A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
The University of Michigan Library is one of the world’s largest academic research libraries and serves a vibrant university community that is home to 19 schools and colleges, 100 top ten graduate programs, and annual research expenditures approaching $1.5 billion a year. To enable the university’s world-changing work and to serve the public good, the library collects, preserves, and shares the scholarly and cultural record in all existing and emerging forms, and leads the reinvention of the academic research library in the digital age.
Michigan Publishing is the primary academic publishing division of the University. The University of Michigan Press is a vital component of the division; in partnership with our authors and series editors, the Press publishes around 100 peer-reviewed books a year in a range of humanities and social science disciplines, as well as books about the Great Lakes region and a small but important textbook list. The Press works in partnership with the other sections of Michigan Publishing, which provide services primarily for the University of Michigan community: Michigan Publishing Services, and Deep Blue Repository and Research Data Services.
The Accountant Intermediate will support the financial and business functions for Michigan Publishing. They will provide financial analysis, reconciliations, policy interpretation, royalty processing, procurement, and the creation and analysis of regular and specialized financial reports. The position works closely with the Library Finance office and other University financial systems. The work requires a willingness to learn about the publishing industry in order to serve both internal and external clients’ business intelligence and accounting needs. This position reports to the Director of Business and Administration who reports to the Associate University Librarian for Publishing.
The library is committed to recruiting and retaining a diverse workforce and encourages all employees to fully incorporate their diverse backgrounds, skills, and life experiences into their work and towards the fulfillment of the library's mission.
This position will be a full-time, two-year term appointment with the possibility of renewal.
Create and/or assist with the preparation of various monthly, quarterly,and year-end financial reports
Prepare publishing statements as required by client contracts
Update historical sales report and other related reports
Record Keeping/Journal Entries:
Prepare journal entries to record revenue and related expenses, other journal journal entries related to Publishing activities
Work with third party vendor sales (ebooks, international distribution, subscription, collections). Prepare files for upload to record revenue, inventory, and track payments related to these revenues
Coordinate the tracking of all title costs and oversee the calculation of inventory unit cost.
Reconcile balance sheet and income statement budget lines related to accounts receivables, subventions, exhibits, sales, royalties, and other business needs. Investigate and correct inaccurate or incomplete financial information
Coordinate the billing, recharge and rebill activities for the Publishing division
Prepare permissions, sale of rights income, and sales upload files
Assist with managing the royalty cycle and reconciling the semi-annual royalty cycle and payment process
Track and record permission invoices and payments, and other rights payments
Maintain title, contract terms, and vendor information in royalty software system
Bachelor's degree in finance-related discipline with a specialization in accounting and 2-5 years relevant accounting experience or equivalent combination of related education and experience
Knowledge and experience of generally accepted accounting principles and standard business practices. Demonstrated knowledge of financial analysis using spreadsheet tools
Demonstrated ability to work within a team, understand diverse perspectives and acknowledge the significance of differences and complexities in backgrounds, cultures, values and viewpoints as the foundation for an inclusive environment
Deadline-orientation and attention-to-detail including ability to generate accurate financial reports within established timelines
Proactive problem-solving, ability to think independently, manage priorities, resolve issues, and escalate concerns when necessary
Excellent communication and customer service skills
Knowledge and experience within the publishing industry
Understanding of and experience with accrual and non-profit accounting standards and activities
Knowledge of U-M’s administrative data systems and financial data systems
Term Appointment - This position will be a full-time, two-year term appointment with the possibility of renewal.
The University of Michigan offers excellent benefits and wellness opportunities. This position receives 24 days of vacation a year, and 15 days of sick leave a year with provisions for extended benefits, as well as opportunities for professional development and travel. TIAA-CREF and Fidelity Investments retirement options are available.
Physical Requirements/Work Environment
The person in this position occasionally moves through the building to attend meetings/events and ascend/descend short flights of stairs to different floors of the building.
During COVID-19, the Michigan Publishing team is currently working remotely, but a return to predominantly in-person working is expected once public health guidelines permit. While access to a personal Internet connection is desirable, U-M Library provides support and resources for remote work needs.
Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled anytime after the minimum posting period has ended.
The University of Michigan is an equal opportunity/affirmative action employer.
Internal Number: 198147
About University of Michigan - Ann Arbor
A great university is made so by its faculty and staff, and Michigan is recognized as one of the best universities to work for in the country. The Michigan culture is known for engaging faculty and staff in all facets of the university to create a workplace that is vibrant and stimulating.For two consecutive years, the Chronicle of Higher Education has placed U-M in its "Great Colleges to Work For" survey. In particular, the university earns high marks for strong relations between faculty and administrators, a collaborative system of governance, strong pay and benefits, and a healthy work/life balance.