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Faculty Research Accounting Analyst

University of Chicago

Chicago, ILHybridPosted 32 days ago$64,000 - $72,000/year
Full TimeMid LevelCorporate FunctionsAcademic
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Summary

Provide comprehensive planning, budget preparation and monitoring, and accounting support to faculty for their research budgets. This includes serving more than 150 faculty members, many of whom have multiple research accounts, such as discretionary funds and internal awards.

Job description

Responsibilities

  • Works as a consultant in managing, monitoring, and maintaining faculty research projects for discretionary and internal awards that includes projections more than one year.
  • Builds relationships with faculty by monitoring budget balances, expenses, and encumbrances on a monthly basis, and notifying them when their budgets are approaching a deficit.
  • Performs accounting duties that align with the complexity of Booth instruction and research activities that adjusts funding to maintain faculty project and award information, such as transaction review and analysis, funds transfers, and cost corrections.
  • Processes and submits invoices and reimbursement requests, as well as prepare expense reports for approval while monitoring the budget.
  • Assists with budgeting activities, including loading the fiscal year budget, rolling over balances, allocating Executive MBA budget and Course Coach budgets, and reconciling to the master budget report.
  • Maintains and updates faculty projects and awards in the Oracle ERP accounting system, including creating new projects and awards; increasing or decreasing funding; closing projects and awards; and updating other relevant information.
  • Works with supervisor to assist with ad-hoc reporting and analysis as requested from the Dean’s office.
  • Communicates and ensures faculty are compliant with both University and Booth financial policies.
  • Crosses collaboration with Booth’s procurement and payables team who manage contracts, purchasing, and invoice payments.
  • Works with staff across various Booth departments on matters related to faculty research projects, such as Human Resources, IT, Faculty Services, and Data Governance, etc.
  • Performs a variety of operating or cost accounting activities which require moderate knowledge of accounting theories and principles.
  • Has a moderate/high level of authority in drafting income and balance sheet statements, consolidated statements, and various other accounting statements and reports.
  • Performs other related work as needed.

Minimum Qualifications

Education: Minimum requirements include a college or university degree in related field. Work Experience: Minimum requirements include knowledge and skills developed through 2-5 years of work experience in a related job discipline.

Preferred Qualifications

Education: Bachelor’s degree in accounting or finance. Experience: Accounting and financial reporting experience. Certifications: CPA. Technical Skills or Knowledge: Demonstrated proficiency with MS Office (Word, Excel, PowerPoint, and Outlook).

Preferred Competencies

  • Outstanding verbal, written, and presentation skills, as well as organizational skills.
  • Excellent strategic planning, critical thinking, and analytical skills.
  • Handle multiple detailed tasks/projects simultaneously and meet strict deadlines with frequent interruptions.
  • Demonstrated ability to work effectively and diplomatically with colleagues and faculty in a multitude of communication methods, including in person, email, and phone.
  • Professional demeanor, including tact, discretion, and a customer service-oriented approach.

Working Conditions

This position is currently expected to work a minimum three days per week in the office.

Requirements

  • College or university degree in related field
  • 2-5 years of work experience in a related job discipline
  • Demonstrated proficiency with MS Office (Word, Excel, PowerPoint, and Outlook)
  • Outstanding verbal, written, and presentation skills
  • Organizational skills
  • Excellent strategic planning, critical thinking, and analytical skills
  • Handle multiple detailed tasks/projects simultaneously and meet strict deadlines with frequent interruptions
  • Demonstrated ability to work effectively and diplomatically with colleagues and faculty in a multitude of communication methods, including in person, email, and phone
  • Professional demeanor, including tact, discretion, and a customer service-oriented approach

Benefits

  • Health insurance
  • Retirement programs
  • Paid time off

Company overview

The University of Chicago is a world-renowned private research university founded in 1890 and located in Chicago's Hyde Park neighborhood. As a premier academic institution, it operates one of the most comprehensive biomedical research enterprises in the United States through its Biological Sciences Division, which includes over 1,100 faculty members across 10 basic science and 14 clinical departments. The university manages extensive research infrastructure including the University of Chicago Medicine Comprehensive Cancer Center, multiple specialized research institutes, and maintains affiliations with Argonne National Laboratory and Fermi National Accelerator Laboratory. With research funding exceeding $450 million annually and more than 3,300 patents filed since 1987, the institution is a global leader in scientific discovery and innovation. The Biological Sciences Division alone supports over 500 research-active faculty who secure an average of $588,000 in NIH funding per principal investigator, focusing on areas including cancer biology, immunology, microbiology, molecular metabolism, neuroscience, and evolutionary biology. The university's commitment to interdisciplinary research and its unique position as manager of national laboratories creates unparalleled opportunities for translational research and scientific advancement.

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