Finance Professional III

Job Description

About the Role

Title: Finance Professional 3 – Department of Medicine

Location: Minneapolis United States

Job Description:

About the Job

Updated 8/20/24

Job Description

This Finance Professional 3 position is an integral component of the 14 person accounting team of the Medicine Administrative Center. This position has the ability to work 100% remote or hybrid. You will be expected to attend up two in-person accounting workshops per year located in Minnesota.

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:

•Determining appropriate payroll percentages for labor charging and effort certification.

•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 to inform and work 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

•Be a departmental representative on Medical School, AHC and 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.

Qualifications

All required qualifications must be documented on application materials

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.

•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 or 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.

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

• Demonstrated 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.

•Demonstrated ability to work effectively in informal and formal teaming arrangements.

Benefits

Working at the University

At the University of Minnesota, you’ll find a flexible work environment and supportive colleagues who are interested in lifelong learning. We prioritize work-life balance, allowing you to invest in the future of your career and in your life outside of work.

The University also 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