Job description
Be The Difference Begins with Great People.
Are you looking for a new opportunity where you can make the difference in the lives of students and faculty? We’re always looking for highly talented individuals to join our team – people who think big, care deeply, and believe in being the difference in their work and community.
We prioritize student success, access to education, and service in our work to educate well-rounded servant leaders who transform their fields, our society and the world. Our Catholic, Jesuit approach emphasizes student engagement with the world around them and formation of the heart and mind.
We believe in our mission: The search for truth, the discovery and sharing of knowledge, the fostering of personal and professional excellence, the promotion of a life of faith, and the development of leadership expressed in service to others. These core values guide our relationships with our students, each other, and our community.
Marquette University offers a rich and competitive Total Rewards package including medical, dental, vision, 403(b) with up to 8% company match, 5 weeks of time off to start, and tuition benefits for employees, spouses, and dependents with no payback requirement! View details of our total rewards package.
This is your next opportunity to join an organization that invests in their employees’ career journey by diversifying their skills, deepening their expert knowledge, encouraging a healthy work-life balance, focusing on personal wellbeing, providing leadership training, and sustaining a culture of respect and inclusion.
As our Senior Economic Data Analyst you will have the opportunity to meet with leadership across the University to improve financial literacy across campus; generate and explain budget versus actual values for existing, new, and Incubator programs; provide support to Deans to better understand their business model; support fact-based decision making; and improve financial reporting capabilities.
Conduct research and analysis of economic data/trends and produce forecasts, interpretive reporting, and media used for risk assessment, communication, and decision making. Collect economic data from established datasets and other sources. Utilize statistical analysis, mathematical methodologies, and modeling techniques to develop data. Design and organize data into unique report models and graphical illustrations to present economic information used for decision making and solution development.
Provide support in developing an economic framework for analyzing and solving problems that arise from scarcity within Marquette University’s business model to best serve our student customer base. Apply quantitative reasoning to bring key issues into focus by mapping out available financial resources and matching those resources to strategic and master plan capital requirements.
Duties and Responsibilities
1. Undergraduate & Graduate Level Programs:
a. Assist in data collection, research, and report preparation; assist the review, analysis and preparation of revenue drivers within university budget.
b. Understand and communicate the economic variables related to the industry of higher education.
c. Research and analyze competitors in the evaluation of the university’s financials standing.
d. Perform economic forecasts and provide solutions to financial weaknesses and potentials.
2. Financial Planning and Analysis:
a. Maintain benchmarking data files.
b. Compile and organize financial data for various university units including financial trends at the university and department levels.
c. Generate and organize College Financial files and presentations.
3. Provide leadership and mentorship to junior analysts within the Office of Finance through training of analytical modeling, familiarization of financial processes of the institution, and support the introduction to business leaders at the University (including College Deans, Department VPs, and faculty).
4. Work well individually and partner with others as part of a team environment.
5. Provide administrative support as required in the development and maintenance of software applications.
6. Learn, and implement new software allowing for efficiencies within current tasks.
7. Regular Projects
a. Identify the various target clients within the university business model and link the financial constraints of the customer to the financial expectations of the university in its forecast and operating budget.
b. Contribute to the assessment of tuition rates and discount of undergraduate and graduate level programs through the application of economic knowledge, analysis of competing/benchmark institutions, and understanding of the university’s target clients. Use data visualization skills to create reports for board meetings to help leadership determine appropriate tuition and fees along with room and board increases.
c. Improve forecast accuracy and financial statement analysis through the review of current state forecasting process and identify bottlenecks, pain points, and opportunities for improvement. This includes applying econometric modeling to historic student and financial data. Specifically, responsible for the monitoring and forecast of over $600 million of operating budget as is relates to gross tuition, discount and room and board across all student categories.
d. Provide support to the budget process and long-term planning by using economic analysis of the changes in higher education to support decision making.
e. Generate appropriate budgets for existing, new, and Incubator programs by gathering institutional knowledge, analyzing current market conditions, and actively meeting with university faculty and staff.
i. Maintain and track budgets of existing, new and Incubator programs; Meet quarterly with corresponding faculty to update actual student enrollment and forecasted expenses; Perform budget versus actual analysis yearly.
ii. Work with restricted data such as salary and budgets as part of new program development, review and financial reporting.
f. Administer Board of Trustees materials related to the following tasks. Create Board books on BoardEffect; Organize and gather board materials from stakeholders; administer “Minutes”, “Agenda”, & “Four Square” reports for quarterly meetings.
g. Provide support in tracking of the Strategic Initiatives by applying a proactive analysis and documented recommendations to support enrollment strategy. Collaborate and partner with campus units to drive the 12 strategic initiatives, with special attention to the 5 focus areas. This support includes:
i. Robust modeling to operationalize each initiative.
ii. Active involvement in university initiatives and capital projects.
iii. Improve financial statement literacy on campus (evolution of college financials, department financial reporting, road shows, etc).
h. Provide support to Economic Planning:
i. Proactively identify issues that could prevent the university from achieving the annual budget, 3% operating income, or strategic initiatives. Recommend contingencies.
ii. Assertive analysis to drive business decisions with data-analytics and business acumen.
iii. Challenge the status quo.
i. Assist in the data collection, research, and report preparation of financial proformas, annual budget reporting, and the financial agreement models related to Summer and College Financial Fiscal year reporting.
j. Assist in the management of the university’s Office of Finance and university policies and procedures websites.
8. Office Duties
a. Retrieve data from the Marquette Financial and Budget Systems, as well as Oracle and PeopleSoft Systems. Code student financial data down to a more detailed level to allow for more in-depth analytics (i.e., down to a department/program level). Maintain “Master Lookup” file with codes for corresponding RC, Parent, Restriction, Natural and Item Type classifications.
b. Provide other informational support as defined by VP for Finance or the Director of Financial Planning and Analysis.
Required Knowledge, Skills and Abilities
Master’s degree is required, preferrable in Economics, Finance or Business.
At least 2 years of related experience.
Experience with using complex mathematical modeling, forecasting, and advanced statistical techniques.
Experience with using complex mathematical modeling, forecasting, and advanced statistical techniques.
Experience with Microsoft Office (Excel, Word, Access and PowerPoint).
Tableau Software expertise.
Knowledge of Adobe Contribute Software for website maintenance.
SharePoint site management.
Excellent communication and organizational skills.
Public speaking and presentation skills.
Strong analytical and conceptual skills overall and the ability to creatively solve new problems.
Maintain confidentiality.
Extreme attention to detail and the ability to work with large databases.
Work is generally performed in an office environment, however, be able to adapt to different types of environments (different locations for on-campus meetings and remote work).
Be able to lead meetings on Microsoft Teams.
Preferred Knowledge, Skills and Abilities
Work is generally performed in an office environment, however, be able to adapt to different types of environments (different locations for on-campus meetings and remote work).
Be able to lead meetings on Microsoft Teams.
Experience with other statistical/coding software such as Tableau, SPSS, R, Stata, Java, SQL, SAS, etc.
Department Budget Office Posting Date 03/22/2023 Closing Date Special Instructions to Applicants EOE Statement
It is the policy of Marquette University to provide equal employment opportunities (EEO) to all employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or any other applicable federal or state-protected classification.
Required Documents
Required Documents
Optional Documents
- Resume
- Cover Letter/Letter of Application
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