Budget & Financial Accountant at Universities of Wisconsin in Madison, WI

Job description

Current Employees: If you are currently employed at any of the Universities of Wisconsin, log in to Workday to apply through the internal application process. Position Title: Budget & Financial Accountant Job Category: Academic Staff Employment Type: Regular Job Profile: Accountant II Job Duties: The Budget and Financial Accountant is responsible for organizing and facilitating the annual division budget process, quarterly forecasting, reporting of financial data, and financial management. A comprehensive understanding of the department’s accounting structures, educational services, and programming is essential for successful performance in this role. Key Job Responsibilities: RESPONSIBILITIES: A. Biennial and Annual Budget Preparation Organize and facilitate the annual divisional units’ budget processes. This includes: Communicating budget guidelines and processes with internal departments, program managers. Preparing and maintaining revenue, expense, and pay plan budget models. Consolidating and summarizing of operational and budget data with measurement against current year budget and prior year actual results. Collecting and reconciling divisional budget data. Analyzing and explaining variances, such as: general purpose revenue (GPR), full time equivalent (FTE), program assumptions, revenues, payroll and non-payroll expenditures. Providing financial planning and analysis support to internal departments, and program managers. Maintaining budget records for the division. Entering, reviewing and reconciling budget data in the Adaptive budget system. B. Financial Reporting and Forecasting • Organize and facilitate the timely and accurate monthly reporting of financial data for revenue and expense monitoring. This includes: Preparing and updating budget versus actual financial models. Consolidating and summarizing monthly financial data. Compiling and reporting budget versus actual revenues. Providing financial analysis support to divisional business units and program managers with an emphasis on interpreting financial results to enable and encourage a better understanding of division’s accounting and budget structures. Organize and facilitate the quarterly forecasting of division’s financial data and budgets. This includes: consolidating and summarizing forecast operational and financial data with measurement against current year budget and prior year actual results analyzing and explaining forecasting variances, such as: general purpose revenue (GPR), full time equivalent (FTE), program assumptions, revenues, payroll and non-payroll expenditures C. Financial Management Reconcile collaborative and competency-based program revenues data to student enrollments data Collaborate with UW partner campuses to reconcile and initiate the transfer of collaborative and competency-based program revenues Work with business units and program managers to understand their financial needs as related to their educational services provided to campus partnerships and programs to ensure goals and objectives are obtained in accordance with state and university financial policies and practices and within budget. Assist with organizing information from a variety of sources to establish data banks for use in budgeting, forecasting, analyzing operations, and creating program financial models. Remain in compliance with all state and university financial policies and practices. Coordinate and execute the implementation of changes in financial practices and policies applicable to improving financial operations. Communicate and explain financial concepts and practices to individuals throughout the division. Train new program managers (and other applicable new hires) on financial operations. Work with the Director of Finance & Business Services on unique budget, forecast and reporting requirements, process changes, and special projects. Represent the division on institutional committees as requested. Lead financial related projects as requested by the OPLR’