What are the responsibilities and job description for the Business Analyst 3 - Financial Products position at Lensa?
Lensa is the leading career site for job seekers at every stage of their career. Our client, University of Miami, is seeking professionals in Miami, FL. Apply via Lensa today!
Current Employees
If you are a current Staff, Faculty or Temporary employee at the University of Miami, please click here (https://www.myworkday.com/umiami/d/task/1422$7248.htmld) to log in to Workday to use the internal application process. To learn how to apply for a faculty or staff position using the Career worklet, please review this tip sheet (https://my.it.miami.edu/wda/erpsec/tipsheets/ER_eRecruiting_ApplyforaJob.pdf) .
The University of Miami Health (Uhealth) System IT Department has an exciting opportunity for a Full-time Business Analyst 3 - Financial Products
The Business Analyst 3 - Financial Products is responsible for supporting product execution for all financial projects, products, and processes within the Business Applications team in IT. This role involves analyzing business needs, designing solutions, and ensuring the successful implementation of financial systems and processes. The analyst will work closely with financial stakeholders to understand their requirements and translate them into technical specifications. This position requires a deep understanding of financial processes and systems, as well as strong analytical and problem-solving skills.
Core Responsibilities
Core Qualifications
The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here (https://www.hr.miami.edu/careers/eo-ada/index.html) for additional information.
Job Status
Full time
Employee Type
Staff
Pay Grade
A12
Current Employees
If you are a current Staff, Faculty or Temporary employee at the University of Miami, please click here (https://www.myworkday.com/umiami/d/task/1422$7248.htmld) to log in to Workday to use the internal application process. To learn how to apply for a faculty or staff position using the Career worklet, please review this tip sheet (https://my.it.miami.edu/wda/erpsec/tipsheets/ER_eRecruiting_ApplyforaJob.pdf) .
The University of Miami Health (Uhealth) System IT Department has an exciting opportunity for a Full-time Business Analyst 3 - Financial Products
The Business Analyst 3 - Financial Products is responsible for supporting product execution for all financial projects, products, and processes within the Business Applications team in IT. This role involves analyzing business needs, designing solutions, and ensuring the successful implementation of financial systems and processes. The analyst will work closely with financial stakeholders to understand their requirements and translate them into technical specifications. This position requires a deep understanding of financial processes and systems, as well as strong analytical and problem-solving skills.
Core Responsibilities
- Reviews, analyzes and triages application issues and cases. Creates and maintains detailed support documentation of ongoing projects, tests internal application releases, and performs periodic system maintenance.
- Provides training for internal users.
- Monitors system availability, working closely with system administrators and business systems analysts.
- Recommends changes in development, maintenance, and system standards. Develops detailed action plan with goals and target dates and obtains necessary approvals.
- Maintains ongoing communication and rapport with the management team regarding project activity.
- Flowcharts existing processes versus improved flow. Prepares time and cost estimates for projects and proposals. Conducts research for best practice models and benchmarking.
- Applies industrial and management engineering techniques, such as process designs, optimization models, forecasting methodologies, and chain management principles, to improve overall systems.
- Analyzes existing flow of people, activities, and materials, employee work methods and utilization, policies and procedures, staffing levels, supervisory structure, space utilization, supply and demand optimization methods, forms, equipment, and computerized systems to design improved work systems.
- Designs systems for production and inventory control in buying, storing, handling, and processing of materials and supplies. Designs facilities, management systems, and standard operating procedures.
- Develops management control systems to aid in financial planning and cost analysis.
- Improves productivity through the application of technology and human factors. Designs supply chain management standards across the university.
- Conducts data collection to measure baseline versus improvement, before and after recommendations are implemented.
- Creates formal presentations for projects and studies, including data collected, methodology used, results obtained, recommendations for improvement, and cost and savings involved.
- Participates in continuing quality improvement activities. Adheres to University and unit-level policies and procedures and safeguards University assets.
- Analyze and document business requirements for financial projects, products, and processes.
- Design and implement solutions to meet financial business needs, ensuring alignment with organizational goals.
- Collaborate with financial stakeholders to gather requirements and provide technical expertise.
- Lead projects associated with financial system implementations and enhancements, applying project management methodologies.
- Conduct proactive analysis of current financial systems and processes to identify opportunities for improvement.
- Provide support and guidance to financial teams in the use of financial systems and tools.
- Mentor junior analysts and provide oversight for project managers and business analysts on assigned projects.
- Stay abreast of industry trends and new technologies related to financial systems and processes.
- Facilitate knowledge transfer and training for financial teams on new systems and processes.
- Adhere to University and unit-level policies and procedures and safeguard University assets.
- Other duties as assigned.
Core Qualifications
- Bachelor’s degree in relevant field
- Bachelor's degree from an accredited college or university in Computer Science, Information Technology, Finance, or a related field preferred
- Relevant certifications in Finance/ERP systems (i.e. Workday) or project management are preferred.
- Minimum 5 years of relevant experience
- 3 years of experience in business systems analysis with a focus on financial systems and processes preferred
- Experience in project management and leading cross-functional teams is required
- Strong understanding of financial processes and systems.
- Ability to analyze and document business requirements.
- Proficiency in project management methodologies.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Proficiency with Microsoft Office Suite programs, including Excel, Visio, Project, PowerPoint, and Word.
- Knowledge of industry-specific technology and solutions.
- Ability to proactively identify needs and design solutions to meet organizational goals.
The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here (https://www.hr.miami.edu/careers/eo-ada/index.html) for additional information.
Job Status
Full time
Employee Type
Staff
Pay Grade
A12
