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Job No: 499985 Work Type: Staff Location: Newark/Hybrid Categories: Financial Services and Procurement
Pay Grade: 36E
Context of the Job:
The mission of the Controller’s Office is to perform the official financial duties of the University and to maintain the official accounting records and related systems of internal control in accordance with the relevant Financial Accounting Standards Board (FASB) regulations, University policies and procedures, and the requirements of federal and state governmental agencies. Under the limited direction of the Vice President for Finance and Accounting, the Controller will be responsible for the efficient management of accounting and reporting processes. The Controller is responsible for the supervision of 14 professionals and 1 salaried staff employee.
Major Responsibilities:
Supervise and direct the activities of the functional teams within the Controller’s Office as listed below. See last page for further detail of responsibilities within each functional area.
Financial Reporting & Accounting
General Ledger & Data Integrity
Technical Accounting & Compliance
Cost & Capital Asset Accounting
Coordinate monthly closes, financial statement preparation, annual and interim financial reports, financial statement analysis, audit activities including the Single Audit and NCAA Agreed Upon Procedures, and other information reports and requests; ensure the accuracy and integrity of financial reporting.
Report on the University’s financial statements, audits, tax reporting and other pertinent issues to the Audit Visiting Committee of the Board of Trustees.
Report on the University’s financial resources and debt portfolio to the Finance Committee of the Board of Trustees.
Oversee reporting processes that support accurate filings of Form 990, Form 990-T and state and local tax returns.
Interact with University’s external financial advisors and credit rating agencies, providing pertinent data and other information for periodic ratings, disclosures, surveys and ongoing monitoring of University’s liquidity and financial position. Collaborate with various stakeholders in internal discussions around financing and debt strategies.
Manage post-issuance compliance matters related to tax-exempt debt.
Prepare budget for Finance departments excluding Auxiliaries and monitor budget versus actuals.
Work closely with the Information Technologies department to maintain up to date financial systems, including the testing of upgrades to the systems.
Engage in continuous improvement of internal controls throughout the University’s portfolio of business activities.
Ensure compliance with University policies and procedures, relevant FASB regulations, and the requirements of federal and state government agencies.
Work closely with the Vice President for Finance in the interpretation and implementation of all new FASB accounting and reporting requirements.
Provide direction and assistance to University departments regarding accounting policies and procedures, implementation of new practices and procedures and efficient control and utilization of financial resources.
Coordinate the preparation of the Facilities and Administration Cost Proposal and Fringe Benefit Rate proposal.
Oversee cost related responsibilities including service center rates and approvals.
Review, recommend and implement changes to improve operational effectiveness; may serve on University planning and policy-making committees.
Design, establish and maintain an organizational structure and staffing to effectively accomplish the University’s goals and objectives; oversee recruitment, training, supervision, and evaluation of Controller’s Office staff.
Set high expectations for team performance and professional conduct.
Perform job-related duties as assigned.
Qualifications:
Bachelor's degree (Master’s degree preferred) in accounting, finance, business administration or other job-related discipline, and eight years progressively responsible experience with includes accounting, management, supervision, and oversight of complex enterprise accounting systems.
CPA and experience at a research-focused university or other large, complex not-for-profit organization is preferred.
Knowledge of private and government financial reporting requirements and standards is required.
Effective analytical, evaluative, and objective critical thinking skills and the ability to effectively summarize and present information is required.
Skill is required in examining and re-engineering operations and procedures and developing and implementing new strategies and procedures.
Excellent interpersonal skills, willingness to be a supportive member of the UD Finance team, as well as excellent written, oral, and electronic communication skills are required.
Requires the ability to positively motivate employees to perform at their best; supervise and train employees, including organizing, prioritizing, and scheduling work assignments and ability to foster a cooperative work environment.
Experience with major financial systems is required and knowledge of PeopleSoft enterprise software is preferred.
Strong skills in business control model development and testing of internal controls is preferred.
Demonstrates an understanding and consideration of the differing needs and concerns of individuals with varying identities, cultures, and backgrounds.
Committed to fostering a workplace culture of belonging, where diversity is celebrated, and equity is a core value.
Notice of Non-Discrimination, Equal Opportunity and Affirmative Action The University of Delaware does not discriminate against any person on the basis of race, color, national origin, sex, gender identity or expression, sexual orientation, genetic information, marital status, disability, religion, age, veteran status or any other characteristic protected by applicable law in its employment, educational programs and activities, admissions policies, and scholarship and loan programs as required by Title IX of the Educational Amendments of 1972, the Americans with Disabilities Act of 1990, Section 504 of the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, and other applicable statutes and University policies. The University of Delaware also prohibits unlawful harassment including sexual harassment and sexual violence.
