This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/11850543 Department

F&A FIN - Tax Accounting

About the Department

Accounting Services is a group of dedicated individuals serving the University by providing support and assistance with a wide variety of accounting issues. Our primary responsibilities include:

Agency Funds

Capital Assets

Cost Analysis

Endowment and Gifts

Financial and Tax Reporting

General Accounting Services

Job Summary

This position provides professional support and solves straightforward problems related to accounting policies and controls, fiscal controls, preparing financial reports and safeguarding assets. Maintains accounting and financial records, including general ledger, financial statements, regulatory and management reports at the instruction of others.

Responsibilities

• Assists in overseeing tax compliance for the University. Under direct supervision, assists with the preparation and timely filing of 990 tax returns for the University and related organizations.
• Compiles data for review of unrelated business income and other reporting issues for the 990T tax return.
• Performs tax research and stays informed about changing tax laws impacting higher education.
• Performs a variety of routine operating or cost accounting activities which require basic knowledge of accounting theories and principles, for the tax returns and foreign operations.
• Prepares unrelated business income work papers for various campus activities.
• Assists with preparation of W-9 and other FATCA compliance forms.
• Assists with preparation and filing of form 720 tax returns.
• Assists in compiling K-1 returns for NII and UBIT analysis.
• Reviews campus compliance with sales and use tax.
• Maintains and updates related organization database.
• Assists in preparation of external survey requests based upon 990 information.
• Works closely with financial services staff on various accounting issues.
• Assists with the preparation of year-end financial statement work papers.
• Performs a variety of routine operating or cost accounting activities which require basic knowledge of accounting theories and principles.
• Examines accounting records for the purpose of determining gains and losses, receipts and disbursements, and inventory.
• Performs other related work as needed.

Minimum Qualifications

Education:

Minimum requirements include a college or university degree in related field.

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Work Experience:

Minimum requirements include knowledge and skills developed through ---

Certifications:

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Preferred Qualifications

Education:

• Bachelor\'s degree in accounting or business administration, with a concentration in accounting.
• Master of Science in taxation (MST) or CPA.

Experience:

• One to two years of relevant tax and accounting experience.

Technical Skills or Knowledge:

• Knowledge of federal income tax related to higher education.
• Knowledge of Generally Accepted Accounting Principles (GAAP).
• Proficiency with Microsoft Office (Word, Excel, PowerPoint).
• Experience with tax software such as ProSystem FX and C-TRAC.
• Research tax issues for compliance with federal, state, and local tax regulations.
• Communicate tax and accounting information clearly and concisely.

Preferred Competencies

• Excellent verbal and written communication skills.
• Attention to detail.
• Strong analytical and problem-solving skills.
• Think strategically and translate into operational objectives.
• Independently develop and analyze alternative solutions and make recommendations.
• Establish and maintain relationships at all organizat onal levels.
• Work effectively and gracefully under considerable time pressure to meet tax deadlines.

Working Conditions

• Work non-traditional hours when necessary.

Application Documents

• Resume/CV (required)
• Cover Letter (required)
• References Contact Information (3)(required)

When applying, the document(s) MUSTbe uploaded via the My Experience page, in the section titled Application Documents of the application.

Job Family

Financial Management

Role Impact

Individual Contributor

FLSA Status

Exempt

Pay Frequency

Monthly

Scheduled

Weekly Hours

37.5

Benefits Eligible

Yes

Drug Test Required

No

Health