Strength Through Diversity
Ground breaking science. Advancing medicine. Healing made personal.
Roles & Responsibilities:
The Budget Analyst reports to the Associate
Director and works in conjunction with Financial Analyst and related personnel
on department financial activity, and recommends changes to ensure accuracy and
efficiency. There will also be collaboration and interaction with the
CFO/Senior Vice President of Finance, the Associate Dean for Operations and
Dean’s office Finance Office.
Cross-functional responsibilities may include, and are not limited to, gift pipeline, capital and depreciation projects, cash and investments, and other ad-hoc projects as needed.
- Assists in the development of annual budget process for the School of Medicine in various activities, including: 1) Reporting and Analyzing the operating results of various departments within the School, 2) Communicating with departments to investigate budget to actual variances, 3) Quantifying, tracking and controlling the fund flows for institutional and philanthropic support for departmental strategic initiatives, 4) Collaborating with departmental finance leadership to co-develop budgets for the subsequent year and 5) compliance reporting, accounting and budget financial oversight of the Member Hospitals such as Mount Sinai Downtown, New York Eye and Ear Infirmary, Mount Sinai West and St. Luke’s
- Monthly analysis and review of the monthly financial statements for annual revenue, expense, capital, tuition, royalties, indirect cost recovery, endowment income and other items within the consolidated school of Medicine and provides fluctuation analysis from actual to budget
- Ensuring that communications are made throughout the various accounting areas (including School Accounting, Sponsored Project Accounting and Faculty Practice Accounting) to adhere to quality controls
- Monthly follow-up and discussions with department finance leadership over actual variances from approved budgets
- Assist in analysis of annual revenue and expense for various business functions for the School, including tuition, royalties, indirect cost recovery, patient revenue and other items; and prepare monthly flux reports
- Allocates the monthly institutional ‘CARTS’ funding support negotiated with various basic and clinical science departments
- In collaboration with the Dean’s office, tracks and coordinates the outstanding seed/strategic commitments made on behalf of the various departments
- Maintains close coordination with gift analyst to ensure sources of funds are not exceeded by scheduled/committed uses
- Assists in developing the School’s global budget, and ensures that all detail schedules are tied and reconciled to global budgets. Ensures that all key personnel in the budget process are continually apprised of any major variances between detail and global budgets
- Proposes changes to budget based on communication with the CFO of the School of Medicine
- Assists with Budget and other Financial Presentations with ‘ad-hoc’ reports and supporting financial analysis
- Assists with ensuring compliance with financial policies including deficit management, departmental financial breakeven goals and coding
- Reviews and analyzes assigned department budget submissions based on historical performance, changes in operations and other relevant factors
- Performs other related duties
- Education: Bachelor’s degree in Accounting
- 0-2 years of experience in Accounting/Budgeting
Strength Through Diversity
The Mount Sinai Health System believes that diversity and inclusion is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize healthcare delivery together.
We work hard to recruit and retain the best people, and to create a welcoming, nurturing work environment where you have the opportunity and support to develop professionally. We share the belief that all employees, regardless of job title or expertise, have an impact on quality patient care.
Explore more about this opportunity and how you can help us write a new chapter in our story!
Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.
Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospitals, including Mount Sinai Beth Israel, Mount Sinai Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai St. Luke’s, and New York Eye and Ear Infirmary of Mount Sinai.
The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.