Controller

Position Description Position Title Controller JOB PURPOSE The Controller serves as the lead accounting officer and with limited supervision is responsible for accounting operations completion of the annual audit internal and external financial reporting and internal control as well as compliance with GAA P and federal state and local laws and regulations related to the finances of not -for-profit institutions. The Controller supervises the areas of general accounting grant accounting endowment restricted funds accounting debt compliance cash management payroll accounts receivable including student accounts accounts payable fixed assets tax compliance and internal control systems for financial operations. Reports to the Vice President for Finance and CFO. ESSENTIAL FUNCTIONS of time Financ ial & Departmental Management 30 of time Manage cash needs of the Seminary including monitoring cash balances in accounts ensuring transfers between accounts are handled appropriately and timely and ensuring that endowment draws are approved and performed as needed. Serve as supervisor for payroll functions whether in -house or outsourced and ensure s that payrolls are processed timely accurately and in accordance with all relevant statutes and regulations. Supervise s the accounting team and other functions such as pay roll Bursar s office etc. Supports the Finance team by meeting regularly with all direct reports managing performance on an ongoing basis throughout the year ensuring effective performance management for in direct reports creating and ensuring opportunities for team development and supporting recognition efforts that build m orale. Partner with the Human Resources department especially in the effective execution of the payroll function and employee benefits. Develop s implement s document s and adhere s to accounting policies and procedures in compliance with Generally Accepted Accounting Principles GAAP the Financial Accounting Standard Boards standards for not -for- profit entities applicable government and private grant management guidelines and applicable tax and bond regulations. Develop greater awareness of GAAP requirements within the department. Leads processes for appropriate reporting of taxes for non -resident aliens through the Glacier software and in collaboration with Financial Aid Global Services and the payroll function. Oversee s all accounting functions of the Seminary. Provide s leadership and mentoring for accounting staff foster s a team environment and support staff professional development Promote s a culture of customer service excellence and community engagement by all members of the staff work collaboratively with other campus departments and communicate accounting policies and changes to the Seminary community. Budget Preparation and Analysis 10 of time Work s with the Vice President for Finance and CFO and Deputy to the CFO to plan prepare and implement the Seminarys annual operating and capital budgets monitor s budget implementation by preparing interim reports and analyzing budget variances throughout the fiscal year. Annual Audits 20 of time Serves as primary liaison with the external auditors for both financial audit and Uniform Guidance Audit. Assigns tasks as appropriate to Business Office staff and key personnel in other departments to ensure all audit requests are submitted accurately and timely. Prepare s annual financial statements in accordance with accounting guidelines and best practices. Financial Reporting 25 of time Prepares reports for external reporting requirements including IPEDS Finance Survey FISAP reports to credit agencies and accreditation organizations . Ensure s the accurate and timely preparation and filing of federal and state tax returns and schedules 990T 1099s 1098Ts 1041 1042 1042S 4720 1095Cs PCORI sales & occupancy tax reporting etc . Ensure s that payments reportingdisclosures accounting entries and other covenants for the Seminarys taxable and tax -exempt bonds are met in a timely manner . Support s grant reporting by providing necessary payroll and financial information for departments that manage grants. Operational Effectiveness and Internal Control 15 of time Stewards all resources including budget effectively and appropriately Meets operational targets develops innovat ive solutions and continuously improves department and operational efforts Assist s in development and implementation of modifications to existing accounting policies and procedures as to promote efficiency continuously review accounting practices to meet the evolving needs of the Seminary and to incorporate best practices Develop s and implement s effective internal control policies and procedures. Total 100 time OTHER FUNCTIONS Serve as requested on committees remain s apprised of changes in accounting rules and standards impacting higher education QUALIFICATIONS CREDENTIALS REQUIRED • Bachelors degree in accounting • Minimum of ten years of progressive experience in a n accountingfinance position in non-profit or higher education • Extensive knowledge of the principles theories and practices of non -profitfund accounting auditing budgeting and financial management. • Excellent attention to detail and analytical communication and presentation skills. • Commitment to process improvement flexibility and willingness to adapt to change. • Absolute integrity and discretion especially in the handling of confidential information. • Excellent interpersonal skills including the ability to relate to broad constituencies including staff administrators senior executives board members students and external professionals. • Enjoy being a part of a community dedicated to the Seminarys mission working as part of a professional team and motivating others to develop and achieve. • Demonstrated initiative and strong work ethic with the ability to work in a fast-paced environment. PREFERRED QUALIFICATIONS AND SKILLS • Masters degree Accounting MBA or similar strongly preferred • Certified Public Accountant CPA or Certified Management Accountant CMA • Experience working in Higher Education PHYSICAL ENVIRONMENTAL DEMANDS This description reflects essential functions of the position it does not restrict tasks that may be assigned or changed at any time. STATUS Exempt Administrator Prepared by Jean Hall Date Princeton Theological Seminary reserves the right to amend this position description at any time. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race color religion gender national origin disability status protected veteran status gender identity sexual orientation o r any other characteristic protected by law. Commented TC1 This is a change for previous integrations -are you sure you want CPA required and not preferred