Financial Accounting and Reporting Analyst - Hybrid

Duties & Responsibilities

• Assist the Assistant Director in performing routine assigned reconciliations, including weekly and monthly reconciliations, to ensure the accuracy, completeness, and consistency of financial and asset data between multiple systems. Investigate and resolve discrepancies in a timely manner.
• Analyze transactional and supporting documentation to validate the accuracy of movable equipment costs for both tracked and capitalized assets. Ensure proper capitalization, classification, and recording in accordance with university policy, regulatory requirements, and applicable accounting standards.
• Assist the Assistant Director with data queries, data extraction, and analytical review to support financial reporting, operational analysis, and audit requirements.
• Monitor departmental compliance with university policies, regulatory requirements, and best practices related to movable equipment and asset management. Identify process gaps and recommend corrective actions as needed.
• Prepare quarterly depreciation calculations and projections for UIC Hospital units, ensuring accurate recording and reporting in the financial system.
• Assist the Director in coordinating and monitoring audit requests, compiling supporting documentation, and ensuring accurate and timely responses to internal and external auditors.
• Conduct periodic review and audit of departmental processing activities, including, but not limited to, quarterly asset attributes, tracking for year-end reporting for Gift-in-Kind general non-cash addition transactions, art and library collection additions, and adjustments to ensure accuracy, proper valuation, and compliance with applicable policies and reporting requirements.
• Assist with year-end closing activities.
• Review and coordinate deferral and accrual postings in collaboration with the University Accounting Services (UAS) team to ensure accurate year-end financial reporting. Develop a correspondence in coordination with University Accounting Services (UAS) to communicate updates, policy changes, and procedural guidance to campus units. Serve on University, Campus, and/or University Accounting committees/teams as assigned. Perform other duties appropriate to the position of Financial Accounting and Reporting Analyst as assigned.