Are you seeking to be part of a financial team that supports a world-class public institution committed to its mission, provides a collaborative work environment, and Driven to Discover in what it sets out to accomplish?
The Internal/External Sales Office at the University of Minnesota is seeking a Cost Accounting Financial Analyst that is motivated to learn and share your financial talents and experiences with its fellow team members.
This position will offer experiences that tap into cost accounting, financial analysis and contracting.
Working at that University, we offer:
An environment where you are empowered to continually learn.
Leadership development. In fact, the University encourages professional development in this capacity for every level of employment.
Great benefits to our employees! The University is dedicated to keeping you and your family healthy—physically, emotionally, financially, socially, and professionally. Experience a complete package of rewards that includes not just wages but a full scope of benefits to make sure our faculty and staff remain happy, healthy, and engaged in their work.
The Financial Analyst 1 – Cost Accounting position is responsible for review of University wide internal/external sales business plans and sales rates. Reviews include; in-depth data and financial analysis to verify application of correct federal and University policy/procedures and accounting standards, assess overall financial operations and issue a report with outcomes and recommendations/findings. The position also provides business and costing analysis guidance in the development of internal/external sales rates, assists departments with external sales work scope, description of services and external contracting.
Essential Duties and Responsibilities with % of time:
60% - Review, evaluate, and make recommendations regarding external sales contracts and internal sales activity while coordinating with specific University subject matter experts as needed or required. Provide guidance on rates, rate structure and recharge center operations. Analyze and reconcile complex financial activity such as; breakdown of individual rate components included in overall rate(s), and translation of financial data into an operating statement for the recharge center. Evaluate trends/changes and recommend financial decisions or best business practices to improve operational performance and sales activity. Guide the establishment of new accounting structures for new ventures (recharge centers) and evaluate the original business plan against actual results. Ensure compliance with federal and state regulations and University policies. Collaborate with units in resolving compliance issues and to ensure implementation of resolutions.
20% - Report to subject matter stakeholders regarding the operations of Internal/External Sales activity including applicable federal regulations, best business practices, responsible use of resources, potential cost reductions and appropriate rate development to achieve highest standard of excellence and maximize value. Create and revise job aids, reconciliation templates and questionnaires to develop new approaches in resolving new or recurring issues.
10% - Perform institutional oversight for compliance with federal, state and University wide policies. Analyze the impacts of the rate review process by measuring recharge variances, timeliness of invoicing and more efficient resource allocation, etc.
10% - Perform special projects as assigned, including participation in or support of financial system improvement projects; helping the University to maintain responsible stewardship over its resources; create and implement training materials related to internal/external sales, etc.
Required Education/ Training/Experience:
Bachelor’s degree in accounting or related field.
Eight years of professional finance experience to include three years of cost accounting, contracting, purchasing, financial accounting, reporting, or auditing experience.
Excellent analytical skills.
Ability to work effectively with diverse customers and constituents in a diverse, decentralized environment.
Proficiency with spreadsheets, databases, or other query tools and financial systems.
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.