Financial Specialist SeniorApply NowJob SummaryProvide high level administrative and post-award financial support in the execution of project grant budgets, financial planning, analysis and long-range forecasting.Mission StatementMichigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.Why Join Michigan Medicine?Michigan Medicine is one of the largest health care complexes in the world and has been the site of many groundbreaking medical and technological advancements since the opening of the U-M Medical School in 1850. Michigan Medicine is comprised of over 30,000 employees and our vision is to attract, inspire, and develop outstanding people in medicine, sciences, and healthcare to become one of the world?s most distinguished academic health systems. In some way, great or small, every person here helps to advance this world-class institution. Work at Michigan Medicine and become a victor for the greater good.What Benefits can you Look Forward to?Excellent medical, dental and vision coverage effective on your very first day2:1 Match on retirement savingsResponsibilities*Assists in the analyzing and monitoring of accounting, budgeting and collection/billing activitiesReconcile project grant budgets and expenditures in eReconciliation and M-Reports; review expenditures, investigate and resolve discrepancies;Troubleshoot procurement and vendor payment problemsEvaluate and provide interpretation of financial analyses to faculty and division administrators; meet with them on a regular basis to review their accountsMonitor expenditures on grants and contracts to ensure expenses are appropriate according to sponsors? guidelines and complying with Uniform Guidance standardsAssess changes in revenue and expenditures to ensure sponsored funds are being spent by the deadline without overspending; proactively anticipate changes in effort and gaps in fundingEffort planning responsibilities, including tracking faculty and staff effort to minimize retroactive appointment changes, initiate and submit Department Budget Earnings changesWork closely with ORSP and Sponsored Programs; coordinate budget allocations, review financial statements, FSR?s, and other compliance reports before being submitted to sponsors; assist in closing out projectsInitiate and process journal entries as needed, complying with 120-day federal guidelinesAssist in the preparation grant proposal and renewal budgets as requestedAnalyze, compare and evaluate various courses of action with authority to make independent decisions within the scope of responsibilities, with little oversight or direction from Financial Intermediate ManagerCoordinate accounting matters and collaborate with other departments, divisions, and campusWork with Financial Intermediate Manager and Department Administrator as needed for department reportsUtilize M-Reports, M-Pathways, Business Objects to initiate and process financial activitiesAct as a mentor to lower level financial specialists in the department, providing guidance, leadership and workflow expertiseSupervision:Supervision is received from the Financial Intermediate Manager and/or Division Administrator(s). Staff members in this classification are expected to work independently and regularly exercise judgement in setting priorities, resolving operational problems, and the application of policies, procedures, and methods, while maintaining the strictest of confidentiality at all times.Supervision Exercised:Functional supervision may be exercised over project grant Administrative Assistants and/or clerical assistants.Required Qualifications*Retain a high sense of ownership and accountability for workload; be flexible and resilient in the face of changeProvide excellent customer service; exercise outstanding independent judgement with the ability to multi-task and manage competing priorities and deadlinesExceptional organizational and problem solving skillsMust possess excellent written and oral communication skills, with high attention to detailSenior Level:Bachelor's degree in business, accounting, finance or equivalent work experienceA minimum of 3-5 years of post-award research administration experience is required, with proven high performance and a thorough understanding of the job responsibilitiesIntermediate Level:Bachelor's degree in business, accounting, finance or equivalent work experienceA minimum of 2-3 years of post-award research administration experience is required, with proven high performance and a thorough understanding of the job responsibilitiesDesired Qualifications*Master's degree in business, accounting, financeAdvanced Excel skills, Business Objects, M-Reports, and M-Pathways skillsExperience managing projects from a wide variety of sponsors including National Institutes of Health, American Heart Association, industry contracts, and clinical trials.Experience tracking effort and requesting effort changes on research projects, initiating journal entries, processing re-budget requestsPossess a strong understanding of University procurement policies, including business travel and hosting expense guidelinesAdvanced understanding of post-award research administration and policies, including Uniform Guidance restrictions and experience ensuring compliance with expenditures on research projectsModes of WorkPositions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about thework modes ( .Underfill StatementThis position may be underfilled at a lower classification depending on the qualifications of the selected candidate.Additional InformationPopulation Served:This position primarily serves divisional faculty.Background ScreeningMichigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.Application DeadlineJob openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.U-M EEO/AA StatementThe University of Michigan is an equal opportunity/affirmative action employer.Job DetailJob Opening ID255169Working TitleFinancial Specialist SeniorJob TitleFinancial Specialist SeniorWork LocationAnn Arbor CampusAnn Arbor, MIModes of WorkMobile/RemoteFull/Part TimeFull-TimeRegular/TemporaryRegularFLSA StatusExemptOrganizational GroupMedical SchoolDepartmentMM Pediatrics-AdministrationPosting Begin/End Date10/25/2024 - 11/01/2024Career InterestFinanceApply Now