Controller

3 days ago

Boston, Massachusetts, United States North Bennet Street School Full time
Controller Job Description

North Bennet Street School seeks a seasoned Controller to oversee financial operations, ensure compliance, and drive strategic growth. As a key member of the leadership team, you will partner with the Senior Director of People and Operations to develop and implement financial strategies that support the School's mission and goals.

Responsibilities
  • Manage all aspects of finance and accounting, including financial statements, general ledger, cost accounting, AP/AR, invoices, budgeting, tax compliance, inventory accounting, and revenue recognition.
  • Prepare quarterly and annual financial reports, manage fiscally responsible budgets and forecasts, and analyze financial data to present accurate and timely financial reports.
  • Partner with the Senior Director to staff the Finance and Audit Committees, prepare and organize financial statements for record and review, and coordinate all audit activity, including the annual 990 process.
  • Ensure compliance and reporting for grants, collaborating with the Director of Development and supporting program audits and grant writing activities.
  • Manage organizational cash flow, forecasting, and stay informed about changes in accounting standards for nonprofit organizations.
  • Manage all full-time student accounts, collections, including payment plans and disbursement of financial aid, with support from the Academic Administrator and Bookkeeper.
  • Reconcile Title IV disbursements to student accounts with COD data from the Financial Aid Office on a monthly basis.
  • Manage Federal G6 system as the primary user and ensure Federal Funds bank account is segregated for G6 cash drawdowns only, including return of Title IV funds.
  • Interface with counselors at the Department of Veterans Affairs to arrange receipt of veteran education benefits to appropriate student accounts.
  • Manage refunds of payments to third-party payers, including the VA and private lenders, and scholarship provided in accordance with NBSS and organization refund policies.
Requirements
  • 5+ years of progressively responsible finance and/or accounting experience in an educational setting or nonprofit with a similar finance structure.
  • Exceptional knowledge of finance, accounting, budgeting, cost accounting, and cost control principles, internal controls, and GAAP.
  • Prior work with federal funding and reporting, or the willingness to learn and develop a skillset in Federal Student cycle and compliance and reporting requirements, specifically in the areas of Title IV cash management and disbursement.
  • Analytical ability to develop and implement improvements or recommendations, including experience implementing automated accounting systems.
  • Detail-oriented with excellent project management skills, including the ability to handle multiple tasks and deadlines.
  • Lives the principles of diversity, equity, and inclusion with the ability to express these through day-to-day work.
  • Ability to build sincere relationships with a variety of internal partners with whom no direct line supervision exists, as well as external individuals from board members to volunteers.
  • Impeccable discretion in handling all matters of confidentiality.
  • Bachelor's degree in finance, accounting, or business administration, or equivalent business experience. CPA or CMA is helpful.
  • Experience with QuickBooks, Raiser's Edge, and Blackbaud is helpful.

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