Finance Professional 3

Job Description

Date: April 2025
Job Classification: 8223FG, Finance Professional 3
Position #: 217187
Supervisor: Finance Analyst

Department Overview:
The position is within University Services Finance which oversees all financial activities within University Services, a division of the University of Minnesota responsible for campus operations, including Facilities Management, Capital Project Management, Health and Safety, Planning, Space and Real Estate, Public Safety, and Auxiliary Services. The finance department is responsible for rate development, capital budgeting, accounts payable/receivable, general budgeting, payroll, financial analysis and reporting, legislative reporting, utility accounting, project accounting, debt compliance and general problem solving.

Position Description:
This position is responsible for various daily financial operations supporting the Housing & Residential Life (HRL) department of Auxiliary Services. This includes reporting and analyzing monthly financial results; analyzing account balances and expense projections; recommending solutions for areas of concern while ensuring compliance with policy and reporting requirements; identifying cost savings and process improvement opportunities; determining and implementing best practices; maintaining the chart of accounts; and conducting special assignments and projects.

The position requires an advanced level of problem solving, decision making, independent judgment, and initiative. The employee in this role should be able to work and succeed independently.

University Services Finance endorses a "work with flexibility" approach. Work location options for this position include working partially remote or entirely in the office and are based on the work of the position.

Duties and Responsibilities:
Accounting and Financial Support - 40%
Perform a variety of high level accounting functions. Monitor and reconcile accounts, balances and fund usage for compliance with financial policies.
* Oversees general ledger accounts and fund balances, researches discrepancies and resolves accounting issues.
* Review and approve expense transactions in the Enterprise Financial System (EFS).
* Prepare financial transaction documentation for entry into EFS.
* Maintain internal financial systems and processes.
* Work with the HRL operational staff on best purchasing practices and processes includes training new staff on UMarket, MyWallet and purchase order requests.
* Assist with various internal audits of business operations to ensure compliance.

Financial Reporting and Analysis - 35%
Analyze non-sponsored revenue, expense and balance sheet accounts. Review, interpret and apply university and departmental policies and procedures; and identify areas of concern.
Prepare detailed financial analysis utilizing historical data and recommend a course of action to the supervisor. Develop reports for managers with recommendations regarding account and/or fund balances, budgeting practices and accounting functions.

* Prepare monthly operating statements, analyze significant budget variances and/or identify trends, document variances in statement notes.
* Research transactions, prepare necessary journal entries, and provide analysis notes on reports.
* Maintain and develop various reports for HRL managers.
* Recommend, document and implement improvements to departmental procedures.

Annual Budgets and Year End Close - 15%
Prepare detailed and complex financial analysis for non-sponsored accounts utilizing historical data; identify gaps between projected expenses, identify financial issues and recommend solutions based on financial, statistical, and operational information.
* Develop expense projections based on previous activity and business knowledge of operations. Compile budget data into reports for review by management staff.
* Analyze year-end expenses and assist with preparing closing entries.
* Prepare budget and year-end reports for Auxiliary Services, University Services and Controller's Organization.

Other essential functions - 10%
* Attend department meetings and participate on assigned project teams.
* Attend professional development courses and workshops.
* Provide back-up support to HRL Finance team members and other Auxiliary Service departments.
* Other duties as assigned

Minimum Qualifications: (Knowledge, skills and abilities)
* BA/BS plus four years of Accounting experience or a combination of related education and relevant accounting experience to equal eight years.
* Knowledge and experience with integrated general ledger database systems and computerized operating statements.
* Computer proficient - including database usage, develop and maintain Microsoft Excel spreadsheets, database query, writing and report writing skills.
* Analytical skills including financial projection, assisting with budgeting, and statement preparation.
* Demonstrate ethical behavior in conducting all responsibilities in this position.

Preferred Qualifications: (Knowledge, skills and abilities)
* BA/BS in Accounting, Finance, or related field.
* Strong computer-based experience with integrated accounting database systems.
* Advanced Microsoft Excel skills.
* Demonstrate excellent attention to detail in both written and verbal communication.
* Experience with University of Minnesota's accounting and business procedures and software systems (EFS - Enterprise Financial System).

Pay Range: $70,000-75,000; depending on education/qualifications/experience

Time Appointment Category: 75%-100% Appointment (If job description above does not specify appointment or expected weekly hours, assume a 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

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.

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

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.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).