Financial Specialist II Office of Budget and Finance UTK

Reporting to the Director of Accounting and Financial Compliance theFinancial Specialist IIserves as a campus cost-accounting and compliance resource with an emphasis onhigher education rate proposal supportrestricted/state-funded program accountingclearing and match funding reconciliations andyear-end close readiness. The position supports theFacilities Space Surveyand contributes to development of the campusFacilities & Administrative (F&A) Rate Proposalby analyzing and classifying expenditures in accordance with applicable cost principles.

This role also establishes and maintains funds and accounts and supports accurate financial reporting and compliance withGAAP GASB OMB Uniform Guidance (2 CFR 200) UT fiscal policies and relevantNACUBO guidance.

• Cost accounting and rate proposal support (F&A):Support preparation of the F&A rate proposal through analysis reconciliation and classification of research expenditures across functions and cost pools; assist with documentation needed for internal review and external audit/negotiation support.
• Facilities Space Survey support:Assist with the annual space survey (verification and coordination for22000 rooms) including validation documentation and support to departments to improve accuracy and audit readiness.
• Restricted and unique state funding programs:Provide accounting oversight for restricted state appropriations and related research programs which may involve complex funding structures and shared appointments.
• Fund and account establishment / stewardship:Establish new funds and related accounting structure for complex programs; approve budgets monitor expenditures support allowable budget redistributions and provide reporting to stakeholders.
• Clearing and matching fund reconciliations:Monitor and support reconciliation ofsponsored project matching clearing fund including training and coordination with departments to prepare entries needed to clear balances after each month end close; ensure compliance with the requirement that the fund iszero by fiscal year-end.
• Joint Faculty Program support:Support departments participating in a national laboratory Joint Faculty research program including fringe rate updates invoice issue resolution and monitoring unpaid items; complete the annual independent financial statement audit procedures for non-sponsored outstanding invoices as assigned.
• System internal grant funding support:Provide central financial support for System Administration internal funding programs including budget updates/extensions year-end funding requests and distribution support to College Reserve funds.
• Financial compliance and year-end close:Coordinate and/or perform year-end activities for assigned programs and funds including:
  • reviewing budgets and expenditures for allowability and compliance;
  • processing corrections and budget updates;
  • monitoring and resolving non-sponsored deficits;
  • processing funding entries to align revenues and expenditures;
  • coordinating advances for continuation funds as needed; and
  • recording receivable/payable entries for assigned programs.

Required Qualifications

• Education:Bachelors degree in Accounting Finance or related field.
• Experience:Minimum5 yearsof professional accounting/finance experience includingat least 2 years in higher education with demonstrated work incost accounting restricted funds compliance and/or research financial operations.
• Knowledge Skills and Abilities:
  • Proficiency with financial ERP general ledger software such as Oracle or comparable and strong Microsoft Office skills (especially Excel).
  • Demonstrated ability to analyze and reconcile complex financial data and explain results clearly.
  • Knowledge offund accountingandcost principles includingGAAP GASB andOMB Uniform Guidance (2 CFR 200).
  • Strong planning organization judgment and follow-through in deadline-driven environments.
  • Strong interpersonal written and verbal communication skills with the ability to work effectively with campus stakeholders.
  • Demonstrated ability to manage multiple competing priorities simultaneously and effectively.

Applicants must be legally authorized to work in the United States on a full-time basis without need now or in the future for sponsorship for employment-basedvisa status.

Preferred Qualifications

• Experience supportinghigher education rate proposals(e.g. F&A/indirect cost proposals) space surveys or other cost allocation methodologies.
• Experience with complex research environments (research centers/institutes national laboratory partnerships).
• Advanced Excel skills ().

Compensation and Benefits

• UT market range: 14
• Anticipated Pay Range: $100000-$125000 depending on experience
• Find more information on the UT Market Range structurehere
• Find more information on UT Benefitshere

Application Information

UTK seeks candidates who can contribute in meaningful ways to the diversity and intercultural goals of the University. Applicants should submit a letter of application professional resume and contact information for three or more references.