Furman University

Director of Accounting and Financial Analyst

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Job Location

Travelers Rest, SC, United States

Job Description

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Job Title:
Director of Accounting and Financial Analyst

Job Family:
Management

Full-Time/Part-Time:
Full time

Compensation Grade:
10S

Pay Type:
Salary

Department:
Finance & Administration-1

Job Summary:
The Director of Accounting and Financial Analyst is an integral part of the University's Finance & Administration division performing complex accounting functions with extensive involvement in the University's annual financial and retirement plan audits. The Director of Accounting and Financial Analyst is involved in a variety of accounting, tax, and account reconciliation processes as well as supervising aspects of the accounting function.

Job Description:

Responsibilities:

Accounting:

1. Maintains integrity and accuracy of the chart of accounts.
  • Validates daily general ledger and Raiser's Edge integrations into Workday, including investigating and correcting errors.
  • Maintains and updates crosswalk mapping from legacy chart of accounts to Workday account structure
  • Supports the University's Financial Data Model (FDM) in Workday, including the long-range planning and budgeting software.
Reviews and approves operational transactions such as:
  • Journal entries
  • Ad hoc bank transactions
  • Bank statements (daily) and reconciliations (monthly)
  • Customer invoice >$1,000
  • Other as needed
Payroll:

2. Budgeting and Actual Payroll requests and transactions
  • Supervises Payroll
  • Reviews and approves all on-cycle payrolls and off-cycles payrolls
  • Serves as payroll back-up as needed
  • Works with Payroll Manager to troubleshoot complex payroll errors and implement solutions
  • Ensures all tax deposits are made, and the University is compliant with tax requirements as it relates to payroll function
  • Manages the University's compensation budgets for faculty and staff
  • Establishing compensation budget by position ID and position control
  • Substantiating funding sources and generating appropriate entries
  • Analyzing and adjusting budgets at the beginning of the fiscal year
  • Monitoring daily hires, terminations, transfers and retirements
  • Reviews, analyzes, projects, and reports on departmental and division payroll budget variances
  • Provides support to other functions in Finance and Administration through analysis of payroll data and assists with special projects
  • Research and monitors University tax compliance matters
  • Working closely with HR
  • Assist with 403B audit and annual census reconciliation


3. Prepares bond reimbursement request. Prepares and records accounting entries related to debt and unspent bond funds.

4. Advises departments on accounting and procedural issues.

Financial Reporting:

5. Supports the annual audit by updating internal control procedures, preparing lead schedules, analyzing net assets, and preparing footnote information.

6. Supports the Payroll Manager with the 403(b) audit and tax return preparation.

7. Answers various surveys, questionnaires and requests for financial information as assigned.

Supervision

8. Provides support and direction to two direct subordinates including planning for their professional development and completing performance review process with employees to help them understand job performance expectations and how they fit into the department and university goals.

9. Reviews staff work and ensures that technical accounting errors and issues are promptly identified and resolved.

10. Establishes and communicates work procedures and processes and recommends improvements as appropriate.

Professional Development

11. Pursues professional development to keep pace with demands for services and information; including maintaining up to date information about the department and university.

Performance Review

12. Completes performance review process with supervisor/employees to understand job performance expectations and how they fit into the department and university goals.

Other Duties

13. Performs other duties as assigned. The intent of this job classification description is to provide a representative summary of the types of duties and responsibilities that will be required of positions in this classification and shall not be construed as a declaration of the specific duties and responsibilities of any particular position. Employees may be requested to perform job-related tasks other than those specifically present in this description.

Relationships:

Daily contact with members of own work unit and immediate supervisor to plan, coordinate, problem solve, present information and make suggestions related to mutual goals.

Frequent contact with Human Resources, Development, Facilities, Academic Affairs, ITS and other departments to plan, coordinate, problem solve, present information and suggestions.

Regular contact with outside organizations to exchange factual information and explanations of rules, regulations, practices or functions.

Occasional contact with University's President, Vice Presidents, Deans, Directors, and Trustees to present information and discuss mutual goals.

Responsibility for Final Decisions:

Direct supervision of two employees including Payroll Manager and Budget Analyst.

Reviews work to ensure compliance with procedures and deadlines.

Tasks involve multiple procedures with interrelated processes or steps. Work involves choosing the appropriate option or procedure to follow and applying established rules and procedures.

Errors may cause inaccuracies in reports, records or data resulting in dissemination of inaccurate or incomplete information.

Reports To: Associate Vice President for Finance.

Work is performed independently except where the interpretation of law, policy, rule, complex procedure or request for exception is required.

Minimum Qualifications:

Bachelor's Degree with five or more years' experience in Accounting; higher education preferred.

Management experience in accounting environment.

Relevant experience in payroll management including but not limited to payroll processing, regulations and systems.

Systems experience in accounting environment as well as advanced knowledge in working with spreadsheets such as Microsoft Excel.

Excellent interpersonal and communication skills and ability to present financial and non-financial information clearly and logically both in writing and orally.

Ability to use independent judgment in planning and controlling non-routine activities.

Ability to maintain confidentiality of accounting records.

High level of accuracy and strong attention to detail.

Superior organizational and follow-through skills.

Preferred Qualifications:

Master's degree strongly preferred

Experience within a university environment or non-profit organization

Prior experience effectively managing staff.

Prior experience in the audit function.

Prior experience in budget management.

Work Conditions:

Work is performed under usual office conditions with long periods of working at a desk and in front of a computer screen.

Work involves deadlines, interruptions and handling multiple tasks.

Education Requirements:

Certification Requirements:

Job Posting End Date (if date is blank, posting is open ended):

Location: Travelers Rest, SC, US

Posted Date: 10/10/2024
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Contact Information

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Furman University

Posted

October 10, 2024
UID: 4884027409

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