Financial Accounting & Reporting Analyst-Hybrid In State

University of Illinois Urbana-Champaign; Urbana (IL); Hybrid; USD 58,000 - 62,000; Full time

Benefits offered by this job

Health

Dental

Vision

Life Insurance

Retirement Plan

Paid time Off

Tuition waivers for employees and/or +

Job summary

University of Illinois Urbana-Champaign seeks a Financial Accounting and Reporting Analyst within University Accounting Services (UAS) to apply fund accounting guidelines and support annual reporting, audits, and compliance. The role emphasizes reconciliations, process documentation, and guidance across university units.

The position offers a hybrid or remote work option to suit unit needs, with responsibilities spanning financial analysis, technical accounting tasks, and collaboration with

Qualifications

• Bachelor’s degree in Accountancy or related field with 2+ years of accounting experience, or CPA/CIA/CMA license, or Master’s in Accountancy.
• Experience with fund accounting and university/IRS-related reporting is preferred.
• Strong knowledge of accounting theory, controls, and reporting in a higher education setting.

Responsibilities

• Oversee system-wide bank reconciliations and investigate discrepancies.
• Document accounting processes and create procedural guidance.
• Analyze Banner transactions to determine accrual/deferral needs for annual financial reporting.

Skills

Financial accounting

Microsoft Excel

Banner Finance module

Analytical thinking

Communication

Education

Bachelor's or higher in Accountancy

CPA/CIA/CMA licensure (preferred)

Tools

Banner Finance

Microsoft Access

Job description

University Accounting and Financial Reporting

Sponsorship for Work authorization is not available for this position

Job Summary This position reports to and functions under the general administrative supervision of an Associate Director within University Accounting Services (UAS), which is a division of University Accounting and Financial Reporting (UAFR) within the Office of the Vice President, Chief Financial Officer, and Comptroller. 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 (but is not limited to) responsibilities such as: providing oversight of university accounting processes; completing bank and fund reconciliations; assisting with accounting functions related to various fund types (such as self-supporting funds); completing support schedules and providing guidance to university units for the annual unrelated business income tax (UBIT) return; providing oversight to ensure 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 at all locations; participating in various special accounting projects; and performing various 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.

Duties & Responsibilities

• Prepare and complete several of UAFR's system-wide bank reconciliations. This includes investigating any bank reconciling errors, reviewing appropriateness of transactions by both the banks and the university, communicating effectively with the appropriate parties regarding bank reconciliation items, and ensuring the proper correcting entries are made in Banner when applicable. This is an important task critical to the operations of the University of Illinois System.
• Document procedural information outlining the accounting theory and procedural steps necessary to complete various system-wide bank reconciliations and other essential operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge.
• Analyze various Banner transactions (such as invoice vouchers) to determine whether an accrual or deferral adjustment should be recorded to help ensure proper inclusion in the university's annual financial report.
• Participate in the Year-End Fact Sheet process, which is an important part of the university's year-end close process to convert cash-basis accounting activities to an accrual basis. This important task helps to ensure the accuracy of the university's annual financial report.
• Contribute towards the review and completion of supporting schedules for the university's annual Unrelated Business Income Tax (UBIT) return to ensure compliance with the applicable guidelines outlined by the Internal Revenue Service (IRS) and university policy.
• Help units in identifying financial accounting errors which need corrected (such as misclassified transactions on either the operating ledger or general ledger) and help teach Banner users how to correct these errors and how to avoid them in the future. This helps ensure more accurate financial statement reporting for the university.
• Provide guidance, oversight, and accounting expertise on service plan funds (such as the Medical Service Plan funds). This includes (but is not limited to) reviewing and processing requests for new Service Plan funds, serving as a point of contact for questions related to service plan funds, and helping document institutional knowledge and procedural instructions related to service plan funds.
• Provide guidance, oversight, and accounting expertise on issues related to student enrollment deposit funds. This includes reviewing student enrollment deposit funds for compliance with accounting guidelines, reviewing, and processing requests for the creation and/or termination of student enrollment deposit funds, and serving as a subject matter expert on student enrollment deposit funds to the university community.
• Compile data and supporting documentation to fulfill audit requests from external auditors, both in preparation for and during the annual external financial statement audit.
• Document procedural information outlining the accounting theory and procedural steps necessary to complete various operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge.
• Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS.

Minimum Qualifications

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.

Preferred Qualifications

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

Knowledge, Skills And Abilities

• Proficient computer skills and advanced knowledge of applicable computer systems. This would include 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 to ensure compliance with various policies, guidelines, and regulations.
• Basic working knowledge of how to navigate within the Banner Finance module.
• Familiarity with Microsoft Access, including the ability to edit and run queries.

Appointment Information

This is a 100% full-time Civil Service 5000 - Accounting Associate position, appointed on a 12-month basis. The expected start date is as soon as possible. The budgeted salary range for the position is $58,000 to $62,000. Salary is competitive and commensurate with qualifications and experience, while also considering internal equity.
System Office jobs such as this one are not eligible for the Referral Program.
For more information on Civil Service classifications, please visit the SUCSS web site at https://www.sucss.illinois.gov/pages/classspec/default.aspx.

Benefits

• Health
• Dental
• Vision
• Life Insurance
• a Retirement Plan
• Paid time Off
• Tuition waivers for employees and dependents

Equal Opportunity Employer

The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

Applicants with disabilities are encouraged to apply and may request a reasonable accommodation under the Americans with Disabilities Act (2008) to complete the application and/or interview process. Accommodations may also be requested on the basis of pregnancy, childbirth, and related conditions, or religion. Requests may be submitted through the reasonable accommodation portal, or by contacting the Office for Access & Equity at 217-333-0885, option #1, or [e-mail].

Artificial Intelligence (AI) tools may be used in some portions of the candidate review process for this position; however, all employment decisions will be made by a person.

About the University

Champaign-Urbana
At the University of Illinois Urbana-Champaign — the state’s flagship public university and one of the world’s leading research institutions — every staff member helps shape what’s next. Founded in 1867, Illinois is home to a vibrant community of 59,000 students from all 50 states and 129 countries, supported by 15 colleges and instructional units, more than 20 research institutes, and one of the most comprehensive student service ecosystems in the nation. Whether you’re empowering first‑generation students, fueling breakthrough innovation, or strengthening communities across Illinois and beyond, your work here has a far-reaching and deeply meaningful impact. The university offers a highly competitive benefits package designed to support your well-being, growth, and financial security. Join a top 10 public university that has launched over 330 startups and continues to redefine excellence — where the Illinois Value Proposition ensures that your contributions are recognized, your potential is nurtured, and your career can thrive.