Assistant Vice President, General Accounting

Job Overview

The Assistant Vice President General Accounting is responsible for managing and ensuring that the University and Springsteen Centers accounting policies and practices are consistently followed in accordance with University and Center policies Generally Accepted Accounting Principles (GAAP) Department of Education Title IV and Internal Revenue Service (IRS) regulations. This position oversees the Payroll and General Accounting functions and is the primary subject matter expert for federal state and local payroll tax and financial related compliance matters and regulations. Responsibilities include executing and overseeing a variety of accounting payroll tax and account reconciliation processes and developing and implementing internal control procedures to encourage efficient and effective operations. To be successful candidates must be a strong team leader to successfully guide the work of others and contribute to the financial management of the University and Springsteen Center.

This is an in-person on-campus non-remote position.

Key Responsibilities:

• Assist the Associate Vice President and Controller in the execution of general accounting functions for the University and Springsteen Center including journal entries and reconciliations for balance sheet and income statement accounts.
• Supervise and mentor the Payroll and General Accounting team fostering an environment of accountability collaboration and service excellence.
• Ensure compliance with generally accepted accounting principles institutional policies internal controls and applicable regulatory requirements.
• Maintain strong working knowledge of IRS reporting requirements for payroll related matters.
• Collaborate within the Controllers Office to ensure accurate financial recording and timely month-end and year-end closings.
• Oversee the completion and accuracy of timely federal and institutional student loan programs including Perkins ensuring agreement between institutional records the general ledger and the U.S. Department of Education systems and resolving discrepancies in compliance with federal regulations and audit requirements.
• Perform accurate and timely federal Direct Loan program reconciliations ensuring agreement between institutional records the general ledger and the U.S. Department of Education systems and resolving discrepancies in compliance with federal regulations and audit requirements.
• Manage and perform all payroll accounting and related compliance activities including the reconciliation and reporting of payroll transactions in the general ledger performing monthly and year end reconciliations of all payroll related accounts (benefits taxes liabilities).
• Ensuring compliance with federal state and local payroll regulations including IRS requirements taxable fringe benefits and applicable higher education standards.
• Perform analysis and account for executive compensation legal settlements and severance.
• Prepare and review all compensation related information for IRS form 990.
• Coordinate with Human Resources and Academic Affairs to ensure accurate processing of salaries wages stipends and supplemental pay.
• Respond to payroll accounting inquiries from departments administrators and external agencies.
• Perform reconciliations of Federal Title IV programs by comparing University records to U.S. Department of Education systems calculate and process Title IV fund drawdowns through G5 resolve discrepancies and maintain supporting documentation to ensure compliance with federal regulations and audit requirements.
• Review and finalize the preparation of the financial sections of the Fiscal Operations Report and Application to Participate (FISAP) Department of Education submission.
• Perform regular account reconciliations of student club and agency accounts verify compliance with University policies and funding guidelines and work with Student Life to account for journal entries and resolve accounting discrepancies.
• Execute and assist with University and Springsteen Center audits (internal and external) by preparing schedules and draft statements for the auditors and providing required supporting documentation as needed.
• Promote cross-training of subordinates to ensure continuity of operations.
• Identify opportunities to streamline workflows and strengthen internal controls.

Minimum Qualifications Required:

• Masters degree in Accounting Finance Business Administration or a related field.
• Certified Public Accountant professional certification required.
• Progressive relevant experience of at least 5 years including responsibilities in accounting compliance and fiscal operations.
• Demonstrated leadership of at least 3 years experience managing teams and business processes in a high volume compliance driven accounting environment.
• Experience in higher education or a nonprofit environment.
• Advanced knowledge of generally accepted accounting principles (GAAP) internal controls and applicable federal/state compliance regulations.
• Experience with ERP financial systems and Payroll Software.
• Strong leadership analytical problem-solving attention to detail organization and interpersonal skills.
• Strong written and verbal communication skills to interact effectively with administrators faculty staff auditors and other stakeholders.
• Ability to work independently and collaboratively.
• Intermediate proficiency in MS Word and Excel.

Preferred Qualifications:

• Advanced proficiency in MS Word and Excel.
• Experience with Ellucian Colleague ERP financial system and UKG payroll software.
• Management and oversight of payroll compliance and/or accounting functions.
• Familiarity with higher education payroll practices such as faculty or bargaining unit contracts academic year appointments and grant-funded positions.
• Familiarity with accounting for higher education Title IV programs.
• Familiarity with fund accounting.

Questions regarding this search should be directed to:
Barbara Santos at or

Note to Applicants:

Please keep in mind that a job posted as Open until filled may close at any time without notice. As such we encourage you to submit your application and all required documentation as quickly as possible to ensure consideration for the posted position.

Working at Monmouth University perks:

• 403(b) Retirement Plan (8% employer contribution)
• Generous Paid Time Off
• Medical Dental & Vision Insurance Benefits
• Tuition Remission for employee upon hire
• Tuition Remission for spouse or civil-union partner and IRS dependent
  after one-year of full-time continuous employment
• Generous Paid Time Off
• Employer paid Short & Long-Term Disability
• Employer sponsored Life Insurance
• Employee Assistance Program (EAP) FSA Telehealth and more
  
  

To view a full list of benefits visit our benefits page at:Employee Benefits Information Human Resources Monmouth University

Department:

Division of Accounting

Work Schedule:

Monday through Friday

Total Weeks Per Year

52

Hours Per Week:

36.25

Expected Salary:

$135000 - $150000

Union:

N/A

Job Posting Close Date:

Open until filled

Required Experience:

Exec