Reporting directly to the COO, the Director of Finance and Accounting is responsible for recommending and administering all accounting policies and procedures, and ensuring that strong internal controls and effective transaction processing protect the assets of the school and result in meaningful, timely and accurate financial reports.
The Director of Finance and Accounting is responsible for financial reporting, including monthly financial statements, analyses of historical and forecasted revenue and expenses, and other key reports requested by the COO, school leadership and Board of Directors. The Director of Finance and Accounting oversees month-end close, accounting, student billing, payroll, financial aid oversite, purchasing, accounts payable, advancement accounting, audit, and tax. The Director of Finance and Accounting will also assist the COO with budgeting, cash management, and risk management.
Oversee month-end close, resulting in timely and meaningful financial reports that accurately represent the financial performance of the school. This includes financial statements, variance analyses and other dashboard reports and metrics and ensuring that all balance sheet accounts are reconciled on a regular basis and stated accurately and in accordance with accounting guidelines and policies.
Oversees the functions and duties of the school’s accounting staff for the general ledger, payroll, accounts payable, tuition receivable, and purchasing order systems.
Responsible for coaching, developing, and evaluating the performance of the accounting staff.
With the COO, review monthly budget reports and forecasts, working with administrators and budget owners on financial performance, including identifying and communicating any material performance concerns or program changes.
Oversee or perform all accounting while maintaining strong internal controls and leveraging technology.
Ensure accurate and appropriate coding and approval of all revenue, expenditure and journal transactions, including unrestricted, temporarily restricted and permanently restricted funds.
Record and reconcile all donations and gifts received by Advancement including accounting for capital campaigns, as needed.
Record and reconcile all cash and investment activity, and prepare all related analyses.
Be an advocate for the Business Office throughout the school, providing excellent customer service and guidance in areas of expertise. Recommend improvements to enhance coordination and information sharing between departments.
Remain current on GAAP accounting, relevant non-profit accounting issues, and independent school industry trends and activities.
Oversee audits and compliance including audit and Form 990.
Member of the Finance Committee working directly with the Chairperson and COO on school financial activities.
Establishes and monitors internal financial controls.
Prepares and analyzes cash flow and forecast projections
Manages the relationships with banks, vendors, auditors, and outside consultants/advisors.
Bachelor’s degree in Accounting or Business Administration required, CPA and Master’s degree preferred.
Minimum of ten to fifteen years of experience in an accounting leadership role with similar responsibilities.
Prior experience in a school environment or a not-for-profit organization preferred.
Willingness to “roll up the sleeves” to get the job done.
Excellent leadership, interpersonal, organizational, management, written and oral communication, and problem solving skills required.