What are the responsibilities and job description for the Financial Analyst (Hybrid Opportunity) position at University of Massachusetts?
Financial Analyst (Hybrid Opportunity)
Job no : 525637
Work type : Staff Full Time
Campus : UMass Amherst
Department : UCard
Pay Grade : 26
Categories : Professional Staff Union (PSU), Accounting / Finance / Budget
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
Responsible for all reconciliation functions for the UCard Program, analytical system support including the design, preparation, review, and approval of all UCard account reconciliations and supports the accounting function within the Bursar's Office. The Financial Analyst uses their professional judgment in their role as liaison with the Controller's Office and other campus offices. Performs a wide range of detailed and complex accounting advisory functions to ensure compliance with Federal and State audit regulations. Must be able to handle multiple duties in an extremely fast paced environment.
Essential Functions
- Performs monthly financial accounting and reconciliation of liability and revenue accounts for the Bursar's Office and UCard program. This includes the UCard debit liability account, UCard operating account, UCard R&R account and the Bursar's Office Student Scholarship account.
- Calculates and disburses UCard Debit sales to on-campus merchants on a monthly schedule through journal entry. Provides monthly sales reports to merchants as well as financial advice and support to departmental business managers related to sales, fees and reimbursements. Invoice and recharge departments as needed.
- Support the ecommerce tool Commer Manager to process online payments as a solution to student and department needs. This support includes development and maintenance of updates to the general ledger system, reconciliation of payment activity, and serving as a reference for departments who need guidance.
- Responsible for a variety of complex reporting needs. Provides analytical support for the Bursar's Office for all fiscal processes. Develops and monitors business statistics to provide trend analysis to be used in business process design decisions, including developing and providing monthly trend analysis reports for the Bursar's reference. Develops reports using query and other tools to meet the needs of auditors as they relate to internal controls and year-end audit requirements.
- Provides budgetary support for the Bursar's Office and UCard Program. Monitors and assists in the development of revenue and expenditure budgets.
- Maintains all financial databases used to support and streamline Bursar and UCard business processes.
Other Functions
Minimum Qualifications (Knowledge, Skills, Abilities, Education, Experience, Certifications, Licensure)
Preferred Qualifications (Knowledge, Skills, Abilities, Education, Experience, Certifications, Licensure)
Physical Demands / Working Conditions
Additional Details
Work Schedule
Salary Information
Level 26
PSU Hiring Ranges
Special Instructions to Applicants
Please complete online application and provide contact information for (3) three professional references.
UMass Amherst is committed to a policy of equal opportunity without regard to race, color, religion, caste, creed, sex, age, marital status, national origin, disability, political belief or affiliation, pregnancy and pregnancy-related condition(s), veteran status, sexual orientation, gender identity and expression, genetic information, natural and protective hairstyle and any other class of individuals protected from discrimination 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 UMass Amherst to comply with the applicable federal and state statutes, rules, and regulations concerning equal opportunity and affirmative action.
Advertised : Feb 06 2025 Eastern Standard Time
Applications close : May 09 2025 Eastern Daylight Time
