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Financial Reporting Accountant

Metropolitan State University of Denver
Colorado, United States
Salary Not Specified
Posted date
Aug 18, 2021

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Position Type
Faculty Positions, Business & Management, Accounting & Finance, Administrative, Business & Administrative Affairs, Financial Affairs, Student Affairs, Financial Aid
Salary Band
Not specified
Employment Type
Full Time
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Posting Number A01703 Position Title Financial Reporting Accountant Position Number E00673 Salary for Announcement
The salary range is $57,600- $76,900.

The salary of the finalist(s) selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty and training.

The above salary range represents the University’s good faith and reasonable estimate of the range of possible compensation at the time of posting. MSU Denver offers a full benefits package. Pay Grade
Pay Grade: 18 Employee Category Professional staff Department Accounting Services EClass Code Full Time Professional Staff Position Summary
This position exists to provide accurate and timely financial information for the University as a whole. It is responsible for issuing, in part, the University’s financial statements, financial exhibits, Athletic financial statements, ad hoc management reports and providing financial information to external entities including but not limited to Moody’s, Standard and Poors, IPEDs, Higher Learning Commission, etc. . Additionally, it is responsible for the integrity of the financial information that is uploaded to the State of Colorado’s financial system. Lastly, this position is responsible for reporting to management with recommendations on financial operations given information derived from conducting financial analysis.
Metropolitan State University of Denver is an equal opportunity employer.
IND208 Duties/Responsibilities
20% Prepares monthly, quarterly and annual Financial Statements for the University in accordance with Generally Accepted Accounting Standards ( GAAP ). Prepares Cash Flow statements using both the direct and the indirect method. The financial statements require a clear understanding of Generally Accepted Accounting Principles ( GAAP ) and Government Accounting Standard Board ( GASB ). Collects and analyzes financial data detailing assets, liabilities, expenses, and revenues. Analyzes financial reports to identify trends in order to make recommendations to senior leadership on financial matters . Modifies existing reporting tools such as Spreadsheet Server and Microsoft Access, or recommends new tools to create financial reports. Prepares quarterly management reports by analyzing and explaining material changes on the Balance Sheet and Income Statement. Identifies ways to develop and implement best practices to improve existing processes.
15% Performs various reconciliations including but not limited to reconciling the State’s financial information in C.O.R.E (Colorado Operation Resource Engine) to the University’s financial information in Banner on a monthly basis, and reconciling the COF (Colorado Opportunity Fund) student receivables to cash receipts from the State each semester. Calculates a distribution of employee benefits for the University, and prepares journal entries to update information in the State’s financial system. Performs quarterly Colorado State Treasury interest calculations, and distributes amounts to appropriate departments. Extracts and reconciles tax intercept payments from the Department of Revenue daily, and works collaboratively with the Bursar’s Office to ensure these tax intercept payments are recorded in Banner Finance timely and accurately.
15% Prepares journal entries in Banner including certain expense and revenue transfers, scholarship allowance, tuition deferrals, Payroll and Accounts Payable accruals, tax intercept clearing, and correcting entries, etc. Records cash receipts for Fees for Service and COF payments. Reallocates various charges from outside entities to charge University departments. Establishes checks and balances to ensure financial information is accurate before recording it in the State’s financial system, and collaborates with the Office of the Controller staff or campus departments to correct errors when found. Provides guidance to staff to decrease future errors. Prepares journal entries and financial uploads in CORE to ensure the State’s Financial system is in balance with the University’s. Updates and maintains the chart of account conversion that converts all Banner Finance financial coding into codes that can be read by the State’s financial system.
10% Administers period-end close processes. Manages State period-end deadlines to ensure achievement of target cut-off dates. Works closely with the, Managers, and staff to ensure all appropriate journal entries are complete for a timely and accurate period close. Reconciles the CORE monthly feed ensuring there are no errors or discrepancies before transmitting it to the State.
10% Cross trains with and performs various duties of the Accounting Services staff during vacancies, vacations, and during peak times.
5% Prepares Athletic Financial Statements ( NCAA Report) every quarter. Interprets Institutional, State and Federal rules and regulations and recommends any changes the University should make to improve the current process in order to satisfy department’s needs. For example, in preparing the NCAA report, this position must thoroughly understand and implement the Agreed Upon Procedures put forth by the National Collegiate Athletic Association ( NCAA ) in preparing the report. Works closely with the Athletic department to ensure that the financial information presented on the NCAA is accurate by sport, and as a whole.
15% Prepares State quarterly diagnostic reports, and annual variance analysis report by extracting data from CORE and assembling it together for review and analysis. Prepares financial exhibits that are required by the State of Colorado. Responds to financial inquiries from external agencies such as IPEDS, Moody’s, Higher Learning Commission, etc., by gathering, analyzing, summarizing, and interpreting data. Coordinates AP/AR confirmations with other institutions at year-end . Interacts and works closely with Community College of Denver ( CCD ) and University of Colorado Denver ( UCD ) on the Health Center, Immunization, and Campus Rec fees ensuring all parties involved are billed accurately and paid in a timely manner. Records necessary accruals or deferrals for these fees based on the timing of payment receipt. Also, works collaboratively with CCD, UCD, the Auraria Higher Education Center ( AHEC ), and other state agencies to ensure CORE balance transfers including Health Center, Immunization, Campus Rec fees, AHEC Science building interest, AHEC Land principal and interest, AHEC appropriations, etc. are recorded appropriately for all parties involved.
10% Completes research, other tasks, and special projects within the Office of the Controller as needed. Updates job knowledge by participating in educational opportunities Updates procedures as needed. Suggests new processes when applicable. Required Qualifications
Bachelor’s degree in Accounting or Finance or related field (or commensurate work experience to substitute degree, one year of education is equivalent to two years of related experience)
Previous accounting experience
Experience working with Word and Excel, and Access.
Experience with Banner Finance or similar finance system(s). Preferred Qualifications
Previous experience with monthly and year end accounting close
2 years accounting experience
Ability to multi-task and work in a fast paced environment with multiple deadlines
Strong organizational skills.
Strong communication skills. Work Hours
40 hours per week Monday through Friday 8:00 to 5:00
Hybrid remote/on-campus work option available Posting date 08/18/2021 Closing date Closing Instructions Open Until Filled To ensure full consideration, applications must be received by 11:59pm (MT) 09/24/2021 Special Instructions to Applicants
IMPORTANT : In order to be considered as an applicant you must apply via the online application system, .

