Position Details
Position Details
Job Title |
Accounting Manager |
Position Number |
8100255 |
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 the direction of the Senior Director, 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 oversight for preparation and coordination of the annual financial statements and related disclosures, endowment and investment accounting, endowment set up administration, auxiliary services (e.g. Conference and Retreat Services, Fitness Center, etc.), John Felice Rome Center, and oversight of University bank and balance sheet Account reconciliations.
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 opportunities for improvement (monthly close process, general ledger entries, account reconciliations 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
- Primary oversight general ledger accounting areas including bank and balance sheet reconciliations, endowment and investments, auxiliary services (e.g. Conference and Retreat Services, Fitness Center, etc.) and John Felice Rome Center.
- 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.
- 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.
- 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. May review Journal entries and Account reconciliations prepared by other Department Staff for reasonableness, accuracy, and completeness.
- 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.
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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. 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.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed herein are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. |
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 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 |
01/20/2025 |
Close Date |
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Position Maximum Salary or Hourly Rate |
$105,500.16/ann |
Position Minimum Salary or Hourly Rate |
$105,500.16/ann |
Special Instructions to Applicants |
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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.
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Quick Link for Posting |
https://www.careers.luc.edu/postings/30765 |
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