Financial Accounting & Reporting Analyst-Hybrid In State

University of Illinois System•Urbana, IL

11h•Hybrid

About The Position

The Financial Accounting and Reporting Analyst assists the Associate Director in the proper application of fund accounting guidelines within a public university setting in the State of Illinois. This includes providing oversight of university accounting processes, completing bank and fund reconciliations, assisting with accounting functions related to various fund types, completing support schedules and providing guidance for the annual unrelated business income tax (UBIT) return, ensuring 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, participating in special accounting projects, and performing other accounting tasks as assigned. Ability to work under pressure is required at times to help ensure operational needs are met. This position is eligible for a hybrid or remote work arrangement, depending on unit operational needs.

Requirements

Bachelor's degree with a major in Accountancy or a related field AND two (2) years of professional level accounting experience.
OR Possession of current registration as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Management Accountant (CMA), or a valid license to practice public accounting.
OR Master's degree in Accountancy or a related field.
Proficient computer skills and advanced knowledge of applicable computer systems, including advanced skills in Microsoft Office products such as Excel, Outlook, and Word.
Ability to produce accurate, detail-oriented work related to financial matters within a higher education setting.
Ability to enforce various applicable policies and regulations while still providing superior customer service.
Ability to use creativity in problem-solving and ability to exercise independent professional judgment and discretion.
Ability to propose ideas that improve and/or maintain the effectiveness of daily financial operations.
Strong verbal and written communications skills to effectively present information and respond to requests for guidance and/or clarification.
Ability to address and resolve challenging accounting issues and strong interpersonal skills to establish and maintain effective working relationships.
Ability to meet deadlines.
Understanding of fund accounting principles and a working knowledge of how to apply them in a public university setting within the State of Illinois.
Basic working knowledge of how to navigate within the Banner Finance module.
Familiarity with Microsoft Access, including the ability to edit and run queries.

Nice To Haves

Certified Public Accountant (CPA), and/or Certified Internal Auditor (CIA), and/or Certified Management Accountant (CMA)

Responsibilities

Prepare and complete system-wide bank reconciliations, including investigating errors, reviewing transactions, communicating with appropriate parties, and ensuring proper correcting entries are made.
Document procedural information outlining accounting theory and procedural steps for various operational accounting tasks.
Analyze Banner transactions to determine whether an accrual or deferral adjustment should be recorded for the university's annual financial report.
Participate in the Year-End Fact Sheet process to convert cash-basis accounting activities to an accrual basis.
Contribute towards the review and completion of supporting schedules for the university's annual Unrelated Business Income Tax (UBIT) return.
Help units identify and correct financial accounting errors and teach Banner users how to correct and avoid them.
Provide guidance, oversight, and accounting expertise on service plan funds, including reviewing and processing requests for new funds and serving as a point of contact.
Provide guidance, oversight, and accounting expertise on student enrollment deposit funds, including reviewing for compliance and processing requests for creation/termination.
Compile data and supporting documentation to fulfill audit requests from external auditors.
Perform other duties as assigned appropriate for a Financial Accounting and Reporting Analyst.