Financial Research Award Management and Analysis (65%)
Responsible for a portfolio of faculty members’ sponsored federal research and university non-sponsored research support accounts and related activity. This includes accounting budget and report preparation, general accounting, reconciliations, compliance and auditing, and approving or denying expenditures based on existing administrative requirements and policies.
Regularly meet with faculty to review status of accounts and develop individualized financial projections and reports, including providing regular financial management and oversight to faculty accounts to monitor issues, identify problems, and improve financial project management
Work with SFR (Sponsored Financial Reporting) to analyze detailed reports provided to federal and industry sponsors for accuracy.
Work with SPA (Sponsored Projects Administration) to ensure federal research award requirements are met and ensure research grants are closed out properly.
Serve as personnel effort coordinator for assigned faculty portfolio.
Budget Management and Financial Planning (20%)
Responsible for overall departmental operations budget preparation and financial management.
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.
Provide regular faculty financial reports and provide expert advice to faculty for planning purposes.
In collaboration with other staff, identify and implement process improvements related to sponsored and non-sponsored accounting and faculty reporting.
Manage the department’s indirect cost recovery process and allocations.
Department Financial Operations & Oversight (10%)
Serve as senior level accountant and provide input and oversight of purchasing and accounting activity and staff: accounting processes and procedures, overall financial compliance, evaluation of workload issues and tasks, training and orientation of accounting and purchasing personnel, analyze and improve workflows; serve as a resource to colleagues and faculty on financial matters, identify areas for improvement.
Serve as a certified approver (must be certified within one year if not already) for federally funded research activity the department.
Serve as a backup department approver for all qualified transactions.
Represent department and college on work groups and committees; attend appropriate trainings and meetings to stay current on University, state, and federal regulations and systems.
Other Duties as Assigned (5%)
BA/BS degree in accounting or related field and 4 years of professional accounting work experience OR a combination of related education and professional accounting work perience to equal 8 years.
Experience with financial planning or budget management.
Demonstrated proficiency with Microsoft Excel.
Demonstrated ability to proactively identify and resolve complex problems.
Demonstrated ability to organize and direct multiple projects and interrelated financial activities with major operational or funding impact.
Demonstrated ability to anticipate business needs of the department, develop and analyze alternatives, and make recommendations to faculty and unit leaders regarding budgets and sponsored projects.
Ability to constructively communicate complex financial data and issues to a non-financial audience
Demonstrated ability to meet deadlines in a fast-paced environment.
Must have the skills and ability to work toward becoming a certified approver within one year of employment if not already appointed as such
Familiarity with University and sponsored accounting (Federal and non-Federal) regulations and University financial systems is ideal but not required
Internal Number: 327078
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.