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ACCOUNTING MANAGER

Loyola University Chicago
403(b)
United States, Illinois, Chicago
Jan 21, 2025
Position Details
Position Details


Job Title Accounting Manager
Position Number 8100877
Job Category University Staff
Job Type Full-Time
FLSA Status Exempt
Campus Chicago-Water Tower Campus
Department Name CONTROLLER
Location Code GENERAL ACCOUNTING (04400C)
Is this split and/or fully grant funded? No
Duties and Responsibilities
Under direction of the Senior Direction of Accounting and Financial Reporting, this position is responsible for compiling and analyzing financial information to ensure accurate financial reporting for the University. Key contributor in the month-end and year-end close processes including the preparation of journal entries, account reconciliations, and related schedules. Essential resource in preparing financial information for important surveys specific to higher education entities. Provides review and oversight of financial information originating from various University departments for consistency with US GAAP and University financial reporting.

This role has primary responsibility for the University's fixed asset records, proper accounting of capital projects in coordination with the University's Capital Planning team, construction in process review, supervision of the annual fixed asset inventory process, ensuring the accuracy, compliance and efficiency of fixed asset management, managing the annual NCAA audit, preparation of schedules, financial statements and staff training.

Leadership/Management

  • Leads, mentors, assesses, and motivates accountants under their direct supervision.
  • Works collaboratively with colleagues in the Controller's Team, the Finance Division, and the University community as a whole
  • Develops an understanding of the complexity and variety of the University's operations, and how those operations intersect and impact the University's financial accounting and reporting.
  • Communicates clearly and concisely, both verbally and written
  • Manifests accountability, dependability, reliability, and authenticity


Business Process Focus

  • Continuously evaluates business processes for opportunity for improvement (monthly close process, general ledger entries, account reconciliation and financial reporting)
  • Keeps abreast of tools/technology solutions which can be used to automate and streamline processes to improve general ledger related processes.
  • Recommends process updates and effectively manages agreed upon changes in a collaborative manner.

Financial Reporting and Internal Controls
  • Oversight of tracking and reporting of the University's capital projects and fixed assets, ensuring compliance with US GAAP and University policies. Preparation of fixed asset reports including acquisitions, disposals, transfers and depreciation.
  • Develops and prepares or reviews various balance sheet account reconciliations and subsidiary ledger reconciliations to the General Ledger and works to resolve differences. Ensures reconciling items are resolved on a timely basis.
  • Collaborate with Lakeside Management on accounting and financial reporting for commercial and residential tenants.
  • Monitors internal financial operations and evaluates procedures and controls for adequacy. Recommends changes or modifications to promote continuous process improvement.
  • Collects and formats data for special projects and reviews data gathered by others for accuracy. Recommends changes or modifications as needed.
  • Prepares a variety of required financial reports and surveys for both internal and external reporting requirements such as the Equity in Athletics Disclosure Act Survey and the NCAA Agreed Upon Procedures & Financial Reporting.
  • Serves as a resource for other University offices, departmental business managers concerning accounting processes and policies.
  • Plays a lead role in the month-end and year-end close processes, including the preparation of journal entries, account analyses, and audit schedules as assigned. Review journal entries and account reconciliations prepared by other department staff for reasonableness, accuracy, and completeness.
  • Assists in the preparation of financial schedules and disclosures for the annual audited financial statements such as the cash flow, statement of financial position, and statement of activities and information requested for the annual audit.
  • Oversees accounting transactions for assigned areas and provides technical accounting guidance and assistance.
  • Collaborates with other team members and departments on data requests. Addresses and responds to ad-hoc management requests and other questions from University departments.
  • Supports the development and implementation of accounting policies and internal procedures to ensure controls over transactional processing.
  • High degree of confidentiality, professionalism and self-motivation, ability to work independently and can work well under pressure
  • Performs other duties as assigned.
Minimum Education and/or Work Experience
Bachelor's Degree in accounting or finance. Skills which generally are developed with a minimum of five years of related experience.
Qualifications
Must have strong knowledge of US GAAP with emphasis on analysis, reconciliation, reporting. Ability to read, analyze and interpret professional journals, technical procedures and regulations, and university-wide and departmental policies and procedures. Excellent attention to detail. Working knowledge of a variety of business processes present at the University such as fixed asset accounting, accounting for retail leases and apartment leases, etc. Familiarity and aptitude for financial systems applications and capabilities to support business operations. Must possess strong communication and interpersonal skills necessary to deal with various levels of management. Self-starter, strong problem solving and analytical skills, strong project management experience and with the ability to meet deadlines. Must be capable of providing sound business solutions to opportunities and challenges as they arise.
Certificates/Credentials/Licenses
Bachelor's Degree in accounting or finance. Skills which generally are developed with a minimum of five years of related experience. CPA designation preferred, MBA is desirable.
Computer Skills
Proficient with Microsoft Office programs, specifically advanced Excel skills, such as pivot tables, vlookup, data sorting, data filters, formula functions. Ability to create, analyze and interpret large sets of financial data. Individual must be very familiar with financial systems and use of supporting software programs. Proficiency in information/database management and ad-hoc reporting tools is required. Knowledge of Lawson is highly preferred
Supervisory Responsibilities Yes
Required operation of university owned vehicles No
Does this position require direct animal or patient contact? No
Physical Demands None
Working Conditions None
Open Date 01/17/2025
Close Date
Position Maximum Salary or Hourly Rate $105,500.16/ann
Position Minimum Salary or Hourly Rate $105,500.16/ann
Special Instructions to Applicants
About Loyola University Chicago
Loyola University Chicago is a private Jesuit University founded in 1870 by the Society of Jesus. One of the largest Catholic Universities in the United States, Loyola's professional schools include programs in medicine, nursing, and health sciences anchored by the Loyola University Medical Center, and the Loyola University Chicago School of Law. Comprised of thirteen colleges and schools, Loyola University Chicago offers more than 80 undergraduate and 140 graduate/professional programs while enrolling approximately 17,000 students. In addition to offering a world class educational experience, Loyola University Chicago strives to be an employer of choice by offering its staff and faculty a wide array of affordable, comprehensive, and competitive benefits. Our benefits are centered on health and wellness, financial security, equity, and work-life balance. We offer medical, dental, vision, 403(b), HSA, FSAs, tuition benefit, pre-tax transit benefits, EAP, and more. To view our benefits in detail, click here.
As one of the nation's largest Jesuit, Catholic Universities, Loyola University Chicago fosters a transformative cultural experience that honors Diversity, Equity, and Inclusion. We are committed to recruiting and retaining a diverse, mission driven workforce that enables a culture of inclusivity. We act with the heart of a nonprofit organization and an academic enterprise with ethical practices that advance the Jesuit Mission. Loyola actively seeks to build a community of diverse opinions, perspectives, and backgrounds that support our Jesuit tradition, while helping Ramblers foster a sense of belonging and affinity for all.
Loyola University Chicago is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion (except where religion is a bona fide occupational qualification for the job), national origin, sex, age, disability, marital status, sexual orientation, gender identity, protected veteran status or any other factor protected by law.
Quick Link for Posting https://www.careers.luc.edu/postings/30757
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