Financial Accountant

Primary Work Location (City/State/Home): Shrewsbury, MA Normal Work Schedule: Standard: Monday –Friday 8:30a-5:00p (or alternative schedule approved by supervisor).     Job Summary: Under the direction of the Associate Controller, the Senior Financial Accountant is a seasoned, experienced professional. The Senior Financial Accountant uses a full understanding of professional accounting concepts and accounting practices to resolve complex assignments, including analysis of data that requires a review of a variety of factors from multiple sources. Exercises judgment using professional knowledge and experience to determine appropriate action. Additional responsibilities include asset management for the President’s Office (PO) and sponsor/customer maintenance for the University. Essential Functions:
  • Work independently and collaboratively as part of a team; successful experience exchanging ideas, information, and opinions with others to reach solutions.
  • Prioritize workload to meet deadlines in an environment of multiple projects and changing priorities.
  • Demonstrated interpersonal skills to establish and maintain effective working relationships with clients and other members at UMass President’s Office and the campus locations and to respond positively and proactively to customer service needs and problems.
  • Meticulous attention to detail as demonstrated by the ability to consistently prepare and review financial transactions, ensuring correct coding of data and discerning data anomalies with a high degree of accuracy.
  • Ability to independently gather, organize, and perform accounting related analysis.
  • Ability to present information in a clear and concise manner both in writing and verbally.

Financial analysis essential functions:

  • Assist in the preparation of the University quarterly financial data and assist with preparation of annual University financial statements.  Instructs and advises campuses in preparing materials for consolidated financial statements.  Prepares work papers, footnote disclosures and fluctuation analyses.
  • Perform complex and detailed reconciliations, close processes, research and critical analyses. Identify, prioritize, and resolve complex financial issues, which may span multiple areas; identify underlying issues; recognize exceptions; recommend solutions.
  • Gather and analyze financial information using queries, spreadsheets, databases and other reporting tools for trend analysis, forecasts and financial ratios.
  • Research possible solutions and make recommendations to department leadership based on audit comments and identified accounting issues.
  • Assist in identifying efficient and effective processing opportunities using PeopleSoft technology or feeder systems to enhance reporting and reduce manual applications/spreadsheet utilization and improve controls.
  • Analyze impact of accounting pronouncements related to Generally Accepted Accounting Principles (GAAP), Government Accounting Standards Board (GASB), and Statements of Auditing Standards (SAS).
  • Participate in critical analysis of existing systems and processes, identifying and implementing process improvement opportunities and improved internal controls opportunities; incorporate new regulations; recommend solutions that may require policy changes or new processes.
  • Maintain and reconcile assigned funds to general ledger.
  • Independently gather, organize, and perform accounting related analysis.
  • Meticulous attention to detail as demonstrated by the ability to consistently prepare and review financial transactions, ensuring correct coding of data and discerning data anomalies with a high degree of accuracy.

Asset management essential functions:

  • Develop and evaluate operating standards and procedures to safeguard the fixed assets of the PO. 
  • Ensure that fixed assets are recorded, tracked, valued, depreciated, inventoried and disposed of according to University Policy.
  • Develop a systematic process to evaluate obsolescence of fixed assets.
  • Advise personnel and all levels of management concerning compliance with University policy.

Sponsor/customer maintenance and non-sponsored billing/accounts receivable essential functions:

  • Setup new sponsor/customer/contacts requests and ensure all sponsors/customers/contacts setup in PeopleSoft have been screened and reviewed appropriately.
  • Perform sponsor/customer/contact maintenance to ensure data integrity and eliminate duplicate and erroneous data.
  • Perform quarterly screening on all active sponsors/customers via WatchDog and produce a report to document this process.
  • Assist in the setup and close out of awards/contracts and speedtypes.
  • Maintain a reconciliation of grants and non-sponsored cash payments to the general ledger to ensure all payments have been processed.
  • Aid in the development of accounts receivable and cash management policies and procedures, recommend improvements, and ensure compliance with internal control guidelines.
Other Functions:
  • Other related duties as assigned.
  • May act as a lead to train, coach, and review the work of other staff, as needed.
Minimum Qualifications (Knowledge, Skills, Abilities, Education, Experience):
  • Bachelor's degree in accounting or related field
  • Minimum of 2 years of public accounting experience
  • CPA professional certification
  • Strong knowledge of audit and internal control standards
  • Strong understanding of Generally Accepted Accounting Principles and the ability to interpret and apply advanced and complex accounting rules
  • Advanced proficiency in business applications, such as Microsoft Office; advanced Excel skills
  • Ability to independently gather, organize, and perform accounting analysis.
  • Thorough knowledge of financial transactions and financial systems, as well as related policy, accounting and regulatory compliance requirements.
Preferred Qualifications (Knowledge, Skills, Abilities, Education, Experience):
  • Experience with developing and documenting business procedures.
  • Knowledge of higher education industry
  • Experience with a multi-campus public institution
  • Experience with PeopleSoft
Working Conditions:
  • Requires occasional in-state travel to the President's Boston Office, the campuses in Amherst, Boston, Dartmouth, Lowell and Worcester.
  • May require periodic extended hours, nights and weekends, as necessary.
  • Typical office environment.
Additional Details:
  • This is a full time benefited position
  • No relocation assistance provided
  • Any job offer within the President's Office is specifically conditioned upon the potential candidate consenting to and successfully completing a background review and credit review.
  • Potential candidates will not be contacted for interviews until after the posting closes.