Senior Director of Financial Reporting and Compliance

Job Title

Senior Director of Financial Reporting and Compliance

 

 

Department

Controllers Office

 

 

Worker Type

Regular

 

 

Pay Type

Salary

 

 

Position Salary Minimum

$100,000

 

 

Position Salary Maximum

$130,000

 

Salary will be commensurate with the level of the position, education, and experience.

 

 

 

Scheduled Weekly Hours

40

 

 

Benefit Eligible

Yes

 

 

Screening Date

2024-08-15

 

 

Job Description Summary

Responsible for all accounting functions for all operating, plant funds, restricted funds, loans, and agency funds. Supervise General Accounting Staff, including Director of Tax and Compliance and Investment Accountant. Ensure compliance with Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB). Manage year-end close process, annual financial audit process with external auditors, and the internal and external financials report development for both the University and the Miami University Foundation. Participate in LEAN projects on a continual basis and develop cost and forecasting analysis. Manage the University and Foundation general ledger and chart of accounts.

 

 

Job Description

Essential Duties:

 

Supervise all accounting tasks for unrestricted, auxiliary, designated, plant, loan, agency, debt and restricted funds. Provide customer service in understanding and maintaining these accounts. Examples of significant activities supervised are: Review all reconciliation and ensure reconciliation have occurred for all balance sheet accounts on a monthly basis. Review journal entries and monitor accounting activity for the funds listed above. Review upload, accounting processes, and interdepartmental charges. Process and reconcile data interfaces from bursar, AP and payroll and ensure that the accounting system remains in balance. Review fixed asset transactions and reconcile capitalization entries, depreciation and debt. Assist in preparing and distributing internal and external financial reports.

 

Supervise the Director of Tax and Compliance. Review the University's unrelated business income and preparation of annual year end reporting ( IRS 990, 990-T, W-2, 1099, 1042 forms and other tax related reporting.

 

Oversee development of documentation of Workday processes.  Oversee Workday finance training sessions.

 

Review and approve the HEI, IPEDS, HLC ratios, ODHE and other financial regulatory reporting.

 

Prepare annual Senate Bill 6 ratios.

 

Supervise General Accounting staff and Investment Accountant including but not limited to training, assign and direct work, review work, coach and/or counsel, and conduct performance evaluations.

 

Manage and participate in the annual year-end closing process for all the financial offices including the Banner general ledger year-end closing process, the year-end calendar, reconciliations, scoresheets, journal entry processing, budget carryforward processing, and financial workpaper preparation. Manage year-end roll forward process for general ledger accounts and encumbrances.

 

Work with external auditors to manage the annual university audit process.  Prepare audit schedules and respond to audit requests for additional information and explanations. Pursue and resolve any audit findings and management comments. Prepare management discussion and analysis, financial statements, and footnotes for Annual Report.  Review financial schedules and exhibits for the annual internal financial report. Coordinate production of the Annual Report and internal financial report. Manage completion of the annual NCAA agreed-upon procedures report and audit review.

 

Oversee NCAA annual audit including preparation of agreed-upon procedures report and audit review

 

Assure compliance with GAAP, GASB and FASB standards.  Review and implement new GASB and FASB pronouncements.

 

Act as a team leader on assigned projects, including assigning project-related tasks to other General Accounting staff and overseeing completion of project.

 

Lead or participate in LEAN projects in order to increase processing efficiency and reduce costs. Continually challenge the current operations and identify new process to review.

 

Manage and oversee report development in Workday.  Prepare forecasts and analysis to respond to internal information requests, external surveys, and other reporting requests.

 

Act as chart of accounts manager for general ledger. Define account attributes, control account number sequences and significant digits, establish authorization levels for creating and deleting accounts, and manage documentation of account purposes and restrictions.

 

Perform other duties as assigned by the Chief Accounting Officer

 

Minimum Qualifications:

• Bachelor’s degree in Accounting, Finance and or general business

• Eight (8) or more years of experience as an Auditor or Accounting Supervisor/Manager

 

Preferred Qualifications:

• CPA or Master's degree

• Experience with financial planning and forecasting

• Previous accounting management experience in a higher education environment and fund accounting 

• Experience with Workday or other ERP software 

• 3 or more years supervisory experience, knowledge of GAAP, GASB and FASB, and year end audit and financial statement preparation

 

Required Knowledge, Skills, and Abilities

• Strong proficiency with PC-based software including an advanced proficiency with Excel and experience with other analytical tools

• Excellent communication, analytical and organizational skills

 

 

 

Additional Position Information (if applicable)

 

 

Required Application Documents

Resume, cover letter

 

 

Special Instructions (if applicable)

None

 

 

Additional Information

A criminal background check is required. All campuses are smoke- and tobacco-free campuses.

 

This organization participates in E-Verify.

 

Remote Work
For positions that are approved for remote work: Remote work is not a right, it is a work arrangement that can be modified or revoked by Miami University at any time for any reason, including the convenience of the University.

Reasonable Accommodations
Requests for reasonable accommodations for disabilities related to employment should be directed to ADAFacultyStaff@miamioh.edu or 513-529-3560. Questions and follow-ups regarding requests should also be directed here.

Diversity Statement
Miami University is committed to creating an inclusive and effective teaching, learning, research, and working environment for all. For more information on Miami University’s diversity initiatives, please visit the Office of Transformational and Inclusive Excellence webpage. For more information on Miami University’s mission and core values, please visit the Mission and Core Values webpage.

Equal Opportunity/Affirmative Action Statement
Miami University, an Equal Opportunity/Affirmative Action employer, encourages applications from minorities, women, protected veterans and individuals with disabilities. Miami University prohibits harassment, discrimination and retaliation on the basis of age (40 years or older), color, disability, gender identity or expression, genetic information, military status, national origin (ancestry), pregnancy, race, religion, sex/gender, status as a parent or foster parent, sexual orientation, or protected veteran status in its application and admission processes, educational programs and activities, facilities, programs or employment practices. Requests for reasonable accommodations for disabilities related to employment should be directed to ADAFacultyStaff@miamioh.edu or 513-529-3560.

Clery Act
As part of the University’s commitment to maintaining a healthy and safe living, learning, and working environment, we encourage you to read Miami University’s Annual Security & Fire Safety Report at: http://www.MiamiOH.edu/campus-safety/annual-report/index.html, which contains information about campus safety, crime statistics, and our drug and alcohol abuse and prevention program designed to prevent the unlawful possession, use, and distribution of drugs and alcohol on campus and at university events and activities. This report also contains information on programs and policies designed to prevent and address sexual violence, domestic violence, dating violence, and stalking. Each year, email notification of this website is made to all faculty, staff, and enrolled students. Written notification is also provided to prospective students and employees. Hard copies of the Annual Security & Fire Safety Report may be obtained from the Miami University Police Department at 513-529-2223.

Labor Law Posters for Applicants

Please visit our Labor Law Posters webpage to access all relevant and applicable labor law information.