References refers to a list of three professional references and their contact information.

Official transcripts will be required of the candidate selected for hire.

The health and safety of students, faculty, staff and our prospective teammates are our highest priority and as an institution, we are required to have proof of vaccination on file for all employees.

MSU Denver is requiring all employees to provide proof of being fully vaccinated for Covid-19, or to submit an exemption and be subject to following the Covid-19 safety protocols. As an employee of MSU Denver, an exemption or lack of proof of vaccination will require you to submit to weekly Covid-19 testing starting the week of August 23, 2021.
Additionally, all institutions on campus are requiring that masks be worn indoors regardless of your vaccinations status. Talent Team Representative Talent Team Representative E-mail Benefits
MSU Denver is pleased to offer our current and potential employees a wide array of benefit options. To learn more, please visit the following link:

Employee Benefits Offerings

Diversity Statement
Metropolitan State University of Denver is a unique, access-oriented campus community that values diversity, equity, and inclusion in all its forms. Our student population consists of nearly 50% first generation students and over 45% students of color. We are a designated Hispanic Serving Institution located in downtown Denver.

We create an equitable learning and working environment in concert with individuals who consistently demonstrate commitment to equity and inclusion. We greatly value the diverse identities and perspectives of our students, faculty, and staff and recognize that in order to achieve a just and equitable society, diversity must go beyond simple representation. It requires critical inquiry and dialogue and a commitment to action. We strive to provide a culture of belonging for all community members to achieve personal and professional success.
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