Revenue Management Accountant

Job Summary

The Campus Controller's Office (CCO) at CU Boulder welcomes applications for the Revenue Management Accountant position. This role is responsible for the fiscal management of grants and contracts in accordance with government regulations, sponsor requirements, and University of Colorado System and CU Boulder policies.

This team analyzes and processes financial data within the PeopleSoft system and handles accounts receivable management, cash control compliance, and cash collections. Reporting and cash management for sponsored awards represents approximately $600M annually. The revenue management functions are a vital ingredient to the successful management of each award and requires collaboration with department and central office staff. Cash management processes differ depending upon the originating sponsor and include federal letter of credit mechanisms, direct payments, and check processing. Cash collections is a critical component to the proper management of the university’s sponsored research accounts receivable balance.
The University of Colorado Boulder is committed to building a culturally diverse community of faculty, staff, and students dedicated to contributing to an inclusive campus environment. We are an Equal Opportunity employer, including veterans and individuals with disabilities.

Who We Are

CCO maintains and supports CU Boulder's fiscal responsibility through accurate financial accounting and reporting and is in compliance with laws, regulations, policies/procedures, and contract requirements for sponsored projects. We provide oversight, assistance, and training in financial stewardship for the Boulder campus.

What Your Key Responsibilities Will Be

Process Excellence (identifying, improving, maintaining processes, including metrics):

• Reconcile deposits and allocate to appropriate awards/projects in PeopleSoft.
• Reconcile the sponsored projects clearing account.
• Perform accounts receivable maintenance tasks in PeopleSoft.
• Complete electronic payment and new vendor forms.
• Gain an understanding of sponsor invoicing web portals.
• Provide training and technical support for sponsor billing, payment, and collection issues.
• Process refund of receipt requests and refund expenditure payments for sponsored programs.
• Monitor accounts receivable aging and provide collection efforts for an assigned portfolio on behalf of the CU-Boulder research enterprise.
• Assist the Revenue Management Supervisor in monitoring unbilled accounts and coordinate efforts with the Office of Contracts and Grants (OCG) and CCO grant accountants and award set up to ensure unbilled balances are billed.
• Cross train on aspects of the LOC process and may be responsible for preparing letter of credit draw requests. In addition the RMA may prepare various management level reports on LOC volume/activity[DSS1] .
• Assist the Revenue Management Supervisor in preparation of management-level reports including aged accounts receivable, billed/unbilled accounts, checks and wires, lockbox activities, LOC activity, and additional ad hoc reports as needed.

University Satisfaction (provide customer service to campus staff and sponsors):

• Work with CCO staff, campus research administrators and Principal Investigators from across the University to resolve escalated collection efforts.

People Development (developing, retaining, recognizing our staff):

• Seek opportunities for professional development and training for self/unit.

Infrastructure Enhancement (tech requirements, system upgrades & brand identity):

• Gain a full understanding of the underlying systems supporting CCO and project accounting. Provide input on ongoing enhancements and improvements as requested.

What You Should Know

• All University of Colorado Boulder employees are required to comply with the campus COVID-19 vaccine requirement. New employees must provide proof of vaccination or receive a medical or religious exemption within 30 days of employment.
• A Hybrid work schedule is offered with a minimum of two days in the office, additional on-campus meetings may be required.

What We Can Offer

• The salary for this position is $56,000 per year.

Benefits

The University of Colorado offers excellent benefits , including medical, dental, retirement, paid time off, tuition benefit and ECO Pass. The University of Colorado Boulder is one of the largest employers in Boulder County and offers an inspiring higher education environment. Learn more about the University of Colorado Boulder .

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Be brilliant. Be innovative. Be Boulder.

What We Require

• Bachelor’s degree in accounting, finance or related field. Professional level accounting or finance work experience may substitute for the degree on a year for year basis.
• One year of professional accounting experience.
• Proficiency with Microsoft Office applications, especially Excel and Outlook.
• Competencies/Knowledge, Skills, and Abilities.

What You Will Need

• Able to manage multiple tasks and have flexibility to adjust to changing priorities.
• Ability to work effectively under timeline pressures/ time constraints.
• Committed to providing professional, prompt, and courteous service to assigned Principal Investigators and departments.
• Looking for a team-oriented individual comfortable with collaborative approach to problem-solving.

What We Would Like You To Have

• Two years of related accounting experience.
• Two to three years of proven experience working within a university business office OR with federal and non-federal grants and contracts in a post-award preferred.
• Solid understanding of grant administration policies, Federal Regulations (specifically Uniform Guidance) preferred.
• Work experience in cash management or collections is highly desirable.
• Experience with the PeopleSoft financial system and PS Query.
• Other Skills:
• Strong communications skills are vital to work with pre-award and other sponsored administration colleagues at the college, department and project level across the University, as well as with external sponsors.
• In addition, the RMA will have a strong command of systems and will use them to enable accurate reporting and ensure data integrity.
• Organizational, critical thinking and decision making skills are highly recommended.

Special Instructions

To apply, please submit the following materials:

1. A current resume.

2. A cover letter that specifically tells us how your background and experience align with the requirements, qualifications, and responsibilities of the position.

We may request references at a later time.

Please apply by December 15, 2022, for consideration.

Note: Application materials will not be accepted via email. For consideration, please apply through CU Boulder Jobs.

Posting Contact Information

Posting Contact Name: Boulder Campus Human Resources

Posting Contact Email: recruiting@colorado.edu