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Controller/Director of Finance

Company: Luther Seminary
Location: Saint Paul
Posted on: September 22, 2022

Job Description:

The Controller oversees accounting and financial operations of the Seminary, under the supervision of the Vice President for Finance and Administration. The Controller is responsible for the development, oversight, and management of the Seminary's accounting functions and activities, including general ledger, cash management, accounting, monthly reconciliations (cash, gifts, investments, and other transactions), budgets and internal audit and analysis. The Controller develops and implements accounting policies, procedures, controls and systems, and oversees their direction and management. All compliance issues related to generally accepted accounting principles, tax requirements, accreditation reporting, Federal and State regulatory requirements and grant provisions are the responsibility of the Controller. This individual will also oversee and/or prepare monthly financial reports and annual financial statements, and manage external audits. The Controller reports to the Vice President for Finance and Administration of Luther Seminary and serves in a key role within that division. This individual directly supervises the work of (2) full-time staff.

  • Provide strategic financial and accounting leadership for the Seminary. I. Provide senior level financial management advice to assist with strategic decision making for the Seminary. II. Ensure effective working relationships with budget directors and develop strategies and communications that will enable them to manage their departments effectively. III. Provide resources to and support the work of the Vice President for Finance and Administration. IV. Participate in meetings of the Finance & Administration Committee to report on the financial health of the Seminary and other matters as requested from time to time. V. Serve as the Seminary Controller, authorized to execute transactions as authorized under the then-current corporate resolution of the Board of Directors. 2. Lead the delivery of accurate and timely business office, accounting and other finance services for the Seminary. I. Organize and implement the annual operating and capital budget process. Working closely with the Vice President for Finance and Administration prepare finalized budgets and rationale for submittal to the Boards. II. Manage monthly revenue and expense reports for each department including commentary and assessment against budgets III. Manage monthly reconciliations; cash, gifts, investments, others IV. Manage accounts receivable and payable in a timely and prudent manner V. Manage daily cash reports and sources and uses of cash projection reports VI. Manage the annual external audit; ensure that annual audit reports are clearly presented and, working with the Vice President, develop summaries and findings that are accurate, cogent and truly represent the financial position of the Seminary. VII. Provide accurate financial reports and statistics to accreditation agencies, government bodies, banks and related third parties. VIII. Plan, oversee and document the execution of internal audits IX. Ensure that all tax filings, financial aid reports, and related official documentation and reports are duly prepared and submitted X. Create, develop, implement and review standard and custom financial reports for the various departments', program managers, administration and key constituencies. XI. Ensure accurate and timely financial reporting for grants and grant related activities. 3. Direct business office operations to optimize the effectiveness and efficiency of services provided to all parties I. Manage business office staff for effective and efficient work in a collaborative, team-oriented environment, delivering good service to staff and faculty colleagues, students and other stakeholders. II. Assure, in conjunction with the chief information officer, that the Seminary's financial systems meet the business needs of the Seminary, while maintaining data integrity and security. Develop and implement ongoing system improvement plans that anticipate the Seminary's future financial data needs. III. Develop financial best practices and continuous improvement plans for financial management. Oversee and improve internal controls. IV. Maintain a current knowledge of developments within the accounting and finance fields; stay current on changes to accounting standards, government auditing standards and other regulations applicable to the Seminary. V. Participate in the Converge director-level staff team and other cross-functional processes as appropriate. All other duties as assigned Relationships A. Reports to: Vice President for Finance and Administration B. Direct reports to this position: Staff accountant, Business Accounts Specialist C. Internal relationships with: Major relationships Seminary Relations and gift processing, Office of Technology, HR/Payroll Office. Meaningful relationships with all offices within the Seminary External relationships with: Major relationships with external auditors, banks/lenders, outsourced chief investment officer operations staff. Meaningful relationships with students and other users of Business Office services. Limited relationships with government agencies, accrediting bodies, creditors, financial systems vendors.A. Commitment to Luther Seminary's Mission, Vision and Values. We are a Christ & Gospel Focused Graduate School preparing Christian leaders for the Church and the World. B. Desired education and experience a. Bachelor degree in accounting, finance or related field required. MBA or similar Master's degree preferred b. Professional accounting designation, such as CPA (active or inactive) required; public accounting experience preferred. c. Minimum 7 years' progressive accounting experience, including experience as a controller, associate controller or similar position. d. Ability to manage accounting functions in compliance with federal and state regulations and generally accepted accounting principles required. Higher education experience, including grants, financial aid, and endowment management strongly preferred. C. Desired knowledge, skills, and abilities a. Deep knowledge of GAAP, government accounting standards, and financial control frameworks, particularly as those apply to higher education institutions and non-profit entities. b. Knowledge of ERP systems required (Jenzabar desired), with system implementation experience preferred; strong expertise in software used to compile, quantify and illustrate complex financial reports, comparison, forecasts and projections. c. Demonstrated ability to supervise and lead a staff, including coaching/mentoring staff, organizing workflows, and fostering a cooperative work environment d. Demonstrated ability to build effective working relationships with colleagues across all levels and departments of an organization. e. Evidence of a high level of personal integrity. f. Demonstrated ability to balance the expectations of multiple constituencies and multiple institutions. Ability to implement new strategies, policies and procedures and develop new business and operational plans. Effective time management skills g. Demonstrated ability to implement new strategies, policies and procedures and develop new business and operational plans h. Proven problem-solving and analytical skills, including advanced expertise with Microsoft Excel or other analytic/modeling tools. Basic knowledge of the ELCA other mainline Christian denominations helpful.


Keywords: Luther Seminary, St. Paul , Controller/Director of Finance, Accounting, Auditing , Saint Paul, Minnesota

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