EXECUTIVE DIRECTOR OF FINANCIAL SERVICES
FLSA STATUS: Exempt
RESPONSIBLE TO: VP, Finance & Administration
Reporting to the Vice President of Finance and Administration, the Executive Director of Financial Services is the chief accounting officer for the College, and is responsible for the leadership, management, and oversight of all financial accounting, reporting, and internal control functions of the College.
The College of Western Idaho is the state's newest community college serving over 18,000 students. CWI's unprecedented growth wouldn't be possible without a team of dedicated administration, faculty and staff. Our employees have the chance to make a difference in student's lives every day. We are excited for you to join us and share our passion for higher education
ESSENTIAL FUNCTIONS OF THE JOB
- Manage the following areas: General Ledger, Accounts Payable, Accounts Receivable, Purchasing, Fixed Assets, Student Accounts, Payroll, Foundation, Grants, Auxiliary, Treasury, Debt Service, and Capital Projects accounting. Effectively supervise staff, and provide strong, effective leadership and management skills to a team of twenty.
- Oversee the College’s integrated financial accounting system, ensuring the proper accounting of receipt and expenditure of all funds. Ensure the proper classification by fund and function of all financial activity.
- Oversee financial reporting of the College, providing operating results to internal and external constituents in accordance with generally accepted accounting principles (GAAP). Develop and maintain financial reports for senior administration, internal, and external constituents.
- Establish financial procedures and transactional standards, ensuring compliance with Board of Trustee policies, state and federal laws and regulations, and generally accepted accounting principles.
- Direct the annual financial audit by the external independent CPA firm. Oversee the preparation of the financial statements, footnotes, Management Discussion and Analysis, supporting schedules and work papers, and provide auditors with all requested documentation. Ensure that the outcome of the annual audit results in an unqualified opinion on the financial statements.
- Oversee financial reporting of the Foundation, ensuring compliance with not-for-profit requirements.
- Develop and implement sound internal accounting control systems over financial operations to safeguard College assets and resources. Oversee the internal controls for financial reporting and compliance of A-133 requirements related to sponsored projects and grants. Oversee the establishment of the Federal Indirect Cost Rate for the College.
- Oversee the timely preparation and accurate reporting of all required federal and state tax returns and forms (W2, 941, 1099, 1098T, 990, 990T, state sales tax, etc.). Ensure compliance with all federal, state, and local tax laws and regulations.
- Manage the timely refunding of all student loans, scholarships, state and federal financial aid in accordance with all applicable laws and regulations.
- Plan, manage and coordinate external borrowing, debt management, and tax-exempt bond offerings, including coordination of investment bankers, bond attorneys, and rating agencies. Ensure adequate post-issuance internal controls over use of tax-exempt bond proceeds, and the ultimate use of tax-exempt bond financed property.
- Perform necessary investment transactions and cash transfers to ensure the College’s assets are managed for maximum return within the guidelines as approved by the Board of Trustees.
- Participate with senior officers in institutional strategic planning, policy development and problem resolution. Support the College in meeting its financial and strategic objectives consistent with the College’s mission and strategic plan. Recommend and implement innovative technology for improved efficiencies.
- Recommend benchmarks against which to measure the performance of the College, including key performance indicators and dashboards.
- Master’s degree in accounting or other business related area and five (5) years’ experience in higher education, governmental, or fund accounting, including two (2) years supervision; OR
- Bachelor's degree in accounting, finance, or related field and seven (7) years of progressively responsible experience in higher education, governmental, or fund accounting, including two (2) years supervision.
- Knowledge of accounting standards related to not for profits and colleges, and federal, state, and local laws and regulations are strongly preferred.
- Effective leader and people manager with demonstrated ability to mentor subordinates.
- Exceptional interpersonal, written and verbal communication skills; and strong presentation skills.
- Demonstrated ability to build strong collegial relationships across all levels of the organization and lead effective work groups.
- Possess excellent problem solving, analytical and business skills; and strong project management skills to meet deadlines and work effectively with others.
- Demonstrated ability to present complex financial issues to Board of Trustees, Finance Committee, Senior Administration, Deans and Directors.
- Proficient in complex accounting systems and possess strong understanding of the use and potential of technology in the area of financial management.
- Experience in accounting department at a community college
- CPA or MBA in Accounting
- Experience with compliance relating to GASB, FASB, FERPA, Federal Student Aid, collections, A-133 regulations, HIPPA, Red Flags.