Finance Professional - Department of Medicine

Position: Finance Professional 3 - Department of Medicine
About the Job

About the Job:

This Finance Professional 3 position is an integral component of the 13 person accounting team of the Medicine Administrative Center. This position has the ability to work 100% remote or hybrid. Employees will be expected to attend up to two in person workshops per year, which take place in Minnesota. Employees will be responsible for covering for any travel costs that may be incurred while attending the in person workshops.

45% Research Accounting

This position works with both sponsored and non sponsored funding. They would be the financial expert from the point at which a grant is funded through closure. Responsibilities include but are not limited to:

* Determining appropriate payroll percentages for labor charging and effort certification and entering them in a timely manner.

* Auditing and approving expenditures, ensuring compliance with University and sponsor policies.

* Developing financial projections and working with faculty and/or staff to research the source and cause of discrepancies in accounting systems.

* Assist with renewals and closeout of projects.

35% Budget Analysis & Reporting

* Reviews and distributes monthly sponsored and non sponsored reports based upon established deadlines.

* Proactively analyze reports and trends, inform and partner with faculty to develop financial plans and/or find alternative funding sources.

* Support annual budget process for assigned division.

15% Certified Approver & Effort Certification

* Audit and approve expenditures on sponsored research projects.

* Interpret grant and contract regulations and their relation to University accounting procedures, identifies areas of concern and recommends solutions.

* Provide departmental expertise on expenditure requirements and policy.

* Coordinate the effort certification process.

* Review effort statements and work with faculty to resolve discrepancies.

5% Process Improvements & Miscellaneous Analysis

* Act as a back up to support other team members.

* Serve as a departmental representative on Medical School and/or central committees.

* Provide data and recommendations to managers regarding account and/or fund balances, budgeting practices and accounting functions.

* Coordinate activities with project leaders, financial staff and outside agencies.

* Other projects as assigned.

Qualifications

Required Qualifications:

* BA/BS plus at least 4 years of experience or a combination of related education and work experience to equal eight years.

* Prior experience with financial reporting and analyses.

* Proficiency with Excel.

* Demonstrated ability to work independently as well as effectively in formal and informal team arrangements.

* Certified Approver or the ability to obtain within one year.

Preferred Qualifications:

* Project accounting, preferably with sponsored research accounting.

* Experience with the University of Minnesota financial management information systems and EFS Peoplesoft accounting system, or accounting/fiscal experience in a public, comprehensive higher education institution with considerable knowledge of administrative policies and procedures typical of a public institution of higher education.

* Fund accounting skills.

* Ability to interpret and present and analyze information and ideas clearly and accurately in writing, verbally and by preparation of reports and other materials.

* Ability to establish and maintain effective working relationships with internal and external organizations, groups, team leaders and members and individuals.

* Strong organizational skills with demonstrated ability to use good judgment in prioritizing multiple requests made at times by persons with competing interests.

Pay and Benefits

Pay Range: $75,000-$93,000; depending on education/qualifications/experience

Time Appointment: 100% Appointment

Position Type:
Civil-Service & Non-Faculty Labor Represented Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University 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 Tuition Benefit Program

* 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 cost

* Employee Transit Pass with free or reduced rates in the Twin Cities metro area

While our salary ranges provide a framework, it is important to note that most of the

time, the initial pay may not reach the maximum of the range. This approach ensures

that compensation reflects the value and unique contributions of each candidate while

maintaining equity…