Finance Professional 3 - Department of Medicine

About The Job

This Finance Professional 3 position is an integral component of the 13 person accounting team of the Medicine Administrative Center. This position has the ability to work 100% remote or hybrid. Employees will be expected to attend up to two in person workshops per year, which take place in Minnesota. Employees will be responsible for covering for any travel costs that may be incurred while attending the in person workshops.

Responsibilities

• 45% Research Accounting:
  • Determining appropriate payroll percentages for labor charging and effort certification and entering them in a timely manner.
    • Auditing and approving expenditures, ensuring compliance with University and sponsor policies.
      • Developing financial projections and working with faculty and/or staff to research the source and cause of discrepancies in accounting systems.
        • Assist with renewals and closeout of projects.
• 35% Budget Analysis & Reporting:
  • Reviews and distributes monthly sponsored and non-sponsored reports based upon established deadlines.
    • Proactively analyze reports and trends, inform and partner with faculty to develop financial plans and/or find alternative funding sources.
  • Support annual budget process for assigned division.
• 15% Certified Approver & Effort Certification:
  • Audit and approve expenditures on sponsored research projects.
    • Interpret grant and contract regulations and their relation to University accounting procedures, identifies areas of concern and recommends solutions.
  • Provide departmental expertise on expenditure requirements and policy.
    • Coordinate the effort certification process.
  • Review effort statements and work with faculty to resolve discrepancies.
• 5% Process Improvements & Miscellaneous Analysis:
  • Act as a backup to support other team members.
    • Serve as a departmental representative on Medical School and/or central committees.
  • Provide data and recommendations to managers regarding account and/or fund balances, budgeting practices and accounting functions.
    • Coordinate activities with project leaders, financial staff and outside agencies.
  • Other projects as assigned.

Qualifications

• All required qualifications must be included in the application materials.
  • BA/BS plus at least 4 years of experience or a combination of related education and work experience to equal eight years.
• Prior experience with financial reporting and analyses.
• Proficiency with Excel.
• Demonstrated ability to work independently as well as effectively in formal and informal team arrangements.
• Certified Approver or the ability to obtain within one year.
• Preferred Qualifications:
  • Project accounting, preferably with sponsored research accounting.
• Experience with the University of Minnesota financial management information systems and EFS Peoplesoft accounting system, or accounting/fiscal experience in a public, comprehensive higher education institution with considerable knowledge of administrative policies and procedures typical of a public institution of higher education.

Pay And Benefits

Pay Range: $75,000-$93,000; depending on education/qualifications/experience
Time Appointment: 100% Appointment
Position Type: Civil-Service & Non-Faculty Labor Represented Staff
Please visit the Office of Human Resources website for more information regarding benefit eligibility.
The University Offers a Comprehensive Benefits Package That Includes Competitive wages, paid holidays, and generous time off
Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
Low-cost medical, dental, and pharmacy plans
Healthcare and dependent care flexible spending accounts
University HSA contributions
Disability and employer-paid life insurance
Employee wellbeing program
Excellent retirement plans with employer contribution
Public Service Loan Forgiveness (PSLF) opportunity
Financial counseling services
Employee Assistance Program with eight sessions of counseling at no cost
Employee Transit Pass with free or reduced rates in the Twin Cities metro area
While our salary ranges provide a framework, it is important to note that most of the time, the initial pay may not reach the maximum of the range. This approach ensures that compensation reflects the value and unique contributions of each candidate while maintaining equity within our organization. As part of our commitment to fair and equitable compensation, please be aware that the salary offered to incoming candidates will be based on their individual credentials and experience.

How To Apply

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume. Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section. To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

About University Of Minnesota

The University of Minnesota, Twin Cities (UMTC) The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

About The U Of M Medical School

Committed to innovation and diversity, the Medical School educates physicians, scientists, and health professionals; generates knowledge and treatments; and cares for patients and communities with compassion and respect. We value excellence, inclusiveness, collaboration, and discovery. The mission of the regional campus located in Duluth is to be a national leader in improving healthcare access and outcomes in rural Minnesota and American Indian/Alaska Native (AI/AN) communities. In partnership with CentraCare, the regional campus in St. Cloud offers a wide range of patient experiences throughout students’ education in Greater Minnesota and prepares them to become exceptional clinicians and leaders for rural and immigrant populations. Founded in 1888, the University of Minnesota Medical School has three campuses. A four-year MD program and the MD/PhD program are located on the Twin Cities campus in addition to MD programs at regional campuses in Duluth and St. Cloud.