University of Illinois System · 13 hours ago
Financial Accounting and Reporting Analyst (Hybrid/Remote)
Urbana, IL
Full-time
Hybrid
Entry, Mid Level
$55K/yr - $62K/yr
2+ years expThe University of Illinois System is seeking a Financial Accounting and Reporting Analyst to assist in the application of fund accounting guidelines within a public university setting. The role involves oversight of university accounting processes, completing reconciliations, and ensuring compliance with various policies while providing support to university units.
Higher Education
No H1B
Responsibilities
Assist with accounting issues related to the management of gift funds to ensure compliance with the applicable rules and regulations. This includes (but is not limited to) reviewing and processing requests for new gift funds and working with departments to ensure compliance with donor intent restrictions and fund accounting guidelines. This helps ensure donor intent compliance and accurate financial reporting for the University of Illinois System. (50%)
Document procedural information outlining the accounting theory and procedural steps necessary to complete various tasks related to gift funds and other essential operational accounting tasks. This is an important task to create essential documentation that contributes towards the documentation of institutional knowledge. (10%)
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. (10%)
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. (10%)
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. (5%)
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. (5%)
Compile data and supporting documentation to fulfill audit requests from external auditors, both in preparation for and during the annual external financial statement audit. (5%)
Perform other duties as assigned which would be appropriate for a Financial Accounting and Reporting Analyst within UAS. (5%)
Qualification
Required
Bachelor's degree with a major in Accountancy or a related field AND two (2) years of professional level accounting experience
Possession of current registration as a Certified Public Accountant (CPA), Certified Management Accountant, or a valid license to practice Public Accounting (LPA)
Master's degree in Accountancy or a related field
Proficient computer skills and advanced knowledge of applicable computer systems
Ability to produce accurate, detail-oriented work related to financial matters within a higher education setting
Ability to enforce various applicable policies and regulations while still providing superior customer service
Ability to use creativity in problem-solving and ability to exercise independent professional judgment and discretion
Ability to propose ideas that improve and/or maintain the effectiveness of daily financial operations
Strong verbal and written communications skills to effectively present information and respond to requests for guidance and/or clarification
Ability to address and resolve challenging accounting issues and strong interpersonal skills to establish and maintain effective working relationships
Ability to meet deadlines
Preferred
Certified Public Accountant (CPA)
Certified Internal Auditor (CIA)
Certified Management Accountant (CMA)
Benefits
Health, Dental, Vision, Life, Disability & AD&D insurance
A defined benefit pension plan
Paid leaves such as Vacation, Holiday and Sick
Tuition waivers for employees and dependents
Company
University of Illinois System
The University of Illinois System is the state's flagship public university system. The three distinct universities in Urbana-Champaign.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Christy Quinn Devocelle
Chief Operating Officer, CFO, SVP and Treasurer
Amanda Bubonic
Talent Management Partner
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2025-10-23
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