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Director of Financial Reporting

George Mason University

Fairfax, Virginia

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JOB DETAILS
SKILLS
Accounting, Accounting Policies, Accounting Software, Accounting Standards and Regulations, Alliance/Partner Management, Analysis Skills, Artificial Intelligence (AI), Automation, Background Investigation, Best Practices, Capital Expenditure (CAPEX), Continuous Improvement, Emerging Technology, External Audit, Federal Laws and Regulations, Financial Aid, Financial Audit, Financial Management, Financial Reporting, Financial Services, Financial Statements, Fixed Assets, Governmental Accounting Standards Board (GASB), Higher Education, Journal Entries, Leadership, Maintain Compliance, Mentoring, People Management, Process Improvement, Project Tracking, Reconciliation, Regulatory Compliance, Regulatory Submissions, Reimbursement, Rentals, Reporting Skills, Requirements Management, Risk Control Matrix, Risk Management, Service Delivery, State Laws and Regulations, Stewardship, Time Management, Treasury, Variance Analysis
LOCATION
Fairfax, Virginia
POSTED
5 days ago
Department: Fiscal Services

Classification: Administrative Faculty

Job Category: Administrative or Professional Faculty

Job Type: Full-time

Work Schedule: Full-time (1.0 FTE, 40 hrs/wk)

Location: Fairfax, VA

Workplace Type: Hybrid Eligible - Fiscal Services' standard is 2-3 days/week in office

Sponsorship Eligibility: Not eligible for visa sponsorship

Salary: Salary starts at $140,000, commensurate with education and experience

Criminal Background Check: Yes

Financial Background Check: Yes

About the Department:

The General Accounting Office provides fiscal services to the university, promoting financial best practices, forming strategic partnerships, establishing efficient systems, and pursuing continuous improvement. Creates and maintains a sustainable financial framework and strong internal controls to promote sound fiscal management, careful stewardship of university resources, and accountability. Fosters innovation to support George Mason University's overall mission by employing new methods to deliver financial services and collaborating on process improvements and new initiatives. Provides accurate and timely financial data to ensure comprehensive reporting, compliance, and analysis to enable strategic decision-making.

About the Position:

The Director of Financial Reporting manages the Financial Reporting team and is responsible for overseeing the preparation and delivery of accurate, timely, and compliant financial statements and financial reports for the university. This role ensures adherence to applicable accounting standards, oversees external audits, and leads initiatives to enhance financial reporting processes and systems.

Responsibilities:
  • Supervise Financial Reporting staff in month-end, quarter-end, and year-end close activities, including journal entries, account reconciliations, and variance analysis. Maintain and manage close checklists by updating deadlines, assigning preparers and reviewers, and monitoring progress. Ensure journal entries are prepared, reviewed, and approved in accordance with established approval matrices and internal controls;
  • Oversee the preparation of the university's accrual-based financial statements, including the collection and aggregation of financial information from component units (related entities). Coordinate the efforts of all concerned, and provide guidance and ensure timely and accurate completion of financial statements;
  • Oversee accounting for debt, fixed assets, investments, rental operations, and the accounting for leases/SBITAs/PPPs;
  • Oversee implementation of new GASB accounting standards, ensuring compliance with applicable requirements;
  • Supervise preparation of the university's annual financial statement package, including Management's Discussion & Analysis (MD&A) and footnotes, ensuring accuracy and timeliness;
  • Ensure timely preparation and submission of State Financial Statement Directives, as required by the Code of Virginia for higher education institutions;
  • Oversee preparation of quarterly financial reports for senior leadership and other internal financial reports as requested;
  • Manage reporting requirements for Foreign Gifts and Contracts, IPEDS, Shanghai GRUP, and other federal and state regulatory filings;
  • Support and coordinate financial information required for bond rating agencies, and participate in other University reporting as requested;
  • Maintain awareness of evolving reporting requirements from federal, state, and external regulatory bodies;
  • Monitor and communicate progress of the annual audit of financial statements, NCAA agreed upon procedures engagement, Single Audit (research and financial aid), and other ad-hoc audits as needed;
  • Ensure timely completion and submission of Bond Requisitions to the State Treasury for reimbursement of capital expenditures;
  • Oversee timely processing of debt service payments and accurate recording of related journal entries;
  • Develop, implement, and enhance accounting policies, procedures, and internal controls, including maintaining the Risk Control Matrix (RCM) for financial reporting;
  • Identify and implement process improvements, including automation and use of emerging technologies (e.g., AI), to increase efficiency and reduce risk across accounting systems and processes;
  • Lead, mentor, and develop Financial Reporting staff, including hiring, training, performa

About the Company

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George Mason University

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