Financial Specialist

2 weeks ago

Richmond, United States Virginia Commonwealth University Full time

**Summary**

The Wilder School's mission is to:

- Engage, teach, and inspire students and leaders to understand and solve challenges in our world.
- Advance research that informs public policy and decision-making to improve our communities.
- Collaborate with communities through innovative partnerships to enhance the quality of life.

The Wilder School's vision is to be the premier resource for public policy expertise and social equity in public safety, governance, and economic and community development. The 2024 U.S. News and World Report rankings confirm the Wilder School among the top 15% of graduate schools of public affairs at No. 39 and tied for No.1 in Virginia. The School is also ranked No. 19 in Social Policy, No. 28 in Urban Policy, and No. 33 in Public Management and Leadership. The Wilder School has over 1,500 students and more than 11,000 alumni, with an established environment where diverse perspectives thrive and where a common interest in public service and the betterment of society unites these perspectives together. Our academic excellence attracts the highest quality faculty, staff, and students, and our graduates are leaders in their professions.

Our location in Richmond, the capital of the Commonwealth of Virginia, combined with our proximity to Washington, DC, provides numerous opportunities for engaged scholarship, teaching and community engagement activities. A creative, interdisciplinary School with both academic programs and training/research centers in the social sciences and professional arenas, we reflect the diversity of the communities we serve, providing students and faculty with the knowledge, skills, opportunities, and experience necessary for success.

For additional information about the Wilder School

**Typical Duties**
- Execute all fiscal transactions and maintain a high-level knowledge in areas related to procurement, travel, reimbursements, Banner finance, and other fiscal areas.
- Perform monthly reconciliations for all Banner indexes, including payroll, and review with appropriate Directors for approval; reconcile revenue from tuition as needed.
- Determine and execute appropriate budget entries to appropriately fund operations.
- Serve as the primary point of contact for faculty and staff for questions on fiscal transactions and provide a high level of proactive customer service related to fiscal coordination.
- Prepare and deliver both regular and ad hoc reports on expenditures compared to budget, analysis of expenditure type, and projections of future expenditure needs.
- Assist with the budget development process, including revenue projection and expense allocations.
- Demonstrate a commitment to risk assessment (considering cost, benefit, and impact) and risk management.
- Ensure accurate and timely approval of financial transactions, and provide oversight of procurement activities
- Serve as the point of contact for VCU Foundation funds and initiate transfers to appropriate Banner indexes to cover expenses, including processing scholarships.
- Serve as fixed asset custodian and conduct annual fixed asset inventory.

**Typical Education & Experience/Minimum Hiring Standards**
- Degree from an accredited institution in finance, accounting, business administration or related field; or a combination of education and equivalent work experience at a level that equates to a degree.
- Budgetary/accounting experience with multiple fund sources.
- Practical knowledge of Generally Accepted Accounting Principles (GAAP).
- Demonstrated ability to work collaboratively and cooperatively in a large complex organization with the ability to work both independently and as a contributing member of a team.
- Excellent written and verbal communication skills; excellent organizational skills and high attention to detail.
- Ability to effectively communicate with a wide range of individuals at varying administrative levels within the university.
- Demonstrated experience working in and fostering a diverse faculty, staff and student environment or commitment to do so as a staff member at VCU.
- Ability to set priorities, handle multiple tasks simultaneously and work independently with little supervision.
- Experience in expense forecasting and financial reconciliation.
- Proficiency with Microsoft Excel in the creation, design, and editing of financial spreadsheets.

**Preferred Hiring Standards**
- Strong financial experience in a university or comparable setting.
- Experience working with VCU business systems including Banner, SAS, ChromeRiver and Realsource and familiarity with university policies.

**Core Duties and Responsibilities**
- Risk Management - demonstrate a commitment to risk assessment (considering cost, benefit, and impact). Utilize identified internal control mechanism; practices routine verification of the accuracy of data.
- Reconcile all assigned indexes in the finance dashboard, and maintain documentation of corrective actions.
- Maintain records of amounts sp

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