Assistant Controller, Accounting and Financial Reporting

Embry-Riddle Aeronautical University
Florida, United States
Salary Not Specified
Jun 15, 2021
Employment Type
Full Time
Job Description

About Embry-Riddle Aeronautical University

Embry-Riddle Aeronautical University is the world's largest, fully accredited university specializing in aviation and aerospace, with residential campuses in Daytona Beach, Florida and Prescott, Arizona, and through its Worldwide campus with approximately more than 130 locations in the United States, Europe, Asia, and Central/ South America, and through online programs. The University offers a diverse array of undergraduate, graduate and professional programs and attracts close to 19,000 full-time equivalent students.


The Controller's Office provides oversight of various University financial services including student financials, treasury management, financial accounting and controls, accounts receivable, accounts payable, fixed assets, grants and contracts accounting, tax reporting, payroll and related systems management.

The Controller’s Office strives to:

  • Deliver efficient and effective financial services
  • Support decision-making based on timely and accurate financial information
  • Provide best practice financial guidance and consultation
  • Promote accountability and the management of risks
  • Be an advocate for practical policies and practices


The Assistant Controller provides leadership, direction and management for the University’s financial accounting and reporting, which must comply with accounting principles issued by the Financial Accounting Standards Board (FASB) and University policies. This involves directing University Accounting which has functions such as analyzing, monitoring, preparing and reconciling financial information to reflect the operating results of the University and the provision of financial and other analytical data to assist with informing decisions. Accounting also prepares financial reports to meet internal and external reporting requirements; assesses, develops, and monitors internal controls, including centrally-performed reconciliations and analysis and other campus divisions’ financial reporting reviews. Activities also include developing, implementing and monitoring accounting systems used University-wide, including the general ledger, which is the system that is the basis for the University’s financial accounting and reporting policies and related procedures. Responsible for the supervision and professional development of University Accounting staff.


  • Lead and manage a flexible team that anticipates and is responsive to the changing needs of the Controller’s Office and the University at large.
  • Oversee accounting assignments that are of diverse scope, including journal entry preparation, reconciliations and analyses, debt financing draws, chart of account maintenance (oversees new account requests, review and assessment of account changes and closure requests, and overall
  • coordination of account establishment process), fiscal monthly and annual close coordination, and financial reporting, across various fund groups, functions and locations.
  • Direct staff hiring, training, supervision, and performance management of nine staff.
  • Provide leadership, direction and managerial oversight.
  • Hold regular staff meetings and one-on-one meetings with direct reports.
  • Develop and implement business processes, system and service enhancements to support University-wide and system-wide objectives and requirements. Act as the functional owner of the general ledger for the University.
  • Collaborate with other offices and campus departments. Oversee accounting system testing, implementation and training efforts.
  • Prepare financial analysis for strategic decision-making and monitoring, including the financial position and operating performance of the University.
  • Design and implement procedures that support compliance with changing accounting standards. Evaluate complex transactions to determine proper financial accounting, including related organization and component unit analysis.
  • Coordinate annual external financial audits and agreed-upon procedures including - Consolidated Audited Financial Statements, Single Audit (OMB Uniform Guidance), Defined Contribution Plan (403(b)), and Intercollegiate Athletics Program (NCAA Division II) Agreed-Upon Procedures
  • Provide support for University management representation letters for the annual external financial audits.
  • Assess internal controls using Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework or similar. Implement controls and monitor activity for financial accounting functions, including division financial reporting reviews. Evaluate new systems and processes for appropriate controls.
  • Prepare portions of the University’s annual Integrated Postsecondary Education Data Systems (IPEDS) Summary Report.
  • Demonstrate good judgment in selecting methods and techniques for obtaining solutions, completing analysis and developing recommendations across the spectrum of responsibilities.
  • Maintain strategic partnerships with key stakeholders at the campus locations and possibly other universities.
  • Interact with University leadership on matters of some significance to financial accounting and reporting.
  • Institute and maintain proactive communications for the University community.
  • Maintain an effective accounting and reporting webpage to assist University departments.
  • Develop and implement strategic plans, including objectives, goals, and strategies for University Accounting consistent with the objectives, goals, and strategies of the Controller s Office.
  • Manage unit performance and progress toward goals using metrics and deliverables, implementing corrective actions as needed to achieve results.
  • Receive little day-to-day instruction with general instructions provided on new or unique assignments.
  • Work on other projects as assigned by Controller.



  • Bachelor degree in accounting required; master’s degree in related field preferred
  • Higher education experience preferred
  • Certified Public Accountant, Certified Internal Auditor or related designation preferred


  • Minimum of 5 years of financial accounting experience.
  • At least 3 years of experience managing direct reports.
  • Demonstrated understanding of and experience in financial accounting and reporting, business and systems operations, internal controls and working knowledge of tax regulatory compliance requirements.
  • Advanced knowledge of generally accepted accounting principles (GAAP), including Financial Accounting Standards Board (FASB) standards and Uniform Grant Guidance.
  • Understanding of accounting for foreign currency transactions and translations.
  • Excellent research and analytical and financial analysis skills are an essential element to this position.
  • Ability to analyze information, practices, or procedures to identify patterns (and inconsistencies), trends, and relationships, develop logical and objective conclusions; formulate alternatives and understand and document implications.
  • Strong skills in utilizing Microsoft Office Suite required; Workday Financial application experience a plus.
  • Ability to prioritize tasks appropriately, meet deadlines, execute with accuracy and recognize when issues need escalation.
  • Demonstrated commitment to providing high levels of customer service and improving operational efficiencies.
  • Ability to work under pressure with a positive attitude.
  • Ability to think critically, plan strategically, and prioritize actions as they relate to the University's goals.
  • Experience in process evaluation and implementation.
  • Leadership, communication, problem solving and supervisory skills.
  • Strong written and verbal communication skills required.
  • Ability to work both independently and in collaboration with diverse individuals.
  • Flexibility in working hours during peak reporting periods required.
  • Ability to maintain confidentiality of sensitive information.

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