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Accounting Associate - Budget & Financial Analysis
Chicago, IL
Job Description
Accounting Associate - Budget & Financial Analysis
Accounting Associate - Budget & Financial Analysis
Hiring Department: Budget & Financial Analysis
Location: Chicago, IL USA
Requisition ID: 1024896
Posting Close Date: May 22, 2024
Salary Range: $65,000 - $85,000
About the University of Illinois Chicago
UIC is among the nation's preeminent urban public research universities, a Carnegie RU/VH research institution, and the largest university in Chicago. UIC serves over 34,000 students, comprising one of the most diverse student bodies in the nation and is designated as a Minority Serving Institution (MSI), an Asian American and Native American Pacific Islander Serving Institution (AANAPSI) and a Hispanic Serving Institution (HSI). Through its 16 colleges, UIC produces nationally and internationally recognized multidisciplinary academic programs in concert with civic, corporate and community partners worldwide, including a full complement of health sciences colleges. By emphasizing cutting-edge and transformational research along with a commitment to the success of all students, UIC embodies the dynamic, vibrant and engaged urban university. Recent "Best Colleges" rankings published by U.S. News & World Report, found UIC climbed up in its rankings among top public schools in the nation and among all national universities. UIC has nearly 260,000 alumni, and is one of the largest employers in the city of Chicago.
This is a full-time and benefits eligible position. Hybrid and flexible work schedules are available. UIC offers competitive salaries commensurate with experience. In addition all full time benefits eligible positions include a comprehensive benefits package which include; Health, Dental, Vision, Life, Disability & AD&D insurance, a defined benefit pension plan as well as paid leave which includes; Vacation, Holiday and Sick. In addition we offer tuition waivers for employees and dependents. Click for a complete list of Employee Benefits.
Description:
The Office of Budget and Financial Analysis is the principal staff arm of the Chancellor and Provost in the areas of financial planning, budget and financial policy analysis, and fiscal administration. In this capacity, the office analyzes policies and programs, assists in determining campus priorities and strategies, guides the annual budgetary process, and monitors fund allocations. Under the direction of the Associate Director, the Accountant Associate is an integral member of the office team responsible for developing and managing the annual budget. This position has three specific areas of job duties: Budget Development, Resource Planning & Accounting Analysis (60%), Accounting for the Contract Programs/Shorelight Education Contract (20%), Special Projects/Financial, Administrative & Operational Support (20%), The Accounting Associate applies professional-level accounting expertise in the management and/or administration of all budgeting processes and performs professional.
Duties & Responsibilities:
- Developing an understanding of the mission/unique aspects of assigned units.
- Partner with the unit's fiscal staff to develop and update annual budget meeting documentation to properly demonstrate financial viability and identify weaknesses.
- Evaluate proforma funding requests for strategic initiatives and program proposals to formulate recommendations to senior management regarding the commitment of campus resources.
- Provides technical advice and services to units or campus leadership and/or operating managers, interpreting accounting reports, identifying problem areas, developing innovative solutions, and implementing strategies.
- Draft and track memoranda of understanding for the commitment of campus funds. Validate compliance with terms and conditions; allocate funding and follow-up to verify that allocated funds are spent as specified in agreements.
- Provides expert technical advice to management and administration on complex accounting or financial issues. Recommends actions or alternatives to be taken by management based on accounting or other financial data.
- Provides administrative direction in developing comprehensive accounting or financial systems, policies, and procedures and ensures compliance with applicable rules and regulations. Manages or assists in managing the development, adaptation, and revision of specialized accounting or financial systems to meet the needs of an institution/agency.
- Analyze and manipulate financial data from office and university systems to generate reports and disseminate them across campus departments on an ad-hoc and scheduled basis.
- Handle the financial reconciliation and allocations. Reimbursement and analysis related to the UIC Global program/Shorelight Education contract in accordance with contract terms and conditions and prescribed procedures.
- Address inconsistencies and errors in data, validate invoices and allocations before processing, and be a key resource for questions related to the data and reports from UIC and Shorelight staff.
- Participate in discussions and provide analysis of proposed program adjustments or new programs to determine if they are financially viable.
- Provide ad-hoc or recurring special projects that may include but are not limited to, building reports in Microsoft Access, such as faculty program periodic confirmation of employment, assist with analysis of various University programs, such as GEO, Medicare, and Faculty programs.
- Provides administrative direction in developing comprehensive accounting or financial systems, policies, and procedures and ensures compliance with applicable rules and regulations. Manages or assists in managing the development, adaptation, and revision of specialized accounting or financial systems to meet the needs of BFA.
- Draft and maintain standard operating procedures for all assigned unit tasks. Participate in drafting standard operating procedures for all key tasks handled by BFA.
- Process FABweb entries / bi-annual inventory. Perform other related duties, work on special projects, and/or participate on campus-committees as assigned. Handle information that is sensitive and confidential such as financial, student, and employee data.
Minimum Qualifications Required:
1. A. Bachelor's degree with a major in Accountancy or a related field AND two (2) years of professional level accounting experience.
OR
B. Possession of current registration as a Certified Public Accountant (CPA), Certified Management Accountant, or a valid license to practice Public Accounting (LPA).
OR
C. Master's degree in Accountancy or a related field.
To Apply: For fullest consideration click on the Apply Now button, please fully complete all sections of the online application including adding your full work history with specific details of your duties & responsibilities for each position held. Fully complete the education, licensure, certification and language sections. You may upload a resume, cover letter, certifications, licensures, transcripts and diplomas within the application.
Please note that once you have submitted your application you will not be able to make any changes. In order to revise your application you must withdraw and reapply. You will not be able to reapply after the posting close date. Please ensure the application is fully completed and all supporting documents have been uploaded before the posting close date. Illinois Residency is required 180 days of employment.
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.
The university provides accommodations to applicants and employees. Request an Accommodation
Looking for more University of Illinois positions?
We invite you to search for positions at each of the University of Illinois locations, the University of Illinois System Office and the University of Illinois Foundation. The University of Illinois System Office supports the primary missions of teaching, research, public service, and economic development for all of the Universities and offers positions in all locations. The University of Illinois Foundation is the official fundraising and private gift-receiving agency for the University of Illinois and also offers position in all locations. Click the links below to search for other University of Illinois positions.
University of Illinois Urbana-Champaign
University of Illinois Springfield
University of Illinois System Office
University of Illinois Foundation
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.
To apply, visit https://uic.csod.com/ux/ats/careersite/1/home/requisition/9484?c=uic
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The University of Illinois may conduct background checks on all job candidates upon acceptance of a contingent offer. Background checks will be performed in compliance with the Fair Credit Reporting Act.
The University of Illinois Chicago is an affirmative action, equal opportunity
institution/employer and does not discriminate on the basis of race, color, national origin, sex, religion, age, sexual orientation, gender identity, veteran or disability status, height, weight, or marital status in employment or the provision of services.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
2 years
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