- Accountant/Financial Analyst
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The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Large Employers in 2023.
Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.
The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.
Posted Job Title
Job Profile Title
Job Description Summary
This position reporting to the Sr. Capital Accounting Manager has daily operational responsibility in accounts payable functions, general ledger accounting and recording general and budget journal entries.
This accountant is responsible for managing and reviewing purchase orders and change orders, interpreting contract language relative to Construction Management rates, general conditions and self-performed work. The total project budgets can range from $100k to $500 million.
In addition to daily responsibilities this accountant is responsible to work closely with the project managers to comprehensively review and analyze complex Construction Applications for Payment (AIA documents) for accuracy, completeness and forecasting of cash flows. They must summarize, track and report exceptions and future corrections to executive management in order to minimize audit findings.
This role is required to generate reports and complete project reconciliations comparing both expense and accrual items between EBuilder the program management system and BEN Financials, ensuring compliance with Generally Accepted Accounting Principles (GAAP) and utilizing capital accounting procedures for accurate evaluation and recording of Construction in Progress (CIP). This accountant must identify, analyze, investigate and correct variances between BEN Financials and EBuilder.
This role would produce reports for executive management, utilizing data from existing systems or recommending innovative ways of connecting information from various systems to calculate the cost per square foot of renovation versus new construction or average cost of space per classification, i.e. lab, classroom, office or other space type.
Upon project substantial completion and at close out, the accountant categorizes costs in project componentizations, such that construction items (i.e. interior, roof, HVAC, plumbing, electric) are depreciated accurately and timely. The accountant must review and analyze project costs and design custom reporting to be utilized in establishing a threshold in which to consult with FRES executive management / Comptroller's Office / external auditors on whether the project extends the useful life of a building or should be expensed as Operations and Maintenance (O&M).
This role must exhibit excellent analytical, verbal and written communication and customer service skills when interacting and presenting complex financial management reports to executive management, Project Manager's, construction contractors and other vendors.
- Four Year bachelor's degree in accounting from an accredited university/college or a combination of an associate degree in accounting or business and at least 7 years of general accounting or construction accounting experience.
- Minimum 3-5 years of progressive experience in accounting.
- Strong knowledge of general accounting functions and adherence to Generally Accepted Accounting Principles.
- Proficiency using Microsoft Office suite (Excel, Outlook, and Word) required.
- Must have strong analytical skills along with attention to detail and accuracy in reporting and posting entries.
- Accounting experience in construction industry, knowledge of construction billing, AIA documents, knowledge of project contracts and change order documents.
- Experience preparing cash flow projections and cost to budget report and/or presenting reports to senior leadership.
- Experience in using Business Objects reporting tools, Oracle Financial system preferred.
- Experience using e-Builder project management system
Job Location - City, State
Philadelphia, PennsylvaniaAccountant/Financial Analyst
Department / School
Facilities and Real Estate Services
$51,824.00 - $78,000.00 Annual Rate
Salary offers are made based on the candidate's qualifications, experience, skills, and education as they directly relate to the requirements of the position, as well as internal and market factors and grade profile.
Affirmative Action Statement
Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.
Background check required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.
- Health, Life, and Flexible Spending Accounts: Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.
- Tuition: Take advantage of Penn's exceptional tuition benefits. You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.
- Retirement: Penn offers generous retirement plans to help you save for your future. Penn's Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.
- Time Away from Work: Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family-whatever your personal needs may be.
- Long-Term Care Insurance: In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you're newly hired, you won't have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.
- Wellness and Work-life Resources: Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That's why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.
- Professional and Personal Development: Penn provides an array of resources to help you advance yourself personally and professionally.
- University Resources: As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University's libraries and athletic facilities, or visit our arboretum and art galleries. There's always something going on at Penn, whether it's a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you're right in the middle of the excitement-and you and your family can enjoy many of these activities for free.
- Discounts and Special Services: From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.
- Flexible Work Hours: Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.
- Penn Home Ownership Services: Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.
- Adoption Assistance: Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.
To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay
To apply, visit https://wd1.myworkdaysite.com/en-US/recruiting/upenn/careers-at-penn/job/Left-Bank-Facilites--Real-Estate-Services/Accountant-Financial-Analyst_JR00072228
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