Budget Analyst II at University of South Florida in Tampa, FL

A Budget Analyst II is responsible for analyzing financial data and preparing budget reports for an organization. They work closely with department managers to develop and monitor budgets, track expenses, and identify areas for cost savings. They also provide financial analysis and recommendations to support strategic decision-making. Budget Analysts II typically have a strong background in finance or accounting and possess excellent analytical and communication skills. They play a crucial role in helping organizations manage their financial resources effectively and achieve their financial goals.

A Budget Analyst II is responsible for analyzing financial data and preparing budget reports for an organization. They work closely with department managers to develop and monitor budgets, track expenses, and identify areas for cost savings. They also provide financial analysis and recommendations to support strategic decision-making. Budget Analysts II typically have a strong background in finance or accounting and possess excellent analytical and communication skills. They play a crucial role in helping organizations manage their financial resources effectively and achieve their financial goals.

Responsibilities

The duties and responsibilities for this position include:

20% - Serves as a member of the USFRI Decision Support Group. Enhances university reports to ensure compliance. Suggests and assists in implementing modifications and enhancements to financial and administrative departmental support systems. Develops analytical tools to support management decision making. Prepares standardized and ad hoc financial reports and analyses. Compiles, analyzes, and interprets data. Prepares reports and presentations. Provides financial information to department administrators as needed.

20% - Determines costs of services and other operations, as well as return on investments. Collaborates with appropriate individuals and groups regarding such costing issues as research service costs, central service support costs, space costs, cost accounting standards, etc. Makes recommendations to resolve financial issues. Assists with the Facilities & Administrative (F&A) Cost Study and rate negations and annual NSF Higher Education R&D Survey.

20% - Ensures business and financial compliance with federal, state, funding agency, and University policies. Serves as a liaison with external funding agencies, external auditors, departments, Principal Investigators, and other stakeholders on a variety of required compliance matters. Ensures Principal Investigators receive compliance assistance in grant preparation, processing just-in-time information, preparing reports on budgets and expenditures including progress reports and final reports to sponsoring agencies, and that Principal Investigators are provided with sufficient information to be held accountable for fiscal activity.

20% - Collaborates on the development of standard or recurring audit schedules, statements, or reports for all levels of USF management. Determines and recommends changes to administrative policies and procedures based on new or revised regulations and policies. Conducts reviews of a variety of business reports and financial statements for completeness and conformance with grants administration and accounting principles and University, state, and federal specifications. Conducts random financial desk audits.

15% - Evaluates internal accounting controls and makes full use of University systems to monitor activity and ensure that expenditures against F&A are appropriate. Works with responsible officers in the Senior VP area, Sponsored Research, and University Audit and Compliance to develop an ongoing monitoring and reporting system for all sources of funding to ensure requirements and specifications of the USF System and outside agencies are met and assure adherence to budgets and identify budget variances.

5% - Performs other financial, budget, or operation duties, as needed, to achieve the goals and mission of Research & Innovation and the USF System.

Qualifications

Minimum Qualifications
Bachelor’s degree and a minimum of two (2) years of related experience.

Degree Equivalency Clause: Four years of direct experience for a bachelor’s degree. • Senate Bill 1310- The Florida Senate (https://www.flsenate.gov/Session/Bill/2023/1310) is conditional upon meeting all employment eligibility requirements in the U.S. • SB 1310: Substitution of Work Experience for Postsecondary Education Requirements • A public employer may include a postsecondary degree as a baseline requirement only as an alternative to the number of years of direct experience required, not to exceed: • (a) Two years of direct experience for an associate degree; • (b) Four years of direct experience for a bachelor’s degree; • (c) Six years of direct experience for a master’s degree; • (d) Seven years of direct experience for a professional degree; or • (e) Nine years of direct experience for a doctoral degree • Related work experience may not substitute for any required licensure, certification, or registration required for the position of employment as established by the public employer and indicated in the advertised description of the position of employment. • Minimum Qualifications that require a high school diploma are exempt from SB 1310.

Additional Information for Applicants

This position requires a Level I background check.

Hiring salary range: $56,966-$71,207.50

About the Company

Working at USF

With approximately 16,000 employees, the University of South Florida is one of the largest employers in the Tampa Bay area. We are dedicated to cultivating a talented, engaged and driven workforce that strives to be bold. Employees excel in USF‘s rich academic environment, which fosters their development and advancement. In 2025, Forbes recognized USF as one of Florida’s best large employers, ranked No. 1 among the state’s 12 public universities. Our first-class benefits package includes medical, dental and life insurance plans, retirement plan options, employee and dependent tuition programs, generous leave, and hundreds of employee perks and discounts.

About USF

The University of South Florida is a top-ranked research university serving approximately 50,000 students from across the globe at campuses in Tampa, St. Petersburg, Sarasota-Manatee and USF Health. USF is recognized by U.S. News & World Report as a top 50 public university and the best value in Florida. U.S. News also ranks the USF Health Morsani College of Medicine as the No. 1 medical school in Florida and in the highest tier nationwide. USF is a member of the Association of American Universities (AAU), a group that includes only the top 3% of universities in the U.S. With an all-time high of $738 million in research funding in 2024 and as a top 20 public university for producing U.S. patents, USF uses innovation to transform lives and shape a better future. The university generates an annual economic impact of more than $6 billion. USF’s Division I athletics teams compete in the American Athletic Conference. Learn more at www.usf.edu.

Compliance and Federal Notices

This position may be subject to a Level 1 or Level 2 criminal background check.

Applicants have rights under Federal Employment Laws:

The University of South Florida is an equal opportunity employer that does not discriminate against any employee or applicant for employment based on any characteristic protected by law. The University maintains programs for protected veterans and individuals with disabilities in accordance with all applicable federal and state laws.

Family and Medical Leave Act (FMLA)

Applicants for USF employment are entitled to request reasonable accommodation(s) in the application process. A request is to be made at least five (5) working days prior to the time the accommodation(s) is needed. Visit the Central Human Resources ADA Accommodations webpage for more information on requesting an accommodation during the application/interview process.

Equal Employment Opportunity

The University of South Florida is an equal opportunity employer that does not discriminate against any employee or applicant for employment based on any characteristic protected by law. The University maintains affirmative action programs for protected veterans and individuals with disabilities in accordance with all applicable federal and state laws. This job description does not constitute an employment contract.