UMD Store Business Analyst

Job Description: (CO Pro 2 - Business Analyst-Non-IT 8422BA)

This role is responsible for the reporting and analysis functions for the UMD Stores. Key responsibilities include the preparation of monthly and annual financial statements, GL reconciliation, overseeing key payment activities, and analyzing business activity across multiple sales locations. Various analysis in support of the business is a key aspect of the role. This role also supervises the A/P, A/R, and Cash-room functions.

This is a hybrid position, 2 to 3 days on campus or 2 to 3 days remote.

Key Responsibilities

Financial Reporting & Analysis - 35%:

• Prepare financial statements for UMD Stores
• General ledger reconciliation activity between EFS and the MBS general ledger.
• Reconcile balance sheet and expense accounts monthly.
• Coordinate Course Works charges and refunds to student accounts.
• Analyze current sales and expense results vs. budget and historical benchmarks to identify potential issues.

Business Analysis & Reporting - 35%

• Analyze merchandise performance, identifying opportunities and risk to the business.
• Analyze merchandise assortment across price, fashion level, and aging to identify necessary actions.
• Analyze store productivity metrics to identify opportunities and potential payroll savings.
• Assist with open to buy (OTB) reporting and analysis to optimize sales and inventory relationships.
• Identify and execute other analysis opportunities in support of the business.

Systems - 15%:

• Merchant Manager for UMD Stores for the Payment Card Industry Data Security Standard (PCI DSS).
• Identify and resolve system problems associated with POS transactions, tender type issues (UCard and credit card issues) and inventory.
• Coordinate support for store technology upgrades, patches, and issue resolution.

Other Support Duties - 15%:

• Coordinate the week-end, month-end and year-end closing processes for ERP.
• Supervises associates in the Accounts Payable, Accounts Receivable, and Cash room functions
• Coordinate monthly internal department sales file upload to EFS.
• Gift card administrator, monitor gift card liability and resolve problems that occur with software provider (SVS).
• Process inventory adjustments, merchandise write-offs and price change activity.
• Other duties as assigned.
  

Knowledge, Skills & Abilities

• Ability to lead by example, make sound decisions, act on ideas, and demonstrate professionalism.
• Excellent Financial, analytical and system aptitude
• Excellent interpersonal and communication skills
• Diligence and the ability to persevere in the face of resistance or setbacks.
• Growth mindset

Other:

• Work Environment - Primarily on campus work schedule, but some work may be performed remotely.
• Computer Systems/Programs Used: MBS ARC POS, PeopleSoft, MS-Office Suite
• Classification #:8422 BA, CO Pro 2 - Bus Anlys-Non-IT
• Salary Range: CS/14g
• Status: Non-Exempt
• Probationary Period: 6 months
• Work varied hours/days as business dictates

Required Qualifications:

• BA/BS degree plus two (2) years of experience or a combination of related education and work experience to equal at least six (6) years.
• Fluent with MS-Office, PeopleSoft, and/or other financial systems
• Experience and proficiency with the various steps of accounts receivable (billing, cash receipts and reporting).

Pay Range: $57,886.40 to $70,000 per year; depending on education/qualifications/experience

Time Appointment: 100% Appointment

Position Type: Civil-Service & Non-Faculty Labor Represented Staff

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

The University offers a comprehensive benefits package that includes:

• 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

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.

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

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

Required Attachments:

• Cover Letter

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

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

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.

University of Minnesota, Duluth (UMD)

The University of Minnesota, Duluth (UMD) consistently ranks among the top Midwestern, regional universities in U.S. News and World Report's "America's Best Colleges" issue.

Overlooking Lake Superior, UMD provides an alternative to both large research and small liberal arts environments and attracts students looking for a personalized learning experience on a medium-sized campus of a major university. A firm liberal arts foundation anchors a variety of traditional degree programs, as well as professional and graduate students that draw on UMD's many research institutes and labs.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).