Finance Professional 3 - MNPI Administrative Center
University of Minnesota, Twin Cities
June 30, 2018
52145.60 - 88670.40
Provide financial management and oversight on post-award accounting of sponsored/grant projects as well as to manage the division's non-sponsored programs including ISOs, U of M awards, UMF, etc. Provide oversight and management of other accounting duties such as transaction approvals, ISO cost accounting, effort certification, payroll distributions/adjustments, departmental deposits, external billing, and UMF fund management. Assist in the development of accounting practices and procedures to increase capacity, efficiency, and competency to manage sponsored project and non-sponsored funding. Serve as liaison to Principal Investigators and provide accounting support to them on sponsored projects from pre-award through post-award and closeout.
Research/Contract Accounting Support and Analysis: (40%)
Provide financial management and oversight to PI over the life of the grant or contract.
Financial expert on all aspects of complex grant accounting.
Partner with PI to develop preaward budgets for grant submission.
Monitor spending and labor effort distribution. Process financial corrections as needed.
Generate and distribute grants status reports at a minimum every other month or as needed.
Forecast and analyze financial data to ensure there are no shortfalls or overages during project period.
Work with SFR (Sponsored Financial Reporting) to prepare and analyze detailed reports provided to sponsors for accuracy.
Work with SPA (Sponsored Projects Administration) to ensure sponsored requirements are met and ensure grants are closed out properly.
Department and Certified Approval: (15%)
Provide approvals for financial transactions to include travel reimbursements, requisitions, journals, deposits, vouchers, and procurement card (PCARD) activity.
Audit and approve expenditures on sponsored research projects.
Interpret grants/contract regulations and how they relate to University policies/procedures, identify areas of concern, and recommend solutions.
Provide expertise on expenditure requirements and policy.
Effort Certification: (5%)
Coordinate effort certification process and ensure deadlines are met.
Monitor dollar values committed, salary cap compliance and reportable cost-share.
Verify that paid and unpaid effort have been properly accounted for in the payroll system and ECRT.
Make salary adjustments to ensure reported effort is correct.
Non-sponsored Accounting Support and Analysis: (25%)
Reconcile chart strings and analyze monthly financial results for compliance with financial, reporting, and legal requirements.
Forecast account balances for the fiscal year, identify potential deficits, and work with supervisor/faculty to resolve.
Ensure year-end closeout process is done timely and that all chart-string deficits have been removed.
Request fund transfers from UMF as necessary.
Investigate and work with center staff to resolve billing errors.
Maintain the integrity of the Center's accounting structure and its chart of accounts, establish new accounts, and delete obsolete accounts and monitor for compliance.
Coordinate with the Graduate Program in Neuroscience program to budget activities, monitor account balances, and provide dynamic multi-year forecasting data.
Budget Preparation: (5%)
Prepare annual fiscal year budgets in EFS (Enterprise Financial System) including position budgeting and budget detail for non-sponsored chart strings following Dean's office guidelines, and meeting deadlines for entering into University budget system.
Other Duties: (10%)
ISO cost accounting.
Prepare and process payroll distribution adjustments/transfers.
Process departmental deposits efficiently and accurately.
Resource/cost transfers to fund chart strings and process general ledger corrections.
Prepare external billing invoices for department ISO, UMF fund transfers, VA Medical Center personnel billings, and other billable activities.
Act as a resource for policy and technical matters involving EFS (Enterprise Financial System) and ART (Account Reporting Tool).
Other duties as needed to manage the accounting function in the dept.
The University of Minnesota offers a comprehensive benefits package including:
Competitive wages, paid holidays, vacation and sick leave
Low cost medical, dental, and pharmacy plans
Health care and dependent daycare flexible spending accounts
Excellent retirement plans with employer match
Disability and employer paid life insurance
Wellbeing program with reduced insurance premiums
Tuition reimbursement opportunities covering 75%-100% of eligible tuition
Student loan forgiveness opportunity
Opportunities for growth and promotion
Employee Assistance Program
For more information regarding benefits: https://humanresources.umn.edu/sites/humanresources.umn.edu/files/2018_tcd-cslr-75100-ben-0105-7.pdf
Required (All required qualifications must be documented on application materials):
Bachelors Degree in accounting and four years of professional accounting experience or an equivalent combination of education and experience to equal 8 years.
Experience with University of Minnesota Enterprise Financial System (EFS) and PeopleSoft.
Experience with University of Minnesota HRMS and payroll systems.
Experience with sponsored projects and non-sponsored program accounting procedures.
Experience with Microsoft Office including Excel spreadsheets using database skills.
Prior experience with financial analysis, forecasting, reporting, and monitoring grant funding.
Familiarity with payroll processes.
Experience using Filemaker database.
Demonstrated knowledge and experience with University financial policies and procedures.
Prior experience with post award grants management, including effort certification.
Prior experience planning and implementing budgets.
Certified approver designation.
Excellent communication skills with ability to establish and maintain effective working relationships within and outside of the area and with all levels of management.
Good organizational and prioritization skills.
Proven ability to follow through on issues for timely resolution.
Internal Number: 324749
About University of Minnesota, Twin Cities
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.