Finance Professional 3 - University Services Finance
University of Minnesota, Twin Cities
Location: Minneapolis, Minnesota
Salary: 57428.80 - 102980.80
Internal Number: 344178
Position Description: The position is within University Services Finance, and is responsible for various daily financial operations supporting the Housing & Residential Life (HRL) and Contract Administration (CA) departments of Auxiliary Services. This includes reporting and analyzing monthly financial results; analyzing account balances and expense projections; recommending solutions for areas of concern while ensuring compliance with policy and reporting requirements; identifying cost savings and process improvement opportunities; determining and implementing best practices; maintaining the chart of accounts; and conducting special assignments and projects.
University Services Finance endorses a “work with flexibility” approach. Work location options for this position include working partially remote or entirely in the office and are based on the work of the position.
Duties and Responsibilities: Accounting and Reporting – 80% Perform a variety of high level accounting functions. Monitor and analyze accounts, balances and fund usage for compliance with financial reporting. Prepare detailed financial analysis utilizing historical data and recommend course of action to supervisor. Develop reports for managers with recommendations regarding account and/or fund balances, budgeting practices and accounting functions. Analyze and monitor non-sponsored revenue, expense and balance sheet accounts. Review, interpret and apply university and departmental policies and procedures; and identify areas of concern.
• Prepare monthly operating statements, analyze significant budget variances and/or identify trends, document variances in statement notes. • Reconcile general ledger accounts, transfer funds, set up new accounts, monitor fund balances, approve expense transactions, review and post data entry and develop various reports for managers. • Review and approve financial transactions in EFS. • Maintain internal depreciation system. • Assist with various internal process review of business operations to ensure compliance. • Reconcile subsidiary general ledger system with Enterprise Financial System (EFS). Research all reconciling documents, prepare necessary journal entries, and provide analysis notes on reports. • Recommend, document and implement improvements to departmental procedures.
Annual Budgets and Year End Close – 10% Prepare detailed and complex financial analysis for non-sponsored accounts utilizing historical data; identify gaps between projected expenses, identify financial issues and recommend solutions based on financial, statistical and operational information. • Develop expense projections based on previous activity and business knowledge of operation. Compile budget data into report for review by management staff. • Enter budget data into general ledger and subsidiary ledger. • Analyze year-end expenses and assist with preparing closing entries. • Prepare budget and year-end reports for Auxiliary Services, University Services and Controller’s Organization.
Other essential functions – 10% • Attend department meetings and participate on assigned project teams. • Attend professional development courses and workshops. • Demonstrate ethical behavior in conducting all responsibilities in this position. • Provide back-up support to the Finance Professional 4, department manager and other Auxiliary Service departments.
Minimum Qualifications: (Knowledge, skills and abilities) • BA/BS plus four years of Accounting experience or a combination of related education and relevant accounting experience to equal eight years. • Knowledge and experience with integrated general ledger database system and computerized operating statements. • Computer proficient – includes database usage, develop and maintain Microsoft Excel spreadsheets, database query, writing and report writing skills. • Analytical skills including financial projection, assisting with budgeting, and statement preparation.
Preferred Qualifications: (Knowledge, skills and abilities) • BA/BS in Accounting, Finance, or related field. • Strong computer-based experience with integrated accounting database systems. • Advanced Microsoft Excel skills. • Demonstrate excellent attention to detail in both written and verbal communication. • Experience with University of Minnesota’s accounting and business procedures and software systems (Enterprise Financial System and subsidiary ledger-JD Edwards).
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.