Work Schedule: M-F, 8:30am-5pm – In-person
VP Area: President
Department: 00344 - Finance & Business Svcs
Location: Campus, Salt Lake City, UT
Type of Recruitment: External Posting
Pay Rate Range: $80k-$120k Based on experience
Close Date: Open Until Filled
Job Summary: As a key member of the Office of the Chief Real Estate Officer, you will play a vital role in overseeing the financial aspects of managing U of U properties. Working closely with the Executive Director, you will direct and oversee the accounting management of these properties, aligning with the University’s overarching goals of fostering student success, driving knowledge generation, engaging communities, and ensuring the institution’s long-term vitality. Your expertise in accounting will contribute directly to the efficient and effective financial stewardship of University assets, supporting its mission and strategic objectives.
Responsibilities:
- Financial Reporting: Prepare and analyze financial statements for real estate properties, ensuring compliance with GASB 87 standards.
- Budgeting and Forecasting: Assist in the development of annual budgets and forecasts for real estate projects.
- General Ledger Management: Maintain and reconcile general ledger accounts related to real estate transactions.
- Accounts Payable and Receivable: Oversee accounts payable and receivable processes for real estate properties, utilizing Yardi software.
- Expense Management: Monitor and analyze real estate expenses, identifying cost-saving opportunities.
- Tax Compliance: Coordinate with external advisors to ensure timely and accurate tax filings for real estate entities.
- Financial Analysis: Conduct financial analysis on real estate investments, including ROI calculations and lease analysis.
- Asset Management Support: Collaborate with asset managers to provide financial insights and support strategic initiatives for real estate assets.
- Notify ground lease holders or tenants in our buildings about upcoming rent escalations, ensuring all necessary updates are accurately reflected in Yardi/Archibus systems.
Minimum Qualifications: Bachelor’s degree in Business or Public Administration, a related area, or equivalency (one year of education can be substituted for two years of related work experience) required; plus six years of progressively more responsible management experience; and demonstrated leadership, human relations and effective communication skills also required. Master’s degree in Business Administration or related area preferred. This position is not responsible for providing patient care. Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.
Preferences: Real Estate Experience preferred, proficiency in Yardi software and experience with GASB 87 compliance. 5-7 years of accounting experience preferred.
Special Instructions Summary:
Additional Information: The University is a participating employer with Utah Retirement Systems (“URS”). Eligible new hires with prior URS service may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Human Resources at (801) 581-7447 for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS’ post-retirement rules and restrictions. Please contact Utah Retirement Systems at (801) 366-7770 or (800) 695-4877 or University Human Resource Management at (801) 581-7447 if you have questions regarding the post-retirement rules.
This position may require the successful completion of a criminal background check and/or drug screen.
The University of Utah values candidates who have experience working in settings with students and patients from all backgrounds and possess a strong commitment to improving access to higher education and quality healthcare for historically underrepresented students and patients.
All qualified individuals are strongly encouraged to apply. Veterans’ preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.
The University of Utah is an Affirmative Action/Equal Opportunity employer and does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran’s status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.
To request a reasonable accommodation for a disability or if you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity and Affirmative Action (OEO/AA). More information, including the Director/Title IX Coordinator’s office address, electronic mail address, and telephone number can be located at: https://www.utah.edu/nondiscrimination/
Online reports may be submitted at oeo.utah.edu
Contact us: (801) 581-2169 By Email: employment@utah.edu
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