Inside Higher Ed
Assistant Controller and Director of Financial Reporting
Inside Higher Ed, Atlanta, Georgia, United States, 30383
Assistant Controller and Director of Financial Reporting
Position Summary
The Assistant Controller and Director of Financial Reporting will be responsible for preparing all of the College’s various internal and external financial statements, appropriate analysis of changes and trends, and footnote disclosures in accordance with GAAP. This includes acting as a key source of financial reporting expertise and knowledge pertaining to the College’s consolidation methods. The position is also responsible for research and analysis of non‑routine transactions and oversees the staff maintaining general ledger accounts and the opening and closing of general ledger periods on a monthly and annual basis.
Essential Duties and Responsibilities
Manage the preparation and distribution of the monthly, quarterly, and annual consolidated internal and external financial statements (balance sheet, statement of operations, statement of cash flows, statement of changes in capitalization) and those of the College’s subsidiaries, ensuring accuracy and conformity with GAAP.
Prepare the quarterly and annual consolidated financial statements and footnote disclosures, ensuring inclusion of all relevant and necessary disclosures, non‑routine transactions, subsequent events, and that adequate supporting documentation is obtained.
Prepare financial statements, monthly budget allocations, and comparisons of actual revenues and expenditures to budget projections, including explanations of budget variances; act in conjunction with the Controller and serve as liaison to Investment Operations and Institutional Advancement to record gifts and administer insurance contracts.
Collaborate with other employees within Business and Financial Affairs and other departments to obtain necessary information for consolidated financial statement disclosures; maintain a footnote support binder and tie all numbers and other relevant information to supporting documentation.
Ensure financial statements and footnotes are reviewed by Vice President for Business and Financial Affairs and Treasurer and obtain internal certifications of the review.
Maintain details of related‑party transactions and non‑GAAP amounts.
Prepare the annual financial statements for the College’s two (2) 403(b) plans, ensuring DOL deadlines are met.
Collaborate with other College employees to update benefit‑plan footnote disclosures as appropriate.
Analyze and ensure the accuracy and adequacy of all accounting estimates, including allowance for doubtful accounts, depreciation, and asset retirement obligation; evaluate and document key determinants/assumptions.
Coordinate the gathering of auditor‑requested workpapers, supporting analyses, and supporting documentation for consolidated financial statements and footnote disclosures.
Manage the annual external audit process and other audits (403(b), single audit, grantor and insurance audits).
Ensure compliance with SEC, FASB, and eventually IFRS regulations.
Prepare reports required by regulatory agencies.
Implement cash draw‑down procedures for federal, state, and private grants in accordance with regulations, including timely preparation and filing of federal SF‑425 reports and property reports; perform analyses of various balance‑sheet and other general‑ledger accounts to ensure proper recording of account balances, making corrections promptly.
Record monthly activities of College’s investment managers; analyze general ledger to determine funding requirements of construction and other projects for review by CFO and Senior Vice President for Business and Financial Affairs, Treasurer.
Required Qualifications
Bachelor’s degree in Accounting with eight or more years of related, progressive financial managerial experience.
Comprehensive knowledge of financial accounting and reporting for private colleges.
Strong management abilities and outstanding interpersonal skills to work with a diverse group of people and organizations.
Excellent analytical skills, problem‑solving abilities, and strategic thinking.
Excellent oral communication skills for presenting information and responding to questions from students, parents, employees, and the general public.
Ability to write business correspondence, procedure manuals, memos, letters, and emails.
Ability to read, analyze, and interpret documents such as financial statements, governmental regulations, professional journals, and procedural manuals.
Good proofreading skills.
Intermediate level computer skills using Microsoft Office Suite (Word, Excel, PowerPoint) and/or WordPerfect; ability to type memos, business correspondence, prepare mail merges, flyers, spreadsheets, forms, and use formulas for computations.
Understanding of the College’s administrative computing system to maximize productivity and efficiency.
Preferred Qualifications
Education beyond an undergraduate degree.
Certifications, Licenses, Restrictions
CPA is preferred.
Physical Demands While performing the duties of this job, the employee is regularly required to walk, talk, and hear. The employee is frequently required to use hands for computers and move items, and reach with hands and arms. The employee is occasionally required to stand, stoop or kneel or crouch or crawl, and lift and/or move up to 10 pounds. No special vision requirements beyond regular sight with the ability to adjust focus are necessary for performance of this position.
Shift Days
% Travel Required 1% - 25%
Full Time/Part Time Full‑time
Work Location / Schedule This position is eligible for a hybrid work arrangement.
FLSA Exempt
Number of Vacancies 1
Posting Number SC0775P
Posting Open Date 04/16/2025
Open Until Filled No
EEO Statement Spelman College is an EEO/Minority/Female/Disabled/Veteran/Title IX Employer and we participate in E‑Verify. We are a smoke‑free campus.
