Oversee all transactional accounting for the Division and NIU Foundation
Oversee the cash management function, including banking service requirements. These might include establishing systems and business relationships to provide donors multiple options to transmit their gifts (credit cards, electronic funds transfers, on-line access); payments to vendors and building project escrow agents (electronic secured functionality).
Manage the financial system, ensuring maximum productivity and appropriate internal controls.
Oversee the continuous improvement of Accounting and Financial Processes and the development of the team with the goal to achieve best practices, solid controls and optimal output.
Develop, evaluate, recommend, implement after approval, and oversee accounting policies and procedures to meet both current and future business models.
Support the Annual Audit, directing the Financial Services Team in all aspects related to auditor fieldwork, schedule production, etc. With the Foundation Controller, review and analyze results and recommend for approval the Audited Financial Statements
Responsible for development and production of Financial Management Reporting for the Foundation and the Division of University Advancement.
Ensure financial management reporting processes are in place to support the ongoing and future needs of the Foundation and the Division.
Develop and prepare a Monthly Management Reporting package.
Present monthly and year-to-date financials with accompanying analysis of results.
Develop regular reporting and analysis, including key metrics reports, and conduct ad hoc financial analysis as required.
Reporting and analysis will be for management of the finance and accounting functions, senior management and the NIU Foundation Board of Directors and NIU Alumni Association Board of Directors.
Issue identification and problem resolution, including formulating advice to ensure effective and efficient conduct of financial matters.
Budgeting and Financial Modeling
Lead the annual Division budgeting process.
Lead the quarterly outlook process.
Provide ongoing financial modeling and analysis expertise to budget managers.
In partnership with the Foundation Controller, develop financial modeling and analysis to support the development of long-term strategic initiatives and business plans.
Lead the development of Division-wide budgeting competencies, inclusive of variance reporting, quarterly projections, and forecasting.
Develop Finance and Accounting team goals that are fully aligned with the University Advancement goals.
Lead and coach the team to recruit and retain high caliber staff.
Provide coaching, guidance, and support, set professional development plans to assist employees to reach their full potential through the Performance Management process.
Ensure the team delivers the highest standard of departmental, cross-departmental, and cross-Division teamwork and customer service to our NIU partners.
Ensure optimal deployment of resources to achieve business goals.
Perform functions of the Controller in his/her absence as requested, with appropriate segregation of duties. This may include:
Investment Portfolio management and transactional support
Financing of building projects, analysis of options, competitive bidding processes
Best practices in Board Governance
Advising on, or assisting Development Officers on structuring gift agreements, or gift instruments (deferred gifts, gifts funded with assets other than cash or marketable securities).
Required Skills/Qualifications: CREDENTIALS TO BE VERIFIED BY PLACEMENT OFFICER
1. Any one, or any combination, of the following types of preparation:
(a) credit for college training leading to a major in accounting, business administration/management, business-oriented data processing, auditing, or a closely related field
(b) progressively more responsible experience that provided a knowledge of generally accepted principles, theories, and practices used in one of the fields listed above and that was of such scope, level, and quality as to assure the applicant’s overall ability to undertake entry-level professional work in the field; such experience must be evaluated on the basis of its comparability to a normal curriculum in one of the academic programs listed above, taking into account the relationship of the experience to the content of the courses in the curriculum*.
* that totals 1.0 unit according to the following conversion rates**:
** Bachelor’s degree (or 120 semester hours) in “a” = 1.0 unit; 3 years of “b” = 1.0 unit.
2. Any one, or any combination of the following types of additional preparation:
(a) credit for graduate-level college training with a major emphasis in accounting, business administration/management, business-oriented data processing, auditing, or a closely related field
(b) professional experience in accounting, business administration/management, business-oriented data processing, auditing, or a closely related field that totals 1.0 unit according to the following conversion rates***:
*** Master’s degree (or 30 semester hours) in “a” = 1.0 unit; 9 months of “b” = 1.0 unit.
NOTE: Possession of a certificate as a Certified Public Accountant (CPA) or a Certified Internal Auditor (CIA) satisfies requirement 1 and one half (0.5 unit) of requirement 2 above.
3. five years of progressively responsible professional experience in accounting, finance, auditing, or a closely related field, three of which were in a supervisory or managerial capacity
Demonstrated experience in not-for-profit or foundation with progressive responsibility. GAAP (Generally Accepted Accounting Principles) knowledge. Demonstrated experience with an understanding of enterprise financial systems.
Preferred Skills/Qualifications: Bachelor’s degree with emphasis in accounting. 10 Years not-for-profit or foundation experience. CPA. Database accounting system and MS Office experience. Strong verbal and writing skills. Exemplary accuracy in daily work and other projects. Adherence to policies, procedures, and instructions relating to Financial Reporting. Ability to maintain good working relationships with vendors and other employees. Ability to function as a team leader and effective follower. Experience supervising staff. Ability to work with all levels of donors, administrators, staff, and volunteers. Unimpeachable character and commitment to the highest standard of integrity and confidentiality in all matters. Proven ability to work independently. Proven ability to prioritize and multi-task in a fast-paced environment. Demonstrated ability to streamline processes. Demonstrated commitment to diversity and creating an inclusive work environment that fosters creativity and innovation.