Industry: Government & Non-Profit•
8 - 10 years
Posted 63 days ago
The Financial Reporting Manager is responsible for managing and overseeing the preparation of financial statements, federal and state tax forms, responses to audit requests and other financialreporting. The position ensures that the Foundation’s financial transactions are recorded and reported in accordance with U.S. GAAP and Foundation policies and procedures.
The financialreporting manager’s responsibilities include the following:
Develop and present key insights and analysis to support management planning and decision-making processes.
Analyze complex transactions to ensure accounting treatment and disclosures are in accordance with U.S. GAAP.
Provide expertise and key insights into the application of Not-For-Profit accounting principles and best practices.
Provide leadership in the implementation of new accounting standards and policies.
Develop and document significant financial estimates.
Develop, implement and maintain sound financialprocesses and controls to support operational excellence in accounting and financialreporting.
Maintain audit-readiness and comprehensive, timely assistance to both internal and external auditors.
Promote innovation in the application of analytics to deliver timely and relevant financialreporting.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Oversee preparation of forms 990, 990-T, 926, W2-G, and other state and federal forms for timely filing with the IRS.
Manage the development and monitoring of key financial, purchasing and budget policies.
Ensure accurate recordation of significant transaction activity in the accounting system.
Manage preparation of the audited financial statements including all required footnote disclosures in accordance with U.S. GAAP.
Oversee annual financialreporting activities including revenue cut-off testing, unrecorded liabilities search, joint cost allocation and time studies.
Manage and coordinate audit preparation and response to inquiries.
Research proper accounting treatment of unusual and significant transactions.
Draft and update accounting policy memos, SOPs, workflow documentation and process narratives, as necessary.
Manage the adoption of new and emerging accounting standards including analyzing and documenting the standard and its impact on the Foundation and implementing changes needed to applicable business processes, accounting policies and reporting.
Oversee preparation of state and local level filings related to personal property, charitable solicitation, unclaimed property, and sales tax exemptions.
Review detailed monthly, quarterly and year-end financial activities, including account reconciliations, for adherence to established budgets and proper recordation.
Provide support for internal financialreporting including monthly reporting of financial results to management, annual budget preparation, KPIs and other ad hoc reporting requests.
Manage the maintenance of the accounting and reporting systems, including chart of account review, user access reviews, and testing and implementation of upgrades, integrations, new modules and other changes to the systems.
Supervise the work of the Senior Accountant, Financial Reporting.
Manage ad hoc projects as directed by the Director of Financial Reporting.
KNOWLEDGE, SKILLS AND ABILITIES:
Knowledge of accounting principles and GAAP acquired through completion of bachelor’s degree in accounting, with achievement of CPArequired.
A minimum of 7-10 years of progressively responsible related work experience.Experience in public accounting preferred.Combination of requisite knowledge and experience needed in order to achieve excellence in financialreporting that is accurate, valuable and reliable.Experience supervising others a plus.
Interpersonal skills necessary to communicate with employees, consultants, department heads and senior management that also demonstrates a collaborative attitude towards the work.
System and analytical skills necessary to identify and resolve difficult system and ledger issues.Ability to problem solve that considers and identifies opportunities for process improvements and innovation.
Ability to concentrate and function in an organized and timely manner.
Ability to conceptualize in the accounting arena and apply good judgment while keeping in mind that people with CF are at the heart of all we do.Ability to manage others in a respectful and effective manner that demonstrates caring for our people.
Financial accounting system experience and Microsoft Office skills needed.
Director of Financial Reporting.
Normal office environment with little exposure to excessive noise, dust, and temperature.