Senior Accountant, Corporate Accounting and Consolidations

Job Description

Be a part of a world-class academic healthcare system at UChicago Medicine as a Senior Accountant, Corporate Accounting and Consolidations. This position will be a rotational remote position, requiring you to be onsite 1-2 days per week. You will need to be based in the greater Chicagoland area. 

 

The Senior Accountant, Corporate Accounting and Consolidations, is responsible for the accurate preparation and reporting of the consolidated financial statements for the University of Chicago Health System and its related partnerships. This role supports quarterly debt compliance, investment transaction analysis, SWAP transaction management, and ensures compliance with Generally Accepted Accounting Principles (GAAP). The Senior Accountant is also responsible for the quality, accuracy, and timeliness of accounting for the organization’s investment and debt portfolios, including the recognition of short- and long-term debt, related interest, and the amortization of debt issuance costs, in collaboration with the Treasury department. Additionally, the role ensures the timely delivery of consolidated financial reports to bondholders and debt holders.

 

Essential Job Functions

• Prepare monthly journal entries and record Investment transactions, including valuation, amortization, accretion, income accruals, gains/losses, and debt instruments for both public and private markets
• Prepare monthly journal entries and record Insurance, Eliminations, and Joint Venture Partnerships, including insurance prepaid accruals, entity eliminations, and partnership revenue gain/loss recognition
• Prepare monthly journal entries and record the transactions related to the enterprise’s Debt portfolio as part of the month-end close process, including monthly interest accruals, amortization of financing costs, and recognition of debt service payments. This also includes accounting for SWAP transactions

• Reconcile investment transactions with custodian records and internal systems to the general ledger, including monthly and quarterly investment roll-forwards to ensure quality of investment balances, recognition of unrealized / realized gains and losses and accuracy of reporting cash and investments

• Reconcile all outstanding long- and short-term debt, accrued interest, and related amortized bond/debt financing costs including all short and long term debt balances
• Preparing monthly, quarterly, and annual bond and debt compliance financial reports in accordance with financial reporting requirements including consolidations, audit roll forward schedules for all financial statements, preparation of quarterly and annual bond compliance
• Maintain accurate records of investment transactions, including purchases, sales, and income received, while ensuring compliance with accounting standards and regulatory requirements
• Support audit activities, including preparation of annual audit work papers, investment and debt roll-forwards, and all financial statements including cash flow statements with explanations related to investment transactions and financial reporting
• Participate in special projects and operational improvement initiatives as requested by leadership

 

Required Qualifications

• Bachelor's degree in Accounting and Finance
• Minimum of 5-6 years experience
• Proven experience in investment and Debt accounting, preferably in a financial institution, investment firm or corporate investment function
• Strong understanding of generally accepted accounting principles and concepts including consolidations of wholly and partially owned subsidiaries
• Knowledge of large scale, complex Enterprise Resource Planning (ERP) systems and the impacts of how transactions flow
• Strong understanding of generally accepted accounting principles and concepts including Revenue, Prepaids, Accruals, Inventory, etc.
• Advanced computer skills required including knowledge and proficiency with spreadsheet and database programs
• Excellent written and oral communication skills are essential and be able to articulate issues in a precise, substantive manner

 

Preferred Qualifications  

• CPA or CFA certification  
• Experience in an investment firm or corporate investment function
• Non for-profit accounting experience

 

 

Position Details  

• Job Type/FTE: Full Time (1.0FTE)   
• Shift: Days   
• Unit/Department: Financial Reporting   
• Location: Flexible Remote/ Burr Ridge, IL    
• CBA Code: Non-Union   

 

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To apply, please email your resume to Bobbi.Landini@uchicagomedicine.org.