Financial Accounting and Budget Specialist - Office of Fiscal Affairs - School of Medicine

Wayne State University•Detroit, MI

25d•$63,763 - $76,519•Onsite

About The Position

Wayne State University is seeking a Financial Accounting and Budget Specialist for the Office of Fiscal Affairs in the School of Medicine, based at its Detroit campus. The position provides financial support to several School of Medicine departments, including financial reporting and resolution of issues involving budgets, accounting, vendor quotations and payments, financial projections, and journal voucher entries. It prepares financial statements and reports, oversees general ledger allocations, develops accounting procedures for complex accounts, and supports budget planning, execution, reconciliation, and monitoring. The specialist prepares adjusting entries and year-end closing materials, projects revenues and expenditures, performs financial calculations, and produces statistical, administrative, routine, and ad hoc reports and analyses. The role uses university administrative systems and reporting tools to develop financial reports and specialized analyses, researches and resolves financial discrepancies and client inquiries, and maintains files. It also coordinates vendor renewals and price quotes for hardware and software maintenance contracts, may negotiate costs, and provides functional supervision, training, and procedural direction to staff. The position reports to and receives direction from a management-level classification.

Requirements

Graduation from an accredited college or university supplemented by coursework in business administration, accounting, or a related field, or an equivalent combination of education and experience.
Considerable knowledge of accounting or finance practices or principles.
Project management experience.
Considerable knowledge of and experience with university programs and computing systems, including FMS/BAR, HRS, PPS, and GBS.
Ability to establish and meet deadlines, work under extreme pressure, and function independently.
Strong leadership, analytical, and problem-resolution abilities.
Excellent oral and/or written communication skills.
Ability to communicate effectively with others.

Responsibilities

Provide financial support to School of Medicine departments, including reporting and resolving issues involving budgets, accounting, vendor quotations and payments, projections, and journal voucher entries.
Prepare financial statements, activity reports, and reports on unit projections, programs, and budget allocations.
Oversee general ledger expenditure allocations and develop and maintain accounting procedures for complex general fund, designated, and restricted accounts.
Prepare budget projections and plans; compile budget estimates; oversee budget execution and review; reconcile funds, indexes, and accounts; and approve and monitor unit revenues and expenditures.
Prepare adjusting entries and year-end closing activities for review, project year-end revenues, expenditures, and deficits, and perform management calculations such as payroll projections and accrual adjustments.
Prepare statistical and administrative reports, summaries, and questionnaires concerning department or division activities.
Develop financial reports for university-wide and funded development projects, and prepare detailed proposals and specialized, routine, and ad hoc reports and analyses using administrative systems and reporting tools.
Research and analyze data for internal and external clients, identify financial discrepancies, and resolve client inquiries.
Create, organize, and maintain files using database and spreadsheet programs.
Track maintenance contract renewals and coordinate vendor renewals and price quotes for hardware and software maintenance contracts, including possible cost negotiations.
Provide functional supervision, training, instruction, and procedural direction to staff.
Perform related work as assigned.