This position will provide support to the VP Finance in overseeing the financial and operational effectiveness. The position will support the monthly close process, financial reporting and analyses, and development, implementation and monitoring of budgets and forecasts; and other duties as assigned. Incumbent must assure that the EDMC philosophy: quality services to clients; development, growth, involvement, and recognition of employees; sound economic principles; and environment which is conducive to innovation, positive thinking and expansion - is considered in carrying out the duties and responsibilities of this position.
Key Job Elements
- Compile and analyze financial information in a timely and accurate manner to prepare journal entries for general ledger accounts - transactions in accordance to generally accepted accounting principles. Review the general ledger for completeness and accuracy. Analyze and reconcile general ledger and subsidiary accounts.
- Prepare internal financial statements monthly and other reports as needed. Provide variance explanations for comparisons of actual, plan and forecast. Analyze financial information and other reports to summarize and interpret current and forecasted financial positions for the VP Finance and other Art Institute and EDMC corporate management.
- Provide financial reports, schedules, analyses, and supporting documents for internal auditors and external auditors, as requested.
- Assist the campus president in the development and implementation of fiscally sound annual financial and capital budgets and strategic plans. Conduct review of budget to actual performance and cost/benefit analyses of business activities and identify budget improvement measures where appropriate. Support the capital expenditures planning, authorization, spending, monitoring, and reporting processes.
- Support the campus presidents in the development of accurate and timely forecasts monthly, quarterly, annually and long range.
- Supervise the staff and activities of the campus business office including student accounting, accounts payable and other activities, including review of student accounts billing for accuracy and completeness. Work closely with Financial Aid in the management of A/R. Participate in the review and development of departmental employees. Ensure the department adheres to all policies and procedures.
- Monitor accounts payable and purchasing activity including contracts and commitments, requisitions, purchase orders, invoices, check requests, and expense reports.
- Coordinate with bookstore personnel and South CS Finance to ensure integrity of the inventory system and adherence to procedures. Provide ongoing monitoring and monthly reconciliation to the general ledger.
- Identify and participate in development of system-wide policies and procedures and internal initiatives to drive improvement in the effectiveness and efficiency of financial processes, and identify and remediate control deficiencies.
- Other duties and responsibilities as assigned.
Vice President - Finance
- Bachelors degree in Accounting or Business Administration required with a Masters degree preferred.
- Five or more years experience in accounting and finance with experience in budgeting, forecasting and financial reporting.
- CPA or CPA candidate preferred.
- Solid understanding of Generally Accepted Accounting Principles (GAAP).
- Excellent written and verbal communication skills.
- Strong interpersonal skills with staff, faculty, and student populations.
- Superior organizational and problem resolution skills.
- Strong basic computer software (MS Office) skills as well as exposure to more concentrated financial software programs.
- Preferred exposure to CampusVue; Hyperion; Lawson; WASP POS.
- Ability to plan, coordinate, monitor and motivate the activities of others.
- Ability to interact effectively as a member of a team and work collaboratively with other departments.
- Ability to listen to customers (e.g. staff, faculty, students, etc.) and to understand and respond positively to their requests.
- Ability to work without close supervision and to set own priorities and work schedule.
Work Environment & Notice
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. The term "qualified individual with a disability" means an individual with a disability who, with or without reasonable accommodation, can perform the essential functions of the position. While performing the duties of this job, the employee is regularly required to communicate professionally in person, over the telephone, through email and other electronic means, move about the office or school, handle various types of media and equipment, and visually or otherwise identify, observe and assess. The employee is occasionally required to lift up to 10 pounds unless otherwise specified in the job description.
The intent of this job description is to provide a representative and level of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the total of the specific duties and responsibilities of any particular position. Employees may be directed to perform job-related tasks other than those specifically presented in this description. Education Management Corporation is an Equal Opportunity Employer and embraces diversity as a critical step in ensuring employee, student and graduate success. We are committed to building and developing a diverse environment where a variety of ideas, cultures and perspectives can thrive.
The Art Institute of York- Pennsylvania - 23 months ago