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Controller

2 months 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. The successful candidate will work Monday-Friday, 8:30 am - 5:00 pm, in a non-bargaining, exempt, grade 35 position. This role is eligible for telework 2 days a week, subject to change based on unit needs.

The Controller will support the Director of Finance in overseeing general ledger financial activity, accounts receivable, accounts payable, and enterprise funds. Key responsibilities include:

  • Managing and overseeing the Accounts Payable and Accounts Receivable teams.
  • Developing and recommending strategies for optimizing disbursement processes to ensure accuracy, efficiency, and compliance.
  • Overseeing the disbursement of funds, including employee payments, vendor payments, student refunds, and other routine financial transactions.
  • Monitoring disbursement trends and recommending improvements to enhance financial controls.
  • Supervising the maintenance of GASB regulation inventory records for leases and contracts.
  • Monitoring and overseeing general ledger activity and reporting for enterprise funds.
  • Reviewing and approving reconciliations.
  • Supporting fiscal monitoring and audits with general ledger reviews and financial statement preparation.
  • Serving as a liaison with directors of enterprise funds for accounting and processing issues.
  • Conducting contract cost analysis and providing recommendations.
  • Ensuring timely issuance of required tax forms in accordance with regulations.
  • Assisting in the annual budget process by coordinating cash forecasts, receivable aging reports, and identifying variances.
  • Conducting revenue analysis and reporting of enterprise funds.
  • Developing and implementing strategies to enhance the efficiency of receivables and optimize cash flow.
  • Supporting fiscal monitoring and audits with general ledger reviews and financial statement preparation.
  • Serving as the liaison for requirements and implications on the Workday general ledger of the Banner SAAS implementation.
  • Managing and optimizing transactional financial processes to ensure alignment with organizational policies and relevant regulations.
  • Participating in strategic financial projects, including upgrades or modifications of ERP/CRM systems.
  • Collaborating with internal and external partners to implement, upgrade, or customize financial systems.
  • Staying abreast of best practices and assisting in the formulation of strategic planning for financial operations.
  • Ensuring timely application of changes in Government Accounting Standards Board (GASB) and State and Federal student aid regulations.
  • Conducting variance analysis and developing performance reports.
  • Managing the periodic close process to ensure timely, complete, and accurate entries.

Required Qualifications:

  • 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.