Illinois Institute of Technology
Finance Manager
🇺🇸 Chicago, IL
🕑 Full-Time
💰 TBD
💻 Finance
🗓️ May 16th, 2025
Edtech.com's Summary
Illinois Institute of Technology is hiring a Finance Manager. The Finance Manager will assist the Director of Finance in overseeing all finance operations for the Armour College of Engineering, including budget management, payroll, graduate income tuition vouchers, accounts payable, accounts receivable, and general ledgers. The role involves working closely with faculty and administrative staff to ensure efficient operations and support strategic fiscal initiatives within the department.
Highlights
- Main responsibilities include managing finance operations such as budget, payroll, and accounts.
- Required skills include knowledge of budgeting concepts and experience with the Banner Finance System or similar software.
- Compensation is benchmarked at $70,000.
- A bachelor's degree and 2 years of relevant experience are required.
- Experience with grants, contracts, or fiscal management is preferred.
Finance Manager Full Description
Finance Manager
Position Title | Finance Manager
Requisition # | S01369P
FLSA | Exempt
Location | IIT-Mies Campus (MC), 10 West 35th St., Chicago
Department | Office of the Dean of Engineering
GENERAL DESCRIPTION
The primary duty of the Finance Manager is to assist the Director of Finance in managing all aspects of the finance operations for the Armour College of Engineering, to include all budget, payroll, graduate income tuition vouchers (ITVs) accounts payable, accounts receivable and general ledgers. Working closely with the department chair(s), faculty and administrative staff, this position coordinates a broad range of activities and functions to ensure effective and efficient operations within the department(s) to advance financial planning activities in and on behalf of the Armour College of Engineering (ACE) related to implementation of strategic fiscal initiatives identified as priorities in achieving the College’s mission, in accordance with established university practices, policies and procedures. This position is a member of the financial team within the engineering college.
Benefits | Our commitment to employee well-being is reflected in our competitive benefits package located here: https://www.iit.edu/hr/benefits
COMMUNICATIONS
Duties are performed in collaboration with other administrators and staff. Written Communication: forms, letters, special reports. Verbal Communication: communicate with mostly internal faculty and staff regarding payroll and budget; communicate with students regarding tuition and stipends. Electronic Communication: internal e-mail correspondence; update budget, payroll and voucher information in databases.
CUSTOMER SERVICE | Provides customer service for internal customers, especially students and faculty.
Special Schedule Requirements
EEOC Statement | Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.
Requisition # | S01369P
FLSA | Exempt
Location | IIT-Mies Campus (MC), 10 West 35th St., Chicago
Department | Office of the Dean of Engineering
GENERAL DESCRIPTION
The primary duty of the Finance Manager is to assist the Director of Finance in managing all aspects of the finance operations for the Armour College of Engineering, to include all budget, payroll, graduate income tuition vouchers (ITVs) accounts payable, accounts receivable and general ledgers. Working closely with the department chair(s), faculty and administrative staff, this position coordinates a broad range of activities and functions to ensure effective and efficient operations within the department(s) to advance financial planning activities in and on behalf of the Armour College of Engineering (ACE) related to implementation of strategic fiscal initiatives identified as priorities in achieving the College’s mission, in accordance with established university practices, policies and procedures. This position is a member of the financial team within the engineering college.
Benefits | Our commitment to employee well-being is reflected in our competitive benefits package located here: https://www.iit.edu/hr/benefits
COMMUNICATIONS
Duties are performed in collaboration with other administrators and staff. Written Communication: forms, letters, special reports. Verbal Communication: communicate with mostly internal faculty and staff regarding payroll and budget; communicate with students regarding tuition and stipends. Electronic Communication: internal e-mail correspondence; update budget, payroll and voucher information in databases.
CUSTOMER SERVICE | Provides customer service for internal customers, especially students and faculty.
Special Schedule Requirements
EEOC Statement | Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.
Qualifications
Education & Experience | Bachelor’s Degree and 2 years of experience required. Or equivalent combination of education and experience required. - Experience working with budget or accounting, preferably in a higher education or related setting. Two years accounting experience in one of the following: grants and contracts, fiscal management, reconciliation of Department/Division financial statements, procurement card management. Experience working in Higher Education is preferred.
