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UC OFFICE OF THE PRESIDENT
At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good.
The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
Under UCOP's Chief Financial Officer Division, Financial Accounting provides numerous systemwide support functions, including financial management and reporting in connection with employee benefits, debts, federal and other extramurally funded projects, endowment funds, and campus foundations. Under the Financial Accounting group, the Corporate Accounting unit is responsible for UC financial accounting policy and the consolidated financial reporting under generally accepted accounting principles for campuses, medical centers, University of California Retirement System and foundations. This unit maintains the University's consolidation tools and coordinates the systemwide annual fiscal close and external audit. In addition, Corporate Accounting is responsible for UC debt accounting, reporting and administration and provides technical accounting guidance on unusual/nonrecurring transactions.
Also under the Financial Accounting Group, the Endowment & Investments Accounting unit is responsible for centralized accounting and financial reporting for endowment funds, campus foundations, other UC affiliated organizations and planned gifts. This area is also responsible for participant accounting for the University's investment pools portfolio of over $160 billion (General Endowment Pool, Short Term Investment Pool, Blue and Gold Pool and Total Return Investment Pool) including recording and reconciling investment transactions, as well as accounting and recording investment activity for the University of California Retirement Plan (UCRP) and University of California Retirement Savings Plan (UCRSP) funds, including pool processing for the UCRP and Department of Energy Laboratory segments.
Reporting to the Accounting Manager, the Accountant 4 would be a key contributor in maintaining accurate accounting records for UCOP encompassing developing, implementing and monitoring accounting systems, policies and procedures.
Uses advanced accounting concepts and organizational objectives to resolve highly complex issues. Regularly works on highly complex accounting assignments that are of diverse scope requiring analysis of identifiable factors, using multiple accounting and financial sources. Demonstrates good judgment in selecting methods and techniques for obtaining solutions, completing analysis and developing recommendations. Normally receives little instruction on day-to-day work, with general instructions provided on new or unique accounting assignments. Interacts with senior internal and external personnel on matters of some significance to the accounting organization.
A key player in supporting operational needs of the general accounting and endowment and investment accounting functions as they roll up in monthly and annual closing requirements to the University's consolidation tools (Oracle Financial Consolidation and Close Cloud Service and Amazon QuickSight). Performs monthly and annual pool processing and reporting functions for the investment pools. Works closely with UC Investments on all matters of pool processing and closing deadlines. Provides ongoing advice and assistance to various stakeholders at the Office of the President or campuses. Responsible for investment reconciliations with the investment custodian and UC Investments. Provides support to campuses and foundations for endowment and investment accounts.
Reviews and approves reconciliations of monthly investment activity from the investment custodian with the endowment ledger and the general ledger. Reviews exception reports and works with the team to correct errors during the closing process. Directs processing to allocate income to endowment, retirement, and campus accounts. Supports campuses and foundations for endowment and investment accounts needs including transmittal of transaction files to campuses and foundations. Coordinates with campuses, foundations and the UC Office of the President to resolve problems.
Assist in various special projects. Prepares ad hoc reports. Identifies areas of potential problems and assists recipients to resolve problems.
Develops, implements and maintains endowment and investment reporting systems. Leads in the testing of transactions and system reports for financial reporting purposes
Prepares journal entries, maintains and reconciles complex ledger accounts. Reviews routine/recurring journal entries and account reconciliations prepared by junior accountants in the team.
Provides a record of assets, liabilities and other financial transactions to various stakeholders. Provide Capital Markets and Finance with statistical endowment and investment data needed for various stakeholders including rating agencies and bondholders.
Provides policy interpretation, research of transactions, accounting training and advice on accounting policy and procedures to others within the University including campuses, medical centers, and foundations. Develops and updates procedures and policies in response to changes in accounting requirements and new activities.
Fiscal year-end closing responsibilities for completing investment reconciliations with the investment custodian and UC Investments. Prepares financial data for footnote disclosures, performs fluctuation analysis, assists external auditors with the appropriate research.
Experience and demonstrated in-depth knowledge of generally accepted accounting theories, principles, and practices (GAAP) as they apply to a wide variety of accounting transactions and fiscal troubleshooting; thorough knowledge of reconciliation processes, the accounting cycle, financial statements, internal controls, and GASB Statements.
Demonstrated ability to perform and coordinate complex accounting functions with multiple locations; skills to analyze and reconcile large volumes of financial data.
Problem-solving and analytical skills as demonstrated by the ability to gather relevant data, perform analysis, identify trends, and make recommendations to resolve accounting issues.
Demonstrated ability to analyze, translate, document, and implement new and/or revised complex accounting pronouncements issued by GASB, as well as standard accounting procedures; ability to interpret conflicting regulations and determine the order of precedence in an application.
Experience and demonstrated skills using PC-based tools and online financial systems to perform transactions; monitor financial status; query and analyze financial data; and prepare management level reports; ability to use financial tools to improve processes.
Meticulous attention to detail as demonstrated by the ability to consistently prepare and review financial transactions, ensuring correct coding of data and discerning data anomalies with a high degree of accuracy.
Excellent verbal and written skills as demonstrated by the ability to articulate ideas and issues clearly, concisely, and persuasively; ability to effectively communicate complex policies and procedures.
Demonstrated interpersonal skills to establish and maintain effective working relationships with clients and other staff members at UCOP and campus locations, and to respond positively and proactively to customer service needs and problems.
Ability to work independently and collaboratively as part of a team.
Demonstrated organizational skills including the ability to efficiently prioritize workload to meet deadlines in an environment of multiple projects and changing priorities.
Proficiency with MS Office Suite and other standard office applications.
Knowledge of audit and internal control standards.
Bachelor's degree in accounting or related field or an equivalent combination of education and experience.
Four or more years progressively responsible and recent professional accounting experience in investment accounting for a complex, diverse investment portfolio.
CPA certificate preferred.
Experience in a comparable organization with a high volume of transactions.
Knowledge and understanding of UC fiscal controls and accounting policies and procedures, as well as experience and understanding of University of California financial systems.
Experience with Oracle Cloud financials
Experience with Fundriver application
Bachelor's degree in related area.
Professional certification preferred.
SALARY AND BENEFITS
Salary: $97,000 - $113,600
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is November 10, 2021. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.