Accounting and Financial Reporting

• Serve as custodian of the University’s general ledger system, maintain general ledger system business process controls, security access, account structure, report writer, allocation, and average-daily-cash-balance functionality.
• Coordinate, monitor, and verify journal entry data sent from other systems to the general ledger.  Provide guidance, education, training, and trouble-shooting support to owners of these systems to implement and maintain an accurate and efficient process.
• Serve as custodian of the department’s related accounting transactional online applications and their underlying tables, GL  and Cumulative Compensation online reports and their corresponding data warehouse tables.  Maintain business process controls and security access, identify issues and provide error resolution.
• Coordinate and process month and year-end general ledger closings and distribute related electronic financial reports.

• Reconcile numerous accounts and research and resolve variances, including the University bank account reconciliation.
• Maintain the functionality used for distributing investment income to participants of pooled investments.
• Perform cash, investment, and endowment accounting.
• Provide education and materials for cash handling practices and audit procedures submitted by departments for compliance with policy.
• Coordinate and support the request evaluation, distribution, and monitoring of program cash advances.

For more information, visit the Cash Handling page.

• Prepare the University’s annual Financial Report in accordance with Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB) Statements, and coordinate and prepare responses to auditors.
• Prepare the University of Iowa’s component of the State of Iowa’s Comprehensive Annual Financial Report (CAFR).
• Manage accounting for long-term debt from bonds, capital leases, and notes payable and financial reporting on interim and annual basis.
• Prepare data and analysis for establishing the fringe benefit rates for the next fiscal year and projecting future years.
• Prepare multiple financial reports, survey responses, and financial analysis on recurring and request basis for governmental agencies, educational institutions, University management, and the campus community.
• Prepare and file quarterly sales tax returns.