Assistant Controller and Director of Financial Reporting

Assistant Controller and Director of Financial Reporting

Position Summary The Assistant Controller and Director of Financial Reporting will be responsible for preparing all of the College’s various internal and external financial statements, appropriate analysis of changes and trends, and footnote disclosures in accordance with GAAP. This includes acting as a key source of financial reporting expertise and knowledge pertaining to the College’s consolidation methods. The position is also responsible for research and analysis of non‑routine transactions and oversees the staff maintaining general ledger accounts and the opening and closing of general ledger periods on a monthly and annual basis.

• Manage the preparation and distribution of the monthly, quarterly, and annual consolidated internal and external financial statements (balance sheet, statement of operations, statement of cash flows, statement of changes in capitalization) and those of the College’s subsidiaries, ensuring accuracy and conformity with GAAP.
• Prepare the quarterly and annual consolidated financial statements and footnote disclosures, ensuring inclusion of all relevant and necessary disclosures, non‑routine transactions, subsequent events, and that adequate supporting documentation is obtained.
• Prepare financial statements, monthly budget allocations, and comparisons of actual revenues and expenditures to budget projections, including explanations of budget variances; act in conjunction with the Controller and serve as liaison to Investment Operations and Institutional Advancement to record gifts and administer insurance contracts.
• Collaborate with other employees within Business and Financial Affairs and other departments to obtain necessary information for consolidated financial statement disclosures; maintain a footnote support binder and tie all numbers and other relevant information to supporting documentation.
• Ensure financial statements and footnotes are reviewed by Vice President for Business and Financial Affairs and Treasurer and obtain internal certifications of the review.
• Maintain details of related‑party transactions and non‑GAAP amounts.
• Prepare the annual financial statements for the College’s two (2) 403(b) plans, ensuring DOL deadlines are met.
• Collaborate with other College employees to update benefit‑plan footnote disclosures as appropriate.
• Analyze and ensure the accuracy and adequacy of all accounting estimates, including allowance for doubtful accounts, depreciation, and asset retirement obligation; evaluate and document key determinants/assumptions.
• Coordinate the gathering of auditor‑requested work papers, supporting analyses, and supporting documentation for consolidated financial statements and footnote disclosures.
• Manage the annual external audit process and other audits (403(b), single audit, grantor and insurance audits).
• Ensure compliance with SEC, FASB, and eventually IFRS regulations.
• Prepare reports required by regulatory agencies.
• Implement cash draw‑down procedures for federal, state, and private grants in accordance with regulations, including timely preparation and filing of federal SF‑425 reports and property reports; perform analyses of various balance‑sheet and other general‑ledger accounts to ensure proper recording of account balances, making corrections promptly.
• Record monthly activities of College’s investment managers; analyze general ledger to determine funding requirements of construction and other projects for review by CFO and Senior Vice President for Business and Financial Affairs, Treasurer.

• Bachelor’s degree in Accounting with eight or more years of related, progressive financial managerial experience.
• Comprehensive knowledge of financial accounting and reporting for private colleges.
• Strong management abilities and outstanding interpersonal skills to work with a diverse group of people and organizations.
• Excellent analytical skills, problem‑solving abilities, and strategic thinking.
• Excellent oral communication skills for presenting information and responding to questions from students, parents, employees, and the general…