University of Iowa Research · 2 hours ago
Financial Analyst - Department of Surgery
Iowa City, Iowa, United States
Full-time
Onsite
Entry Level
1+ years expUniversity of Iowa Health Care is seeking a Financial Analyst for the Department of Surgery to independently perform a broad range of complex accounting and financial analysis responsibilities to assure accurate, effective, and compliant organizational operations. The role involves preparing salary projections, assisting in budget development, and monitoring financial reports to support the department's financial health.
Research
No H1B
Responsibilities
Prepare salary, fringe, and expense projections for all Department of Surgery divisions as well as quarterly forecasts for the Department
Assist with and support development of annual operating budget. Assist with data entry into StrataJazz system
Monitor and review monthly budget-to-actuals and provide reports to DAO and Assistant DAO
Prepare forecast of monthly income statements and review with finance team
Set up and monitor salary splits for the department on all open accounts. Process payCVs and HR change of statuses as necessary
Collaborate with finance team to balance accounts, calculate accruals, close accounts, review malpractice reports, and work on divisional budgets and forecasts
Assist as needed with development of grant budgets, oversee expenditures for grants, contracts, subawards and gifts for the Department while upholding UI and sponsor policies and procedures
Assist as needed with completion of grant closeouts in conjunction with Grant Accounting Office (GAO) and external sponsors
Assist with post-award financial management including review of budget vs. actual expenditures. Provide monthly reports to PIs, DAO and DEO regarding research funding
Conduct monthly review of general ledger
Generate divisional income statements, provide notes on inconsistencies, and offer recommendations
Generate monthly individual provider level and division level profit/loss statements
Generate division level effort reports
Review monthly funds flow reports and transactions. At the Department level, prepare and complete entries assigning funds flow to proper divisions/accounts
Create, process, review, increase or amend purchase orders as needed
Prepare forecasts for DAO as requested for numerous reports from expenses, salaries, VA commitments, monthly divisional snapshots and comparison to prior years
Evaluate and track CCOM/Hospital/other commitments and purchased services
Approve transactions in workflow
Monitor gift accounts through the University of Iowa Center for Advancement; generate reports and initiate transfers
Enter monthly METS effort, track changes, and generate reports for DAO and finance team; collaborate closely with finance team to ensure accurate, consistent reporting
Ensure funds are managed to maximize organizational impact while maintaining strict compliance with policies
Work closely with clinical and operational teams to integrate financial insights into strategic planning efforts
Participate in calculating and processing of monthly, quarterly, and year end special compensation payments
Participate in annual compensation review for faculty, facilitating COS as needed for faculty and staff, entering salaries into salary setting tool; review and monitor monthly
Track faculty commitments and prepare special compensation payments for onboarding faculty members including transition payments and relocation expenses
Monitor departmental accounts, submit journal entries (JE) and/or WebCV, payCV and request corrections from external departments as needed
Resolve account discrepancies, respond to inquiries and recommend adjustments needed to balance accounts
Analyze areas that can be streamlined and propose plan for implementing efficiencies
Train/guide new employees in Department on monthly reconciliation tasks
Train new employee to review statements, approve transaction detail reports (TDRs), pCards, allotments, travel and purchasing policies
Review work for accuracy and making changes as needed
Work with HR to align salaries between the UI and VA
Qualification
Required
A bachelor's degree in business, Health Administration, Accounting, Finance, or related field from an accredited college or university, or an equivalent combination of education and experience
1 year of experience in accounting, auditing, cost accounting, budget, and/or financial analysis
Experience gathering information from multiple data sources, understanding the context, and demonstrating detailed analytical skills with the ability to turn raw data into actionable information
Demonstrated excellent written and verbal communication skills
Demonstrated accuracy and attention to detail
Proficiency in computer software applications
Preferred
Knowledge of accounting and budgeting tools including Cayuse and eRA Commons
Knowledge of federal, state, local, and private funding agencies, policies, and regulations
Knowledge of accounting and budgeting tools including: Peoplesoft, StrataJazz, GL Reporter, and Iowa Electronic Financial Reports (EFR)
Knowledge of University accounting policy, procedure, and systems
Ability to multitask and work in a fast-paced environment
Benefits
Fringe benefit package including paid vacation; sick leave; health, dental, life, and disability insurance options; and generous employer contributions into retirement plans.
Company
University of Iowa Research
The Office of the Vice President for Research is committed to forging new frontiers of discovery by providing resources and support to researchers and innovators at the University of Iowa, to promote a culture of creativity that enriches the campus, the state, and the world.
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase