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This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/11972993 Financial Accounting and Reporting Analyst - Hybrid/Remote

UAFR

Job Summary

This position reports to and functions under the general administrative supervision of a Financial Accounting and Reporting Specialist within University Accounting Services (UAS), which is a division of University Accounting and Financial Reporting (UAFR) within the Office of the Vice President, Chief Financial Officer, and Comptroller. The Financial Accounting and Reporting Analyst assists the Financial Accounting and Reporting Specialist in the proper application of fund accounting guidelines within a public university setting in the State of Illinois. This includes (but is not limited to) responsibilities such as: providing oversight of university accounting processes; completing fund reconciliations and bank reconciliations; assisting with accounting functions related to various fund types (such as self-supporting funds); completing support schedules and providing guidance to university units for the annual unrelated business income tax (UBIT) return; providing oversight to ensure compliance with various university, state, and federal policies and guidelines; completion of various monthly, quarterly, and annual reports and audit schedules; providing quality customer service/support to university units at all locations; participating in various special accounting projects; and performing various other accounting tasks as assigned. The ability to work under pressure is required at times to help ensure operational needs are met. In addition, this position may be eligible for a hybrid or remote work arrangement depending on unit operational needs.

Duties & Responsibilities

• Assist with accounting issues related to the management of self-supporting funds to ensure compliance with the applicable rules and regulations. This includes (but is not limited to) reviewing and processing requests for new self-supporting funds and working with departments to research and correct erroneous self-supporting fund transactions. This helps ensure financial reporting for the University of Illinois System.
• Assist with the preparation of the quarterly accounts receivable report. This report provides details surrounding the University of Illinois System\'s accounts receivable and is required to be submitted to the State of Illinois Comptroller after the end of each quarter.
• Assist with the review and completion of supporting schedules for the university\'s annual Unrelated Business Income Tax (UBIT) return to ensure compliance with the applicable guidelines outlined by the Internal Revenue Service (IRS) and University policy.
• Assist with the Year-End Fact Sheet process, which is an important part of the University\'s year-end close process to convert cash-basis accounting activities to an accrual basis. This important task helps to ensure the accuracy of the University\'s annual financial report.
• Analyze various expense transactions to determine whether an accrual or deferral adjustment should be recorded. This helps ensure accurate reporting of accruals and deferrals for the University of Illinois System\'s financial statements.
• Assist with the correction of accounting errors (such as misclassified transactions on either the operating ledger or general ledger) and train departments on how to avoid similar errors in the future. This helps ensure more accurate financial statement reporting for the university.
• Collect supporting documentation to fulfill external audit requests. This is an important task to fulfill the University of Illinois System\'s requirements during the annual external audit process.
• Contr bute towards special projects as assigned by University Accounting Services management, such as working with other staff members to contribute towards solving problems and making improvements in university-wide processes.
• Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS.

Minimum Qualifications

1. Bachelor\'s degree with a major in Accountancy or a related field AND two (2) years of professional level accounting experience.

OR

2. Possession of current registration as a Certified Public Accountant (CPA), Certified Management Accountant, or a valid license to practice Public Accounting (LPA).

OR

3. Master\'s degree in Accountancy or a related field.

Preferred Qualifications

Preferred:

1. Certified Public Accountant (CPA), and/or

2. Certified Internal Auditor (CIA), and/or

3. Certified Management Accountant (CMA)

Knowledge, Skills and Abilities

1. Proficient computer skills and advanced knowledge of applicable computer systems. This would include advanced skills in Microsoft Office products such as Excel, Outlook, and Word.

2. Ability to produce accurate, detail-oriented work related to financial matters within a higher education setting.

3. Ability to enforce various applicable policies and regulations while still providing superior customer service.

4. Ability to