The Assistant Controller is directly responsible for the financial reporting processes, drafting financial statements, as well as the structure and integrity of the general ledger and chart of accounts, debt service and additional areas assigned. This individual will also coordinate the annual audit and manage the preparation of audit schedules.
It is imperative that the Assistant Controller is able to build rapport with other departments, managers, and staff to get their “buy- in” on the implementation of new procedures and streamlining of processes. My client is really seeking someone that is able to build the relational capacity necessary with other teams in order to be able to set standards and hold them accountable. Process improvement and implementation of newer, more efficient ways of completing tasks is important and to have the “buy-in” of your team is KEY.
The ideal candidate will have experience in public accountant auditing Non-Profit, Governmental or Higher Education organizations OR will have experience working directly for one of these organizations. CPA is highly preferred. CPA eligible may be considered. Those without non-profit experience might also be considered if they are the ideal culture fit and show the ability to have a flexible mindset.
About the Organization:
This client has been ranked #1 in numerous areas and is in top ratings for multiple commendations. This organization is always looking for new ways to provide their service lines in an ever-changing world! They are using cutting-edge research in their Accounting & Finance practices to ensure success.
In this position, you will have true work-life balance, job autonomy, a great team, and a beautiful working environment. The benefits are fantastic with this organization and include:
Medical, dental, vision, Medical Spending account, Parental leave, retirement plan with 10% contribution from the employer, Tuition remission for employee and dependents, and more!
96 hours Sick time & up to 160 hours of PTO.
Knowledge, Skills, Abilities needed for the Assistant Controller
- Thorough understanding of accounting principles and practices.
- Advanced skills in Microsoft Excel, Word, and PowerPoint.
- Ability to become proficient with new software and technology tools.
- Embrace challenges and possess initiative to tackle new assignments with attention to continuous process improvement.
- Ability to work as part of a team within an environment of accountability and transparency.
- Integrity and a positive attitude are essential.
Education & Experience needed for the Assistant Controller
- Bachelor’s degree in accounting and Certified Public Accountant with seven years’ experience is preferred, preferably in a higher education or other non-profit setting.
- Experience applying GAAP and FASB is required, in addition to five years of supervisory experience.
- Experience using Ellucian Colleague, Business Objects, Informer, Synoptix, or similar systems is preferred.
- My client would look at someone that has experience leading or supervising a team with 5-6 years of experience.
- Non-profit experience and/or higher education is not required but HIGHLY preferred. If you do not have this experience, you need to be flexible enough to make business decisions with relational capacity in mind and not live in a “corporate mindset” While deadlines are important, my client wants to foster an environment of collaboration and transparency.
What the Assistant Controller will do:
- Oversees financial integrity and continually evaluates internal control measures
- Implements processes improvements and procedures that will allow for time-saving and streamlining
- Plays a key role in the preparation of fiscal year-end financial statements and work papers; develops a detailed timeline for completion of statements and coordinates with colleagues to ensure appropriate reviews by established due dates.
- Provides assistance with tax returns, including Forms 990 & 990-T
- Assists the Controller with coordination of treasury operations, providing accurate cash flow reports.
- Responsible for developing and maintaining procedures manual for areas of responsibility.
- Supervises fixed asset accounting, including maintenance of the fixed asset database, including performing physical inventories and asset tagging; reviews depreciation projections.
- Responsible for monitoring the university’s debt covenants; performs debt capacity analyses; maintains compliance with tax-exempt borrowing regulations; ensures timely payments.
- This position directly supervises three staff and is required to provide supervision on a regular basis, including detailed instructions on new projects and assignments.