Senior Financial Analyst - Division of Finance

University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn’s distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America’s Best Large Employers in 2023.

Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.

The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.

Posted Job Title

Senior Financial Analyst - Division of Finance

Job Profile Title

Accountant/Financial Analyst Senior

Job Description Summary

The Senior Financial Analyst role performs significant aspects of Penn’s external reporting and analysis process, including related internal controls and monthly closing procedures, and highly technical and complex accounting/reporting research.

Significant responsibilities and duties include:

1. Provide accounting support including analysis and corresponding reconciliations and reporting of intercompany activity that occurs between the University and its related entities; specifically, the University of Pennsylvania Health System (“UPHS”). Monitors and processes transactions daily.

2. Reconcile University’s bank accounts monthly. Provide accounting activities involving the intercompany partners including invoicing, payables, and receivable balances detail review. Support efforts to improve and harmonize processes and controls within the intercompany partners.

3. Assist in the preparation of consolidated financial statements, including intercompany eliminations. Investigate and resolve any discrepancies or variances in intercompany accounts promptly. Collaborate effectively with various teams, subsidiaries, and external auditors to address queries and provide necessary information. Liaison with the Commonwealth on annual University appropriation. Prepare reoccurring billing statements to facilitate receipt of payments.

4. Assume ownership of fixed asset general ledger accounts and serve as a subject matter expert. Provide guidance to departments regarding the determination of capital vs. operating expenses based on GAAP regulations. Monitor and process transactions daily, ensuring completed construction projects are properly accounted for and capitalized in a timely manner, including tracking go-live dates for depreciation.

5. Prepare monthly fixed asset and construction in progress roll-forward reports and ensure all fixed asset reconciliations are completed and reviewed on a timely basis. This also includes the completion of the University’s moveable equipment inventory cycle in various locations and facilities.

6. Work fluently in the University’s Oracle-based enterprise system, BEN Financials (BEN), and reconcile to general ledger and other applicable ledgers. Create and post various general ledger journal entries and analyze/reconcile various general ledger work papers to the general ledger. Support enterprise system conversions or upgrades, and champion for process automation/improvements efforts and system changes. Interprets, executes, and recommends modifications to processes, policies, and practices.

7.