University Financial Reporting Specialist; GASB​/GAAP

Overview

Business and Administration is excited to begin the search for a Financial Reporting Accountant! This individual is responsible for the accurate presentation of the university’s Annual Financial Report and University Financial Internal Controls. This position must have knowledge of 100+ Governmental Accounting Standards Board (GASB) pronouncements, the ability to analyze financial data, and the ability to provide information for university‑wide decisions.

Candidates are required to upload a resume and cover letter with their application.

• Prepares edits and reviews the University’s Annual Financial Report in accordance with Generally Accepted Auditing Principles (GAAP) and 100+ Governmental Auditing Standards Board (GASB) pronouncements. Completes 200+ year‑end accrual period entries to ensure compliance with GAAP and GASB for all four divisions of the University. Coordinates various audit activities to ensure departmental compliance with GAAP and GASB pronouncements. Assists in the preparation of footnote disclosures required by the GASB pronouncements and annual audit schedules for external auditors as well as State Examiners of Public Accounts.
  
  Assists them with answering questions about financial activity and compliance with State of Alabama laws and regulations. Ensures the University administers and adheres to financial internal controls.
• Reviews and interprets legal documents, specifically all lease agreements and subscription‑based information technology arrangements (SBITA), to measure the lease/subscription assets and liabilities to appropriately account for these agreements in accordance with GAAP and GASB pronouncements.
• Prepares monthly reconciliations (including, but not limited to, bank reconciliations, prepaid insurance, general liability, bond spending, and payroll to fringe expenditures to financial statements) and analysis of financial data to include, but not limited to, revenue and expenditure analysis, calculating projections, and explaining variances on request to enhance administrative decisions affecting university‑wide policies and procedures. Reviews wire transfers and related documentation between Procurement and Business Services and Cash Management to ensure wires are initiated by the department and approved by appropriate units.
• Reviews and/or prepares journal entries, collection reports (including reimbursement of purchasing card transactions and vanity tags), and cash transfers for University transactions throughout the year for all University departments and units as well as year‑end audit adjustments and reclassifications to make sure financial transactions are in accordance with GAAP and GASB pronouncements. On a monthly basis, complete entries to fund bond projects and allocate cash pool interest to applicable Banner funds.
• Responsible for the University’s Chart of Accounts. Creates and revises FOAPAL elements within the University’s Enterprise Resource Planning (ERP) system. Tests all Banner Finance upgrades, which occur at least quarterly. Reviews system reports. Researches issues and coordinates with Information System Support personnel to resolve out‑of‑balance issues. Ensures proper documentation is uploaded to Xtender.
• Prepares ad hoc reports for internal and external constituencies, including Institutional Research, Risk Management, bond rating agencies, financial institutions, as well as state and federal agencies. Prepares surveys which include but not limited to Integrated Postsecondary Education Data System (IPEDS), Delaware Study of Instructional Costs, and Times Higher Education Survey. Reviews Agency funds and notifies responsible parties of deficits. Prepares monthly statements for the Auburn University & Dixon Conference Center (AUHDCC) and the Julee Collins Smith Museum and completes legal expense analysis for General Counsel.
  
  Completes the annual Service Center break‑even analysis and approval of the rate development calculation for 50+ service and recharge centers.
• Records and monitors internal loans. Prepares amortization schedules and monthly entries to charge principal and interest payments. Ensures transactions are…