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The Assistant Controller and Director of Financial Reporting will be responsible for preparing all of the College’s various internal and external financial statements, appropriate analysis of changes and trends, and footnote disclosures in accordance with GAAP. This includes acting as a key source of financial reporting expertise and knowledge pertaining to the College’s consolidation methods. The position is also responsible for research and analysis of non‑routine transactions and oversees the staff maintaining general ledger accounts and the opening and closing of general ledger periods on a monthly and annual basis.
Essential Duties and Responsibilities
Manage the preparation and distribution of the monthly, quarterly, and annual consolidated internal and external financial statements (balance sheet, statement of operations, statement of cash flows, statement of changes in capitalization) and those of the College’s subsidiaries, ensuring accuracy and conformity with GAAP.
Prepare the quarterly and annual consolidated financial statements and footnote disclosures, ensuring inclusion of all relevant and necessary disclosures, non‑routine transactions, subsequent events, and that adequate supporting documentation is obtained.
Prepare financial statements, monthly budget allocations, and comparisons of actual revenues and expenditures to budget projections, including explanations of budget variances; act in conjunction with the Controller and serve as liaison to Investment Operations and Institutional Advancement to record gifts and administer insurance contracts.
Collaborate with other employees within Business and Financial Affairs and other departments to obtain necessary information for consolidated financial statement disclosures; maintain a footnote support binder and tie all numbers and other relevant information to supporting documentation.
Ensure financial statements and footnotes are reviewed by Vice President for Business and Financial Affairs and Treasurer and obtain internal certifications of the review.
Maintain details of related‑party transactions and non‑GAAP amounts.
Prepare the annual financial statements for the College’s two (2) 403(b) plans, ensuring DOL deadlines are met.
Collaborate with other College employees to update benefit‑plan footnote disclosures as appropriate.
Analyze and ensure the accuracy and adequacy of all accounting estimates, including allowance for doubtful accounts, depreciation, and asset retirement obligation; evaluate and document key determinants/assumptions.
Coordinate the gathering of auditor‑requested workpapers, supporting analyses, and supporting documentation for consolidated financial statements and footnote disclosures.
Manage the annual external audit process and other audits (403(b), single audit, grantor and insurance audits).
Ensure compliance with SEC, FASB, and eventually IFRS regulations.
Prepare reports required by regulatory agencies.
Implement cash draw‑down procedures for federal, state, and private grants in accordance with regulations, including timely preparation and filing of federal SF‑425 reports and property reports; perform analyses of various balance‑sheet and other general‑ledger accounts to ensure proper recording of account balances, making corrections promptly.
Record monthly activities of College’s investment managers; analyze general ledger to determine funding requirements of construction and other projects for review by CFO and Senior Vice President for Business and Financial Affairs, Treasurer.
Required Qualifications
Bachelor’s degree in Accounting with eight or more years of related, progressive financial managerial experience.
Comprehensive knowledge of financial accounting and reporting for private colleges.
Strong management abilities and outstanding interpersonal skills to work with a diverse group of people and organizations.
Excellent analytical skills, problem‑solving abilities, and strategic thinking.
Excellent oral communication skills for presenting information and responding to questions from students, parents, employees, and the general public.
Ability to write business correspondence, procedure manuals, memos, letters, and emails.
Ability to read, analyze, and interpret documents such as financial statements, governmental regulations, professional journals, and procedural manuals.
Good proofreading skills.
Intermediate level computer skills using Microsoft Office Suite (Word, Excel, PowerPoint) and/or WordPerfect; ability to type memos, business correspondence, prepare mail merges, flyers, spreadsheets, forms, and use formulas for computations.
Understanding of the College’s administrative computing system to maximize productivity and efficiency.
Preferred Qualifications
Education beyond an undergraduate degree.
Certifications, Licenses, Restrictions
CPA is preferred.
Physical Demands While performing the duties of this job, the employee is regularly required to walk, talk, and hear. The employee is frequently required to use hands for computers and move items, and reach with hands and arms. The employee is occasionally required to stand, stoop or kneel or crouch or crawl, and lift and/or move up to 10 pounds. No special vision requirements beyond regular sight with the ability to adjust focus are necessary for performance of this position.
Shift Days
% Travel Required 1% - 25%
Full Time/Part Time Full‑time
Work Location / Schedule This position is eligible for a hybrid work arrangement.
FLSA Exempt
Number of Vacancies 1
Posting Number SC0775P
Posting Open Date 04/16/2025
Open Until Filled No
EEO Statement Spelman College is an EEO/Minority/Female/Disabled/Veteran/Title IX Employer and we participate in E‑Verify. We are a smoke‑free campus.
#J-18808-Ljbffr