Accounting, Administrative Skills, Analysis Skills, Banking Services, Budget Management, Budgeting, Business Administration, Career Development, Childcare, Computer Systems, Customer Support/Service, Customer/Client Research, Data Processing, Expense Tracking, Federal Laws and Regulations, Finance, Financial Administration, Financial Aid, Financial Analysis, Financial Management, Financial Modeling, Financial Operations, Financial Policies, Financial Statements, Financial Transactions, Forecasting, Funding, General Ledger Accounting, Grant Administration/Management, Grant Writing, Graphics Software, Health Maintenance, IRB/IEC (Institutional Review Board/Independent Ethics Committee), Identify Issues, Industry Standards, Journal Entries, Maintain Compliance, Operations Management, People Management, Policy Implementation, Problem Solving Skills, Project Evaluation, Purchasing/Procurement, Reconciliation, Regulations, Reporting Skills, Research Administration, Resource Management, Spreadsheets, State Laws and Regulations, Sun Microsystems SPARC Processor, Training/Teaching, Transaction Processing/Management, University/School Policies
Department: MED-Office for Research (SPARC)
Salary/Grade: EXS/7
Job Summary:
The Financial Administrator 2 provides financial expertise and problem solving in support of the Sponsored Project and Research Catalyst's (SPARC) research programs and mission as a shared service model within NUFSM. This position will provide support across multiple units within FSM and will be directly responsible for the management of a complex multi-component study with multiple pilot awardees tracked on chartfields.
- Supports a university accounting-related area or program.
- Manages financial operations &/or analysis in support of area/units mission & in coordination with central offices such as HR, Budget, Financial Aid, Facilities, Purchasing, IT, Provost, etc.
- Reviews a portfolio of multiple schools/depts financial operations comprised of work that involves some complex problems &/or decisions.
- Implements existing policy & ensures the effective, compliant, & efficient completion of daily financial activities.
- Applies industry and professional standards, interprets university policy and procedure, federal and state laws, granting agency guidelines, and other regulations (as applicable).
- Represents &/or guides business area on internal &/or external financial affairs by exchanging information.
- Performs all aspects of post-award financial management for sponsored projects.
Specific Responsibilities:
Budget:
- Participates in determination of budget including fiscal resource allocation of appropriated, discretionary, endowment &/or gift revenues.
- Prepares analysis & reports.
- Provides account research.
- Assists with budget projects.
- Updates budget estimates & provides commitment tracking support for all financial activity.
- Ensures lead schedules are prepared.
- Guides units of responsibility through university budgeting and forecasting processes, reviews budget and forecasting submissions.
- Acts a Budget Office expert on units and functions within portfolio of responsibilities.
- Coordinates &/or provides information for the annual salary review process.
- Reviews & reconciles actual expenses to budget per NU Audit guidelines.
- Approves funds reallocation within budget as necessary & appropriate.
Analysis, Statements & Reporting:
- Creates daily, monthly, annual, &/or project end analysis & reports regarding area/unit, grants &/or awards, accounts, funds, payroll, expense &/or revenue allocation, customer service activity, etc.
- Prepares financial analysis and lead schedules for supplies, equipment, &/or personnel decisions.
- Records journal entries and creates reports.
- Performs financial account reconciliations, statement analysis, and transaction research.
- Provides support for annual audit workpapers and quarterly financial statement workpapers.
- Maintains, and updates financial models and analysis.
Transactions:
- Provides review and oversight of all types of financial transactions some of which may be complex in regard to size or duration of account.
- Enters individual &/or summary of transactions into journals &/or general ledger or other NU enterprise system.
- Reviews; ensures approval based on alternatives regarding practice & policy; analyzes and classifies transactions in accordance with established chart or coding of accounts; creates new accounts; prepares, processes, reconciles & provides receipts (as appropriate) for transactions.
- Processes transfer &/or appropriation charges & may balance &/or close accounts.
- Troubleshoots problems; performs vendor/account research as needed; obtains additional information from or provides instruction & guidance for customers/vendors; corrects or escalates.
- Maintains Chart of Account lists.
- Prepares & delivers bank deposits
- Accesses multiple banking systems to process transactions, retrieve information, &/or initiate wire transfers.
- Provides financial policy interpretation to determine the validity of customer requests & ensure compliance.
- Contacts outside agencies, banks &/or banking systems to obtain clarification of rules &/or regulations.
- Controls account availability for all chart strings.
- Provides support for internal &/or granting agency audit requests.
- Reviews status of related university accounts, transactions and processes; troubleshoots issues as needed.
Grants &/or Awards:
- Reviews PI funding status on a monthly basis.
- Works with Dept &/or Research Administrator regarding financial grants management issues.
- Provides data for grant proposals; submits proposals
- Develops &/or administers budgets; coordinates IRB/IACUC, OSR/ASRSP transactions, &/or effort reporting.
- Interacts with faculty, staff &/or funders to build relationships, transfer knowledge, &/or advise on research policies & procedures.
- Monitors commitments and expenditures to ensure compliance with granting agency guidelines.
- Verifies accurate set up of sponsored project accounts.
Administration:
- Processes & presents data & information through the application of database, graphic & spreadsheet software.
- Obtains data by downloading from enterprise systems; develops and runs queries.
- Identifies sources for data & information to be used & completes special financial projects such as (enter in explanation of special projects):
- Performs general office support activities
- Manages operation of or interaction with a computer system or system processes that support the area or program.
- Ensures that area service level goals are met.
Training:
- Provides training and support to related university units or program participants; maintains website and training materials
Supervision:
- Supervises temporary, part-time or work study students
- Provides work direction to others
- Supervises other employees
- Assists with hiring employees
Miscellaneous
Perform other duties as assigned
Minimum Qualifications: (Education, experience, and any other certifications or clearances)
- Successful completion of a full 4-year course of study in an accredited college or university leading to a bachelors or higher degree in a major such as accounting, business administration, finance, or related; OR appropriate combination of education and experience.
- 4 years financial, budgeting &/or preparing account reconciliations or financial statements along with financial analysis or other relevant experience.
Benefits:
At Northwestern, we are proud to provide meaningful and competitive benefits. The available benefits package for this position will include health, dental, vision, disability, and life insurance; paid vacation and holidays; paid medical/sick and parental leave; tuition benefits for the employee and dependents; pre-tax and flex spending accounts for commuting and dependent care; generous retirement savings options; and wellness programs. For a comprehensive overview of available benefits, including eligibility details, visit us at https://www.northwestern.edu/hr/benefits/index.html to learn more.
Work-Life and Wellness:
Northwestern offers comprehensive programs and services to help you and your family navigate life's challenges and opportunities and adopt and maintain healthy lifestyles.
We support flexible work arrangements where possible and programs to help you locate and pay for quality, affordable childcare and senior/adult care. Visit us at https://www.northwestern.edu/hr/benefits/work-life/index.html to learn more.
Professional Growth & Development:
Northwestern supports employee career development in all circumstances whether your workspace is on campus or at home. If you're interested in developing your professional potential or continuing your formal education, we offer a variety of tools and resources. Visit us at https://www.northwestern.edu/hr/learning/index.html to learn more.
Northwestern University is an Equal Opportunity Employer and does not discriminate on the basis of protected characteristics, including disability and veteran status. View Northwestern's non-discrimination statement. Job applicants who wish to request an accommodation in the application or hiring process should contact the Office of Civil Rights and Title IX Compliance. View additional information on the accommodations process.
Target hiring range for this position will be between $63,080 to $90,435 per year. Offered salary will be determined by the applicant's education, experience, knowledge, skills and abilities, as well as internal equity and alignment with market data.
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