Director of Finance

Bay Atlantic University•Washington, DC

2d•$75,000 - $80,000

About The Position

The Director of Finance is primarily responsible for the total financial affairs of the university, department, and programs. Additional responsibilities will include translating the actions of past, present, and proposed information into meaningful and relevant reports for use in management. Provide direct support to the CEO/President: Developing a budget or financial plan for an organization, organizational unit, program, or expenditure/cost center. Evaluating procurements to ensure compliance with funding, legal, and program requirements. Monitoring expenses against budgets to identify potential overruns and excesses. Recording and analyzing financial data and transactions for legality, appropriateness, and accuracy. Key resource to identify and implement process improvements as they arise: including regular evaluation of our accounting system, suggestions to improve efficiency with it and the expectation to implement those suggestions.

Requirements

Masters in accounting or Finance or related field.
5 years’ experience in Accounting or Accounting-related fields.
CPA or working towards it.
Working knowledge of Excel and QuickBooks.
Proven experience as a finance officer or relevant role
In depth knowledge of corporate financial law and risk management practices
Experience with preparation and facilitation of audit process
Excellent knowledge of data analysis and forecasting methods
Proficient in the use of MS Office and financial management software
Ability to strategize and solve problems
Strong leadership and organizational skills
Excellent communication and people skills.

Responsibilities

Provide overview of A/R & A/P’s daily batch postings for sales, revenue, and payment transactions into accounting system.
Prepare daily cash reporting to CEO/President for all cash receipts and accounts payable transactions.
Bank account reconciliations, including merchant transactions, and other account reconciliations.
Run monthly review meetings with the Director of HR, Accounting Team, and the CEO/President; review current projects to ensure invoices and vendor costs are being properly applied; propose revenue and cost adjustments needed for accurate monthly numbers.
Prepare or review month-end reconciliations to support the monthly closing process.
Preparation of monthly, quarterly, and annual financial statement reconciliations, roll-forwards and schedules for financial reporting and audit purposes.
Manage monthly P&L reporting.
Prepare division P&Ls and other internal division reporting to help inform decision making.
Follow up all vendor contracts and renewal dates.
Prepare and facilitate the annual audit process.
Preparation of regular presentations to senior management that provide a narrative to illustrate the performance of the business.
Manage the development of Budgeting, Financial Forecasting, Operating Plans and Modeling tools in collaboration with CEO/President.
Regular reviews of key revenue & expense categories, clearly identifying trends and key drivers of changes
Lead annual budgeting process along with quarterly re-forecasting process.
Manage the Facilities Operations Coordinator with identifying contractors/vendors, identifying needs for renovations, ask for quotes, and report to the CEO/President.