Job Posting Title:
Senior Financial Analyst
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Hiring Department:
Office of Accounting
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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:
Texas
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Job Details:
General Notes
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 university 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
- 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 an ongoing, full-time basis for any employer without sponsorship.
Purpose
Oversee federal and multi-state payroll tax reporting and deposits for the University. In addition, analyze and account for federal income tax and handle other tax issues as assigned.
Responsibilities
- Review and prepare Form 1099 NEC, 1099 MISC, and 1042-S tax forms. Assist with decisions regarding independent contractor and employee classifications. Review reports and update independent contractor records as needed. Communicate updates with related departments and coordinate with other Tax Services team members for proper reporting. Reconcile 1042S tax accounts throughout the year. Respond to student and independent contractor questions about tax forms issued by the University.
- Monitor and assist with employee federal tax issues. Oversee issuance of W-2s and W-2Cs. Respond to employee questions regarding tax forms issued by the University. Process IRS tax deposits and prepare quarterly IRS Form 941 and annual IRS forms, such as Form 945 and Form 1042. Research the IRS Code and interpret regulations to ensure compliance with tax laws. Correspond with IRS and Social Security Administration regarding tax issues.
- Track and report Unrelated Business Income tax (UBIT) activities throughout the year. This includes logging UBIT activities as notifications are received in email and other sources, following up with departments on outstanding items, and preparing supporting documentation for year-end reporting.
- Analyze system requirements and business process changes needed to comply with laws and policies. Collaborate with technical support and other cross functional teams as needed to help evaluate, test and implement changes to computer and software systems.
- Act as the point of contact within the Tax Services department for sales and use tax & ad valorem tax for the University. Respond to related inquiries and handle required remittance and reporting of these taxes.
- Other related functions as assigned, including backup during high volume periods and vacancies.
Required Qualifications
- Bachelor's Degree: Finance, Accounting or Business Administration and six years of relevant experience.
- Strong interpersonal, communication and organizational skills.
- Ability to multi-task with an attention to detail.
- Ability to work collaboratively or independently depending on the situation with minimal supervision.
- Ability to prioritize tasks with potentially overlapping deadlines.
- Ability to be flexible with schedules during high volume periods, such as annual tax reporting season December through March.
- Ability to use basic and intermediate Microsoft Excel functions for financial analysis.
Relevant education and experience may be substituted as appropriate.
Preferred Qualifications
- Higher education and/or tax experience.
- Experience with DEFINE.
- Experience with Workday.
Salary Range
$70,000 + depending on qualifications
Working Conditions
- Location in Austin, Texas.
- This position is currently remote but can require visits to campus on occasion.
- Please note that work arrangements are subject to change based on university policy.
- Standard UT schedule, Monday - Friday 8:00 AM - 5:00 PM.
Required Materials
- Resume/CV
- 3 work references with their contact information; at least one reference should be from a supervisor
- Letter of interest
Important for applicants who are NOT current university employees or contingent workers: You will be prompted to submit your resume the first time you apply, then you will be provided an option to upload a new Resume for subsequent applications. Any additional Required Materials (letter of interest, references, etc.) will be uploaded in the Application Questions section; you will be able to multi-select additional files. Before submitting your online job application, ensure that ALL Required Materials have been uploaded. Once your job application has been submitted, you cannot make changes.
Important for Current university employees and contingent workers: As a current university employee or contingent worker, you MUST apply within Workday by searching for Find UT Jobs. If you are a current University employee, log-in to Workday, navigate to your Worker Profile, click the Career link in the left hand navigation menu and then update the sections in your Professional Profile before you apply. This information will be pulled in to your application. The application is one page and you will be prompted to upload your resume. In addition, you must respond to the application questions presented to upload any additional Required Materials (letter of interest, references, etc.) that were noted above.
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Employment Eligibility:
Regular staff who have been employed in their current position for the last six continuous months are eligible for openings being recruited for through University-Wide or Open Recruiting, to include both promotional opportunities and lateral transfers. Staff who are promotion/transfer eligible may apply for positions without supervisor approval.
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Retirement Plan Eligibility:
The retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to the position being at least 20 hours per week and at least 135 days in length.
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Background Checks:
A criminal history background check will be required for finalist(s) under consideration for this position.
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Equal Opportunity Employer:
The University of Texas at Austin, as an equal opportunity/affirmative action employer, complies with all applicable federal and state laws regarding nondiscrimination and affirmative action. The University is committed to a policy of equal opportunity for all persons and does not discriminate on the basis of race, color, national origin, age, marital status, sex, sexual orientation, gender identity, gender expression, disability, religion, or veteran status in employment, educational programs and activities, and admissions.
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Pay Transparency:
The University of Texas at Austin will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
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Employment Eligibility Verification:
If hired, you will be required to complete the federal Employment Eligibility Verification I-9 form. You will be required to present acceptable and original documents to prove your identity and authorization to work in the United States. Documents need to be presented no later than the third day of employment. Failure to do so will result in loss of employment at the university.
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E-Verify:
The University of Texas at Austin use E-Verify to check the work authorization of all new hires effective May 2015. The university’s company ID number for purposes of E-Verify is 854197. For more information about E-Verify, please see the following:
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Compliance:
Employees may be required to report violations of law under Title IX and the Jeanne Clery Disclosure of Campus Security Policy and Crime Statistics Act (Clery Act). If this position is identified a Campus Security Authority (Clery Act), you will be notified and provided resources for reporting. Responsible employees under Title IX are defined and outlined in HOP-3031.
The Clery Act requires all prospective employees be notified of the availability of the Annual Security and Fire Safety report. You may access the most recent report here or obtain a copy at University Compliance Services, 1616 Guadalupe Street, UTA 2.206, Austin, Texas 78701.
