Controller, Finance & Banking, Financial Reporting

Job Location:

Salem Academy and College - Winston Salem, NC, Position Type:
Full Time, Salary Range:
Undisclosed, Job Category:
Accounting

About Salem Academy and College Salem Academy and College is the oldest continuously operating educational institution for girls and women in the country. Since 1772, the institution has engaged in transformational change to innovate women’s education. Founded with the mission of making education accessible to all, Salem has a rich 254-year-old history and a long-standing track record of educating students who are prepared to make a bold impact locally, nationally and globally through liberal arts education.

Our graduates are committed to making the world a better, healthier and more equitable place. Salem College is the nation’s only liberal arts college exclusively dedicated to developing the next generation of health leaders.

The Controller is a senior financial leader responsible for directing the accounting and financial reporting functions of the Academy and College while supporting the strategic financial direction of the institution. Reporting to the Vice President for Finance/Chief Financial Officer, the Controller ensures the integrity of the institution's financial records, maintains strong internal controls, and provides accurate and timely financial information to support institutional decision-making.

This position provides leadership for the daily operations of the Controller’s Office and oversees accounting, financial reporting, treasury management, audits, tax compliance, grants accounting, and financial systems. The Controller partners with campus leaders to develop financial strategies that support the Academy and College's mission while ensuring compliance with Generally Accepted Accounting Principles (GAAP), federal and state regulations, donor restrictions, and institutional policies.

• Provide leadership and oversight for all accounting functions of the institution, including:
  • General ledger
  • Accounts payable
  • Accounts receivable
  • Cash receipts
  • Payroll accounting
  • Fixed asset accounting
  • Capital asset accounting
  • Month-end and year-end close processes
• Ensure the accuracy, completeness, and integrity of the institution's financial records while maintaining strong internal controls to safeguard institutional assets.
• Prepare and oversee:
  • Monthly, quarterly, and annual financial statements
  • Financial reports for senior leadership and the Board of Trustees
  • Budget-to-actual analyses
  • Cash flow reports
  • Financial forecasts and other management reports
• Coordinate the annual external financial audit, Single Audit and preparation of financial statements while responding to auditor requests and implementing recommendations.
• Assist the Vice President for Finance/CFO with:
  • Annual operating budget development
  • Capital budget preparation
  • Multi-year financial forecasting
  • Long-range financial planning
  • Financial modeling and institutional decision support
• Oversee treasury management activities, including:
  • Cash management
  • Banking relationships
  • Investment accounting
  • Debt accounting
  • Cash flow forecasting
• Ensure compliance with:
  • Generally Accepted Accounting Principles (GAAP)
  • Federal and state regulations
  • IRS reporting requirements
  • Donor restrictions
  • Grant requirements
  • Debt covenant reporting
• Direct accounting and financial reporting for grants, endowments, restricted funds, and capital projects while ensuring compliance with funding requirements.
• Develop, implement, and continuously improve financial policies, procedures, and internal controls that promote efficiency, accountability, and sound financial stewardship.
• Provide leadership in the implementation, maintenance, and optimization of financial systems, accounting software, reporting…