Financial Accounting and Budget Specialist - Office of Fiscal Affairs - School of Medicine

Wayne State University is searching for an experienced Financial Accounting and Budget Specialist - Office of Fiscal Affairs - School of Medicine at its Detroit campus location.

Wayne State is a premier, public, urban research university located in the heart of Detroit, Michigan where students from all backgrounds are offered a rich, high-quality education. Our deep-rooted commitment to excellence, collaboration, integrity, diversity and inclusion creates exceptional educational opportunities which prepare students for success in a global society.

Essential functions (job duties)

• Provide financial support to several departments within the School of Medicine including financial reporting and problem resolution in regard to budget, accounting, vendor quotations and payment, financial projections and journal voucher entries. - Prepare financial statements such as income statements, balance sheets and activity reports regarding the financial status of unit projections, programs and other budget allocations. Oversee general ledger account allocations for all expenditures. Develop and maintain special accounting procedures for several complex general fund, designated and/or restricted accounts.
• Prepare budget projections and plans. Compile budget estimates, oversee budget execution and review. Reconcile funds, indexes, and accounts including several complex general funds, designated and revenue accounts. Approve and monitor unit revenues and expenditures. May possess signatory authority.
• Prepare adjusting entries and year-end closing activities for review. Project year-end revenues, expenditures and deficits based on information provided by department administrators and upper management. Perform calculations for management such as compound interest owed, payroll projection, expense and payroll accrual adjustments.
• Prepare a wide array of statistical and administrative reports, summaries and questionnaires regarding department and/or division activities. Develop financial reports for University wide/funded development projects such as EPAF, HR Encumbrance, Windstar, etc. Utilize administrative systems, including FMS, HRMS, PPS, GBS, etc. Prepare detailed proposals; create specialized reports utilizing Cognos, Access and Excel; prepare routine and ad-hoc financial reports and analysis.
• Research and analyze data for internal and external clients. Identify financial discrepancies and resolve client inquires. Create, organize and maintain files using database and spreadsheet programs.
• Track and maintain maintenance contract renewals which may include some cost negotiations with vendors. Coordinate vendor renewal and price quote process for hardware and software maintenance contracts.
• Provide functional supervision and train and instruct on methods and procedures. Provide direction to professional staff in department on methods and procedures.
• Perform related work as assigned.

Unique duties

Qualifications

• Graduation from an accredited college or university supplemented by coursework in business administration, accounting or related field or an equivalent combination of education and/or experience.
• Considerable knowledge of accounting or finance practices or principles.
• Project management experience.
• Considerable knowledge of and experience with University programs and computing systems (FMS/BAR, HRS, PPS and GBS).
• Ability to establish and meet deadlines, work under extreme pressure and function independently.
• Strong leadership, analytic and problem resolutions abilities.
• Excellent oral and/or written communication skills.
• Ability to communicate effectively with others.

Preferred qualifications

• This classification level requires specialized skills and financial accounting experience to perform
• moderately complex financial responsibilities for a large department. Position incumbents are primarily
• responsible for providing financial support to their assigned unit within established guidelines, policy
• and regulations as well as improving the effectiveness and efficiency of existing systems and methods of
• operation. This classification reports to and receives direction from a management level classification.

School/College/Division

H06 - School of Medicine

Primary department

H0673 - Med Administrative Services

Employment type

Regular Employee

Job type: Full Time

Job category: Staff/Administrative

Funding/salary information

• Compensation type: Annual Salary
• Salary minimum: 63,763
• Salary hire maximum: 76,519

Working conditions

Job openings

• Number of openings: 1
• Reposted position: No
• Reposted reason: None (New Requisition)

Prior posting/requisition number

Background check requirements

University policy requires certain persons who are offered employment to undergo a background check, including a criminal history check, before starting work. If you are offered employment, the university will inform you if a background check is required.