Financial Operations Manager
4 weeks ago
The Financial Operations Manager is responsible for overseeing the operations of the Business Office, Auxiliary Business Operations, and Financial Accounting and reporting for the college in all matters of cash control, general accounting, reporting, debt compliance, business operations, and acts as a resource to the College relative to accounting matters and procedures.
Key Responsibilities
- Oversee all accounting functions of the College including monthly and annual closing of accounting records.
- Oversee all cash management functions of the College including oversight of cashiers at various locations.
- Assist in maintaining and reconciliation of inventory and fixed assets of the college; ensuring assets are properly safeguarded and accounted for in the College's accounting records.
- Oversee the preparation of accounting records and schedules for annual financial statement audit.
- Be responsible for drafting the annual financial statements for the College, including MD&A, footnotes, and all supplement information.
- Prepare financial reports for Finance Committee, Board of Trustees, Administration, and state and federal agencies, as needed.
- Draw down and secure appropriate funds from the United States Department of Education for federal and state programs; deposit funds in a timely manner.
- Ensure monthly closing of the accounting records and reconciliations are performed in a timely manner.
- Oversee the reconciliation of all bank accounts monthly; checks written, outstanding checks, and outstanding deposits, including other investments and securities.
- Oversee administration of payment of bills for all funds and auxiliary enterprises.
- Oversee other staff in the collection of tuition and fees, and other student financial services activities.
- Oversee the Payroll Specialist in the administration of employee's monthly payroll.
- Coordinate the reconciliation of other records of Financial Aid, clubs, organizations, and auxiliary services.
- Maintain files on all aspects of the financial operations of the College.
- Assist in development of business office desk procedures.
- Assist in the coordination and maintenance of accounting and financial ERP/SIS system.
- Establish and maintain a system of internal control College-wide based on 'Best Practices.'
- Work with the CFO, Policy Committee, and the College in the development and implementation of sound Accounting and Financial Policies.
- Perform other related duties as assigned.
- Possess strong computer skills, including high proficiency with Microsoft Office, especially Excel.
- Proficiency with automated accounting systems.
- Understand effective internal control environments.
- Proficient with Generally Accepted Accounting Principles; experience writing financial statements.
- Strong written and verbal communication skills.
- Proficient in attention to detail and organization skills.
- Be proactive, flexible, and possess high integrity.
- Strong business acumen.
- Team player.
- Bachelor's degree in business administration, Accounting, or Finance.
- Minimum of five (5) years of experience in accounting, business operations, and financial reporting.
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