General DescriptionDepartment: Oncology Monday-Friday 8:30a.m.-5:00p.m. 40 hrs.
Under the supervision of the Assistant Administrator/ Finance, coordinates and oversees budgeting activities related to JHU accounts including cost centers, departmental and sponsored budgets, revenues and gift accounts. Assists in financial studies and analysis regarding projected changes in revenues and expenditures. Oversees revenue and expense budgets, including grants and contracts in post award period. Ensures compliance with University and/or agency regulations and restrictions.
May train others in budget related policies and procedures.
Duties and Responsibilities:
Analyzes complex financial data and extracts and defines relevant information; interprets data for the purpose of determining past financial performance and/or to project a financial probability.
Coordinates and develops budgets for research grants and contracts, including revenues and gift accounts. Analyzes budget patterns, projects expenditures, and prepares approved budget. Once a budget is approved then enters it into the COEUS system for routing purposes.
Compiles working papers and approved budgets when an award has been funded. Monitors payroll for the specific faculty and their staff ensuring proper utilization of funds awarded. Performs cost transfers when needed and monitors health insurance on a monthly basis for the area. Financial reports are prepared for budgets, grants, and contracts on a routine basis.
Assists in the development of financial reports for government donors working with SPSS.
Monitors, identifies, and communicates over-expenditures to faculty and Manager. May resolve funding shortfalls. Develops payment schedules to monitor receipt of payments from sponsor.
Keeps abreast of laws and regulations that apply to a particular staff function or field of professional expertise to maintain up-to-date compliance.
Works towards revenue maximization by understanding and overseeing the revenue cycle
Sets up budget accounts once award(s) has been granted or contract(s) signed. Administers the funds ensuring that funds are expended according both to the sponsor and university guidelines.
Confers with appropriate internal Principal Investigator to ensure that required procedures are followed, and provides instruction and answers questions relating to budget procedures. Identifies budget issues, provides alternative solutions, and resolves problems.