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Associate Director of Accounting
hace 2 meses
Job Title: Associate Director of Accounting
Job Summary:
Berklee College of Music is seeking an experienced and motivated Associate Director of Accounting to join our prestigious institution. The Associate Director of Accounting will be a key member of the finance team, responsible for overseeing various accounting functions to ensure compliance, accuracy, and efficiency within the complex financial landscape of higher education.
Key Responsibilities:
- Financial Statement Preparation:
- Oversee the preparation and analysis of financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and other relevant regulatory standards.
- Prepare workpapers in association with the yearly audit.
- Oversee the balance sheet account reconciliations and various account rollforward schedules required for quarter and year end.
- Manage federal aid accounting activities, including compliance with funding agency requirements, financial reporting, and grant expenditure tracking.
- Manage grant accounting activities, including compliance with funding agency requirements, financial reporting, and grant expenditure tracking.
- Oversee the accounting for temporary, unrestricted and restricted funds, endowments, and other designated funds, ensuring accurate recording and reporting of transactions.
- Collaborate with grant managers and principal investigators to ensure proper stewardship of grant funds and adherence to grant terms and conditions.
- Establish and maintain internal controls to safeguard university assets and ensure compliance with regulatory requirements.
- Conduct periodic audits and reviews to assess control effectiveness and address any deficiencies.
- Stay abreast of changes in accounting standards and regulations relevant to higher education institutions and implement necessary updates and changes.
- Oversee the university's financial systems and ERP software, ensuring data integrity, system functionality, and user support.
- Collaborate with IT and finance teams to implement system enhancements, upgrades, and integrations as needed.
- Provide training and support to finance staff on the use of financial systems and tools.
- Supervise and mentor accounting staff, providing guidance, training, and professional development opportunities to enhance their skills and capabilities.
- Foster a culture of continuous improvement, collaboration, and accountability within the accounting team.
Requirements:
- Bachelor's degree in Accounting required. Master in Accounting and CPA designation strongly preferred.
- 8+ years of progressive accounting experience in higher education or nonprofit sector, with at least 3 years in a supervisory or managerial role.
- In-depth knowledge of accounting principles, standards, and regulations relevant to higher education institutions (GAAP & FASB).
- Experience with grant accounting, fund accounting, and financial reporting for restricted funds and endowments.
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide strategic recommendations.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders.
- Proven leadership abilities, with a track record of managing teams and driving results in a complex organizational environment.
- Workday preferred, as our ERP is currently Workday.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
Equal Employment Opportunity:
Berklee College of Music is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating an inclusive workplace where everyone excels based on personal merit, qualifications, experience, ability, and job performance.
