Salary is commensurate with education and experience.
The University of Washington (UW) is proud to be one of the nation's premier educational and research institutions. Our people are the most important asset in our pursuit of achieving excellence in education, research, and community service. Our staff not only enjoys outstanding benefits and professional growth opportunities, but also an environment noted for diversity, community involvement, intellectual excitement, artistic pursuits, and natural beauty.
Financial Accounting has an outstanding opportunity for a Cash Management Compliance Specialist. The Cash Management Compliance Specialist is a key member of the Banking and Accounting (B&AO) team and exercises substantial responsibility for examining and analyzing institutional fiscal practices and procedures for compliance with state and federal banking regulations, state law, Governmental Accounting Standards Board (GASB) requirements, and best practices for effective controls. Fiscal practices within the position include management of university bank accounts, cash management, and use of payment tenders. This position recommends policies and procedures which ensure compliance and is key to their implementation across the university.
Duties and Responsibilities:
Examine and Analyze Institutional Fiscal Activity
Examine, analyze and prepare institutional level bank reconciliations for UW to ensure compliance with federal and state laws as well as UW policies.
Evaluate timeliness of the application of receivables by campus departments. Escalate aged entries to review by Financial Management leadership.
Analyze trends in institutional level transaction activity, across multiple UW bank accounts, to identify potential fraud or other risks.
Audit unreconciled activity and reach out to campus departments and UW affiliates in both domestic and international locations to resolve.
Partner with internal audit to research and analyze outliers in UW fiscal activities including bank activity and accounting entries.
Examine, analyze and prepare bank reconciliations for central administrative UW campus departments, including Accounts Payable and Student Fiscal Services, to ensure compliance with federal and state laws.
Examine, analyze and prepare reconciliations for UW per diem card, cash card and gift card activity to ensure compliance with federal and state laws.
Lead efforts in establishing monitoring programs and creating reconciliations for new payment methods, accounts payable and other banking tools.
Serve as the primary point of contact for issues between UW and its subsidiaries and state agencies to resolve accounting issues.
Report results of analysis and reconciliations to UW leadership; make recommendations as needed.
Ensure Compliance with Accounting Best Practices
Serve as a subject matter resource for campus departments in preparing accounting entries compliant with GASB accounting principles.
Review and advise campus departments on preparation of their accounting entries. Recommend implementation of appropriate accounting principles.
Assist in troubleshooting accounting issues and preparation of corrections as needed.
Prepare complex accounting entries on behalf of campus departments.
Prepare daily cash forecasting for UW.
Coordinate campus deposit/withdrawal activity and document daily.
Manage forecasting calendar to ensure recurring payment activity is captured in daily forecast.
Initiate daily wire transfer of funds between UW main bank account and UW investment bank as needed.
Coordinate large dollar payments between Payroll, Benefits, Harborview, King County and the State of Washington for all UW pay periods.
Participate in change management projects for B&AO processes; work with B&AO leadership in making the transition from paper-driven production work to online processing and analysis with campus partners.
Troubleshoot customer issues with B&AO web applications; escalate to IT when needed.
Post metrics for Lean report-out and assigned B&AO visual systems.
For detailed information on Benefits for this position click here.
Bachelor's degree in Accounting or related field
Minimum 5 years successful operational experience in the accounting or banking fields
Proven interpersonal skills; ability to communicate in a direct, positive manner that engages dialog and resolves differences
Established experience using online tools for daily work and data extraction
Excellent analytical and critical thinking skills
Demonstrated ability to work independently; problem solve, take initiative, set priorities, and work multiple priorities efficiently and effectively
Excellent written and verbal communication skills
Equivalent education/experience will substitute for all minimum qualifications except when there are legal requirements, such as license/certification/registration.
Knowledge of UW financial systems
Knowledge of CashPro, SinglePoint and CEO banking platforms
Relevant experience working at the institutional level of a large, complex organization
CONDITION OF EMPLOYMENT:
Application Process: The application process for UW positions may include completion of a variety of online assessments to obtain additional information that will be used in the evaluation process. These assessments may include Workforce Authorization, Criminal Conviction History, Cover Letter and/or others. Any assessments that you need to complete will appear on your screen as soon as you select Apply to this position. Once you begin an assessment, it must be completed at that time; if you do not complete the assessment you will be prompted to do so the next time you access your My Jobs page. If you select to take it later, it will appear on your "My Jobs" page to take when you are ready. Please note that your application will not be reviewed, and you will not be considered for this position until all required assessments have been completed.
Appointment to this position is contingent upon obtaining satisfactory results from a criminal background check.
Founded in 1861, the University of Washington is one of the oldest public institutions in the west coast and one of the preeminent research universities in the world. The University of Washington is a multi-campus university comprised of three different campuses: Seattle, Tacoma, and Bothell. The Seattle campus is made up of sixteen schools and colleges that serve students ranging from an undergra...duate level to a doctoral level. The university is home to world-class libraries, arts, music, drama, and sports, as well as the highest quality medical care in Washington State and a world-class academic medical center. The teaching and research of the University’s many professional schools provide undergraduate and graduate students the education necessary toward achieving an excellence that will serve the state, the region, and the nation. As part of a large and diverse community, the University of Washington serves more students than any other institution in the Northwest.