East Lansing, Michigan
University Center, Michigan
Mount Pleasant, Michigan
Traverse city , Michigan
Grand Rapids, Michigan
Ann Arbor, Michigan
Posted: 06-Jan-23
Location: Ann Arbor, Michigan
Salary: Open
Internal Number: 228773
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.
This position provides financial and strategic services and support to Auxiliary units (Housing, Dining, UHS, Unions, and Conferences & Events) that are part of the Student Life Budget and Finance (SLBF) department. Responsibilities include the preparation of budgets, financial planning, financial reporting, variance analysis, long-range forecasting, and support to fiscal operations.
Budget Preparation and Analysis - 10%
- Assist the Finance Lead with the preparation and distribution of Auxiliary unit annual budget files and supporting documentation.
- Prepare supporting schedules, research variances, confirm annual cost allocations with various departments within Student Life and validate information as requested by the Finance Lead, Director of Finance, and other Student Life Directors.
Financial Reporting, Accounting and Analysis - 50%
- Support the preparation of monthly/quarterly/annual financial statements and projections including variance analysis, budget comparison and written narratives, to be reviewed by the SLBF Finance Lead and presented to Student Life Senior Management.
- Collaborate with the SLBF Finance Lead and coordinate the monthly accounting transactions between Auxiliary units and other University departments. Accounting transactions include preparing and uploading service unit billings and journal entries to support SLBF accounting processes.
- Review monthly Statement of Activity reports and reconcile revenues and expenditures, and validate accounting practices.
- Prepare accurate notes to the financial statements (income statement, balance sheet, cash flow). Prepare monthly and year-end journal entries, key performance indicator reports, monthly and quarterly profit and loss reports, and monthly sales tax reports.
- Participate in preliminary review of internal control reports (GAP analysis). Report findings to leadership and work with departments to resolve gaps or issues.
Financial Management - 30%
- Reconcile the Position Control/Head Count on a monthly basis and adjust appointments with HR, update budget notes, and send out the monthly Position Control Report to managers and directors.
- Coordinate with managers and directors to resolve any outstanding accounting and financial issues, including the budget, FTE (Position Control/Head Count), and financial reports.
- Responsible for all service unit billings related to internal re-billing.
- Assist with the development and tracking of key performance indicators.
- Assist with the development of proformas and other financial models to support financial decision-making.
- Stay informed of all Standard Practice Guide (SPG) and internal control (GAP) changes that may affect the preparation and accuracy of the Financial Statements.
- Accountable for compliance with GASB, Sarbanes-Oxley, and other regulatory guidance, as applicable.
Other - 10%
- Serve as a customer service key contact.
- Participate in University, Student Life, and SLBF committees and workgroups, as assigned.
- Collaborate with Budget & Finance leadership to automate reporting and streamline processes wherever possible.
- Prepare analysis as requested for special studies.
- Bachelor’s degree in Accounting, Finance, Economics, or Business, or equivalent business experience.
- Minimum of 3-5 years of accounting/finance professional experience.
- Bachelor’s degree in Accounting, Finance, Economics, or Business.
- Previous working experience in higher education in Accounting or Finance.
- Familiarity with University of Michigan’s accounting systems, policies, and procedures.
- Proficient in the use of Windows based programs.
- Intermediate Excel skills – Pivot Tables, V-lookup, etc.
- Experience developing reports using Business Objects.
Position Criteria:
- Proven expertise working with spreadsheets and databases.
- Strong attention to detail, accuracy and timeliness.
- Demonstrated ability to handle confidential information appropriately.
- Demonstrated strength in the following competencies:
- Organizational skills (independently set priorities, manage multiple tasks, & meet multiple deadlines)
- Critical thinking/analytical skills
- Problem solving
- Interpersonal savvy
- Customer service
- Communication – written and verbal
- Collaborative
Working conditions
There is the possibility for a hybrid work opportunity. The primary office for this position is in the Northwood Community Center, located on the North Campus of the University of Michigan.
This role may have reporting obligations under Title IX and Clery.
Authorization to work in the U.S. is a precondition of employment and applicants for this position will not be sponsored for work visas.
Salary may vary depending on qualifications, experience, and education of the selected candidate.
Relocation will not be offered for this position.
#studentlife
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening 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.
U-M COVID-19 Vaccination Policy
COVID-19 vaccinations, including one booster when eligible, are required for all University of Michigan students, faculty and staff across all campuses, including Michigan Medicine. This includes those working remotely and temporary workers. More information on this new policy is available on the U-M Health Response website or the UM-Dearborn and UM-Flint websites.