Senior Financial Analyst

PRIMARY RESPONSIBILITY:

Responsible for accounting and cash management functions that are relevant to general ledger accounting, gift processing, cash disbursements, auxiliary enterprises (commercial properties) and financial reporting in a professional team environment.

SPECIFIC DUTIES:

The following duties reflect management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned.  Specific responsibilities in a representative area of accounting or financial management may also be assigned.

  1. Provide direction and assistance to staff for day-to-day accounting and financial matters.
  2. Ensure accurate and timely general ledger accounting, gift processing, cash disbursements and financial reporting.
  3. Coordinate and lead projects as assigned by the Controller (or Supervisor).
  4. Act as liaison with UT stakeholders for accounting and financial matters.
  5. Work with development and other groups to provide recommendations that ensure accounting processes are administered appropriately while meeting donor wishes as well as Foundation and Financial Aid guidelines.
  6. May act as Accounting System Administrator for various financial software.
  7. Responsible for account reconciliations, accruals, and financial statements in compliance with generally accepted accounting principles (GAAP).
  8. May provide back up for Controller (or immediate supervisor) responsibilities in their absence.
  9. Perform accounting and analytical review functions, which may include cash, investments, receivables, fixed assets, accrued expenses, debt (covenants), cash flow, revenue and expenditures.
  10. Integral team member in the preparation and analysis of period-end reconciliation and analytical review of the financial statement information required for the annual audit with external independent accountants.
  11. Reconcile between Gift Processing database and Accounting General Ledger software. Investigate and correct system or human data input error with IT department.
  12. Perform monthly income allocations by allocating income to all endowed funds (approx. 2,000 accounts). Analyze and adjust allocation between Board Endowed and Permanently Endowed categories.
  13. Provide analysis and recommendations for various financial areas for improvement in process efficiency and performance.
  14. Understand components and perform quarterly reconciliations for Life Income Gifts (ex. CRUTS, CRATS). Annually perform an actuarial valuation for Life Income Gifts.
  15. Assist in the annual preparation of three required IRS Form 990 reports and two IRS Form 5500 reports.
  16. Provide strategic input and analysis to accounting functions to ensure success.
  17. Other duties as assigned.

QUALIFICATIONS:

  • Bachelor’s degree in accounting or finance required.
  • Minimum 7 years’ professional experience in accounting and/or financial management.
  • Advanced Excel skills using pivot tables, macro functions, and Excelerator
  • CPA preferred.
  • Supervisory or equivalent professional management experience preferred.
  • Strong knowledge of financial reporting systems.
  • Not-for-profit experience preferred.
  • Knowledge of higher education functions preferred.
  • Possess a thorough knowledge of GAAP and federal regulations as they relate to financial statement reporting.
  • The ability to learn and knowledgeably interpret the Foundation’s policies and procedures as they relate to financial statement reporting.
  • Must have the ability to work on multiple projects simultaneously.

PERFORMANCE STANDARDS:

  • Passion for the institution’s mission, traditions and long-term success. Consistently demonstrate the mission, vision and values of UTF and the University.
  • Our RITE Values – Respect, Integrity, Transparency & Teamwork, and Excellence.
  • Outstanding organizational skills that ensure timely completion of accounting responsibilities to meet monthly, quarterly, and annual reporting deadlines.
  • Strong analytical abilities to identify and resolve accounting issues.
  • Thorough understanding of accounting principles including fund accounting to ensure proper reporting.
  • Strong communication skills to provide clear direction and assistance to accounting staff; and provide proper communications to immediate supervisor.
  • Ability to identify areas of improvement, efficiencies, and other opportunities to improve the accounting area.
  • Demonstrate commitment and ability to:
  • Provide quality customer service.
  • Plan, organize and remain accountable for actions.
  • Problem solve utilizing critical thinking skills.
  • Function in a confidential manner.
  • Collaborate with other staff.

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The University of Toledo Foundation

The University of Toledo Foundation, an independent 501(c)3 organization, exists for the sole purpose of supporting The University of Toledo. The Foundation is the official gift-receiving and fund-management organization for the University. Our purpose is to support the University’s broad educational mission by receiving, managing, and distributing generous gifts to benefit students and enhance faculty and program efforts. The Foundation includes the Development, Alumni Relations and Advancement functions. Through its subsidiary, the UT Real Estate Corp., the Foundation also manages off campus real estate matters for the University. The Foundation embraces the mission of The University of Toledo by aspiring to be a forward-thinking, philanthropic organization, providing impactful financial support and engagement opportunities for transformation throughout the University community.

Equal Employment Opportunity Statement

The University of Toledo Foundation is an equal opportunity, affirmative action employer. The University of Toledo Foundation does not discriminate in employment or activities on the basis of race, color, religion, sex, age, ancestry, national origin, sexual orientation, gender identity and expression, military or veteran status, disability, familial status, or political affiliation. The Foundation is dedicated to the goal of building a culturally diverse and pluralistic faculty and staff committed to teaching and working in a multicultural environment and strongly encourages application from women, minorities, individuals with disabilities, dual-career professionals and covered veterans. The Foundation provides reasonable accommodations to individual with disabilities. If you require accommodation

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