Director of Financial Operations at Canton State University in Canton, NY
Description of Duties Reporting directly to the VP for Advancement and Executive Director of the Canton College Foundation, the Director of Financial Operations will manage and oversee all fund accounting functions related to Canton College Foundation and all affiliate LLC's, including payroll, payables, pledges, journal entries and financial statement preparation and presentation utilizing Blackbaud Financial Edge software system. The Director will work directly with an outside Investment Advisor to manage endowed, restricted and unrestricted investment funds with a value in excess of $20M, in accordance with approved spending policy, and work directly with outside auditors in completion of the annual audit and preparation of audited financial statements. Additional responsibilities include:
Responsibilities Direct the transfer of funds from/to the external investment advisors to ensure proper fund balancing. Create annual endowment spending plan and recommend annual spending percentage to the Board. Calculate and track the market value of all endowed funds on a monthly basis. Create and manage annual operating budgets for Canton College Foundation and Grasse River LLC. Forecast future expenditures related to operations and endowment spending plans. Prepare and present financial statements to Board Audit and Finance & Investment Committees. Actively participate in Audit, Finance & Investment Committee, and semi-annual board meetings. Run monthly checklist for monthly, quarterly and year-end closing functions. Prepare financial statements for four wholly owned affiliate limited liability companies and one wholly owned C-Corporation. Manage annual debt service, reserve accounts and reporting requirements related to Kennedy Hall building debt. Manage revenue and expenses for a 305-bed dormitory. Complete all required quarterly payroll tax filings, annual consolidated 990 filing, trust returns, NYS 1099's, CHAR 500 and retirement plan 5500 filing. Ensure that gift proposals and agreements adhere to IRS guidelines and Foundation policies; advise staff and donors on IRS regulations and/or Foundation policies related to administration of gifts and endowments. Keep current with IRS regulations related to charitable giving. Maintain and track deposits and expenditures from all annual scholarship, campus support and athletic booster accounts. Participate in campus meetings related to the financial or fundraising activities of the Foundation as requested or required. Supervise staff member who processes payroll and Gift Steward/Scholarship Administrator; complete annual evaluations and performance programs for supervised staff. Prepare Foundation-related reports or filings as required by the SUNY system or other regulatory processes. Participate in SUNY-wide Foundation financial/accounting group, Blackbaud FE user groups, and CPE courses for nonprofit accounting. Qualifications Required
Qualifications:
A Bachelor's degree and 3 - 5 years successful experience in complex finance and/or accounting management positions. Knowledge of IRS and State of NY rules and regulations regarding charitable giving and extensive knowledge of Generally Accepted Accounting Principles (GAAP). Proficiency in Microsoft Excel and prior experience working with financial accounting systems. Preferred
Qualifications:
Prior experience working in a non-profit or public accounting position, and/or experience working in a higher education environment. Knowledge of and/or experience working with fund accounting is highly desirable. Prior experience working with Blackbaud Financial Edge accounting software is a plus.
Salary Range:
$100K -- $150K
Minimum Qualification
Accounting, Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
Responsibilities Direct the transfer of funds from/to the external investment advisors to ensure proper fund balancing. Create annual endowment spending plan and recommend annual spending percentage to the Board. Calculate and track the market value of all endowed funds on a monthly basis. Create and manage annual operating budgets for Canton College Foundation and Grasse River LLC. Forecast future expenditures related to operations and endowment spending plans. Prepare and present financial statements to Board Audit and Finance & Investment Committees. Actively participate in Audit, Finance & Investment Committee, and semi-annual board meetings. Run monthly checklist for monthly, quarterly and year-end closing functions. Prepare financial statements for four wholly owned affiliate limited liability companies and one wholly owned C-Corporation. Manage annual debt service, reserve accounts and reporting requirements related to Kennedy Hall building debt. Manage revenue and expenses for a 305-bed dormitory. Complete all required quarterly payroll tax filings, annual consolidated 990 filing, trust returns, NYS 1099's, CHAR 500 and retirement plan 5500 filing. Ensure that gift proposals and agreements adhere to IRS guidelines and Foundation policies; advise staff and donors on IRS regulations and/or Foundation policies related to administration of gifts and endowments. Keep current with IRS regulations related to charitable giving. Maintain and track deposits and expenditures from all annual scholarship, campus support and athletic booster accounts. Participate in campus meetings related to the financial or fundraising activities of the Foundation as requested or required. Supervise staff member who processes payroll and Gift Steward/Scholarship Administrator; complete annual evaluations and performance programs for supervised staff. Prepare Foundation-related reports or filings as required by the SUNY system or other regulatory processes. Participate in SUNY-wide Foundation financial/accounting group, Blackbaud FE user groups, and CPE courses for nonprofit accounting. Qualifications Required
Qualifications:
A Bachelor's degree and 3 - 5 years successful experience in complex finance and/or accounting management positions. Knowledge of IRS and State of NY rules and regulations regarding charitable giving and extensive knowledge of Generally Accepted Accounting Principles (GAAP). Proficiency in Microsoft Excel and prior experience working with financial accounting systems. Preferred
Qualifications:
Prior experience working in a non-profit or public accounting position, and/or experience working in a higher education environment. Knowledge of and/or experience working with fund accounting is highly desirable. Prior experience working with Blackbaud Financial Edge accounting software is a plus.
Salary Range:
$100K -- $150K
Minimum Qualification
Accounting, Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
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