Financial Research Award Management and Analysis (60%)
Responsible for a portfolio of faculty members’ sponsored research and university non-sponsored research support accounts and related activity. This includes accounting budget and report preparation, general accounting, reconciliations, compliance and auditing, and approving or denying expenditures based on existing administrative requirements and policies.
Problem-solving post-award grants management issues and working collaboratively with individuals across all levels of the organization, or outside the organization such as sponsors, collaborating institutions, subaward institutions, service providers, or contractors/consultants, to recommend solutions.
Interpret award regulations and relate to Principal Investigators and staff as well as proactively identifying and resolving issues related to expenditures, personnel effort charging, carry forward requests, no cost extension, re-budget requirements, grant close-outs, changes in key personnel, cost-share/salary cap application, and Effort Certification.
Regularly meet with faculty to review status of accounts and develop individualized financial projections and reports, including providing regular financial management and oversight to faculty accounts to monitor issues, identify and solve problems, and improve financial project management.
Work with SFR (Sponsored Financial Reporting) to analyze detailed reports provided to sponsors for accuracy.
Work with SPA (Sponsored Projects Administration) to ensure award requirements are met and ensure research grants are closed out properly.
Serve as a certified approver (must be certified within one year if not already) for externally funded research expenditures.
Effort Coordinator (20%)
Serve as effort manager for assigned faculty portfolio to include policy guidance, audit and oversight of effort statements in regards to commitments, salary cap issues, and timely processing.Communicate regularly with Principal Investigators and project staff, including collaborating units, sponsored and non-sponsored personnel effort, request any necessary distribution changes, and/or correcting Retro transactions from departmental payroll administrator, and setup up required cost-share/Federal salary cap correctly.Assure that deadlines are met, tasks processed, communication shared, and training provided.
Manage and update faculty effort commitment information using internal processes and systems.
Communicate regularly with faculty regarding their effort and proactively identify and resolve issues.
General Financial Operations & Oversight (15%)
Assist Finance Manager with internal subaward processes, contracts for professional services, award tracking, closeout and compliance.
In collaboration with other staff, identify and implement process improvements related to sponsored and non-sponsored accounting.
Provide input on purchasing and accounting activity: accounting processes and procedures, overall financial compliance, evaluation of workload issues and tasks, training and orientation of accounting and purchasing personnel, analyze and improve workflows; serve as a resource to colleagues and faculty on financial matters, identify areas for improvement.
Other Duties as Assigned (5%)
Participates regularly in professional development activities such as Grant Management User Network, Sponsored Project Symposium, Certified Approver Community of Practice, and other and University grant and financial training opportunities. Builds relationships with colleagues beyond the Division to share best practices.
Represent division and college on work groups and committees; attend appropriate trainings and meetings to stay current on University, state, and federal regulations and systems.
The University of Minnesota offers a comprehensive benefits package including:
Competitive wages, paid holidays, vacation and sick leave
Low cost medical, dental, and pharmacy plans
Health care and dependent daycare flexible spending accounts
Excellent retirement plans with employer match
Disability and employer paid life insurance
Wellbeing program with reduced insurance premiums
Tuition reimbursement opportunities covering 75%-100% of eligible tuition
Experience and expertise in technology as related to the needs of this position.
Demonstrated strong service orientation.
Certified approver status or must have the skills and ability to work toward becoming a certified approver within one year of employment.
Familiarity with University and sponsored accounting (Federal and non-Federal) regulations and University financial systems is ideal but not required.
Internal Number: 327321
About University of Minnesota, Twin Cities
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.