at University of Illinois in Urbana, Illinois, United States
Job Description
Financial Accounting and Reporting Analyst-UAFR- (Hybrid)University Accounting & Financial Reporting
Job Summary
This position reports to and functions under the general administrative supervision of an Assistant Director within University Accounting Services (UAS), which is a division of University Accounting and Financial Reporting (UAFR) within the Office of the Vice President, Chief Financial Officer, and Comptroller. The Financial Accounting and Reporting Analyst assists the Assistant Director in the proper application of fund accounting guidelines within a public university setting in the State of Illinois. This includes (but is not limited to) responsibilities such as: providing oversight of university accounting processes; completing fund reconciliations; assisting with accounting functions related to various fund types (such as state, indirect cost recovery, administrative allowance, and self-supporting funds); completing support schedules and providing guidance to university units for the annual unrelated business income tax (UBIT) return; providing oversight to ensure compliance with various university, state, and federal policies and guidelines; completion of various monthly, quarterly, and annual reports and audit schedules; providing quality customer service/support to university units at all locations; participating in various special accounting projects; and performing various other accounting tasks as assigned. Ability to work under pressure is required at times to help ensure operational needs are met. This position may be eligible for a hybrid or remote work arrangement, depending on unit operational needs
Duties & Responsibilities
- Help units in identifying financial accounting errors which need corrected (such as misclassified transactions on either the operating ledger or general ledger) and help teach Banner users how to correct these errors and how to avoid them in the future. This helps ensure more accurate financial statement reporting for the university.
- Document procedural information outlining the accounting theory and procedural steps necessary to complete various operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge.
- Analyze various Banner transactions (such as invoice vouchers) to determine whether an accrual or deferral adjustment should be recorded to help ensure proper inclusion in the University's annual financial report.
- Assist with providing oversight and guidance to units on how to properly account for state funds, indirect cost recovery funds, and administrative allowance funds to ensure compliance with university policies and procedures as well as State of Illinois guidelines and fund accounting principles.
- Assist with completing various reconciliations related to state, indirect cost recovery, and administrative allowance funds to ensure proper financial reporting and compliance.
- Complete the monthly reconciliation of the Allocations and Assessments System to ensure the application is functioning properly and to ensure all of the related accounting entries are properly posting to Banner, which is the university's system of record.
- Contribute towards the review and completion of supporting schedules for the university's annual Unrelated Business Income Tax (UBIT) return to ensure compliance with the applicable guidelines outlined by the Internal Revenue Service (IRS) and University policy.
- Contribute to the year-end Fact Sheet process, which is an important part of the University's year-end close process to convert cash-basis accounting activities to an accrual basis. This important task helps to ensure the accuracy of the University's annual financial report.
- Compile data and supporting documentation to fulfill audit requests from external auditors, both in preparation for and during the annual external financial statement audit.
- Contribute towards special projects as assigned by University Accounting Services management, such as working with other staff members to contribute towards solving problems and making improvements in university-wide processes.
- Serve on UAFR committees/teams as assigned as a representative of University Accounting and Financial Reporting (such as the Professional Development and Implementation Team).
- Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS.
Per Sucss Class Specification Bachelor's degree with a major in Accountancy or a related field AND two (2) years of professional-level accounting experience. OR Possession of current registration as a Certified Public Accountant (CPA), Certified Management Accountant, or a valid license to practice Public Accounting (LPA). OR Master's degree in Accountancy or a related field. Additional education, training, and/or work experience in an area of specialization inherent to the position may be required:
Preferred Qualifications
Preferred Certifications
1. Certified Public Accountant (CPA), and/or
2. Certified Internal Auditor (CIA), and/or
3. Certified Management Accountant (CMA)
Knowledge, Skills and Abilities
- Proficient computer skills and advanced knowledge of applicable computer systems. This would include advanced skills in Microsoft Office products such as Excel, Outlook, and Word.
- Ability to produce accurate, detail-oriented work related to financial matters within a higher education setting.
- Ability to enforce various applicable policies and regulations while still providing superior customer service.
- Ability to use creativity in problem-solving and ability to exercise independent professional judgment and discretion.
- Ability to propose ideas that improve and/or maintain the effectiveness of daily financial operations.
- Strong verbal and written communications skills to effectively present information and respond to requests for guidance and/or clarification.
- Ability to address and resolve challenging accounting issues and strong interpersonal skills to establish and maintain effective working relationships.
- Ability to meet deadlines.
- Understanding of fund accounting principles and a working knowledge of how to apply them in a public university setting within the State of Illinois to ensure compliance with various policies, guidelines, and regulations.
- Basic working knowledge of how to navigate within the Banner Finance module.
- Familiarity with Microsoft Access, including the ability to edit and run queries.
This is a 100% full-time Civil Service 5000 - Accounting Associate position, appointed on a 12-month basis. The expected start date is as soon as possible. The minimum salary for this position is $60,000 and the salary is commensurate with experience and qualifications.
System Office jobs such as this one are not eligible for the Referral Program.
Sponsorship for Work authorization is not available for this position.
For more information on Civil Service classifications, please visit the SUCSS web site at https://www.sucss.illinois.gov/pages/classspec/default.aspx .
Application Procedures & Deadline Information
Applications must be received by 6:00 pm (Central Time) on August 15, 2024. Apply for this position using the Apply Now button at the top or bottom of this posting. In order to be considered as a transfer candidate, you must apply for this position. Applications not submitted through https://jobs.illinois.edu will not be considered. If required by the position, transcripts or other documentation of credentials are to be provided no later than the first day of employment. For further information about this specific position, please contact Amanda Bubonic at abubo2@uillinois.edu. For questions regarding the application process, please contact 217-333-2137.
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify .
Applicants with disabilities are encouraged to apply and may request a reasonable accommodation under the Americans with Disabilities Act (2008) to complete the application and/or interview process. Requests may be submitted through the reasonable accommodations portal , or by contacting the Accessibility & Accommodations Division of the Office for Access and Equity at 217-333-0885, or by emailing accessibility@illinois.edu .
Requisition ID: 1026154
Job Category: Administrative
Apply at: https://jobs.illinois.edu
