POSITION SUMMARY
The Director of Accounting Operations & Treasury is responsible for the day-to-day management of accounting and treasury/cash management operations, including general ledger, accounts receivable, billing and accounts payable - hands on director role. The Director oversees the accounting staff involved in general accounting, treasury and cash management, accounts payable, accounts receivable, and branch campus accounting operations. The Director manages the audit of annual financial statements and A133 audit of federal financial aid. The Director of Accounting Operations & Treasury works closely with the Director of Finance and the Director of Budgets to ensure that the proper controls, reporting, and systems are in place to successfully execute upon all accounting and financial reporting responsibilities.
ESSENTIAL RESPONSIBILITIES
- Manage and oversee daily operations of the accounting department, including but not limited to general accounting, cash management/treasury operations, accounts payable and accounts receivable.
- Design, implement and maintain appropriate accounting policies and procedures to enable accurate and timely financial reporting, which is compliant with GAAP and other regulatory requirements.
- Plan, organize, and coordinate monthly and fiscal year end accounting close process with internal staff and external auditors, including deadlines to meet all reporting requirements.
- Manage the timely preparation of the annual audit. Coordinate with external auditors to promote an efficient, productive audit of the internal controls and financial records including the A133 audit of federal funds. Works closely with the Director of Finance to prepare and execute data needs and footnotes required by external auditor.
- Monitor key internal controls to ensure compliance with the CIA’s policies and procedures.
- Manage and monitors the production of the Cash Summary Statement on a daily basis including preparation of cash flow projections on a monthly basis.
- Manage short-term investment strategy.
- Direct the Institute’s electronic banking activity, including but not limited to wires, ACH, direct deposits, and transfers. The banking activity includes both domestic and international transactions. Monitor bank service fees and addresses quality issues.
- Monitor incoming revenues and Accounts Payable disbursements and cash flow requirements. Ensure proper processing of payments including bi-weekly payroll, direct deposit, employment taxes and TIAA retirement funding.
- Oversee the reconciliation of revenue accounts including tuition and fees for all degree and certificate students for all campuses.
- Ensure the correct and timely reconciliation of the Institute’s subsidiary systems for accounts receivable, student accounts receivable, accounts payable, financial aid, continuing education, gifts received and special events to the General Ledger.
- Recommend, implement, and maintain process improvements in the area of accounting, accounts payable, accounts receivable, and cash management.
- Oversee and manage the hiring, professional development, and annual evaluation process for staff.
- All other duties as assigned.
REQUIRED QUALIFICATIONS
Education:
- Bachelor’s degree in Accounting or a related field of study.
Experience:
- Minimum of ten (10) years of work-related experience in multiple areas of accounting and finance.
- Minimum of five (5) years of supervisory experience, including the leadership of a cross-functional team.
PREFERRED QUALIFICATIONS
- Professional certification (CPA, CMA, or CFM) strongly preferred.
- Master’s Degree preferred.
- Strong knowledge of ERP financial systems, with a specific knowledge of Oracle preferred.
- Experience in preparing cash forecasts and cash flow analysis.
- Non-profit and/or higher education experience an asset.
REQUIRED SKILLS
- Superior management and multi-tasking skills, including the ability to manage multiple projects at the same time while consistently meeting deadlines.
- Comprehensive knowledge of Generally Accepted Accounting Principles (GAAP).
- Demonstrated knowledge of accounting and treasury practices. Strong knowledge of emerging systems, tools, and best practices.
- Strong communication, organizational, technology and leadership skills.
- Ability to lead, integrate, encourage, and motivate a high-functioning team; effective team building skills.
- Strong, direct and positive interpersonal skills. Demonstrated ability to work both independently and collaboratively in team settings, with senior leadership and with a diverse range of internal and external colleagues.
- Excellent verbal and written communication skills.
- Must display a high level of energy and self-motivation.
- Ability to work in a fast-paced environment, prioritize, and consistently meet deadlines.
- Strong analytical, problem-solving and conceptual skills.
- Strong computer experience, which must include abilities to work effectively with ERP accounting systems and MS Office suite products, i.e. Word, Excel, PowerPoint. Advanced skills in Excel required.
WORKING CONDITIONS
- Able to work evenings and weekends in accordance with business needs.
- May require periodic overnight travel to other campuses to conduct CIA business.
- Regular work requires the use of a computer, sometimes in excess of eight (8) hours per day.
The CIA offers a substantial benefits package that includes medical coverage available at no cost to qualifying employees, dental insurance, vision insurance, life insurance, short and long term disability insurance, retirement savings plan with high employer contributions, a generous paid time off program, and more!
As the benefits package at the CIA results in a significant value above the base hiring rate for this position, we encourage you to apply so that our recruiters can share more information with you about the benefits of working for the CIA.