University of Minnesota Hiring for Finance Professional at Twin Cities Full Time

About the Job

Description of Position

This position provides financial and accounting support for University of Minnesota construction projects managed by Capital Project Management and UConstruction Facilities Management.

This includes project set up and closeout, capitalization of assets and buildings, reconciliation of subsidiary systems to the general ledger, and providing customer service and reporting for various customers.

Project Accounting (60%)

Set up projects in Tririga and Peoplesoft. Determine correct accounting codes, proper account transfers, and accuracy of charges.

Process fund transfers in the University general ledger, ensuring that funding is available and appropriate for project use.

Determine capitalization components of projects. Reconcile project costs in subsidiary systems to general ledger, analyzing discrepancies, determining the validity of transactions, and making necessary corrections.

Close out projects in a timely manner upon completion. Follow up with Project Managers to resolve deficits or determine a plan for resolution.

Respond to staff and customer requests for project accounting information.

Review all construction project spending activity to ensure projects are properly being capitalized and project account strings no longer needed are being timely inactivated in the University General Ledger.

Responsible for reviewing closed construction project account strings for additional activity; ensure any residual transactions on these account strings are accounted for properly and fund balances are correct for these projects.

Manage the work of Project Accounting student.

Interface Processing and Reconciliation (20%)

Manage system interfaces between subsidiary project management systems and the University general ledger, reconciling differences between the systems determining the validity of transactions and making necessary corrections.

Manage Building Codes permit, Classroom and Network technology expenses are accurately recorded on Capital Projects and reconciled to the general ledger.

Reporting and Analysis (10%)

Prepare and analyze project reports, review project accounts for spending and accuracy of data. Analyze financial information in the subsidiary and general ledger systems.

Produce ad hoc reports as needed for Project Managers, AVPs, Directors, central accounting, and other customers. Other reporting and analysis as needed to meet departmental objectives.

Prepare and submit the annual pollution remediation reporting.

Grants Project Support (10%)

Serve as Project Accountant for grant projects, managing finances for sponsored projects to include accounting, reconciliations, auditing and approving or denying expenditures based on requirements.

Guide Project Managers and work with clients funding the project on university process and policy to ensure accurate and timely submission of authorized capital project expenses using Grant funding.

Qualifications

Required Qualifications

• Bachelor’s degree in Finance, Accounting or related field
• Two years professional accounting, finance, or related experience or a combination of six years related education and work experience.
• Experience and proficiency using spreadsheets, software systems, and reporting software
• Experience using general ledger financial applications and interpreting financial results.
• Excellent communication skills, both verbal & written
• Demonstrated ability to provide strong customer support

Preferred Qualifications

• Four or more years of accounting experience
• Experience with University of Minnesota policies, procedures, and accounting systems
• Demonstrated working knowledge of accounts receivable, accounts payable, general ledger, budgeting, forecasting, cost and project accounting

Knowledge, Skills and Abilities

• Demonstrated ability to establish and maintain effective working relationships with internal and external organizations, groups, team leaders and members and individuals.
• Ability to work both independently and as part of a team.
• Demonstrated ability to interpret, present, and analyze information and ideas clearly and accurately in writing, verbally and by preparation of reports and other materials.
• Demonstrated ability to self-start and take initiative on assignments.
• Strong organizational skills with demonstrated ability to use good judgment in prioritizing multiple requests made while meeting deadline objectives.
• Excellent communication skills, strong problem-solving abilities with attention to detail.

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
• 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)
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
1 day ago