Experienced Senior Accountant/Financial Analyst
- Employer
- University of Pennsylvania
- Location
- Pennsylvania, United States
- Salary
- Salary Not specified
- Date posted
- Jun 1, 2023
View more
- Position Type
- Administrative, Business & Administrative Affairs, Financial Affairs
- Employment Level
- Executive
- Employment Type
- Full Time
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Experienced Senior Accountant/Financial Analyst
University Overview
The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Large Employers in 2023.
Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.
The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.
Posted Job Title
Experienced Senior Accountant/Financial Analyst
Job Profile Title
Accountant/Financial Analyst Senior
Job Description Summary
Performs significant aspects of Penn s external reporting and analysis process including related internal controls and monthly closing procedures, and highly technical and complex accounting/reporting research. Significant responsibilities and duties include:
Ensures compliance with GAAP through detailed review of complex accounting rules and the application of those rules to complicated and multifaceted transactions throughout the University. Prepares professionally documented accounting and reporting research position papers (following professional practices used by EITF) recommending critical accounting decisions for concurrence by the Manger/Director. Monitors emerging accounting, reporting and control rules promulgated by authoritative bodies including the SEC, FASB, EITF and AICPA. Benchmarks other entity reporting/accounting practices. Evaluates these emerging rules and practices, communicates impact on the University, and recommends and implements appropriate actions. The Senior is assigned multiple financial statement categories (e.g. tuition, benefits) and has responsibility for any related research.
Performs and evaluates comprehensive analysis and prepares formal analysis documents used by executive management to communicate business trends and issues to the Board of Directors and by external auditors to verify compliance with reporting controls as well as the accuracy of our statements. Prepares and evaluates comprehensive monthly analysis designed to detect and correct significant accounting/reporting errors and identifies and communicates corrective actions required to prevent their reoccurrence. The Senior is assigned multiple financial statement categories (e.g. tuition, benefits) and has responsibility for any related analysis.
Ensures reporting accuracy and transparency through professional preparation and self -review of monthly, quarterly, and annual financial statements and related disclosures including footnotes. Reviews footnote disclosures prepared by other departments. Implements the GAAP related reporting process at assigned schools and centers. Performs and verifies the consolidation process for our $2billion health system, complex real estate operations and other subsidiaries. Prepares an analysis of other external reports such as Commonwealth Appropriations, Census Data, IPEDS, NSF, and UCA. Seniors are assigned multiple financial statement categories (e.g. tuition, benefits) as well as certain schools/centers and have responsibility for any related reporting including footnote disclosures.
Job Description
- Analysis: Performs/evaluates comprehensive analysis and
prepares formal analysis documents used by executive management to
communicate business trends and issues to the Board of Directors
and by external auditors to verify compliance with reporting
controls as well as the accuracy of our statements.
- Reporting: Ensures compliance with GAAP through detailed review
of complex accounting rules and the application of those rules to
complicated and multifaceted transactions throughout the
University.
- Control: Implements the functional aspects of the closing
process/schedule and assists the Managers with related system
requirements performed by Finance IT and ISC. Assists the Managers
with the implementation of a comprehensive business control model
in functional departments throughout the university including
assignment of object code control and analysis
responsibilities.
- Research: Ensures compliance with GAAP through detailed review
of complex accounting rules and the application of those rules to
complicated and multifaceted transactions throughout the
University. Prepares professionally documented accounting and
reporting research position papers recommending critical accounting
decisions for concurrence by the Manger/Director. Monitors emerging
accounting, reporting and control rules promulgated by
authoritative bodies.
- External audit: Assists in all aspects of the external audit
process including scheduling of quarterly reviews and annual audit
activities, scheduling of related internal activities to meet
external deadlines, coordination with other functional departments
to ensure that necessary supporting information is provided timely
and accurately, and coordination of Management Letter Comments and
responses.
- Other duties and responsibilities as assigned.
Experienced Senior Accountant / Financial Analyst Qualifications:
- Requires a Bachelor's degree preferably in accounting, finance,
business administration, or related field with 5 years of
experience; or an equivalent combination of education and/or
experience that demonstrates knowledge and understanding of
generally accepted accounting principles and practices (GAAP) and a
minimum of five to seven years of relevant experience.