Knowledge & Skills | Superior organization, planning, and account management skills. Demonstrated knowledge of budgeting concepts, policies, and regulations for financial management. Ability to handle and process detail-oriented documentation and meet designated accounting and budget deadlines as required. Knowledge of and experience with Banner Finance System or similar software; Cognos experience a plus. Possess the ability to be flexible, work independently and effectively within a team environment. Good writing skills and excellent oral communication and interpersonal skills with the ability to work effectively with individuals at all organizational levels.
SUPERVISION & BUDGET AUTHORITY | No supervisory or budget authority
Physical Environment and Requirements | Ability to use all normal office equipment and spend 6 – 8 hours per day at the computer. Routine travel between engineering departments and laboratories on the main campus may be necessary.
Knowledge & Skills | Superior organization, planning, and account management skills. Demonstrated knowledge of budgeting concepts, policies, and regulations for financial management. Ability to handle and process detail-oriented documentation and meet designated accounting and budget deadlines as required. Knowledge of and experience with Banner Finance System or similar software; Cognos experience a plus. Possess the ability to be flexible, work independently and effectively within a team environment. Good writing skills and excellent oral communication and interpersonal skills with the ability to work effectively with individuals at all organizational levels.
SUPERVISION & BUDGET AUTHORITY | No supervisory or budget authority
Physical Environment and Requirements | Ability to use all normal office equipment and spend 6 – 8 hours per day at the computer. Routine travel between engineering departments and laboratories on the main campus may be necessary.
Certifications and Licenses
List any certifications or licenses that are either required or helpful in performing the job, designating whether required or preferred. | N/A
Key Responsibilities
Key Responsibility | Process budget transfers, cost transfers, payroll reallocations and track their impacts on the departments’ budgets Assist in the development of the College’s Operating and Auxiliary budgets Review, verify budget and approve reimbursements, check requisition
Percentage Of Time | 40Key Responsibility | Process payroll forms for undergraduate and graduate students, postdocs and other research personnel under both university and external research grant funding Process graduate student stipend and tuition payment on both departmental and research accounting
Percentage Of Time | 25Key Responsibility | Work closely with Grants Administrator and principal investigators to administer existing research grants; confers with investigators and Grant Administrator as needed to problem solve issues in the accounts: contact Grants and Contracts
Percentage Of Time | 20Key Responsibility | Monitor financial account transactions for research and discretionary faculty accounts, review and reconcile discrepancies, variances and deficits; ensures expenditures are posted properly Gather and prepare data and assist in preparation of periodic reports
Percentage Of Time | 15
Percentage Of Time | 40Key Responsibility | Process payroll forms for undergraduate and graduate students, postdocs and other research personnel under both university and external research grant funding Process graduate student stipend and tuition payment on both departmental and research accounting
Percentage Of Time | 25Key Responsibility | Work closely with Grants Administrator and principal investigators to administer existing research grants; confers with investigators and Grant Administrator as needed to problem solve issues in the accounts: contact Grants and Contracts
Percentage Of Time | 20Key Responsibility | Monitor financial account transactions for research and discretionary faculty accounts, review and reconcile discrepancies, variances and deficits; ensures expenditures are posted properly Gather and prepare data and assist in preparation of periodic reports
Percentage Of Time | 15
Posting Information
Work Hours | Monday – Friday, 8:30 – 5:00 p.m.
Position Category | Full Time
Posting Date | 08/26/2024
Closing Date |
Posted Until Filled | Yes
Quicklink for Posting | https://iit7.peopleadmin.com/postings/10758
Position Category | Full Time
Posting Date | 08/26/2024
Closing Date |
Posted Until Filled | Yes
Quicklink for Posting | https://iit7.peopleadmin.com/postings/10758
Budget Information
Budget Amount
Benchmark Amount | 70000
Supplemental Questions
Required fields are indicated with an asterisk (*).
Documents Needed to Apply
Required Documents
- Resume
Optional Documents
- Cover Letter
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