Financial Accounting and Reporting Analyst; Hybrid​/Remote

Overview

Univ Acct & Fin Report

This position reports to and functions under the general administrative supervision of a Financial Accounting & Reporting Specialist 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 Financial Accounting & Reporting Specialist in the proper application of fund accounting guidelines within a public university setting in the State of Illinois. This includes responsibilities such as: providing oversight of university accounting processes; completing reconciliations; assisting with accounting functions related to various fund types (such as gift & 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.

• Assist with accounting issues related to the management of gift funds to ensure compliance with the applicable rules and regulations. This includes reviewing and processing requests for new gift funds and working with departments to ensure compliance with donor intent restrictions and fund accounting guidelines. This helps ensure donor intent compliance and accurate financial reporting for the University of Illinois System.
  
  (50%)
• Document procedural information outlining the accounting theory and procedural steps necessary to complete various tasks related to gift funds and other essential operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge. (10%)
• 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. (10%)
• 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. (10%)
• 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. (5%)
• 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. (5%)
• Compile data and supporting documentation to fulfill audit requests from external auditors, both in preparation for and during the annual external financial statement audit. (5%)
• Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS. (5%)

• 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 Management Accountant, or a valid license to practice Public Accounting (LPA). OR
• Master's degree in Accountancy or a related field.

Certifications

• Preferred:
  Certified Public Accountant (CPA), and/or
• Certified Internal…