Budget Analyst I at University of… · Baltimore

Summary: The University of Maryland, Baltimore (UMB) is seeking a dedicated and detail-oriented Budget Analyst I to play a key role in the financial operations of the Network of the National Library of Medicine (NNLM) Region 1. The successful candidate will perform duties related to budget formulation, implementation, and adjustment functions to support effective financial management and compliance of grant projects and contracts.

Responsibilities:
- Assists in examining budgets and financial records for completeness, accuracy, and conformity with University policies and sponsor requirements
- Assists in preparing and monitoring budgets and accounts for grants and contracts; identifies errors, discrepancies, and potential issues
- Assists in providing guidance and technical assistance to program directors in understanding and preparing budgets
- Updates files and recordkeeping systems to ensure accuracy of financial records and data
- Prepares and assembles financial and statistical data and basic reports for use in budget evaluation. Assists in monitoring expenditures and encumbrances to ensure compliance with budget limits and sponsor requirements
- Prepares cost projections, budget modifications, and supporting documentation for grant and contract applications and renewals
- Prepares financial, activity, and analytical reports for internal use, program directors, and sponsoring agencies
- Liaises with central offices such as Procurement, Sponsored Programs, and Travel to support budget execution and financial compliance
- Supports timely submission of budget adjustments, invoices, and financial documentation to ensure sponsor and institutional compliance
- Stays current on regulations, trends, and best practices related to financial management including Federal and state regulations (e.g., GAAP, OMB Uniform Guidance)

Required Qualifications:
- Bachelor's degree in accounting or related field with a minimum of nine (9) credits in Accounting
- Working knowledge of and ability to apply Generally Accepted Accounting Principles (GAAP)
- Ability to apply basic analytical skills
- Ability to use calculators
- Ability to communicate effectively both orally and in writing
- Ability to perform basic mathematical computations
- Ability to operate personal computers and related software
- Ability to understand and apply budgetary policies and practices
- Ability to prepare and present budgetary reports and schedules
- Ability to operate manual and automated office equipment

Preferred Qualifications:
- Experience working with Federal grants (i.e. NIH, HHS, etc.) preferred

Required Skills: Generally Accepted Accounting Principles (GAAP), Budget formulation, Financial management, Grant and contract budget monitoring, Financial reporting, Federal grants NIH, Federal grants HHS

Benefits: This is a non-benefit eligible position.