Financial Accountant I

JOB SUMMARY:

The Financial Accountant I is responsible for monthly and annual responsibilities related to general ledger and financial reporting. Essential duties include analyzing and preparing timely and accurate reports in relation to cash management, accruals, amortization of prepaid invoices, interdepartmental transfers, appropriation revenue, and numerous general ledger account reconciliations as needed. Work is performed under general supervision in a team setting, with latitude for the use of initiative within departmental and policy guidelines.

MAJOR RESPONSIBILITIES / DUTIES / CRITICAL TASKS:

• Prepares and posts general ledger entries required for both the Monthly and Annual Financial Reports

• Monitor various departments each month for invoices that need to be amortized and prepare corresponding general ledger entries.

• Reconcile general ledger accounts as assigned and prepare corresponding journal entries for any needed corrections.

• Serve as back for other Accountants as needed

• Monitor appropriation fund balances in USAS monthly, serve as back up to correct batch issues and release batches as needed.

• Utilize PeopleSoft queries and nVision reports to accomplish monthly tasks and reconciliations.

• Assist in maintenance of chart-field tables, PeopleSoft queries and nVision reports used ongoing in financial reporting, general ledger, and budget needs.

• Supports preparation of monthly and annual financial schedules and reports to UT System via the FCRS system.

• Other duties as assigned.

ACCOMPANYING KNOWLEDGE, SKILLS, ABILITIES AND COMPETENCIES:

• Utilize multiple systems for work including PeopleSoft, nVision and USAS, online banking, UTIMCO CPS, and UTIMCO CRIS

• Strong numerical proficiency, good organizational and problem-solving skills, and excellent use of logic.

• Solid Microsoft Excel skills.

• Excellent big-picture method to approaching tasks.

• Ability to deliver quality work on tight deadlines, with strong organizational and priority setting skills.

• Proven technology skills and the ability to lead the institution in automation initiatives.

• Ability to communicate financial information into language understood by all levels of the organization.

• Collaboration style that emphasizes teamwork, communication, trust, and patience.

• Professionalism, sensitivity, and discretion in handling confidential information.

REQUIRED EDUCATION / EXPERIENCE:

• Bachelor’s degree in accounting, finance or related field.

• One (1) year of experience in accounting, cash deposits, cash management, bank reconciliations, or a related field is required. Experience in fund accounting preferred.

• May accept a combination of education and experience.