- Must have excellent communication skills and computer literacy;
proficiency in Microsoft Office Suite (Word, Access, Excel,
PowerPoint, and Outlook). Must be skilled in understanding database
structure and have the ability to manipulate data imports and
exports for financial reporting and analysis. Must have advanced
command of excel functions. Knowledge and experience with journal
entries, financial statement preparation, and general accounting
concepts are also required. Demonstrated ability to work
independently and to exercise confidentiality and discretion in the
operational decision-making process. Ability to effectively
research, present ideas and concepts in written or presentation
format and use consultative and facilitation skills to gain
consensus; Ability to independently work with a high degree of
accuracy under tight timelines;
Role Competencies:
- Excellent analytical, written and verbal communication skills,
including experience presenting to management and/or senior
leadership
- Experience with designing and executing strategy-based
financial analyses
- Well organized, flexible, and able to manage multiple
challenging projects simultaneously in a fast-paced
environment
- Collaborative working style and ability to build strong
relationships with people at all levels of the
organization
- Experience working with financial reporting and financial
statements
- Initiative and ability to work independently and as a member of
a team
- Ability to learn new systems quickly
- Demonstrated ability to support a community of diverse
perspectives and cultures in an inclusive environment.
Job Location - City, State
Philadelphia, Pennsylvania
Department / School
Division of Finance
Pay Range
$61,046.00 - $85,000.00 Annual Rate
Salary offers are made based on the candidate's qualifications, experience, skills, and education as they directly relate to the requirements of the position, as well as internal and market factors and grade profile.
Affirmative Action Statement
Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.
Special Requirements
Background check required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.
University Benefits
- Health, Life, and Flexible Spending Accounts: Penn
offers comprehensive medical, prescription, behavioral health,
dental, vision, and life insurance benefits to protect you and your
family's health and welfare. You can also use flexible spending
accounts to pay for eligible health care and dependent care
expenses with pre-tax dollars.
- Tuition: Take advantage of Penn's exceptional tuition
benefits. You, your spouse, and your dependent children can get
tuition assistance here at Penn. Your dependent children are also
eligible for tuition assistance at other institutions.
- Retirement: Penn offers generous retirement plans to
help you save for your future. Penn's Basic, Matching, and
Supplemental retirement plans allow you to save for retirement on a
pre-tax or Roth basis. Choose from a wide variety of investment
options through TIAA and Vanguard.
- Time Away from Work: Penn provides you with a
substantial amount of time away from work during the course of the
year. This allows you to relax, take vacations, attend to personal
affairs, recover from illness or injury, spend time with
family—whatever your personal needs may be.
- Long-Term Care Insurance: In partnership with Genworth
Financial, Penn offers faculty and staff (and your eligible family
members) long-term care insurance to help you cover some of the
costs of long-term care services received at home, in the community
or in a nursing facility. If you apply when you're newly hired, you
won't have to provide proof of good health or be subject to
underwriting requirements. Eligible family members must always
provide proof of good health and are subject to
underwriting.
- Wellness and Work-life Resources: Penn is committed to
supporting our faculty and staff as they balance the competing
demands of work and personal life. That's why we offer a wide
variety of programs and resources to help you care for your health,
your family, and your work-life balance.
- Professional and Personal Development: Penn provides an
array of resources to help you advance yourself personally and
professionally.
- University Resources: As a member of the Penn community,
you have access to a wide range of University resources as well as
cultural and recreational activities. Take advantage of the
University's libraries and athletic facilities, or visit our
arboretum and art galleries. There's always something going on at
Penn, whether it's a new exhibit at the Penn Museum, the latest
music or theater presentation at the Annenberg Center, or the Penn
Relays at Franklin Field to name just a few examples. As a member
of the Penn community, you're right in the middle of the
excitement—and you and your family can enjoy many of these
activities for free.
- Discounts and Special Services: From arts and
entertainment to transportation and mortgages, you'll find great
deals for University faculty and staff. Not only do Penn arts and
cultural centers and museums offer free and discounted admission
and memberships to faculty and staff. You can also enjoy
substantial savings on other goods and services such as new cars
from Ford and General Motors, cellular phone service plans, movie
tickets, and admission to theme parks.
- Flexible Work Hours: Flexible work options offer
creative approaches for completing work while promoting balance
between work and personal commitments. These approaches involve use
of non-traditional work hours, locations, and/or job
structures.
- Penn Home Ownership Services: Penn offers a forgivable
loan for eligible employees interested in buying a home or
currently residing in West Philadelphia, which can be used for
closing costs or home improvements.
- Adoption Assistance: Penn will reimburse eligible
employees on qualified expenses in connection with the legal
adoption of an eligible child, such as travel or court fees, for up
to two adoptions in your household.
To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay
To apply, visit https://wd1.myworkdaysite.com/en-US/recruiting/upenn/careers-at-penn/job/Franklin-Building/Experienced-Senior-Accountant-Financial-Analyst_JR00070159
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