Finance Analyst 1 - Department of Medicine

About the Job

45% | Budget Analysis & Financial Reporting (ISO/ESO Operations)

• Financial Planning & Budgeting: Provide comprehensive, global financial reports, projections, and annual budgets for projects, faculty, divisions, and the department. Identify financial risks and opportunities, and deliver ad hoc reporting and custom financial plans as requested.
• ISO/ESO Operations: Serve as subject matter expert for three Internal and External Service Organizations (ISO/ESO). Lead annual budget creation, conduct rate development analysis, and provide monthly reporting to guide operational decisions.
• Process Improvement & Leadership Representation: Represent the department on Medical School, Academic Health Center (AHC), and central administrative committees to share expertise, guide institutional decision-making, and lead internal process design and continuous improvement initiatives.

35% | Research Accounting & Grant Lifecycle Management

• Full Lifecycle Oversight: Serve as financial expert for the complete lifecycle of sponsored grants and non-sponsored funding, from pre-award budget establishment and progress reporting to final renewals and closeouts.
• Compliance & Transaction Approval: Audit and act as Certified Approver for grant expenditures, ensuring compliance with grant/contract regulations and University accounting policies. Proactively identify, investigate, and resolve budget deficits or accounting discrepancies.
• Effort Certification & Payroll: Determine appropriate labor charging percentages, manage and coordinate the effort certification process, review effort statements, and partner with faculty to resolve discrepancies.

10% | People Leadership & Supervision

• Direct Supervision: Exercise full supervisory responsibility for 1–2 finance professionals, including hiring, delegating work assignments, establishing priorities, and directing day-to-day work.
• Performance Management & Mentorship: Conduct annual performance reviews, deliver regular positive and constructive feedback, and train, coach, and mentor team members.

10% | Strategic Communication & Relationship Management

• Faculty & Staff Engagement: Build, foster, and maintain positive professional relationships with division faculty and staff, serving as a trusted advisor to resolve complex financial transactions and address operational questions on the spot.
• Administrative Partnership: Partner closely with the Division Administrator on overall financial management, keeping leadership continuously informed of faculty financial status, key operations, and high-level priorities.

Qualifications

Required Qualifications:

• Bachelor’s degree in Finance, Accounting or related field plus at least six years relevant professional experience.
• Experience with project accounting, to include sponsored research accounting and non-sponsored accounting
• Experience and proficiency using spreadsheets, software systems, and reporting software.
• Experience using general ledger financial applications and interpreting financial results.
• Excellent communication skills, strong problem-solving abilities with attention to detail.
• Demonstrated ability to establish and maintain effective working relationships with internal and external organizations, groups, team leaders and members and individuals.
• Ability to work both independently and as part of a team.

Preferred Qualifications:

• Experience with University of Minnesota policies, procedures, and accounting systems.
• Demonstrated working knowledge of accounts receivable, accounts payable, general ledger, budgeting, forecasting, cost and project accounting
• Experience with University of Minnesota’s accounting and business procedures and software systems (EFS - Enterprise Financial System, NetSuite, Jaggaer, or iSeries platforms.).
• Experience with fund accounting or multi-entity accounting is preferred but not required.
• Demonstrated ability to interpret, present, and analyze information and ideas clearly and accurately in writing, verbally and by preparation of reports and other materials.
• Demonstrated ability to self-start and take initiative on assignments.
• Strong organizational skills with demonstrated ability to use good judgment in prioritizing multiple requests made while meeting deadline objectives.

Pay and Benefits

Pay Range: $95,000-$122,000; depending on education/qualifications/experience

Time Appointment: 100% Appointment

Position Type: P&A Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

While our salary ranges provide a framework, it is important to note that most of the time, the initial pay may not reach the maximum of the range. This approach ensures that compensation reflects the value and unique contributions of each candidate while maintaining equity within our organization. As part of our commitment to fair and equitable compensation, please be aware that the salary offered to incoming candidates will be based on their individual credentials and experience.

How To Apply

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will have the opportunity to complete an online application for the position and attach a cover letter and resume or CV.

This position will remain open until filled.

To request an accommodation during the application process, please e-mail jobcentr@umn.edu.

Diversity

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Employment Requirements

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

About University of Minnesota

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by Forbes as a Best Employer for Company Culture (2026), Best Employer for Women (2023, 2025, 2026), and Best Employer by State (2022-2026). In 2026, we also received Culture Excellence & Industry Awards recognition for employee appreciation and work-life flexibility.

About the U of M Medical School:

Committed to innovation and diversity, the Medical School educates physicians, scientists, and health professionals; generates knowledge and treatments; and cares for patients and communities with compassion and respect. We value excellence, inclusiveness, collaboration, and discovery.

The mission of the regional campus located in Duluth is to be a national leader in improving healthcare access and outcomes in rural Minnesota and American Indian/Alaska Native (AI/AN) communities. In partnership with CentraCare, the regional campus in St. Cloud offers a wide range of patient experiences throughout students’ education in Greater Minnesota and prepares them to become exceptional clinicians and leaders for rural and immigrant populations.

Founded in 1888, the University of Minnesota Medical School has three campuses. A four-year MD program and the MD/PhD program are located on the Twin Cities campus in addition to MD programs at regional campuses in Duluth and St. Cloud.