What are the responsibilities and job description for the Controller position at New Hampshire Retirement System?
SCOPE OF WORK:
Under the direction of the NHRS Director of Finance, administers and manages the general ledger accounting and finance functional area of NHRS, including reporting and audits. Responsible for timely and accurate preparation of NHRS financial statements and reports in accordance with Governmental Accounting Standards Board (GASB) pronouncements as well as Generally Accepted Accounting Principles (GAAP).
ACCOUNTABILITIES:
- Responsible for the operational and financial integrity of NHRS’ general ledger accounting system, including the accurate and timely preparation of NHRS’ monthly financial operating statements in accordance with GASB and other applicable recognized accounting standards.
- Plans, coordinates and prepares NHRS’s Annual Comprehensive Financial Report (ACFR).
- Works directly with NHRS’s external auditor to provide supporting schedules and other information for the completion of the financial audit. Also works directly with NHRS’s actuaries and provides the actuarial extract data.
- Assists the Director of Finance with the preparation and monitoring of the NHRS operating and trust fund budgets.
- Prepares and provides various data and reports to the Director of Finance, NHRS Management Team, actuaries, Legislature, Board of Trustees, State Administrators and auditors as necessary.
- Reconciles various accounts in the general ledger software against internal and external sources in the NHRS’s general ledger system.
- Serves as subject matter expert for GASB and other applicable financial reporting standards.
- Responsible for preparing, processing and issuing annual 1099R tax forms to retirees/beneficiaries. Also prepares all required annual and quarterly payroll tax forms required by the IRS.
- Responsible for posting the monthly annuity payroll and issuing the related ACH and check files to the bank in a timely manner.
- Assists the Director of Finance to ensure cost and operationally efficient policies and procedures are established for financial reporting and cash management functions of NHRS.
- Prepares and enters journal entries into general ledger software. Prepares monthly and annual financial statements and reports.
- Responsible for overseeing physical inventory for NHRS fixed assets including, location of items, cost of items and related backup paperwork that shows method of purchase and related invoice.
- Recommends financial software solutions to meet organizational finance reporting needs; for the planning, procurement, implementation, maintenance and updating of financial software systems to meet organizational and reporting needs of the NHRS.
- Oversees Accounts Payable and Accounts Receivable and provides related information to
the NHRS’s custodial bank. - Oversees the 120 day termination pay process pursuant to statutory limitations, monitors receipt of salary continuance contributions.
- Working with the Public Information Officer and Employer Reporting Manager developing ongoing employer and vendor training on the reporting of contributions via forms, web entry and xml files.
- Coordinates year-end schedule and process in preparation for fiscal year closing and member statements.
- Oversees technical research, service-related projects and processes, and systems testing.
- Actively participates on NHRS’ management team, including development and
implementation of strategic planning initiatives, collaborative problem-solving, and various
project initiatives. - Carries out supervisory responsibilities in accordance with the organization’s policies and
applicable laws. Responsibilities include interviewing, hiring and training employees;
planning, assigning and directing work; appraising performance; rewarding and disciplining
employees; addressing complaints and resolving problems. - Other appropriate and related duties as assigned by supervisor.
MINIMUM QUALIFICATIONS:
Education: Bachelor’s degree from a recognized college or university with a major study in accounting, finance, business administration or economics.
Experience: Eight years of progressive work experience in accounting, auditing, or financial management and four years of managerial experience.
License/Certification: Valid driver’s license preferred
Salary : $95,000 - $105,000
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