Financial Accounting & Reporting Analyst-Hybrid In State

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

Job summary

University of Illinois System seeks a Financial Accounting & Reporting Analyst to support the University Accounting Services team in Illinois. The role involves overseeing fund accounting processes, bank reconciliations, and preparing financial reports and audit schedules.

The position supports hybrid or remote work depending on unit needs. Responsibilities include coordinating with units, ensuring policy compliance, and contributing to the annual financial report and related audits.

Qualifications

• Bachelor's degree in Accountancy or related field and two years of professional level accounting experience
• OR CPA/CIA/CMA or public accounting license
• OR Master's degree in Accountancy or related field

Responsibilities

• Prepare and complete system-wide bank reconciliations and resolve reconciliation items
• Document procedural information to support accounting tasks
• Analyze Banner transactions to determine accruals/deferrals for annual financial report
• Participate in Year-End Fact Sheet process for accrual-based close
• Contribute to UBIT return support schedules to ensure IRS compliance
• Identify and correct accounting errors in ledgers and educate Banner users
• Provide guidance on service plan funds and related processes
• Provide guidance on student enrollment deposit funds and compliance
• Compile data for external audit requests
• Document accounting theory/procedures for institutional knowledge
• Perform other duties as assigned for Financial Accounting and Reporting Analyst role

Skills

Advanced Excel

Attention to detail

Communication skills

Problem-solving

Education

Bachelor's degree in Accountancy

CPA / CIA / CMA

Master's degree in Accountancy

Tools

Banner Finance

Microsoft Access

Job description

Financial Accounting & Reporting Analyst-Hybrid In State - Hybrid

Univ Acct & Fin Report

Sponsorship for work authorization is not available for this position.

Posting Category: System Office jobs such as this one are not eligible for the Referral Program.

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.

Responsibilities

DUTIES AND 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 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.

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:

• 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 Accounting Associate position.

The expected start date is as soon as possible.

Sponsorship for work authorization is not available for this position.

System Office jobs such as this one are not eligible for the Referral Program.

The budgeted salary range for the position is $58,000.00 - 62,000.00. Salary is competitive and commensurate with qualifications and experience, while also considering internal equity.

This position is intended to be eligible for benefits . This includes Health, Dental, Vision, Life Insurance, a Retirement Plan, Paid time Off, and Tuition waivers for employees and dependents.

Requisition ID: 9001037

Job Category: Civil Service

Campus Location: Urbana