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University of Illinois System
Champaign, IL, United States
29 days ago
University of Illinois System
Champaign, Illinois, United States
29 days ago

Description

Financial Accounting and Reporting Analyst

Accounting & Financial Reporting

University of Illinois System - Urbana

The University System Office seeks a Financial Accounting and Reporting Analyst. 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 assistance and oversight for university accounting processes, fund reconciliations, and bank reconciliations; providing support of accounting functions related to various fund types such as custodial and self-supporting funds; completing support schedules and providing guidance to University units as required for the University's annual unrelated business income tax (UBIT) return; providing oversight to ensure University 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 University locations; participating in various special accounting projects; providing support related to the operation of Banner Finance and related systems; and perform various other complex University Accounting tasks as assigned.

Additional responsibilities include:

  1. Prepare and complete several of UAFR's system-wide bank reconciliations. This includes investigating any bank reconciling errors, reviewing appropriateness of transactions by both the banks and the University, communicating effectively with the appropriate parties, and ensuring the proper correcting entries are made in Banner where appropriate. This is an important task critical to the operations of the University.  
  2. Assist with 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.
  3. Assist with 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.
  4. Assist 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.
  5. Assist with analyzing 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.
  6. Perform a monthly analysis to identify internal sales transactions posting to various fund types to ensure that these internal sales are properly identified and designated for elimination from the University's financial statements. This important task helps to ensure the accuracy of the University's annual financial report.
  7. Assist with providing guidance, oversight, and accounting expertise on all issues related to service plan funds (such as the Medical Service Plan funds). This includes (but is not limited to) reviewing and processing requests for new Service Plan funds, serving as a point of contact for questions related to service plan funds, and helping document institutional knowledge and procedural instructions related to service plan funds.
  8. Assist with providing guidance, oversight, and accounting expertise on issues related to student enrollment deposit funds. This includes reviewing student enrollment deposit funds for compliance with accounting guidelines, reviewing, and processing requests for the creation and/or termination of student enrollment deposit funds, and serving as a subject matter expert on student enrollment deposit funds to the university community.
  9. Document procedural information outlining the accounting theory and procedural steps necessary to complete various system-wide bank reconciliations and other essential operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge.
  10. Assist in compiling data and supporting documentation to fulfill audit requests from external auditors, both in preparation for and during the annual external financial statement audit.
  11. Assist with contributing towards special projects as assigned by University Accounting Services management.  
  12. Serve on various committees and teams with other staff members from the University business community to contribute towards solving problems and making improvements in University-wide processes.
  13. Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS.


Requirements

Education and Experience

Required:

  1. Bachelor's degree with a major in Accountancy or a related field and two (2) years of professional accounting experience.

-OR-

  1. Possession of a current registration as a Certified Public Accountant, Certified Management Accountant, or a valid license to practice public accounting.

-OR-

  1. Master's degree in Accountancy or a related field.

Certifications

Preferred:

  1. Certified Public Accountant (CPA),

and/or

  1. Certified Internal Auditor (CIA),

and/or

  1. Certified Management Accountant (CMA).

Knowledge, Skills and Abilities

  1. Analytical skills to perform complex financial analysis of business transactions within a higher education setting and the ability to enforce various applicable policies and regulations while still providing superior customer service.
  2. Attention to detail which can be utilized when analyzing financial information.
  3. Ability to propose policies/procedures that improve and/or maintain the effectiveness of daily financial operations.
  4. Strong verbal and written communications skills to effectively present information and respond to requests for guidance and/or clarification.
  5. Ability to address and resolve challenging accounting issues and strong interpersonal skills to establish and maintain effective working relationships.
  6. Ability to multi-task and produce accurate, detail-oriented work to meet stringent deadlines? creativity in problem-solving and exercising independent judgment and discretion.
  7. 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 the various State of Illinois policies, guidelines, and regulations.
  8. Proficient computer skills and advanced knowledge of applicable computer systems. This would include advanced skills in Microsoft Office products such as Excel, Outlook, Access (including the ability to write and use queries), and Word as well as a detailed working knowledge of how to operate within the Banner finance module.

Environmental Demands:

Works under pressure to perform a variety of responsibilities and ensure daily operational needs are met.

SALARY AND APPOINTMENT INFORMATION
This is a full-time Civil Service Accounting Associate position appointed on a 12 month service basis. The expected start date is as soon as possible after January 7, 2021. Salary is commensurate with experience.

TO APPLY:

Applications must be received by January 7, 2022. Apply for this position by going to http://jobs.illinois.edu.  If you have not applied before, you must create your candidate profile at http://jobs.illinois.edu.  If you already have a profile, you will be redirected to that existing profile via email notification.  To complete the application process:

Step 1) Submit the Staff Vacancy Application.

Step 2) Submit the Voluntary Self-Identification of Disability forms.

Step 3) Upload your cover letter, resume (months and years of employment must be included), academic credentials (unofficial transcripts or diploma may be acceptable) and names/contact information for three references. 

In order to be considered as a transfer candidate, you must apply for this position by going to http://jobs.illinois.edu. Applications not submitted through this website will not be considered. For further information about this specific position, contact Elizabeth Cropper at ecropper@uillinois.edu  For questions about the application process, please contact 217-333-2137.

University of Illinois faculty, staff and students are required to be fully vaccinated against COVID-19. If you are not able to receive the vaccine for medical or religious reasons, you may seek approval for an exemption in accordance with applicable University processes.

The University of Illinois conducts criminal background checks on all job candidates upon acceptance of a contingent offer. Convictions are not a bar to employment. Other pre-employment assessments may be required, depending on the classification of Civil Service employment.

As a qualifying federal contractor, the University of Illinois System uses E-Verify to verify employment eligibility.

The University of Illinois System requires candidates selected for hire to disclose any documented finding of sexual misconduct or sexual harassment and to authorize inquiries to current and former employers regarding findings of sexual misconduct or sexual harassment. For more information, visit Policy on Consideration of Sexual Misconduct in Prior Employment

The University of Illinois must also comply with applicable federal export control laws and regulations and, as such, reserves the right to employ restricted party screening procedures for applicants.

Job Information

  • Job ID: 60442036
  • Location:
    Champaign, Illinois, United States
  • Position Title: Financial Accounting and Reporting Analyst
  • Company Name: University of Illinois System
  • Job Function: Financial Anaylst
  • Job Type: Full-Time
  • Job Duration: Indefinite
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