The Controller is responsible for directing the institution's accounting, audit, and third party financial operations with a goal of maximizing return on financial assets through the establishment of financial policies, procedures, controls, strategic management, and reporting systems. Specifically responsible for the management of all accounting functions including: financial reporting (external and internal), financial systems development and maintenance, compliance with tax laws and other relevant rules and regulations; management of the audit function including both the external audit and internal audit; and for the development and management of affiliated 3rd party financial operations.
Develops and maintains financial management policies and procedures for the accounting and reporting of all college funds including endowment investments, restricted gift funds, and operating reserves. This includes ensuring that all policies and practices are consistent with Generally Accepted Accounting Principles, federal costing principles, and other FASB pronouncements, and are consistent with the financial strategies of the College; and responsibility for the reasonable protection of confidential information related to the position, including establishing and maintaining policies and procedures consistent with best practices and federal and state laws.
Participates in the College's Audit, Investment, and Finance Committee Board meetings.
Closely monitors bank account balances to ensure funding levels are adequate to meet operating cash flow requirements; has signatory authority on College banking and investment accounts; reviews disbursements in excess of $10k weekly prior to releasing payments to vendors.
Manages the coordination of the year-end audit, including financial statement preparation in collaboration with external auditors; and management of all financial and tax compliance including Form 990 preparation.
Negotiates indirect cost rate agreement with federal agencies.
Manages post issuance debt compliance including financial and operational restrictions and reporting.
Develops, implements, monitors, and enforces internal controls relevant to the accurate reporting of financial transactions and the security of College assets. Manages the internal audit function in order to ensure the integrity of all management control systems and processes. In collaboration with other senior management, responsible for the assessment and evaluation of college-wide business risk.
Analyzes and interprets trends that require senior leadership attention; prepare financial and managerial reports and procedures and the presentation of findings and specific recommendations to top management.
Complies with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; and advising management on needed actions.
Recommend benchmarks for measuring the College's financial performance. Develop, implement, and review financial reports to ensure reporting requirements and needs are met, including application of managerial accounting principles and cost allocations.
Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; and participating in professional societies.
Provides direct leadership/supervision over the Financial Services, Financial Information Systems, Student Financial Services, and Accounts Payable functions. Establishes and maintains effective working relationships with College administrators, faculty and staff members.
Minimum Level of Education Required MBA and/or CPA
Position Knowledge/Skills & Abilities Requirements:
A minimum of 15 years of successful and increasingly responsible leadership roles within accounting or financial management, financial planning, analysis, and reporting
Must have strong leadership and influencing capabilities, and the ability to effectively translate plans into tangible, achievable goals
Must have excellent financial, analytical, and business skills
Must be comfortable in hands-on management of multiple functional areas
Must have strong presentation, organizational, and reporting skills
Financial literacy with experience in general ledgers, income statements, balance sheets, and accounting terms.
Understanding of financial systems and how to use and improve them to the optimal efficiency
Ability to architect reports to be able to meet ever-changing requests and requirements utilizing multiple data sources, such as Workday and Adaptive Insights
Experience providing timely and complete monthly financial/budget reporting
Strong quantitative and qualitative analytical skills, applied across problems of varying nature and scope; ability to identify potential areas for financial improvements and make necessary recommendations to leaders
Demonstrated effectiveness in working with a diverse student body, faculty, staff, and other constituents
Must have superior leadership and management skills with the ability to engage others through a democratic process, while serving as key decision maker
Ability to establish credibility and confidence with stakeholders
Must have exceptional collaboration and interpersonal skills and demonstrated ability to work cross-functionally and communicate effectively at all levels within an organization
Flexibility and willingness to assume new tasks and special projects
Must have strong computer skills including proficiency in Microsoft Office (Word, Excel, Access, PowerPoint)
Ability to create an environment where direct reports have the freedom and security to take initiative; deal with complexities with resilience, resourcefulness, and optimism; and appreciate open mindedness, creativity, and agility in thought and tactics.
Ability to embrace ideas and changes created by all community members.
Ability to work independently to solve problems; look for opportunities to take on responsibility; take thoughtful risks; and effectively act on new and ongoing initiatives, objectives, and solutions to gain sought-after results.
Ability to anticipate and effectively handles change; demonstrate willingness to try new skills and challenging tasks; and is flexible in changing conditions.
Must have working knowledge of GAAP and FASB accounting standards, as well as IRS requirements
Requires some evenings and/or weekend work
Additional Experience, Skills & Abilities:
Experience in analytics and report design of Workday Financials and Adaptive Insights software preferred
We are an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity,national origin, disability, veteran status,or any otherprotected characteristic. The EEO is the Law poster is available here. Babson College is committed to enhancing diversity and inclusion across all levels of the College. Candidates who believe they can contribute to this value are strongly encouraged to apply.
Internal Number: 114461443
About Babson College
At Babson, we believe that entrepreneurship is applicable?and crucial?in organizations of all types and sizes, in established businesses as well as new ventures. Today, teams, divisions, and whole enterprises are striving to be more entrepreneurial. Furthermore, entrepreneurial thought and action are happening at all levels of an organization, where collaboration complements top-down leadership.Babson College was the first to understand that thinking and acting entrepreneurially is more than just an inclination. Rather, it can be taught. And we do it better than anyone.