Finance Professional 3 - Generalist, College of Pharmacy
University of Minnesota, Twin Cities
Location: Minneapolis, Minnesota
Salary: 75000.00 - 80000.00
Internal Number: 352004
The Finance Professional 3 Generalist will work in the College of Pharmacy’s Finance Cluster and report to the CFO. The accountant will work specifically with the Department of Medicinal Chemistry which is one of the five departments at the College of Pharmacy. The accountant will work directly with the department chair and staff in managing non-sponsored funds as well as provide guidance and reporting on financial activities in the department.
Salary: $75,000 -$80,000
Financial Analysis (using business intelligence tools such as OBIEE (UM Analytics and other University reporting tools)
- Manage financial transactions for a diverse portfolio of non-sponsored and sponsored accounts, including verifying and using appropriate accounting, completing reconciliations, reviewing and approving/denying transactions, initiating and entering corrections, and recommending action. Funding sources include state allocations, foundation scholarships, endowments, internal and external sales, and externally-funded grants.
- Provide assistance on budget development for programs, projects including activities related to student appointments and fees in lieu of tuition.
- Facilitate conversations and provide guidance to unit leadership regarding financial position and potential funding needs.
Budget monitoring and Financial Oversight - (Prepare and monitor, forecast and manage non-sponsored budgets. Includes auditing and reviewing financial transactions to ensure compliance with University Policy. Includes working with managers on comparisons and analyses for specific areas including student fees, supplies, staffing and other expenditures and revenues)
- Assist in the monitoring and completion of financial transactions
-Provide oversight and management of business processes (i.e., scholarships, internal/external sales, payroll accounting, reporting and data analytics). -Serve as a first-point-of-contact resource for process-related policies and procedures, interpretation, mentor new staff for the departments.
External Sales/Internal Sales – (Submit and monitor billing for external and internal sales contracts generated in the department)
-Assist CFO, provide team-wide management of annual budget sheets, create data as needed, serve as a first-point-of-contact resource for creating and managing excel, UM Analytics data, downloading data from University database and create pivot tables to extract specific information as requested by CFO and PIs.
-Provide accounting and financial training for department administrators, preparers and others as appropriate.
-Other tasks as assigned.
Payroll Accounting -Ensure accuracy of entered personnel and payroll transactions in payroll accounting and on abstracts, including consistency with appointment documentation and appropriateness of funding source. -Trouble shoot payroll transactions and recommend solutions including processing retros, updating distribution changes and work with payroll auditor and payroll administrators.
Bachelor's Degree plus at least four years of professional work or an equivalent combination of related education and professional accounting experience totaling 8 years.
Proficient using MS Office (Word, Excel) Google, and other business productivity programs.
BA/BS in Accounting or other related field
Experience using Business intelligence tools (such as Oracle OBIEE (UM Analytics), Tableau, Hyperion, and MS Access) to develop custom reports and dashboards.
Experience implementing process improvements in an existing accounting system.
Strong understanding of GAAP Accounting principles, especially as they apply to fund accounting in a governmental agency or institution of higher learning. Able to reconcile 75000complex reports and challenge potential issues based on knowledge of GASB, University and collegiate policies and procedures.
Experience with U of M PS/EFS accounting system or other major accounting/ERP Systems. Collaborative Skills - develops successful partnerships with faculty, staff, and administrative management in the departments, Dean’s office, and other constituents on campus.
Collaborative Skills - develops successful partnerships with faculty, staff, and administrative management in the departments, Dean’s office, and other constituents on campus.
Experience with the unique accounting and reporting challenges inherent in a clinical setting.
Oral and written communication - possess excellent communication skills when dealing with faculty, staff, colleagues, and external customers. Ability to interpret and explain University financial policies.
Professionalism and Time Management - uses time wisely to accomplish work duties. Displays good organization and prioritization skills.
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.