Fin Pro 3 or 4-Fin Gnrlst
Company: University of Minnesota
Location: Saint Paul
Posted on: January 21, 2023
Job Description:
Apply for JobJob ID353292
LocationTwin Cities
Job FamilyFinance
Full/Part TimeFull-Time
Regular/TemporaryRegular
Job Code8223FG
Employee ClassCivil Service
Add to Favorite JobsEmail this JobAbout the Job
Position Overview:The College of Education and Human Development's
Finance Services Office is searching for a Finance Professional 3
or 4, depending on qualifications and experience. This position
provides professional accounting and financial services for
complex, diverse, and high volume financial portfolios, including
sponsored projects, grants, foundations, state-specials, state
allocations, internal and external sales, and indirect cost
recovery funds. Leveraging in-depth knowledge and expertise, the
position provides senior level consultation to the unit leadership
(chairs, heads, and directors), faculty (PIs), and staff. The
position is responsible for developing complex budgets, creating
customized reporting, analyzing financial trends, preparing
financial forecasts, and overseeing and managing financial
transactions to inform consultations with leadership regarding
strategic and operational financial risks and initiatives. This
position assumes lead responsibilities to include training,
monitoring, oversight and accountability for assigned college-level
business processes or for assigned mentee/s. Incumbent provides
unique and informed insights into the analysis and development of
accounting practices and procedures to increase capacity,
efficiency, effectiveness and competency within the college. The
Finance Professional 4 (FP4) level position would serve as Senior
Accountant and be assigned to CEHD's most complex (funding sources,
finance volume transactions/funding amounts/sponsored projects,
scope of responsibility, staffing makeup). Similar to a FP3, the
FP4 would be assigned a college-wide business process, but the
FP4's assignment will be one that has a greater impact college-wide
(i.e. external sales). Additionally, a FP4 position would take a
larger role in mentoring and training other Finance Professional 2s
and 3s on the team. The FP4 would be assigned as a mentor to other
FPs, would participate in search committees, would provide input
for annual reviews, but there are no formal supervisor
responsibilities. The University of Minnesota encourages a healthy
work life balance for employees. CEHD is committed to an excellent
employee experience, offering a flexible work environment that
meets the needs of students, staff, faculty, and the communities we
serve. Flexible work arrangements may include flexibility in
schedule and/or work location. Please note that 100% remote work
requires approval. All UMN employees are expected to follow
applicable public health and safety procedures. Job
Responsibilities:Budget and Financial Management (40%)
Academic, Center and/or
Administrative Unit Accountant Consult with business managers and
unit administrators in the development of external/internal sales
business plans, billing rates, and contracts. Provide assistance on
budget development for programs, projects and initiatives. This
includes activities related to course fees and fees in lieu of
tuition. Lead assigned unit/s annual budget and fiscal year close
processes. Facilitate conversations and provide guidance to unit
leadership regarding financial position and potential funding
needs. Assist in the monitoring and completion of the unit's merit
process. Develop and enter the budget into EFS by the required
deadlines. Complete required reporting and closing procedures Lead
the development and maintenance of a chart of accounts that align
with operational needs, optimizes reporting, while minimizing
impact on efficiency. Chart of accounts should be consistent with
University policy and should align with collegiate strategies.
Manage financial transactions for a diverse portfolio of sponsored
and non-sponsored accounts including foundation gifts, scholarships
and endowments, internal and external sales, O&M state
allocations, state special allocations, indirect cost recovery, and
various sponsored accounts, grants and project funding sources.
Management to include verification and use of appropriate
accounting, completion of reconciliations, review and
approval/denial of transactions, and initiation and entry of
corrections. Management also includes assessing, analyzing,
interpreting, translating and recommending courses of action based
upon professional judgement and knowledge of University policies
and procedures and other regulating agency requirements Ensure
accuracy of entered personnel and payroll transactions in payroll
accounting and on abstracts, including consistency with appointment
documentation and appropriateness of funding source. Sponsored
Project Accountant (30%)
Develop budgets and/or projections
for sponsored projects grant proposal awards, renewals and no-cost
extensions, working closely with the grant coordinator and
Principle Investigators (PIs)/researchers to ensure effective pre
and post-award management of sponsored projects. Provide fiscal
management and monitoring of sponsored project activity and
balances in compliance with University and regulatory agency
policies and procedures. Develop and maintain knowledge of
pertinent federal, state, business, and non-profit sponsors to
provide guidance and interpretation of governing legislation, rules
and conditions. Consult with and develop partnerships with
Sponsored Projects Administration (SPA), Sponsored Financial
Reporting (SFR), and external sponsors to manage sub-awards,
reconcile/resolve concerns, and close out awards. Coordinate and
facilitate regularly scheduled meetings with PIs, and unit
administrators to monitor financial activity and to address
concerns. Perform Certified Approver (CA) duties for assigned
units. Coordinate effort certification, including managing and
monitoring effort certification process, investigating budgetary
issues, preparing payroll distribution changes, processing
necessary correcting entries, and meeting required deadlines.
Reporting and Analysis (15%)
Prepare complex, comprehensive,
customized, routine, and ad hoc reporting from a variety of sources
for University, college, and unit leadership, and PIs, as needed.
