Location: OaklandFull Time Job ID: 43675 Job Posting
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UC OFFICE OF THE PRESIDENT
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The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
The Office of Risk Services is responsible for developing and implementing Enterprise Risk Management system wide, identifying and developing strategies to minimize the impact of risk, developing a center of excellence for managing risk, reducing costs and improving safety by executing new ideas and strategic plans in a rapid manner. By strategically managing risk we can reduce the chances of loss, create greater financial stability and protect our resources in support of UC's mission.
Reporting to the Director of Finance and Operations of Risk Services, at the Office of the President, the Risk Services Financial Analyst serves as a key member of the department's Administration team, working in a high-volume and fast-paced environment with changing priorities requiring tact, political acumen, diplomacy, and discretion, across a wide variety of complex and sensitive matters. This position is critical in supporting development of financial plans and analysis of variances and performance results in support of UC's mission and goals.
The Risk Services Financial Analyst is responsible for supporting the annual budget, quarterly forecasting, financial analysis, reporting, reconciliation, and month end review of General Ledger. The incumbent is responsible for working with the executive directors and program managers of the various self-insured insurance programs to ensure accurate processing of advanced financial transactions and application of industry best practices in accordance with organization and university policies and procedures.
The incumbent will apply accounting knowledge to ensure all financial transactions align with the organization budget and in compliance with UC financial, travel, event, personnel and document retention policies and procedures. The incumbent will be responsible for identifying, developing, documenting and communicating process improvements and department policies and procedures. The position will support on-going financial processes and deadlines as well as ad-hoc projects as assigned.
The Financial Analyst will support managers and leadership with understanding of financial positions and opportunities through professional communications and development of comprehensive reporting and presentation with stakeholders across the UC system. Working independently, this position exercises sound judgment within defined accounting procedures and practices. The Financial Analyst must have strong self-initiative and be able to prioritize and complete multiple projects on tight timeframes.
Applies accounting best practices to process and/or review financial transactions and ensure accuracy of general ledger. Serves as the primary financial support of designated Risk Services programs and initiatives. Working with the with the general accounting and benefit accounting teams manage the daily financial operations and financial position of the Risk Services programs of the UC general ledgers transactions.
Applies advanced professional concepts to perform complex financial analysis to understand past performance and determine present and future performance and / or resource allocations. Provides analytical support for budget, financial, and resource projects dealing directly with department managers and / or outside constituents.
Develops and prepares quarterly financial reports, insights, and/or analysis for mangers and leadership to enable decision making. Provides complex analysis and performance metrics to measure performance against budget targets throughout the year, ensuring fund/department balances are valid and department revenue/expenses are booked appropriately. Provides analytical support for complex budget, financial, or resource analysis projects which also includes Fiscal Close. Supports ad-hoc financial analysis projects as required.
Gathers, analyzes, prepares, and summarizes recommendations for financial and / or resource plans, including annual resource allocation approaches, future requirements, operating forecasts, sources and uses, etc. Uses advanced understanding of industry best practices and organizational procedures to resolve highly complex or difficult assignments. Makes recommendations on maintaining and strengthening internal controls to protect University resources.
Uses advanced understanding of industry best practices and organizational policies and procedures to resolve highly complex or difficult assignments. Makes recommendations on maintaining and strengthening internal controls to protect University resources.
Advanced financial reporting and analysis skills with ability to develop complex financial models, summarize financial reports and complete ad-hoc analysis.
Ability to independently gather required information to organize, and perform financial analysis assignments. Must have the ability to identify issues; analyze data; develop, recommend, and implement, solutions; and convert data to actionable information and recommendations.
Proven ability to effectively present information verbally and in writing in a clear and concise manner. Must be adept at presenting information in a tactful and diplomatic manner, clearly and concisely conveying technical information, both written and verbal, to a broad audience. Ability to act consistently in exercising independent judgment and discretion in matters of significance.
Proven ability using spreadsheet and database software for complex financial analysis, fiscal management, and financial reports. Advanced experience with Microsoft Excel and ability to synthesize large amounts of data. Database skills preferred.
Strong service orientation and critical thinking skills and attention to detail. Proven ability using organizational skills to multi-task in a high volume environment. Exceptional interpersonal and collaborative skills and ability to establish strong rapport and partnerships at all levels of the organization. Self-directed and able to work well and communicate effectively in a team environment. Hands on and able to work with minimal supervision.
Thorough knowledge and understanding of internal control practices and their impact on protecting University resources.
Analytical background as it pertains to identifying and effectively explaining financial drivers to finance and business leaders.
Strong understanding of general accepted accounting principles in non-profit and/or government entities.
Working knowledge of finance policies, practices, and systems. Includes Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards (GAS), OMB A-21, and University regulations.
Proficiency with enterprise level accounting and planning software.
Proven ability with in-depth knowledge to utilize SQL and SQL Server databases, Tableau, Microsoft Excel, SmartView and other reporting software to analyze data and generate ad-hoc reports.
Experience with Oracle Cloud Financials.
Demonstrated knowledge of the University's budgetary and accounting policies and procedures and budget and financial systems.
Experience or certification such as a CPA, which would demonstrate the individual's knowledge, skill, and ability to perform the essential duties and responsibilities listed above.
Bachelor degree in Finance, Accounting, Economics or an allied field and a minimum of 5 years of experience.
Advanced degree in accounting, finance, business administration or CPA (Preferred).
Hybrid position. Campus, medical center or other university setting and various external venues.
SALARY AND BENEFITS
Salary: $112,000 - $131,100 commensurate with experience
Career Tracks Title: Financial Anl 4, MSP Grade 24
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is October 26, 2022. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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The UCPath Center is the transactional hub for human resources, payroll, benefits, general ledger, workforce administration and academic processes across the entire University of California system.Located in Riverside, California, the UCPath Center will serve more than 200,000 employees from each UC campus and medical center as well as vendors, location administrators, and policy makers from the University of California Office of the President.