Posting Salary: Salary commensurate with education and experience.
Position Summary: Under UCOP's Chief Financial Officer Division, Financial Accounting provides numerous systemwide support functions, including financial management and reporting in connection with employee benefits, debts, federal and other extramurally funded projects, endowment funds, and campus foundations. Under the Financial Accounting group, the Corporate Accounting unit is responsible for UC financial accounting policy and the consolidated financial reporting under generally accepted accounting principles for campuses, medical centers, University of California Retirement System and foundations. This unit maintains the Corporate Financial Reporting (CFR) system and coordinates the systemwide annual fiscal close and external audit. In addition, Corporate Accounting is responsible for UC debt accounting, reporting and administration and provides technical accounting guidance on unusual/nonrecurring transactions.
Also under the Financial Accounting Group, the Endowment & Investments Accounting unit is responsible for centralized accounting and financial reporting for endowment funds, campus foundations, other UC affiliated organizations and planned gifts. This area is also responsible for participant accounting for the University's investment pools portfolio of over $100 billion (General Endowment Pool, Short Term Investment Pool, Blue and Gold Pool and Total Return Investment Pool) including recording and reconciling investment transactions, as well as accounting and recording investment activity for the University of California Retirement Plan (UCRP) and University of California Retirement Savings Plan (UCRSP) funds, including pool processing for the UCRP and Department of Energy Laboratory segments.
Reporting to the Director of Corporate Accounting, the Accounting Manager would be responsible for managing, preparing, administering and directing the work done in the areas of General Accounting and Endowment & Investment Accounting. This includes maintaining accurate accounting records for UCOP encompassing developing, implementing and monitoring accounting systems, policies and procedures. The Accounting Manager will work with the Capital Assets & Debt Accounting Supervisor as a recognized subject matter expert who functions in the following areas:
- Oversees and coordinates the University's monthly and annual fiscal closing operations with other local and systemwide departments and campuses. Assists internal and external auditors in the audit of the University's records and resolves audit issues. -Develops accounting and reporting policy and procedures in response to Governmental accounting Standards Board (GASB) and other external and internal requirements. - Provide specialized accounting assistance and coordination to campuses on general accounting and endowment and investment accounting matters. - Supervise the accounting and reporting of over 5,000 participants in the University's investment pools. - Analyzes agreements and performs accounting research to provide accounting instructions necessary to properly record the transactions to campuses and medical centers. Interprets the application of procedures to campuses. - Participates in the development, implementation, testing and maintenance of the endowment and investment accounting system, general ledgers for the UCOP and certain systemwide functions, and consolidated corporate financial reporting system.
Special Conditions of Employment: Travel Travel outside of normal business hours
Other Special Conditions of Employment: Successful completion of a background check is required for this critical position.
Job Close Date:
Duty 1: Establishes accounting procedures for areas other than capital assets and debt for the entire University of California system. Acts as an advisor to campuses, medical centers, Budget and others and become actively involved, as required, to meet schedules and resolve problems. This includes interpreting, implementing and establishing procedures necessary for the ensure compliance with University and external requirements. Provides specialized accounting assistance, training, advice and coordination to campuses and other OP departments. Function:Advice and Consultation Percent: 30
Duty 2: Directs and monitors staff to complete assignments using established guidelines, procedures and standards related to the University's endowment & investments portfolio and general accounting activities. This role is responsible for overseeing the participant accounting for the University's investment pools and separately managed assets portfolio of over $100 billion. Oversees the state educational appropriations claim processing for the entire University and a key player in preparing the University's annual financial report and State of California reporting requirements. Supervises a team of 8 accountants in various areas of including the timely closing of month-end and annual financial and endowment journals; state appropriation reconciliations; financial control and other intercampus transactions; loan fund transactions; extramural fund matters; Department of Energy Laboratory matters; Corporate Financial System submissions; Cash management, cashiering and credit card coordination and bank account reconciliations. Function:Leadership and Supervision Percent: 30
Duty 3: Develops accounting and reporting policy and procedures in response to Governmental Accounting Standards Board (GASB) as well as other external and internal requirements. Ensures the accurate compilation, analysis and reporting of accounting data. Provides technical accounting guidance on unusual/nonrecurring transactions. Function:Policy and Procedure Development Percent: 15
Duty 4: Participates in the development, implementation, testing and maintenance of the endowment and investment accounting system, general ledgers for the UCOP and certain systemwide functions, and consolidated corporate financial reporting system. Maintains chart of accounts to meet reporting needs. Provide assistance in the retrieval of data from the system. Function:Development and Maintenance of Accounting Systems Percent: 15
Duty 5: Coordinates annual fiscal closing operations with other systemwide departments and campuses and participates in the annual financial statement audits and special projects. Assists internal and external auditors in the audit of the University's records and resolves audit issues. Function:Fiscal Close Coordination Percent: 10
Job Requirements Bachelor's degree or higher in accounting, finance or related area and seven or more years of progressively responsible experience in accounting and financial analysis or equivalent combination of education and experience.
Broad knowledge of the organization's operational, personnel, and financial transactions and systems.
Broad knowledge of financial transactions and systems, as well as related policy, accounting, and regulatory compliance requirements.
Thorough interpersonal skills and ability to work effectively across the organization at all levels.
Strong skills using common desktop / web applications.
Broad service orientation skills; proven ability to multi-task effectively in a varied, high volume environment; sound judgment and decision-making skills; and reasoning ability to develop original ideas to solve problems.
About us The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the corporate headquarters to the ten campuses, five medical centers and three Department of Energy National Labs and enrolls premier students from California, the nation and the world.
The University of California is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, age or protected veteran status.
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.