Consult with stakeholders to interpret data and to make
recommendations and observations. Perform budget-to-actual analysis
of assigned sponsored and non-sponsored accounts. Analyze financial
data for anomalies, identify gaps in revenue and/or expenses,
investigate and recommend solutions. Develop and present
projections and trending to inform and advise stakeholders. Lead
Finance Professional (10%):
College Process Resource Provide
oversight and management of college-wide business processes (i.e.,
scholarships, internal/external sales, effort certification,
payroll accounting, sponsored projects/grants/projects, certified
approver, reporting and data analytics) Assigned to specific
college-wide business processes as a subject matter expert; partner
with management to ensure coordination and dissemination of new and
changing policy and procedure. Conduct training for: accounting
professionals, department administrators, preparers and processors
within the college Serve as a first-point-of-contact resource for
process-related policies and procedures interpretation. Participate
in process improvement initiatives that have an overall impact on
the college or individual units. Train and mentor other finance
professional team members as needed Serve on and/or lead
department, college-wide, and university-wide committees,
implementation projects, task force initiatives, and standing
University-level defined roles and content expert groups.
Qualifications
Required Qualifications (for Finance Professional 3, 8223FG job
code):
BA/BS plus at least four years of
professional work experience or a combination of related education
and work experience to equal eight years. Demonstrated experience
in accounting/fund accounting, budget development, and/or other
financial management. Demonstrated ability to collaborate well with
people from a variety of backgrounds, communities, and identities.
Required Qualfications (for Finance Professional 4, 8224FG job
code):
BA/BS plus at least five years of
professional work experience or a combination of related education
and work experience to equal nine years. Demonstrated experience in
accounting/fund accounting, budget development, and/or other
financial management. Demonstrated ability to collaborate well with
people from a variety of backgrounds, communities, and identities.
Preferred Qualifications:
BA/BS with major(s) related to:
accounting, business or public administration, finance, economics,
or other related field. Documented experience working within a
higher education research environment; familiarity with University
of Minnesota enterprise systems, policies, and procedures.
Experience managing and prioritizing multiple tasks and work both
independently and as part of a team. Experience delivering high
level customer service, including proactive communication and
ability to troubleshoot and resolve issues Advanced computer skills
including spreadsheet development and maintenance. Fiscal
experience in fund forecasting/projecting and monitoring, auditing,
grants management, and reporting (utilizing multiple data sources).
Experience with financial management, oversight, and monitoring
complex budgets and contracts. Certified approver (UMN internal
applicants, passed exam 1 and 2); expectation to pass both within
12 months of employment.
About the Department
College OverviewThe College of Education and Human Development
(CEHD), the third largest college at the University, contributes to
a just and sustainable future through engagement with the local and
global communities to enhance human learning and development at all
stages of the life span. We know diversity is necessary to do our
best work and foster our humanity. That's why the CEHD community is
collectively dedicated to cultivating an inclusive and equitable
environment, embracing and celebrating all identities of our
students, staff, and faculty. These values are also a moral
imperative requiring continuous proactive measures and a firm
stance against prejudice, discrimination, and systemic injustice.
https://www.cehd.umn.edu
Benefits
Working at the UniversityAt the University of Minnesota, you'll
find a flexible work environment and supportive colleagues who are
interested in lifelong learning. We prioritize work-life balance,
allowing you to invest in the future of your career and in your
life outside of work.The University also offers a comprehensive
benefits package that includes:
- Competitive wages, paid holidays, and generous time off
- Continuous learning opportunities through professional training
and degree-seeking programs supported by the Regents
Scholarship
- Low-cost medical, dental, and pharmacy plans
- Healthcare and dependent care flexible spending accounts
- University HSA contributions
- Disability and employer-paid life insurance
- Employee wellbeing program
- Excellent retirement plans with employer contribution
- Public Service Loan Forgiveness (PSLF) opportunity
- Financial counseling services
- Employee Assistance Program with eight sessions of counseling
at no costPlease visit the Office of Human Resources website for
more information regarding benefits.
Diversity
The University recognizes and values the importance of diversity
and inclusion in enriching the employment experience of its
employees and in supporting the academic mission. The University is
committed to attracting and retaining employees with varying
identities and backgrounds.The University of Minnesota provides
equal access to and opportunity in its programs, facilities, and
employment without regard to race, color, creed, religion, national
origin, gender, age, marital status, disability, public assistance
status, veteran status, sexual orientation, gender identity, or
gender expression. To learn more about diversity at the U:
http://diversity.umn.edu.
Employment Requirements
Any offer of employment is contingent upon the successful
completion of a background check. Our presumption is that
prospective employees are eligible to work here. Criminal
convictions do not automatically disqualify finalists from
employment.
Please note: All employees at the University of Minnesota are
required to comply with the University's Administrative Policy:
COVID-19 Vaccination and Safety Protocol by either providing proof
of being fully vaccinated on their first day of employment, or
complete a request for an exemption for medical exemption or
religious reasons. To learn more please visit:
https://safe-campus.umn.edu/return-campus/get-the-vax
About the U of M
The University of Minnesota, Twin Cities (UMTC)The University of
Minnesota, Twin Cities (UMTC), is among the largest public research
universities in the country, offering undergraduate, graduate, and
professional students a multitude of opportunities for study and
research. Located at the heart of one of the nation's most vibrant,
diverse metropolitan communities, students on the campuses in
Minneapolis and St. Paul benefit from extensive partnerships with
world-renowned health centers, international corporations,
government agencies, and arts, nonprofit, and public service
organizations.
Keywords: University of Minnesota, St. Paul , Fin Pro 3 or 4-Fin Gnrlst, Accounting, Auditing , Saint Paul, Minnesota
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