Controller,Finance & Banking,Financial Manager Job Carbondale area,Illinois USA,Finance & Banking

The SIU Foundation is seeking a dynamic and experienced person to fill the role of Controller. This position oversees the SIU Foundation’s accounting and financial operations, ensuring accurate reporting, compliance with regulations, and adherence to donor restrictions. This role directs financial reporting, audit coordination, investment and cash management activities, and donor fund administration.

Salary is competitive and commensurate with qualifications and experience, while also considering internal equity.

Oversee the activities of the accounting department for the accurate and timely preparation of financial management reports including, but not limited to, the quarterly financial statements and annual audits.

Responsible for verifying all financial reports and ensuring that all transactions are accurate and in compliance with regulations

Oversee the activities of the disbursement and accounts receivable departments.

Oversee financial audit.

Work with external auditors
Stays abreast of trends and regulations to ensure effectiveness and compliance with financial accounting standards

Responsible for directing and providing oversight to donor account administration which includes:

Review and maintenance of financial computer systems
Account setup policies and procedures (including incomplete account management)
Oversee University Fiscal Manager systems (Budget Officer Coordination)
Implement policies and procedures to ensure funds are spent within donor restrictions

Prepare, review and submit to Executive Director/Chief Financial Officer analyses, reconciliations and surveys

Cash reconciliations and cash flow analysis
Investment reconciliations
Fees analysis
NACUBO, LCME School of Medicine, IRF and other surveys

Reconcile and record investment activity

Prepare and process entries for the period's investment activity through the financial system.
Prepare individual analysis for the investment pool.
Reconcile the statements provided by the investment managers to the financial system.

Reporting and analysis

Provide investment reports and analysis for Foundation management, Investment Committee, Foundation Board and others as needed.
Compile data from outside sources in order to compare the Foundation’s investment performance and policies with industry and peer institutions.
Prepare financial statement work papers for all investments.
Respond to various requests concerning endowments.

Assist management in budgeting process.

Distribution of earnings

Calculate investment pool unit values and prepare journal entries to distribute earnings to participating funds.
Sweep all available cash balances from participating funds to the investment pool and ensure that the investment pools are fully invested at all times.
Reconcile managers, clearing funds and participating funds balances.

Compliance

Monitor outside investment managers to insure their compliance with Foundation Board investment policy.
Review operations and transactions to ensure investment managers are operating efficiently. Identify variations in manager’s operations or investment style.

Investment allocation

Direct the flow of funds to and from managed investment accounts to maintain the proper allocation of investments as determined by the Foundation Board.
Ensure that all funds are invested in a timely fashion and that proper controls are in place to ensure their safekeeping.

Trust investments

Prepare and process entries for the period’s investment activity through the financial system.
Distribute the investment activity to each trust fund.
Prepare individual analysis for each trust fund.
Prepare annual reports for each trust fund.

Cash management

Review cash balances to ensure that all funds are invested in a timely fashion and that there is enough cash available to disburse payments to vendors.
Approval authority of expenditures

Security gifts

Assist with the receipting and selling of gifts of securities.
Prepare and process entries for this activity through the financial system.

Other accounting functions as determined.

Minimum Qualifications

A bachelor’s degree in accounting and five years of accounting and investment experience OR a Master’s degree in Accounting or CPA and at least two years of accounting and investment experience is required for this position. Accounting experience should be in foundation, governmental, or in a non-profit accounting office environment overseeing general ledger processes.

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Controller, Finance & Banking, Financial Manager