Controller

2 weeks ago

Germantown, Maryland, United States InsideHigherEd Full time
Job Description

Montgomery College, a leading institution in Maryland, seeks a highly skilled Controller to join its Business Services department. This is a full-time position with a Monday-Friday schedule, 8:30 am - 5:00 pm. The Controller will work under the supervision of the Director of Finance, overseeing general ledger financial activity, accounts receivable, accounts payable, and enterprise funds.

The ideal candidate will have a strong background in accounting, particularly in non-profit, governmental, and Governmental Accounting Standards Board (GASB) requirements. They will be responsible for managing and overseeing the Accounts Payable and Accounts Receivable teams, developing strategies for optimizing the disbursement process, and overseeing the disbursement of funds.

Key Responsibilities:

  • Manage and oversee the Accounts Payable and Accounts Receivable teams.
  • Develop and recommend strategies for optimizing the disbursement process to ensure accuracy, efficiency, and compliance.
  • Oversee the disbursement of funds, including employee payments, vendor payments, student refunds, and other routine financial transactions.
  • Monitor disbursement trends and recommend improvements to enhance financial controls.
  • Supervise the maintenance of GASB regulation inventory records for leases and contracts.
  • Monitor and oversee the general ledger activity and reporting for enterprise funds.
  • Review and approve reconciliations.
  • Support fiscal monitoring and audits with general ledger reviews and financial statement preparation.
  • Serve as a liaison with the directors of each of the enterprise funds for accounting and processing issues.
  • Conduct contract cost analysis and provide recommendations.
  • Ensure all required tax forms are issued timely and in accordance with regulations.
  • Assist in annual budget process by coordinating cash forecasts, receivable aging reports, and identifying variances.
  • Conduct revenue analysis and reporting of enterprise funds.
  • Develop and implement strategies to enhance the efficiency of receivables and optimize cash flow.
  • Support fiscal monitoring and audits with general ledger reviews and financial statement preparation.
  • Serve as the liaison for requirements and implications on the Workday general ledger of the Banner SAAS implementation.
  • Manage and optimize transactional financial processes to support ensuring they align with organizational policies and all relevant regulations.
  • Participate in strategic financial projects, including upgrades or modifications of ERP/CRM systems.
  • Collaborate with internal and external partners to implement, upgrade, or customize financial systems.
  • Stay abreast of best practices and assist in the formulation of strategic planning of financial operations.
  • Ensure the timely application of changes in Government Accounting Standards Board (GASB), and State and Federal student aid regulations.
  • Conduct variance analysis and develop performance reports.
  • Manage the periodic close process to ensure entries are timely, complete, and accurate.

Requirements:

  • Bachelor's degree in accounting.
  • Five years of progressively responsible professional experience in accounting, particularly non-profit, governmental, and Governmental Accounting Standards Board (GASB) requirements.
  • Experience supervising professional accounting staff.
  • The equivalent combination of education, training, certification, and/or experience that provides the required knowledge and expertise to perform the essential functions of the job may be considered.
  • Eligible applicants must currently be authorized to work in the United States and not require employer visa sponsorship.

Preferred Qualifications:

  • Seven years of progressively responsible professional experience in accounting, particularly non-profit, governmental, and Governmental Accounting Standards Board (GASB) requirements in higher education.
  • Certified Public Accountant (CPA).

Hiring Range: $95,791 to $131,713. Initial salary placement is based on internal equity and relevant candidate experience. Please include a complete resume/application including all relevant or related experience.

Application Process:

  • Click Here to apply online.
  • Include dates of employment in your application or attachment.
  • A cover letter is preferred and recommended.

As a condition of employment, the following are required at the time of hire:

  • Successful completion of a background check and degree verification (if applicable).
  • For international degrees, you must provide US degree equivalency verified by a nationally recognized credential evaluation service.
  • Participation in a retirement plan. If you are retired from the Maryland State System, you may not enroll in either the pension, or optional retirement plan, per state law.

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