Accounting Leadership Specialist
4 days ago
The University of Illinois Foundation is seeking a highly skilled Accounting Director to join its team. As a key member of the financial leadership, this role will be responsible for overseeing the accounting operations of the Foundation.
About the Role
The successful candidate will provide operational management of the accounting functions, ensuring accurate and timely financial reporting, budgeting, compliance with regulatory requirements, and effective management of financial resources and accounting staff. This includes guiding the accounting team, driving financial decision-making, and implementing systems for continuous improvement and efficiency.
Main Responsibilities
• Direct all day-to-day accounting functions, ensuring accurate and timely information, including internal and external financial reporting and analysis, budgeting, expense management, endowment pool management, and cash management.
• Direct and mentor the accounting team by providing guidance on day-to-day operations, managing performance and professional development of staff, and fostering a team-oriented culture.
• Assist with the coordination of external audits and ensure compliance with relevant regulations, tax reporting, and accounting standards specific to not-for-profit organizations. Ensure internal controls are in place to safeguard the Foundation's assets and ensure financial integrity.
• Work closely with financial leadership to provide financial insights and support the Foundation's mission and strategy. Interpret and communicate financial data and updates effectively across a wide range of stakeholders.
• Continually evaluate and enhance accounting systems and processes for efficiency and effectiveness. Stay current with industry trends and best practices in not-for-profit accounting.
Requirements
The ideal candidate will possess a Bachelor's degree in accounting or a related field and at least 10 years of experience working in a large and/or complex accounting or financial services department, with at least 3 years in a leadership or managerial role. A strong understanding of not-for-profit FASB accounting principles, regulations, and reporting requirements is essential. Additionally, the candidate should have proven ability to lead, inspire, and develop a team, excellent organizational, analytical, and problem-solving skills, and the ability to work collaboratively and communicate complex financial information clearly and effectively.
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