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 TitleFinancial Analyst/Accountant – Intercompany/Interfund Focus – Division of FinanceJob Profile TitleFinancial AnalystJob Description SummaryPerforms 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:
Provide accounting support including analysis and corresponding reconciliations and reporting of intercompany activity that occurs between the University and its related entities; specifically, the University of Pennsylvania Health System (“UPHS”).
Monitors and processes transactions daily. Reconcile University’s bank accounts monthly. Provide accounting activities involving the intercompany partners including invoicing, payables, and receivable balances detail review.
Support efforts to improve and harmonize processes and controls within the intercompany partners. Assist in the preparation of consolidated financial statements, including intercompany eliminations. Investigate and resolve any discrepancies or variances in intercompany accounts promptly. Collaborate effectively with various teams, subsidiaries, and external auditors to address queries and provide necessary information.
Liaison with the Commonwealth on annual University appropriation. Prepare reoccurring billing statements to facilitate receipt of payments.
Work fluently in the University’s Oracle-based enterprise system, BEN Financials (BEN), and reconcile to general ledger and other applicable ledgers. Create and post various general ledger journal entries and analyze/reconcile various general ledger work papers to the general ledger.
Support enterprise system conversions or upgrades, and champion for process automation/improvements efforts and system changes. Interprets, executes, and recommends modifications to processes, policies, and practices. Responsible for ensuring design, testing, training, and implementation/conversion of data is complete and accurate prior to and post Go Live.
Prepare audit schedules for external audits and provide requested information to the auditors. Maintain a clear and concise audit trail regarding journal entries, analytical procedures, and general ledger reconciliations.
Conduct accounting research and apply GAAP to accounting processes and transactions. Maintain the University’s financial policy manual, including departmental policies and procedures. Post and maintain the policies on the department’s intranet.
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.
Ad hoc projects, reports, and future projects, as assigned, such as the analysis, reporting, and research of similar financial statement categories.Job Description
Job Responsibilities
Transactions/Reconciliations: Prepare and monitor intercompany-based financial reports. This includes invoicing between the University’s related entities and health affiliates, as well as the Pennsylvania Commonwealth. It also includes the preparation of monthly reconciliation documents for intercompany-based transactions, as well as for the University’s cash and fixed asset accounts.
Reporting/Analysis: Prepare journal entries, including intercompany eliminations, while ensuring compliance with GAAP through detailed review of complex accounting rules and the application of those rules to complicated and multifaceted transactions throughout the University. Performs/evaluates comprehensive analysis and prepares flux analysis on assigned areas.
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. This also includes the completion of the University’s moveable equipment inventory cycle.
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.
Other duties and responsibilities as assigned.
Qualifications
A Bachelor’s Degree is required with major in Accounting or Finance preferred and 2 years to 3 years of experience or equivalent combination of education and experience.
Familiarity with and understanding of Generally Accepted Accounting Principles. Proficient with Microsoft Office spreadsheet and presentation software.
Prefer experience with data warehouse query tools. Detail oriented with strong organizational skills and strong oral and written communication skills.
Advanced user skills with Excel and other Microsoft programs and computer systems.
Excellent interpersonal, communication and presentation skills.
Demonstrated ability to be detail-oriented and accurate.
Able to handle multiple tasks simultaneously.
Demonstrated organizational and prioritization skills, along with the ability to work within tight and often conflicting deadlines.
Must be flexible, show effective judgement, discretion and have the ability to handle confidential financial matters.
Work effectively in a highly matrixed and decentralized environment with the ability to navigate through ambiguity and demonstrate appreciation and support for diversity, inclusion and belonging in a constantly evolving academic/higher education environment.
Job Location – City, StatePhiladelphia, PennsylvaniaDepartment / SchoolDivision of FinancePay Range$43,919.00 – $60,000.00 Annual RateSalary 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
To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay
br{display:none;}.css-58vpdc ul > li{margin-left:0;}.css-58vpdc li{padding:0;}]]> Mission Statement Uplift’s mission is to create and sustain public schools of excellence that empower...
Apply For This JobJob Details Process Design Analyst Date Posted: 12/08/2023Req ID: 35326Faculty/Division: Vice-Provost, StudentsDepartment: University Registrar’s OfficeCampus: St. George (Downtown Toronto)Position Number:...
Apply For This JobJob Details Horticulture Dual Enrollment Instructor Pool-Part-Time North Orange County Community College District Position Number: 2016369FT Location: Fullerton College Department:...
Apply For This JobPosting Number: 2024440 Posting/Functional Title: Asst Dir, Internship Connections University Pay Plan Title: Asst Dir, Career Services Location: San Marcos...
Apply For This JobOverview **IMPORTANT: Your application will not be considered without an essay** Complete the online application and include a short essay either in...
Apply For This JobJob Details Instructor, Artificial Intelligence – Adjunct (Pool Req)🔍Houston, Texas, System WideNew📁Adjunct📅200025Z Requisition #📅2 days ago Post DateSUMMARYProvide the expertise...
Apply For This Job