Controller

Position Summary

This position is primarily responsible overseeing and directing the Controllers’ staff utilization of acceptable financial standards to ensure proper control of all corporate assets, budgets, payroll, tax liabilities, and ensure the data integrity of corporate accounting and reporting systems. Pursuant to an inter-company agreement, this position also provides services to its wholly owned subsidiary, New Covenant Trust Company, NA, in its capacity as a national trust bank.

Scope & Breadth of Position

This position reports directly to the Foundation SVP, CFO & COO. This position has three direct reports including: two staff

accountants and a senior accounting clerk.

Budget Responsibility

Operating Budget

Accountabilities

1. Oversee the daily activities of the reporting staff to ensure that adequate working internal controls are in place for prompt entry of financial transactions and reconciliation with the general ledger system.

2. Maintain the corporate financial records, including the general ledger and subsidiary ledgers, for the Presbyterian Foundation, New Covenant Trust Company, Institute of Church Renewal, Jarvie Commonweal Service, and the Lilly grants.

3. Monitor and direct the documentation of departmental budgets against actual expenditures to generate informational reports to assist senior management in assessing the corporate financial status.

4. Manage the biweekly payroll system to insure the timely and accurate deposit of employee earnings/other deductions, the deposit taxes and filing of appropriate tax returns and other required reports.

5. Ensure complete, accurate and timely filings for all corporate tax returns for the Presbyterian Foundation and New Covenant Trust Company.

6. Identify and maintain appropriate accounting and reporting systems that interface with other business system to capture accurate and legitimate financial data for use by Senior Management and the Board in determining the financial health and direction of the organization.

7. Manage the performance of the staff by counseling, coaching, recognizing, rewarding and correcting performance in a manner promotes a highly efficient, productive and motivated work group.

8. Interact internally with all operating areas impacting corporate assets and expenses to exchange mutually beneficial information to maintain the integrity of the company’s financial data and systems.

9. Interact externally with the Presbyterian Mission Agency (PMA) and other related agencies on specified accounting matters to insure the timely and accurate reconciliation of financial information between two entities and with Board Members and Committees for financial reporting purposes.

10. Responsible for coordinating all financial statement audits and information with external auditors.

11. Responsible for the preparation of Foundation board and committee financial reports. From time to time, this position will present financial results to the boards and committees.

12. Responsible for the preparation of NCTC board and committee financial reports.

13. Keep the SVP, CFO & COO informed of all pertinent financial information through periodic written and verbal reports to aid decision making at that level.

Major Duties and Responsibilities

· Develops and implements accounting policies, coordination of systems and procedures, and the preparation of operating data and special reports as required including interim and year-end financial statements.

· Maintains the general ledger and all related accounts with proper documentation and records of all company transactions; reviews entries to the general and subsidiary ledgers to assure accuracy and compliance with the company's established accounting principles.

· Administers preparation of interim, year-end and comparative financial reports; performs and provides analysis of current results to prior periods and budget. Prepares required government reports and responds to inquiries as necessary.

· Responsible for reconciliation of the Foundation's monthly gift report to the general ledger and trust system.

· Responsible for overseeing loan fund processing which includes reconciling receipts monthly to general ledger and sending the funds to Foundation Funds Awaiting Investment to be applied to the correct loan funds. A file is received monthly from the Investment & Loan Program (ILP) which is imported into the Foundation general ledger. All loan balances are reconciled to outstanding loan reports received from ILP. Investment entries are prepared quarterly and reports of loan fund activity and funds available are prepared and distributed to ILP.

· Responsible for review of underlying transactions of the investment portfolios and translating transactions into journal entries. This review includes reconciliation of detailed fund balance progressions, extracted from the trust system, to the underlying assets.

· Acts as primary interface to the PMA and related national agencies on day-to-day accounting matters. This includes reconciliation of balances between the organizations and the balancing of the transaction extract provided by the Foundation. Also, provides all reports and information requested for PMA’s external financial statement audit.

· Responsible for primary interface with outside auditors in coordination of year end audit, including preparation of year end schedules and documents requested by the auditors and the SVP, CFO & COO.

· Responsible for maintaining our banking relationships.

· Responsible for preparation of a consolidated annual budget of income and expense as well as capital expenditures.

· Works with SVP, CFO & COO in preparing a budget that is consistent with internal goals set by the President and senior management and overall guidelines set by the Foundation Board of Trustees and NCTC Board of Directors.

· Stays current with developments, practice trends and promulgations in the accounting profession; monitors accounting systems and recommends new or revised policies and procedures.

· Responsible for review of payroll records and processing by outside payroll service.

· Responsible for supervision of three accounting clerk/staff accountants including preparation of employee reviews and performance appraisals.

· Ensures all bank accounts are reconciled monthly.

· Responsible for ensuring adequate internal controls exist and, in conjunction with the internal auditor, are working.

· Responsible for the common trust fund valuation. This includes monitoring the release of realized gains to meet the spending formula agreements.

· Assists in the refinement and maintenance of a cost accounting and allocation system.

· Provides financial reports for the Foundation Finance Committee, Foundation Audit and Compliance Committee, NCTC Audit Committee, Institute of Church Renewal, Inc. Board, and Jarvie Commonweal Service Committee.

· Attends Foundation Board, NCTC Board, and committee meetings.

· Maintains minutes for the Foundation Audit and Compliance Committee.

Relationships

This position acts as the primary interface on day-to-day accounting matters with the Church, auditors, and staff persons

from all operating areas. Must be able to work effectively with other professionals to resolve operational challenges.

Physical Requirements

· Ability to communicate orally with management, co-workers, constituents, and public both individually and in a group/team environment.

· Regular use of the telephone and e-mail for communication is essential.

· Sitting for extended periods is common.

· Hearing and vision within normal ranges are essential for typical conversations to receive ordinary information and to prepare or inspect documents.

· No heavy lifting is expected. Exertion of up to 10 lbs. of force occasionally may be required.

· Good manual dexterity for the use of common office equipment such as computer terminals, calculator, telephone, and copiers.

Work Environment

· The job is performed indoors in a traditional office setting.

· Activities include extended periods of sitting and extensive work at a computer monitor and/or calculator.

· Light travel may be required.

Forward resume to Yveshia Klingman: Yveshia.Klingman@presbyterianfoundation.org

Attn: HR Posting #24-07-07

The Presbyterian Church (U.S.A.) Foundation is an Equal Opportunity Employer. We provide equal opportunities in all employment positions, regardless of age (as defined in the Age Discrimination in Employment Act), disability, sex, national origin, race, color, creed, religion, sexual orientation, gender identity, gender expression, or veteran status.

This position requires an accounting degree and a CPA designation is required. This position requires 5 to 10 years’

experience supervising the work of other accounting professionals. Experience in financial reporting in a non-profit and for

profit environment is a plus.