Finance Professional - Department of Medicine

About the Job

This Finance Professional 3 position is an integral component of the 13 person accounting team of the Medicine Administrative Center. The position can be worked 100% remotely or in a hybrid model, with attendance required for up to two in-person workshops per year in Minnesota. Employees will be responsible for covering any travel costs incurred while attending the workshops.

45% Research Accounting

• 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 analyzes reports and trends, informs and partners with faculty to develop financial plans and/or find alternative funding sources.
• Supports the annual budget process for the assigned division.

15% Certified Approver & Effort Certification

• Audits and approves expenditures on sponsored research projects.
• Interprets grant and contract regulations and their relation to university accounting procedures, identifies areas of concern, and recommends solutions.
• Provides departmental expertise on expenditure requirements and policy.
• Coordinates the effort certification process.
• Reviews effort statements and works with faculty to resolve discrepancies.

5% Process Improvements & Miscellaneous Analysis

• Acts as a backup to support other team members.
• Serves as a departmental representative on medical school and/or central committees.
• Provides data and recommendations to managers regarding account and/or fund balances, budgeting practices, and accounting functions.
• Coordinates activities with project leaders, financial staff and outside agencies.
• Completes other projects as assigned.

• 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.

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

Time Appointment: 100% Appointment

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

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
• Health care 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…