Temporary Senior Accountant

Job description
OVERVIEW:
The University of St. Thomas invites qualified candidates to apply for a temporary Senior Accountant position within the Controllers Office.

We anticipate this position to be a +-12 month temporary position. Should you receive an offer to join us as a Senior Accountant, you would be hired and become an employee of Nexus, who is an employer of record partner to the University of St. Thomas. Your employer would be Nexus and you would be eligible for Nexus benefit offerings which may differ from the University of St.

Thomas offerings.

JOIN OUR COMMUNITY

The University of St. Thomas embraces diversity, inclusion, and equal opportunity for all. Our convictions of dignity, diversity and personal attention call us to embody and champion a diverse, equitable and inclusive environment. The University is an Equal Employment Opportunity Employer (EOE). All qualified applicants will receive consideration for employment without regard to race, sex, ****** orientation, gender identity, national origin, disability, or status as a protected veteran.

We are committed to building a skilled team that represents a variety of backgrounds and perspectives. This commitment is consistent with our mission:
Inspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good. A successful candidate will possess a commitment to the ideals of this mission.

JOB SUMMARY

The senior accountant is a part of the Controller’s Office team, reports to the Assistant Controller, and plays a pivotal role in ensuring tax compliance and responsibilities for specific audit duties within the University of St. Thomas. The tax compliance duties include completing work papers and schedules for the Forms ++0 and ++0T; preparing and filing forms 1042, 1042S, sales tax, care tax, entertainer tax, and other tax filings as needed;

keeping abreast of all new federal, Minnesota and local tax laws; and implementing new policies and procedures as needed. The audit preparation and financial accounting duties include assisting and preparing audit reconciliations and schedules needed for selected areas of the university’s annual financial statements.

This position is eligible for hybrid work. The department typically works 2 days per week in the office and 3 days remote. Remote work must be conducted in the State of Minnesota.

ESSENTIAL FUNCTIONS

Tax Compliance:
Prepare and File all required Tax Returns

Prepare Form ++0 and ++0T annually, ensuring accuracy & completeness of tax returns and reconciles to the audited financial statements.

Prepare Foreign Bank and Financial Accounts (FBAR) for our foreign accounts.

Work with legal council and board support staff to gather, review and document conflicts provided by board members and highly compensated staff. Evaluate conflicts that need to be included on the Form ++0.

Ensure all trust returns are prepared; coordinate filing with IRS and state.

Analyze UBIT (unrelated business income tax) to ensure that all UBIT activities have been identified and accounted for properly.

Coordinate all federal and state audits.

Implement new policies and procedures as needed to ensure compliance.

Keep abreast of all new tax laws and regulations as they pertain to the University.

Ensure accuracy and completeness of quarterly Minnesota Care tax returns.

Ensure accuracy and completeness of annual PCORI filing.

Ensure accuracy and completeness of monthly entertainer tax returns.

Monitor and Assist Departments with Tax Compliance & Tax Issues

Coordinate with purchasing and accounts payable departments to update policies and procedures and ensure compliance with IRS; ensure that all forms are compliant.

Be a resource for all development questions/issues on charitable giving, unitrusts, annuities, gifts in kind and contributed services and related IRS regulations.

Monitor and review procedure for accounting for tuition remission, retirement, etc. as it relates to payroll.

Work with payroll on specific tax and reporting issues, i.e., taxable fringe benefits, club dues, moving expenses, personal use of UST vehicles, student FICA, foreign students and employees, withholding issues, etc.

Keep all responsible personnel informed of tax changes relating to their respective area.

Work with Accounts Payable and departments in assessing Minnesota Entertainer Tax.

Audit Preparation and Financial Accounting

Responsible for reviewing and approving departmental journal vouchers submitted via online system.

Assist and prepare audit reconciliations and schedules needed for selected areas of the university’s annual financial statements

Deferred Revenue

Deferred Tax liabilities

Benefit and payroll liabilities

Accounts Payable liabilities

Health and other benefits incurred but not reported

University functional expense allocation(s)

Other areas as assigned

Other duties as assigned

Sales Tax Reporting Review & Monitoring

Conduct overall UST review to ensure…