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University of Minnesota

Finance Professional 3 (# 376707)

Closes:

Salary: $80,000 – $90,000 per year

70
Job ID: 376707

About the Job

This position provides strategic post-award financial management, non-sponsored account oversight and departmental budget planning for the Department of Biomedical Science (VBS). As the primary finance business partner to the Department Chair and Principal Investigators (PIs), this position ensures fiscal compliance, operational efficiency, and accurate financial forecasting.

Responsibiltiies

70% Financial management and fiscal operations of Sponsored Projects.
- Oversee post-award financial management and accounting for external and internal awards to include transaction reconciliation, cost allocations and compliance auditing.
- Collaborate with pre-award staff during proposal development to establish proposal budgets and ensure transition from pre- to post-award.
- Coordinate with Sponsored Projects Administration (SPA) and Sponsored Financial Reporting (SFR) for financial reporting, communications, award amendments, and project close-outs.
- Prepare monthly, annual, and ad hoc financial reports and projections to maintain proactive award management across all sponsored accounts.
- Facilitate regularly scheduled meetings with PIs to review financial status of projects, analyze spending rends and porjects and advise on regulations and compliance requirements.
- Communicate regularly with project staff to facilitate budget changes and corrections
- Identify financial, operational, and regulatory compliance risks and issues and recommend solutions.
- Coordinate the departmental effort certification process to adhere to institutional and federal effort reporting guidelines.

20% Financial management and fiscal operations of Non-Sponsored Programs
- Assess the departmental financial environment, risks, and opportunities and appraise leadership of overall financial state.
- Recommend solutions to mitigate budget variances and address emerging financial concerns.

10% Departmental Budget Preparation
- Coordinate and construct the annual departmental operating budget in collaboration with Department Chair.
- Assess fiscal performance and advise the Department Chair on budget status, resource allocation, and long-term financial strategy.
- Determine appropriate funding sources and resources needed for departmental operations and special projects

Location and Work Environment

Remote position with expectation to be in person when deemed necessary

Work Schedule

Monday - Friday (8:00 am - 4:30 pm)

Qualifications

All required qualifications must be included in the application materials

Required Qualifications
  • BA/BS in Finances, Business Administration, Accounting or a related field plus at least four years of professional financial management experience or a combination of related education and work experience to equal eight years.

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