and reporting software.
• Budget‑related experience in a higher‑education institution is highly desired.
• Fund accounting knowledge helpful.
• Experience with enterprise resource planning systems such as SAP, Oracle, or PeopleSoft is a plus.

Knowledge, Skills and Abilities

• Strong interpersonal skills; ability to interact with multiple constituencies and faculty/staff at all levels.
• Ability to manage multiple priorities efficiently and diplomatically in a high‑pressure, complex environment.
• Strong organizational skills and attention to detail.
• Strong oral and written communication skills.
• Expert knowledge of Excel and PowerPoint.

Cornell welcomes students, faculty, and staff with diverse backgrounds from across the globe to pursue world‑class education and career opportunities, and is committed to an inclusive workplace free from discrimination based on any legally protected status.