UNIV - Director of Financial Reporting & Cash Management – Controller’s Office

Job Description Summary

Directs the management of the University's Financial Reporting & Cash Management areas. Oversees accounting services and internal controls. Leads the planning and implementation of accounting policies and procedures, ensures compliance with GAAP and federal/state/local reporting requirements, and oversees audits and program compliance. Directs financial analysis and planning and manages the preparation and interpretation of annual and interim financial reports for internal and external stakeholders.

Entity

Medical University of South Carolina (MUSC - Univ)

Worker Type

Employee

Worker Sub-Type

Classified

Cost Center

CC002414 University Controller

Pay Rate Type

Salary

Pay Grade

University-09

Pay Range

84,883.

-

Scheduled Weekly Hours

40

Work Shift

Job Description

Directs the University’s Financial Reporting and Cash Management functions, leading a team of 10 FTEs. Develops and oversees standard financial accounting systems, including the recording, processing, and compiling of financial data not captured through normal accounting processes. Oversees through supervisory personnel, the following functions: accounting services, capital projects and lease accounting, and cash management. Ensures proper internal control procedures are developed.

Oversees the planning, development, and implementation of accounting policies and procedures applicable to the financial needs of the agency and all agency programs. Oversees a large staff of professional accounting personnel engaged in complex accounting work covering state and federal statewide programs. Oversees and ensures program compliance and financial audits; directs financial analysis and planning. Directs agency conformance with generally accepted accounting principles and reporting requirements of federal, state, and local agencies;

keeps abreast of changes in external and internal reporting requirements. Directs the preparation, analysis, and interpretation of annual and interim financial reports to assist both internal and external users in decision-making.

35% - Directs the annual external audit and prepares the Annual Comprehensive Financial Report on the fiscal activities of the University; performs duties requiring the analysis of broad issues having a financial impact on the University and provides technical/management guidance on financial reporting for the University. Oversees the general accounting systems and cash management areas of the University. Directs the management of the University's Capital Project Administration and Leases Department to ensure the accounting of capital projects and property leases of the University in compliance with state and federal regulations.

Success Criteria: Periodic rotation of job duties/cross-training of staff. Qualified staff are hired and certifications maintained. Staff maintains knowledge of current laws and regulations to ensure compliance. Continuous evaluation and improvement of workflow processes. Documented internal and external reports to track timeliness and ensure deadlines are met. Financial System is updated, and processes are implemented to ensure accurate recording of financial data, timely close-out and accurate reports.

Controller's Office data including BOT dashboard, ratios, comparative reports, graphs are prepared timely for management review. Annual financial audit planning, reconciliations and schedules are completed and related posting reconciliations and transactions are completed. KPIs and operational indicators are established and are used to track performance for all areas of activity. Results of KPIs and operational indicator measurements are provided timely to the Controller (bi-weekly and quarterly).

20% - Provides technical expertise to University departments, the Authority and other related entities. Ensures the development and implementation of a comprehensive education/re-education program for all employees responsible for departmental financial activities within the Medical University.

Success Criteria: Provides reports as needed. Meets with accounting personnel as needed to design enhancements. Periodic presentations to University departmental business personnel as needed. Staff maintains knowledge of current laws and regulations to ensure compliance. Establish and maintain training programs for new employees and existing employees. Maintain and keep updated existing administrative and internal policies and procedures manuals.

15% - Maintain a thorough understanding of regulations related to financial reporting, cash management, capital project administration, leases, and University policies and procedures, as well as federal and state rules and regulations. Advises management of changes to accounting pronouncements and their impact.

Success Criteria: Maintains a thorough understanding of accounting principles and practices (GASB, GAAP), state and federal regulations, IRS, and SC Tax regulations. Computer skills are refined and maintained to perform the job…