Senior Financial Analyst - Hybrid

Job Posting Title:

Senior Financial Analyst - Hybrid

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Hiring Department:

Payroll Services

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Position Open To:

All Applicants

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Weekly Scheduled Hours:

40

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FLSA Status:

Exempt

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Earliest Start Date:

Immediately

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Position Duration:

Expected to Continue

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Location:

AUSTIN, TX

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Job Details:

General Notes

This position is open to be being a hybrid position with a flexible schedule available within standard business hours . Overtime may be required during peak processing times.

Payroll Services at The University of Texas at Austin is responsible for producing and distributing payroll for approximately 29,000 employees. Payroll processes monthly, semi-monthly and off-cycle payrolls for employees of the university. Our Benefits and Deductions Teams are responsible for deducting, remitting and reporting payroll deductions and other payroll information to UT System Administration, state and federal agencies, and third-party vendors. We ensure compliance with federal, state and university laws and guidelines.

Your skills will make a difference.

You’ll be working for a university that is internationally recognized for our academic programs and research. Your work will make a difference in the lives of FAS staff, thereby enhancing the student experience. If you’re the type of person that wants to know your work has meaning and impact, you’ll like working in our department and for UT Austin. UT Austin provides an outstanding benefits package including but not limited to:

• Competitive health benefits (employee premiums covered at 100%, family premiums at 50%)
• Voluntary Vision, Dental, Life, and Disability insurance options
• Generous paid vacation, sick time, and holidays
• Teachers Retirement System of Texas, a defined benefit retirement plan, with employer matching funds
• Additional Voluntary Retirement Programs: Tax Sheltered Annuity 403(b) and a Deferred Compensation program 457(b)
• Flexible spending account options for medical and childcare expenses
• Robust free training access through LinkedIn Learning plus professional conference opportunities
• Tuition assistance
• Expansive employee discount program including athletic tickets
• Free access to UT Austin's libraries and museums with staff ID card
• Free rides on all UT Shuttle and Austin CapMetro buses with staff ID card
• For more details, please see: https://hr.utexas.edu/prospective/benefits and https://hr.utexas.edu/current/services/my-total-rewards .

Must be authorized to work in the United States on a full-time basis for any employer without sponsorship.

Purpose

Serve as a member of the Finance Team in Payroll Services, primarily to provide analysis of financial systems involving the recording, examination, maintaining, and reporting of financial/payroll data.

Responsibilities

• Prepare, examine, analyze, maintain, and reconcile all payroll accounts to the general ledger balance on a monthly basis. Identify and track outstanding transactions to ensure financial integrity and assess accuracy, completeness, and conformance of employee records and departmental charges. Follow up with payroll users to clear discrepancies, prepare adjusting journal entries, payroll adjustments and refunds, as needed. Provide monthly status to Finance Manager.
• Serve as Payroll liaison for financial audits and compliance efforts with internal and external entities. Serve as Payroll liaison for Open Records Requests and Subpoenas. Coordinate the gathering of supporting documentation and work with payroll team members and leadership to review, respond, and resolve audit findings and recommendations.
• Analyze payroll related employer costs and propose pooled fringe rate annually, taking into account actual employer costs and over/under analysis from prior years. Work with federal consultant to draft pooled fringe rate proposal. Answer departmental questions related to pooled fringes.
• Develop, implement, modify, and document recordkeeping and accounting processes, making use of current technology in order to ensure appropriate internal controls. Analyze departmental financial operations and make recommendations for policy and/or procedural changes. Analyze fiscal accounting and financial systems. Interpret and ensure compliance with federal, state, and University policies.
• Work with Cash Management, Accounting and Financial Management, and the Budget Office to ensure payroll and fringe benefit expenditures are appropriately categorized