Reporting to the AVP for UR Finance & Operations
and UMCPF Vice President, CFO & Treasurer,
the Executive Director of Finance and Budget is responsible for the
day-to-day oversight and management of the division’s finance
office, which includes responsibility for finance, budgeting, and
accounting functions in support of the Division of University
Relations and the University of Maryland College Park Foundation
(UMCPF). The department has seven (7) staff. This position will
supervise two (2) positions and five (5) indirect staff to ensure
that all transactions are accurately recorded in the general
ledger, accounts are reconciled monthly and properly maintained for
accounting and fiduciary purposes, manage
the UMCPF banking relations and credit card program,
provide prompt and accurate internal and external financial
reporting, and monitor and update internal controls over financial
statements and processes.
Duties include working with the AVP on the annual budget
process for the division and Foundation; overseeing the external
and internal audit process; preparing the financial statements and
notes for the annual audit report; overseeing the preparation of
the annual IRS Form 990, as well as all supporting
schedules; reviewing and approving account agreements; contracts
for services; opening and closing of fiscal periods; and managing
updates to the Financial Edge financial management system.
The Executive Director will also be responsible for ensuring that
the UMCPF financial management system maintains accurate
records and data to facilitate the generation of all required
financial and tax compliance reports required by
the UMCPF by-laws, the USM Board of Regents
Affiliated Foundations Policy, and all federal and state regulatory
The incumbent in this position is required to file an annual
Financial Disclosure Form with the State of Maryland Ethics
Commission. Education (include licenses,
Bachelor’s Degree required,
preferably in accounting, finance, business or related field.
At least 10 years of professional
accounting and finance experience, including at least 5 years of
Prior general ledger experience required in a non-profit
organization with major and direct responsibilities for the
maintenance of the general ledger, generation
of GAAP based financial statements, and financial
Experience working with senior leadership and Board members.
Experience preparing IRS Form 990.
Knowledge, Skills, and Abilities:
- Knowledge of Fund
Accounting, GAAP, GASB and FASB standards,
financial reporting requirements for non-profit organizations,
internal control standards and procedures, and fiduciary
responsibility of Foundation officials.
- Direct knowledge of FAS 116, 117, 124 and related
accounting standards, knowledge and experience in tax and
regulatory issues for non-profit organizations.
- Familiarity with the operations of large non-profits and/or
higher education institutions.