Financial Accounting & Reporting Analyst-Hybrid In State

Duties & Responsibilities Prepare and complete several of UAFR's system-wide bank reconciliations. This includes investigating any bank reconciling errors, reviewing appropriateness of transactions by both the banks and the university, communicating effectively with the appropriate parties regarding bank reconciliation items, and ensuring the proper correcting entries are made in Banner when applicable. This is an important task critical to the operations of the University of Illinois System. Document procedural information outlining the accounting theory and procedural steps necessary to complete various system-wide bank reconciliations and other essential operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge. Analyze various Banner transactions (such as invoice vouchers) to determine whether an accrual or deferral adjustment should be recorded to help ensure proper inclusion in the university's annual financial report. Participate in the Year-End Fact Sheet process, which is an important part of the university's year-end close process to convert cash-basis accounting activities to an accrual basis. This important task helps to ensure the accuracy of the university's annual financial report. Contribute towards the review and completion of supporting schedules for the university's annual Unrelated Business Income Tax (UBIT) return to ensure compliance with the applicable guidelines outlined by the Internal Revenue Service (IRS) and university policy. Help units in identifying financial accounting errors which need corrected (such as misclassified transactions on either the operating ledger or general ledger) and help teach Banner users how to correct these errors and how to avoid them in the future. This helps ensure more accurate financial statement reporting for the university. Provide guidance, oversight, and accounting expertise on service plan funds (such as the Medical Service Plan funds). This includes (but is not limited to) reviewing and processing requests for new Service Plan funds, serving as a point of contact for questions related to service plan funds, and helping document institutional knowledge and procedural instructions related to service plan funds. Provide guidance, oversight, and accounting expertise on issues related to student enrollment deposit funds. This includes reviewing student enrollment deposit funds for compliance with accounting guidelines, reviewing, and processing requests for the creation and/or termination of student enrollment deposit funds, and serving as a subject matter expert on student enrollment deposit funds to the university community. Compile data and supporting documentation to fulfill audit requests from external auditors, both in preparation for and during the annual external financial statement audit. Document procedural information outlining the accounting theory and procedural steps necessary to complete various operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge. Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS.