Professional Area: Employment Category: Fulltime Staff Job Function:Wage Band: 121A
Detailed Job Description Summary: Perform high-level, complex financial analysis and reporting and supervise four (4) exempt staff responsible for debt reporting/compliance; deferred giving; gift/campaign reporting; tax reporting/compliance; and, coordination of the annual NTID agreed-upon-procedures engagement and related external reporting. Provide excellent service to faculty, staff and students and external stakeholders in matters relating to financial and tax reporting and analysis.
Oversee gift accounting and reporting processes to ensure that contributions, discount and allowances are properly recorded in accordance with applicable accounting and gift reporting standards and that reports prepared for internal and external constituents are timely and accurate. Monitor gift and endowment spending accounts to ensure adherence with donor imposed restrictions. Oversee preparation of Form 990 information related to contributions (Schedules A, B, G, and M). Oversee reconciliation of amounts reported on fundraising campaign dashboard to underlying transactions and general ledger for gifts, government and research line items. Develop and compile standard campaign reports for presentation to Board of Trustees over the life of the campaign.
Oversee accounting and reporting for the University's long-term debt portfolio including review and approval of reimbursement requests; assistance in preparing for new bond offerings and refinancing; and, annual compliance reporting requirements related to the University's tax exempt bonds. Oversee the preparation of Form 990 information related to long-term debt (Schedule K).
Provide oversight and direction for the preparation of required tax filings, including Federal and State Income Tax and Charitable Organization (Form 990s and 990-T), as well as monthly sales tax reporting. Work with areas on campus responsible for providing information for preparation of required Schedules. Research tax code and regulation changes and ensure that RIT's filings comply with all Federal and State requirements.
Oversee accounting and reporting for the University's charitable deferred gifts portfolio including unitrusts, annuity trusts and gift annuities ensuring that amounts are properly recorded in accordance with applicable accounting standards and that reports prepared for internal and external constituents are timely and accurate. Reporting includes annual donor tax statements and annual charitable gift annuity pool financial reporting to the New York State insurance department.
Monitor the annual appropriation for the National Technical Institute for the Deaf (NTID) and prepare year-end projections for the RIT financial statements. Ensure accuracy of the NTID fiscal year-end close-out process for both the annual Federally funded and non-funded projects. Oversee the preparation NTID's Statement of Activities for September 30th including flux analysis and supplemental schedules for the Department of Education reporting for the Deaf Act. Coordinate the agreed-upon-procedures engagement and all deliverables for external auditors.
Complete annual MSA testing for areas of responsibility, including implementation of enhancements to control environment identified during testing.
Complete special projects as requested by management.
Participate in a minimum of 40 hours of training/professional development annually (or a pro rata amount based on standard working hours). Training must be applicable to the employee's role current within the Controller's Division with the intent of enhancing overall knowledge as well as the specific skills, whether functional or technical, required to perform successfully in the position.
The Director Financial & Tax Reporting is a member of the Controller's Division, reporting to the Assistant Controller Treasury & Financial Reporting Services. He/she actively participates on the Accounting / Financial Reporting team that has overall responsibility financial reporting for the University. The Director Financial & Tax Reporting supervises four (4) exempt staff including: 1) Sr. Analyst Debt & Deferred Giving; 2) Sr. Analyst Gift Reporting; and, 3) two Financial Analyst & Reporting Specialists/Tax
Required Minimum Qualifications
BS degree in accounting or related field required; CPA and/or MBA or MS in a related discipline strongly preferred. Eight to ten years experience in entity-wide general accounting and financial reporting with preference given to applicants with experience in accounting, financial and tax reporting in higher education or other related not-for-profit setting preferred. Prior direct experience preparing for and executing public debt offerings preferred. Experience working with an enterprise-wide financial system with advanced PC skills and extensive experience with MS Office required. Strong financial planning and analysis skills are critical to the success of this position.
Must possess strong interpersonal, written and oral communication skills, high integrity, demonstrated aptitude and desire to work as a member of a team and a proven record of being proactive in the performance of all job related functions. Proven ability to work independently with minimal supervision and exercise professional judgment in carrying-out assigned responsibilities is required.
Required Application Documents Cover Letter, Curriculum Vitae or Resume
How to Apply
Additional Details The hiring process for this position may require a criminal background check and/or motor vehicle records check. Any verbal or written offer made is contingent on satisfactory results, as determined by Human Resources.RIT does not discriminate. RIT promotes and values diversity, pluralism and inclusion in the work place. RIT provides equal opportunity to all qualified individuals and does not discriminate on the basis of race, color, creed, age, marital status, sex, gender, religion, sexual orientation, gender identity, gender expression, national origin, veteran status or disability in its hiring, admissions, educational programs and activities.RIT provides reasonable accommodations to applicants with disabilities under the Rehabilitation Act, the Americans with Disabilities Act, the New York Human Rights Law, or similar applicable law. If you need reasonable accommodation for any part of the application and hiring process, and you wish to discuss potential accommodations related to your application for employment at RIT, please contact the Human Resources office at 585-475-2424 or email your request to Careers@rit.edu.
Rochester Institute of Technology, the 10th largest private university in the U.S., is among the worlds leading technological universities. Its 18,000 undergraduate and graduate students from all 50 states and more than 100 countries are enrolled in over 200 academic programs, including 7 interdisciplinary Ph.D. programs. A pioneer in experiential education, RIT was the first to offer undergraduate degree programs in biotechnology, information technology, software engineering, and microelectronic engineering. As home to the National Technical Institute for the Deaf, the university offers unparalleled academic opportunities and services for the deaf and hard-of-hearing. Founded in 1829, RIT has 115,000 alumni throughout the United States and around the world. RIT has been named by the Chronicle of Higher Education as one of the Great Colleges to Work For. RIT is a National Science Foundation ADVANCE Institutional Transformation site, and is responsive to the needs of dual-career couples through the Upstate NY Higher Education Recruitment Consortium. For more information, visit www.rit.edu/overview/rankings-and-recognition and www.rit.edu.
As a member of the RIT community employees receive a well-balanced benefits package that offers a variety of choices and access to additional employment advantages. These benefits, combined with an employees pay, provide a total compensation package that can be tailored to meet your needs. More on RITs Benefits, Health & Wellness program can be found at: https://www.rit.edu/fa/humanresources/content/benefits-health-and-wellness
RIT does not discriminate. RIT is an equal opportunity employer that promotes and values diversity, pluralism, and inclusion. For more information or inquiries, please visit RIT/TitleIX or the U.S. Department of Education at ED.Gov
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THE UNIVERSITY AND ROCHESTER COMMUNITY:
RIT is a national leader in professional and career-oriented education. Talented, ambitious, and creative students of all cultures and backgrounds from all 50 states and more than 100 countries have chosen to attend RIT. Founded in 1829, Rochester Institute of Technology is a privately endowed, coeducational university with nine colleges emphasizing career education and experiential learning. With approximately 15,000 undergraduates and 2,900 graduate students, RIT is one of the largest private universities in the nation. RIT offers a rich array of degree programs in engineering, science, business, and the arts, and is home to the National Technical Institute for the Deaf. RIT has been honored by The Chronicle of Higher Education as one of the “Great Colleges to Work For” for four years. RIT is responsive to the needs of dual-career couples by our membership in the Upstate NY HERC.
Rochester, situated between Lake Ontario and the Finger Lakes region, is the 79th largest city in the United States and the third largest metropolitan area in New York State. The Greater Rochester region, which is home to over one million people, is rich in cul...tural and ethnic diversity, with a population comprised of approximately 16% African and Latin Americans and another 7% of international origin. It is also home to the largest deaf community per capita in the U.S. Rochester ranks 3rd among the best metropolitan regions for “raising a family" by Forbes Magazine; 6th among 379 metropolitan areas as “Best Places to Live in America” by Places Rated Almanac; 1st in Expansion Management Magazine’s ranking of metropolitan areas having the best “quality of life in the nation”; and is among Essence Magazine’s “Top 10 Cities for Black Families.”