Assistant or Associate Controller

1 month ago


Norton, United States Wheaton College Full time
Posting Number:
0601136

Position Title:
Assistant or Associate Controller (depending on experience)

FLSA:
Exempt

Job Type:
Full-Time

Staff Term:
12 Months

Staff Work Schedule (hours/dates):

Academic Year Schedule (dates):

Faculty Term:

Position Type:
Staff

Department:
Accounting Services

Job Summary/Basic Function:
The Assistant/Associate Controller (AC) is responsible for leadership and oversight responsibilities for a number of areas. The AC oversees select staff members and supports the Controller's Office generally, and the day-to-day accounting and fiscal activities of the College including general accounting in accordance with college policies and generally accepted accounting principles, general ledger maintenance, cash management, accounts payable, payroll, financial reporting, and fiscal policies and procedures. Reporting to the Controller, this individual will be instrumental in ensuring accurate and timely processing of transactions, management of the College's restricted fund account portfolio, completion of the annual financial audit and responsive service to campus stakeholders. The College is seeking a forward-thinking manager with confidence in the areas of problem solving and supervision of staff. Candidates with greater level of experience will be considered for the role of Associate Controller.

Essential Functions

Leadership & Management of Accounting Services 20%
  • Lead and manage in a high transaction volume environment with emphasis on accuracy and timeliness
  • Supervise and provide mentorship for staff and senior accountant(s), overseeing day to day activities and reviewing work particularly in the areas of fixed assets, receivables, debt, and cash reconciliations
  • Collaborate with staff across various campus departments, educating other campus stakeholders on financial procedures and exploring opportunities where accounting services can better support program operations.

Restricted Giving Liaison 30%
  • Responsible for investment accounting with a specific focus on the improvement of investment transaction processing, reporting and internal controls.
  • Review or prepare quarterly consolidated investment activity and endowment spreadsheets detailing gift activity, income distribution, and investment activity at both cost and market. Prepare/review related journal entries to record activity in the general ledger.
  • Prepare market value reporting on a monthly basis and reconcile quarterly to the investment advisor reporting. Maintain contact with investment managers and advisor as necessary to gather monthly information.
  • Reviews gift agreements and planned giving instruments to determine appropriate classification and accounting treatment within the financial system and external financial statements. This includes oversight for stock gifts and gifts-in-kind.
  • Prepare quarterly and year end workpapers for contributions, investments, release of restrictions on funds with donor restrictions, and planned giving instruments.

Accounting and Compliance 40%
  • Identify areas of improvement within the internal controls, finance, and general accounting procedures, guidelines and policies, and work towards implementation of long-term solutions. Investigation and reconciliation of variance ledger accounts.
  • Coordinate the preparation/prepare audit schedules for key general ledger accounts.
  • Act as a liaison for the external auditors during interim and the year-end audit.
  • Assist with preparation of the first draft of college's financial statements and footnotes.
  • Provide support to the Controller and Vice President for Finance and Administration, CFO/COO in preparing materials for the Board of Trustees Finance and Facilities and Audit Committees, including development/editing of presentations and other deliverables, preparing and editing committee minutes, and other tasks as requested.
  • Prepare required schedules related to the College's tax returns including the 990, 990-T, MA Form PC and M990-T.
  • Prepare responses to survey requests from external and internal requestors.
  • Support stakeholders across campus with financial and related transactions and questions

Project Management 10%
  • Complete ad hoc projects that further the strategic goals and initiatives of the College
  • Identify areas of improvement within the internal controls, finance, and general accounting procedures, guidelines and policies, and work towards implementation of long-term solutions.


Minimum Qualifications:
Bachelor's degree in accounting, business, finance, or a related field. 5+ years experience in a related position/field.

Preferred Qualifications:
CPA and/or MBA and experience in higher education or related field preferred.

Compensation and Benefits:
To attract and retain the most talented individuals, Wheaton College maintains a flexible and competitive staff compensation and benefits program.

When determining and establishing hiring rates or recruitment ranges for a position, the College considers a number of factors including the budget for the position, the range of the grade, the external market for the position or similar positions, level and scope of responsibilities, required education, skills and relevant experience as well as internal equity. All salary offers must have the prior approval of the Office of Human Resources.

The title and salary for this position will be commensurate with the qualifications, education and experience.

Physical Demands:

ADA Statement:

Individuals must possess these knowledges, skills and abilities or be able to explain and demonstrate that the individual can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.



Eeo Statement:
Wheaton College is an equal opportunity/affirmative action employer and does not discriminate against any individual or group on the basis of gender, sexual orientation, gender identity or expression, age, race, color, religion, national origin, veteran status, genetic information, or disability. In a continuing effort to maintain and enrich an intellectually diverse learning environment, the Department and the College actively encourages applications from women and members of underrepresented groups. Wheaton's core belief is that valuing diversity is pivotal to personal development, intellectual expansion, and societal equity. Our community is united by a shared dedication to equity and access that is essential to providing a transformative education in the Liberal Arts and Sciences.

Posting Date:
08/06/2024

Closing Date:

Open Until Filled:
No

Contact(s):
Office of Human Resources

Contact Phone/Extension:

Contact Email:

Contact Fax:

Special Instructions to Candidates:
The federal government and the state of Massachusetts have made the decision to end the COVID-19 public health emergency. Effective June 1, 2023, the college will no longer require COVID-19 vaccinations and boosters for members of our community. Rather, we strongly recommend that everyone stay up to date on their vaccinations, including boosters, as recommended by their health care provider. While we will no longer require COVID-19 vaccinations, we strongly encourage members of our campus community to adhere to public health recommendations for vaccination to protect against COVID-19, as well as influenza and other diseases.

References:

Supplemental Questions:

Required fields are indicated with an asterisk (*).



Optional & Required Documents:
Required Documents
  1. Cover Letter
  2. List of References
  3. Resume
Optional Documents

PI



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