Accountant III

The Research Foundation of SUNY

The Research Foundation For SUNY

Accountant III


Albany, NY

Feb 01, '13


About The Research Foundation for SUNY:
Founded in 1951, the RF exists to serve SUNY and to capitalize on the scope, scale and diversity of SUNY as an engine of New York state’s innovation economy.

The RF supports nearly $1 billion in SUNY research activity annually, providing sponsored programs administration and commercialization support services to SUNY faculty performing research in life sciences and medicine; engineering and nanotechnology; physical sciences and energy; social sciences, and computer and information sciences.

The Research Foundation is committed to diversity and inclusion. We believe that promoting a diverse, inclusive working environment enhances productivity, creates personal and professional opportunities, unleashes each individual's full potential and fuels innovation.

The Research Foundation and its employees are committed to a culture of integrity and accountability, holding each other and the organization to the highest standards of ethical behavior.

Visit and connect with the RF on Facebook. Learn about the Power of SUNY at

Job Description:


Under general direction of the Financial Accounting Manager. This position is responsible for reconciling, analyzing and adjusting general ledger (GL) accounts for monthly financial statement purposes. Work as a member of the financial reporting team to provide internal and external customers with financial data and analysis needed to comply with laws, regulations and governance requirements. Areas under this position have significant footnotes in the RF’s financial statements including Debt, Fixed Assets, Intangible Assets, Other Assets and Commitments.

Extensive follow-up with functional areas to resolve accounting issues, which requires excellent communication, teamwork and interpersonal skills.

Communications required also include explaining implications of exceptions noted during reconciliation and fluctuation analysis process, requesting information from other departments and from campus contacts, and updating process documentation. Position also requires the ability to make sound judgments and independent decision making capabilities. Responsible for the functioning of internal controls over the position’s assigned areas, and for remediation of issues noted during internal testing or external audits.



Perform monthly reconciliations in such areas as: High level balancing, Indirect Costs, Accounts Payable, PP&E, Capital Leases, Debt, Invention and Licensing Royalty Revenue, Includes follow-up with appropriate RF personnel for resolution of variances encountered in the course of the reconciliation processes.

Responsible for various monthly and annual close schedules. Journal entries and accruals include: Accounts Payable; PP&E; Capital Leases, Debt, Royalty; and Unrestricted Award Purposes. In addition to those listed above, Lead schedules also include: Deposits Held for Others; Other assets and Other Liabilities. Reconciliations include: Royalty Income and Other Income.

Responsible for the maintenance of the Departmental reconciliation binder to ensure our records are complete and that our controls are documented.

Ensure the completeness and accuracy of SUNY’s Real Asset Management (RAM) fixed asset data and other property data reported in the RF Financial Statements, and required for insurance purposes. Follow up with campus personnel needed to ensure timely and accurate updates are made for new or disposed assets. Also, work closely with Manager of Campus Services to ensure accurate data is provided for cost proposals. Special projects as needed, particularly relating to accounting policy updates.

Participate in reviews to ensure that reporting requirements for F&A and RAM are accommodated by the Oracle system. This requires the need to keep up to date with changes to Oracle, RAM, A-21 and assessing the impact.

Responsible for the commitments footnote in the financial statements, particularly the operating leases; this includes working closely with the campuses and the Office of General Counsel to get updated information on leases RF-wide, compiling the footnote and analyzing the data for reasonableness.

Responsible for review of internal controls, transactions and procedures over assigned areas. This includes creation or update of process map flows over evolving processes and ensuring that controls exist to mitigate any inherent risks of financial misstatement in those areas. Additionally perform testing of other internal control areas under the supervision of the Financial Accounting Manager.

Contribute to a work environment that fosters teamwork, cooperation and represent the Finance Office as a team player that seeks continuous improvement and accepts empowerment to perform duties.

Other accounting duties as assigned.


Responsible for working with campuses and ACC staff to coordinate completion of campus requests for changes and additions to the Organization table. This includes reviewing organization change notifications, creation of Request Forms for data input by ACC staff, review of new GL Dept and HR Org values and notification to system users upon completion.

Back-up for daily reconciliation of nightly processes and month end system close.

Additional Information:


Requires a thorough knowledge of accounting principles and practices. Knowledge of accounting standards and internal controls is desired. Excellent people skills are essential due to the significant interactions with campus staff. Must be highly skilled in all standard Microsoft Office applications. Knowledge of integrated systems such as Oracle, Peoplesoft or SAP is required, with knowledge of ORACLE system operation and functionality preferred.


Position requires Bachelor’s degree plus two to three years of accounting, auditing, or financial analysis experience, preferably in a higher education or nonprofit environment with familiarity with grants.

Application Instructions:

To apply, please visit:;jsessionid=B12A3397F3EE8405CA3E47A6F76627F2?JOBID=37492

Review of applications will begin immediately and continue until the position is filled.


The Research Foundation for the State University of New York is not an agency or instrumentality of the State of New York. Employees of the Research Foundation for the State University of New York are not state employees, do not participate in any state retirement system, and do not receive state fringe benefits. The Research Foundation for the State University of New York operates under a contract with The State University of New York and receives no directly appropriated state funding.

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