Payroll Title: UCP IX
Class Code: 0940-9089
Job Family: FIS
FLSA Code: E
Under the general direction of designated supervisor or administrator, performs advanced accounting, auditing, budgeting and other fiscal analysis, in accordance with sound accounting practices and principles; and may be responsible for supervising specified accounting functions.
GUIDELINES FOR USING THE POSITION
For use in the University Accounting office, incumbents are expected to independently apply advanced accounting skills and knowledge of generally accepted accounting principles (GAAP) to a wide range of complex accounting issues, audit inquiries, and internal controls. This includes but is not limited to the statements issued by the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). Accounting skills and knowledge of fund accounting are required to determine classification into appropriate fund categories (i.e. unrestricted, restricted, endowment, loan, agency and plant funds). Incumbents may be responsible for supervising work of other accountants and serving as lead for assigned projects.
CHARACTERISTIC DUTIES AND RESPONSIBILITIES
- Analyzes plans and designs accounting systems and controls for all types of assets, liabilities and net assets, in accordance with all applicable laws and regulations and with sound accounting practices. Responsible for ensuring that these systems are coordinated with the appropriate University personnel and other state agencies.
- Performs extensive research applying GAAP using promulgations from the accounting profession such as GASB and FASB statements; utilizes appropriate research tools and publications; interprets and reports on the findings as related to the University; documents the findings in position papers; makes recommendations to senior management based on research performed.
- Recommends and drafts policies and procedures to enhance the internal controls of the department, other departments on campus and regional campuses.
- Provides outreach to other departments on campus and regional campuses to communicate policies, train the staff and ensures compliance through oversight of accounts, reconciliations, and various analyses.
- Monitors accounts to identify problems of expenditures or obligations and determines most suitable accounting procedures for resolving the issue. Analyzes variances in balance sheets and revenue and expense accounts between reporting periods, i.e. annual, quarterly and monthly, investigating significant or unusual changes and reporting these to senior management.
- Regularly answers questions and provides analyses and documentation to state, external and internal auditors
- Verifies funding availability and establishes accounts and budgets for projects assets and liabilities. Reconciles cash balances and resolve problems that may arise.
- Reconciles cash and budgets in the equipment accounts; closes out completed project accounts and re-budgets or invests the available funds within established guidelines when possible.
- Prepares and maintains up to date financial schedules of the University’s assets, liabilities and net assets
- Makes recommendations regarding reserve and investment funds. Coordinates or assists appropriate departments with determining future cash needs for liabilities and reserves.
- May oversee and supervise other accountants involved with different phases of accounting, including the preparation of complex financial reports, annual financial statements and corresponding footnotes as well as the state’s GAAP package.
- Serves as a resource in interpreting accounting policies, regulations and statutes.
- Performs related duties as required.
MINIMUM ACCEPTABLE QUALIFICATIONS
- Master’s degree in accounting or CPA and 5 years accounting experience; or Bachelor’s degree in accounting and 7 or more years of progressively responsible accounting experience.
- Comprehensive and advanced knowledge of generally accepted accounting principles and an ability to work independently and resolve complex accounting problems.
- Ability to produce, analyze and communicate comprehensive financial reports effectively to all levels of management, government and financial officials.
- Ability to assist in the development of accounting policies and priorities within established guidelines.
- Experience leading project based work.
- Excellent written and oral communication skills.
- Knowledge of computer financial reporting systems and computer applications.
OTHER DESIRABLE QUALIFICATION /SKILLS
- Two to three years of governmental accounting experience and higher education.
- Knowledge of FRS, FOCUS, Excel and other Microsoft Office products.
Date Created: 12/8/95