Sr Reporting Accountant

The University of Minnesota is seeking a Senior Financial Reporting Accountant to support the debt management operations by performing a wide range of complex financial analyses and financial accounting duties of the University's external debt and internal loan and banking programs. This position will be a key member of the Debt Management team responsible for the tracking and executing debt related transactions and internal charges within the University's enterprise system, ensuring reconciliation procedures are performed and system processes are correct. The Senior Financial Reporting Accountant will also provide support with efforts related to the University issuance of debt in the debt capital markets and required post issuance compliance. This position will report to the Director of Debt Management with a dotted line to the Department of Accounting Services as job duties require.

Salary: $75,000 - $85,000, DOQ

Work Environment: Hybrid (Onsite 2-3 days a week)

Job Responsibilities

Accounting Responsibilities (50%)

• Complete analysis and reconciliation of debt-related balance sheet funds and accounts and execute journal entries as needed.
• Ensure complete execution of internal loan and internal banking programs through the preparation and analysis of monthly, quarterly, or annual schedules for debt, internal loan and internal banking programs. Prepare and execute journal entries as required.
• Validate all transactions related to University debt and analyze the ending general ledger balance sheet accounts related to debt.
• Review and validate all debt accounts with the University's custodial bank, bond issuance documents, and general ledger balance sheet amounts.
• Prepare any necessary journal entries to record monthly debt draws or interest transactions or any other reconciliation adjustment.
• Support the annual external financial audit by preparing internal and external deliverables (schedules, footnotes and other analysis workpapers) related to the debt portion of the financial statement, including the preparation of audit schedules, footnotes and supporting documentation.
• Assist with the oversight, simplification or design of key accounting processes and responsibilities as well as the development and implementation of changes in related debt accounting policies and procedures to ensure compliance with accounting principles (including implementation of applicable GASBs) and other external regulations.
• Promote organizational excellence by collaborating with departments to resolve any unrecorded transactions.
• Collaborate with Accounting Services on chart of accounts changes and accounting practices for various University debt and capital financing activities.
• Monitor and review all PeopleSoft assigned balances processed transactions as needed to ensure accurate and consistent reporting and reconciliation activity.

Debt Management Responsibilities (50%)

• Assist in the preparation and input into PeopleSoft of the annual budget for the Debt Management operating chart strings and bond funds.
• Assist in the preparation of annual continuing disclosure reports related to the University's external debt in accordance with the Securities and Exchange Commission Rule 15c2-12.
• Coordinate updates to relevant content on the Debt Management website.
• Assist in the preparation of debt amortization schedules, financial memorandums and maintain required documentation related to the internal loans and internal banking programs.
• Assist in the computation of the fiscal year internal debt service charges.
• Assist with specialized and ad hoc debt and capital financing forecasts and analyses as needed.

Other duties as assigned.

Qualifications

Required Qualifications (please document on the resume):

• Bachelor's degree plus four (4) years of experience in accounting, debt management, treasury, finance or related experience OR a combination of related education and work experience to equal eight years.
• Experience with financial accounting, reporting and analysis.
• Familiarity with generally accepted accounting principles (GAAP) and application of accounting standards (e.g., GASB and NACUBO reporting requirements).
• Strong interest in creating analytical narratives for the benefit of senior staff.
• Demonstrated proficiency with spreadsheets, databases, or other query tools and financial systems.
• Demonstrate heightened attention to detail.
• Ability to maintain relationships with both internal and external communities.
• Ability to work effectively as a member of a team.

Preferred Qualifications (please document on the resume):

• Financial analysis and modeling skills.
• Exposure to municipal/public finance or institutional capital planning a plus.
• Ability to complete work in an organized fashion.
• Ability to work with a high volume of information or data.
• Possess excellent time management skills with the ability to prioritize workload and complete it in a timely manner.
• Strong verbal and written communication skills.
• Excellent customer service skills in a diverse, decentralized environment.
• Experience with ERP systems (PeopleSoft/Oracle, SAP).

About the Department

Debt Management: The University issues debt to fund various capital projects, including land and building purchases. The issuance process and post-issuance compliance is the responsibility of this office. Internal guidelines have been established to ensure that each debt transaction of the University is completed in the most effective and professional manner, and in accordance with the highest standards of the industry and governmental practices.

Benefits

Working at the University

At the University of Minnesota, you'll find a flexible work environment and supportive colleagues who are interested in lifelong learning. We prioritize work-life balance, allowing you to invest in the future of your career and in your life outside of work.

The University also offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

Please visit the Office of Human Resources website for more information regarding benefits.

How To Apply

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

Diversity

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Employment Requirements

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

About the U of M

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America’s Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).