University of Illinois - Urbana, IL
posted 4 months ago
The Financial Accounting and Reporting Analyst position at the University of Illinois - Urbana-Champaign is a full-time role that operates under the general administrative supervision of an Associate Director within University Accounting Services (UAS). This position plays a crucial role in ensuring the proper application of fund accounting guidelines within a public university setting in the State of Illinois. The analyst will be responsible for overseeing university accounting processes, completing fund and bank reconciliations, and assisting with various accounting functions related to different fund types, including self-supporting funds. Additionally, the analyst will provide guidance to university units for the annual unrelated business income tax (UBIT) return and ensure compliance with university, state, and federal policies and guidelines. The role involves preparing and completing system-wide bank reconciliations, investigating any discrepancies, and ensuring that appropriate correcting entries are made. The analyst will also document procedural information to outline the accounting theory and procedural steps necessary for various operational accounting tasks. Furthermore, the analyst will assist in the review and approval of new Banner program codes to ensure compliance with the National Association of College and University Business Officers (NACUBO) guidelines and university policy. In addition to these responsibilities, the analyst will contribute to the university's annual UBIT return, participate in the year-end Fact Sheet process, and help identify and correct financial accounting errors. The position requires strong analytical skills to assess various Banner transactions and provide guidance on service plan funds and student enrollment deposit funds. The analyst will compile data for audit requests and prepare audit schedules related to self-insurance operating activity, contributing to special projects as assigned by management. Overall, this position is integral to maintaining the financial integrity and compliance of the university's accounting practices.