Financial Analyst I- Inventory Control

Lubbock

41271BR

Accounting Services

Position Description

Performs central accounting and financial analysis functions according to established procedures.

About the University

Established in 1923, Texas Tech University is a Carnegie R1 (very high research activity) Doctoral/Research-Extensive, Hispanic Serving, and state-assisted institution. Located on a beautiful 1,850-acre campus in Lubbock, a city in West Texas with a growing metropolitan-area population of over 300,000, the university enrolls over 40,000 students with 33,000 undergraduate and 7,000 graduate students. As the primary research institution in the western two-thirds of the state, Texas Tech University is home to 10 colleges, the Schools of Law and Veterinary Medicine, and the Graduate School. The flagship of the Texas Tech University System, Texas Tech is dedicated to student success by preparing learners to be ethical leaders for a diverse and globally competitive workforce. It is committed to enhancing the cultural and economic development of the state, nation, and world.
About Lubbock:Referred to as the "Hub City" because it serves as the educational, cultural, economic, and health care hub of the South Plains region, Lubbock boasts a diverse population and a strong connection to community, history, and land. With a mild climate, highly rated public schools, and a low cost of living, Lubbock is a family-friendly community that is ranked as one of the best places to live in Texas. Lubbock is home to a celebrated and ever-evolving music scene, a vibrant arts community, and is within driving distance of Dallas, Austin, Santa Fe, and other major metropolitan cities. Lubbock's Convention & Visitors Bureau provides a comprehensive overview of the Lubbock community and its resources, programs, events, and histories.

About the Department and/or College

Accounting Services plays a crucial role in supporting Texas Tech University's scholarship and research mission. Our success is defined by our ability to collaborate with the campus community, offer innovative solutions, and assist our customers in making resource allocation decisions within a complex regulatory framework. We are committed to fostering a culture of sustainable excellence to ensure the responsible stewardship of resources, ultimately benefiting those we serve.

Property Management supports the university's mission by overseeing the accounting and business operations related to the university's controlled and capital assets, ensuring accurate financial reporting. As the Inventory Control Financial Analyst, duties include conducting departmental physical inventory reviews to verify asset data accuracy, educating departments on property management procedures, and assisting with annual asset certifications.

Major/Essential Functions

• Performs central accounting functions for the Property Management Office within Accounting Services, in accordance with established procedures and the State of Texas Comptroller's Property Accounting policies, to manage Texas Tech University's real and personal property. This position does not provide the oversight or analysis of real estate.
• Assist in maintaining the property inventory system by reviewing and updating records for university capital and controlled assets. Data entry includes but is not limited to changing or recording locations, serial numbers, missing assets, and department transfers found during inventory reviews or otherwise. Assist with fixed asset data entry for asset additions, other updates, and disposals as assigned.
• Perform inventory reviews for university departments to ensure accuracy and completeness of property inventory records. This includes setting review schedules, performing the inventory review, notating discrepancies and areas for improvement, researching asset records to correct discrepancies, following up with custodians and delegates throughout the review, and issuing a report of findings at the conclusion of each review. Ensure proper documentation is maintained for reviews and other projects assigned.
• Respond to campus inquiries and address property management issues to support departments in their management of assets and annual inventory certifications. Educate university departments on property management procedures during inventory reviews and for annual inventory certifications.
• Perform follow-up procedures after reviews to ensure recommendations are implemented and prepare status reports or other intermittent reporting as assigned. Maintain knowledge of current technology used for inventory reviews and annual inventory certifications, and work with Project Director, Property Manager, or others on enhancements as needed.

Required Qualifications

Bachelor's degree and 1 year of experience OR combination of education and experience to equal 5 years.

Preferred Qualifications

Experience in higher education or governmental accounting. Experience in Ellucian Banner or other Enterprise Resource Planning system with a fixed asset module or other fixed asset management system. Experience with COGNOS or equivalent reporting database. Experience with physical inventory procedures and requirements.
Accounting or Finance degree.

Safety Information

Adherence to robust safety practices and compliance with all applicable health and safety regulations are responsibilities of all TTU employees.

Does this position work in a research laboratory?

No

Required Attachments

Cover Letter, Professional/Personal References, Resume / CV

Job Type

Full Time

Pay Basis

Hourly

Minimum Hire Rate

19.97

Pay Statement

Compensation is commensurate upon the qualifications of the individual selected and budgetary guidelines of the hiring department, as well as the institutional pay plan. For additional information, please reference the institutional pay plan by visiting www.depts.ttu.edu/hr/payplan.

Travel Required

Up to 25%

Shift

Day

Schedule Details

M-F 8:00am-5:00pm; May be required to work overtime during fiscal year end.

Grant Funded?

No

Job Group

Business Professionals

EEO Statement

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information or status as a protected veteran.