Financial Compliance Analyst

Job description

Job no: 507107
Work type: Staff Full Time
Location: UMass Amherst
Department: Controller's Office
Union: Non-Unit Exempt
Categories: Business & Financial Services

About UMass Amherst

UMass Amherst, the Commonwealth's flagship campus, is a nationally ranked public research university offering a full range of undergraduate, graduate and professional degrees. The University sits on nearly 1,450-acres in the scenic Pioneer Valley of Western Massachusetts, and offers a rich cultural environment in a bucolic setting close to major urban centers. In addition, the University is part of the Five Colleges (including Amherst College, Hampshire College, Mount Holyoke College, and Smith College), which adds to the intellectual energy of the region.

Job Summary

Under the direction of the Audit and Grant Compliance Manager, the Financial Compliance Analyst assists to execute risk-based financial compliance reviews to provide objective assurance that the internal control processes are effective, efficient and safeguard university assets. The Analyst assists to execute plans to evaluate financial compliance with federal, state, local, university and sponsor requirements. Using the results of the compliance reviews, the Analyst recommends and implements procedure changes, ensures proper communication of policies on webpages and other media, and works closely with campus departments to improve compliance with internal controls.

Essential Functions

  • Utilizing risk-based methodology, performs evaluations to assess the reliability of internal controls. Assists in designing procedures to select transactions for examination. Reviews transactions for compliance based on laws, regulations and guidelines from governmental agencies, external sponsors and the University.
  • Assists the Audit and Grant Compliance Manager in the documentation and communication of results of assessments and findings to departments and senior management. Assists in the recommendation of corrective actions and procedural changes to improve internal controls as needed.
  • Performs testing and evaluations of sponsor-funded transactions for allowability of costs and compliance with specific contract requirements and applicable OMB regulations.
  • Utilizes system reporting tools to create ad hoc queries of accounting data for transaction analysis. Maintains a central database of assessments including compiling investigations of other post audit activities to analyze for trends and patterns and to identify control weaknesses. Shares information and coordinates other Controller’s Office investigations to ensure proper coverage and to minimize duplication of efforts.
  • Assists the Audit and Grant Compliance Manager in the coordination and management of information provided to internal and external auditors.
  • Incorporates results of reviews to improve the effectiveness of the training materials and communicates policy to the campus community through the development of webpages.
  • Maintains knowledge and experience with the finance system(s) to recommend improvements and efficiencies and to strengthen internal controls. Assists with the implementation of financial system upgrades for functionality, efficiency and cost benefits.
  • Addresses financial compliance matters as they arise in daily operational activities and compliance with record retention requirements.
  • Understands, is committed to and supports affirmative action and non-discrimination goals and customer- focused quality services.

Other Functions

  • Performs other duties as assigned.

Minimum Qualifications (Knowledge, Skills, Abilities, Education, Experience, Certifications, Licensure)

  • Bachelor’s degree in Accounting or other related field and more than 3 years related experience.
  • Must demonstrate experience in management of complex automated financial systems and controls.
  • Experience in application of risk-based audit policies in highly regulated programs preferred.
  • Strong interpersonal and oral/written communication skills.

Salary Information

Non-Unit Exempt Level: 26

Exempt Salary Ranges

Special Instructions to Applicants

Along with your application, please submit a resume, cover letter, and contact information for three professional references by January 22, 2021 to ensure priority consideration. The position may remain open until filled.

UMass Amherst is committed to a policy of equal opportunity without regard to race, color, religion, gender, gender identity or expression, age, sexual orientation, national origin, ancestry, disability, military status, or genetic information in employment, admission to and participation in academic programs, activities, and services, and the selection of vendors who provide services or products to the University. To fulfill that policy, UMass Amherst is further committed to a program of affirmative action to eliminate or mitigate artificial barriers and to increase opportunities for the recruitment and advancement of qualified minorities, women, persons with disabilities, and covered veterans. It is the policy of the UMass Amherst to comply with the applicable federal and state statutes, rules, and regulations concerning equal opportunity and affirmative action.

Advertised: Jan 8 2021 Eastern Standard Time
Applications close:




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Job No:
Posted: 1/10/2021
Application Due: 4/10/2021
Work Type: Full Time