Finance Office
JOB SUMMARY:
The Assistant Controller for Financial Reporting and Expenses will report directly to the AVP of Finance and Controller. The Assistant Controller is responsible for all accounting and financial reporting functions as well as accounts payable and grant accounting. The Assistant Controller is responsible for monitoring and ensuring adherence to the internal control policies and procedures and compliance with financial and reporting requirements of the University.
REPORTS TO: Assistant Vice President of Finance and Controller
RESPONSIBILITIES & DUTIES:
Prepare monthly and annual financial statements.
Establish and maintain internal controls and ensure compliance with all financial reporting requirements.
Manage all aspects of the general ledger.
Lead monthly variance analysis.
Assist with the budget process,
Prepare all tax returns - Forms 990, 990-T, 1099's, 1098's, W-2's, 941's, etc.
Assist the controller in leading the all financial audits including the annual audit with the external auditors.
Review monthly medical claims and ensure adequate reserves are maintained for the University's self-insured medical plan. Participating in semi-annual meetings with the Insurance Carriers and consultants regarding medical and pharmacy plans.
Ensure compliance with long-term debt agreements, including debt service payments, annual reporting requirements, monthly billings and debt covenants.
Lead the preparation of financial reporting and documentation associated with any financings.
Manage Endowment funds for compliance with donor stipulated endowment and restricted fund agreements.
Lead the implementation of new accounting standards for financial statements, revenue recognition, and lease accounting.
Supervise the general accounting, accounts payable, and grants accounting functions.
Collaborate with other members of the University on matters relating to finance.
Prepare and reconcile fundraising reports for the Office of University Advancement and distribution to the Board of Trustees and President.
Prepare ad hoc reports and analyses, as requested by the President, Vice President for Finance and Operations, and Chief Financial Officer.
Prepare quarterly and ad hoc financial reports for Board of Trustees to assess the financial health of the University and support decision-making.
Perform other job related duties as assigned.
REQUIREMENTS: (Knowledge, Skills and Abilities)
Significant experience in how state and federal laws and regulations impact private universities, including policies and procedures in the areas of business, financial administration, and risk management.
Extensive knowledge of Generally Accepted Accounting Standards pertaining to higher education institutions.
A work history that demonstrates progressively higher levels of managerial and administrative responsibility in comparable public or private institutions of higher education.
Excellent communication, managerial and human relations skills.
Knowledge of implementation of automated solutions in finance and administration, i.e., e-Procurement, financial reporting, etc. ERP implementation experience a plus.
EDUCATIONAL/EXPERIENCE REQUIREMENTS:
Bachelor's degree in Accounting or Finance is required.
Master's degree or Certification in Public Accounting (CPA) is preferred.
Minimum of seven years of experience in finance required, in the higher education area is highly preferred.
Strong supervisory skills and experience is required.
POSITION(S) SUPERVISED:
Director of Accounting.
Senior Accountant.
ABOUT ADELPHI:
Adelphi University, New York, is a highly awarded, nationally ranked, powerfully connected doctoral research university dedicated to transforming students' lives through small classes with world-class faculty, hands-on learning and innovative ways to support academic and career success. Adelphi offers exceptional liberal arts and sciences programs and professional training, with particular strength in our Core Four-Arts and Humanities, STEM and Social Sciences, the Business and Education Professions, and Health and Wellness. Recognized as a Best College by U.S. News & World Report, Adelphi is Long Island's oldest private coeducational university, serving almost 8,000 students at its beautiful main campus in Garden City, at learning hubs in Manhattan, the Hudson Valley and Suffolk County, and online. The University offers more than 60 undergraduate programs, more than 65 master's degree and doctoral programs, and more than 35 certificate programs in the liberal arts, the sciences and professional training. With powerful partnerships throughout the New York area, more than 116,000 graduates across the country, a growing enrollment of students from 43 states and 64 countries, and rising rankings from top publications and organizations, Adelphi is a dynamic community that plays a leadership role on Long Island and in the region.