Financial Assistant

Job

Location:

Chicago, Illinois

Department: RENU - SQI Regenerative Eng
Salary/Grade: NEX/11

The Querrey Simpson Institute for Regenerative Engineering (RENU) is a new Institute for engineering in medicine and healthcare innovation is being established to foster, develop, and disseminate engineering-driven technology innovations that restore tissue and organ function to improve patient care and quality of life.

The mission of this new institute predominantly integrates the talents of faculty from McCormick School of Engineering and Feinberg School of Medicine to create a convergence research, education, and innovation ecosystem to develop enabling tools for preserving, restoring, and augmenting tissue and organ function. Staff within the Institute support this mission and are an integral part of the Institute's success.

The Financial Assistant provides financial, accounting, and administrative support to ensure the efficient operation of the department. This position is responsible for processing financial transactions, monitoring budgets, preparing financial reports, reconciling accounts, maintaining financial records, and assisting with purchasing, travel, and reimbursement activities. The Financial Assistant works closely with faculty, staff, vendors, and central administrative offices to ensure compliance with institutional policies while delivering excellent customer service.

• Provides day-to-day financial & accounting support using an advanced knowledge of applicable skills, methods & practices & some innovation, analysis, & reasoning to choose appropriate alternatives from among pre-defined policies & procedures to complete work that includes successive steps & involves some non-routine problems &/or decisions.
• Applies industry and professional standards, university policy and procedure, federal and state laws and other regulations.
• Provides administrative &/or clerical support.

• Maintains & tracks individual budget accounts.
• Coordinates annual budget process including tasks associated with the open/close processes.
• Updates calendar, spreadsheets, templates & forms; monitors submissions.
• Completes reconciliation procedures.
• Creates summary reports.
• Coordinates &/or provides information for annual salary review process.

• Prepares account, budget, cost, expenditure &/or funds analysis.
• Provides reports to managers/PIs in tracking payment status & notification when balances & activities do not comply with policy, procedures or are inadequately prepared.
• Creates reports & queries; reviews for incomplete records, data entry errors, &/or accounting mistakes.
• May analyze open encumbrances that are no longer valid & recommend appropriate modifications to ensure smooth processing of financial transactions.

• Completes & maintains transactions in enterprise systems.
• Provides review and oversight of all types of financial transactions some of which may be complex in regard to size or duration of account.
• Reviews; ensures approval based on alternatives regarding practice & policy.
• Troubleshoots problems.
• Performs vendor/account research as needed.
• Obtains additional information from or provides instruction & guidance for customers/vendors; corrects or escalates.
• Accesses multiple banking systems to process transactions, retrieve information, &/or initiate wire transfers.
• Provides financial policy interpretation to determine the validity of customer requests & ensure compliance.
• Contacts outside agencies, banks &/or banking systems to obtain clarification of rules &/or regulations.
• Enters information into database.

• Provides assistance regarding grant financial administration such as preparing financial information for grant submission.
• Completes post award accounting.
• Sets-up sub-contracts &/or start-up research accounts.
• Modifies grant budgets.
• Closes grants.
• Approves expenditures on travel, consulting &/or equipment, along with various forms, such as Intra Institutional Vouchers, Requests for Accounting Corrections, the Research Assistant and Scholarship Appointments, &/or payroll adjustments, in accordance with granting agency guidelines & University policies & procedures.
• Processes subcontract payments according to rules & regulations of granting agencies.
• Reconciles subcontract payments.
• Verifies payroll funding entries.
• Corrects charges to various accounts.

• Provides excellent customer service,…