Job Details

Financial Reporting Manager
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Position Number: 5829031
Location: Albany, NY
Position Type: Business and Financial Management

Financial Reporting Manager

Category: Administrative and Professional
Department: Finance
Locations: Albany, NY
Posted: Nov 22, 2024
Closes: Open Until Filled
Type: Exempt
Position ID: 183341

About The Research Foundation for SUNY:

The Research Foundation for The State University of New York (RF) is the largest comprehensive university-connected research foundation in the country.

Our mission is to provide talent, services, and technology that empower SUNY to research, innovate, and transfer discoveries that transform the world's knowledge economy.

Our vision is to make SUNY the best place for faculty, students, and staff to research, innovate and solve the world's most pressing problems.

The RF serves SUNY by providing essential administrative services that enable faculty to focus their efforts on educating students and performing life-changing research across a wide range of disciplines including Artificial Intelligence, Clean Energy, Biotechnology, Longevity, Substance Addiction, Nextgen Quantum Computing, Environmental Health, and Resiliency. We work with the academic and business leadership of SUNY campuses to facilitate research and discovery by administering sponsored projects and delivering intellectual property and technology transfer services that fuel innovation and move ideas and inventions to the marketplace.

The RF is committed to diversity, inclusion, and a working environment that enhances productivity creates personal and professional opportunities, unleashes everyone's full potential, and fuels innovation. We hold the organization and each other to the highest standards of integrity, accountability, and ethical behavior.

Visit www.rfsuny.org and connect with us on Facebook, Twitter, and LinkedIn. Learn about SUNY at www.suny.edu.

Job Description:

FUNCTION & SCOPE:

Under the general direction of the Director of Financial Accounting and Reporting, the incumbent will take a lead role in the GAAP financial close and reporting on a quarterly and annual basis, assist with managing all projects related to the corporate accounting and taxation functions, particularly the implementation of new accounting standards, and assist in the development and implementation of the RF internal control structure.

The Reporting Manager will take ownership of financial accounting controls over the general ledger module and other tools that derive the information used for the financial statements, including the RF's employee benefit plans. The incumbent will also supervise the compilation of the 401a and 403b plan financial statements, compile the Post-Retirement plan financial statements, manage day-to-day external audit fieldwork to ensure audit requests are fulfilled and audit stays on track, and take the lead with extensive SUNY requests for annual and ad-hoc reporting for SUNY's annual reporting and the IPEDS process.

DUTIES:

Manage key corporate financial accounting processes:
- Quarterly financial statements and analysis,
- Annual audited financial statements,
- SUNY Controller's reporting, and
- Other standing and ad-hoc internal and external reporting requirements.
Report key financial statement trends and issues to senior managers.
Review journal entries prepared by staff accountants utilizing Oracle Workflow.
Liaise with the external audit in-charge, manager, and partner to coordinate fieldwork during year-end and employee benefit plan audits. Manage all aspects of the audit including timing, deliverables, and communication.
Track significant unusual transactions such as large leases and intangible assets with financial reporting impacts over one year in duration.
Review unusual campus transactions (i.e. transferring expenses between multiple awards) to determine unintended impact on GL and make correcting journal entries as necessary.
Ensure net assets are accurately allocated among campus locations.
Supervise and review fixed asset recording as performed by the Campus Operations (cost accounting) staff.
Oversee the accounting for post-retirement benefit expenses and the reimbursement of those expenses by the Voluntary Employee Benefits Association trust.
Prepare financial statements for the post-retirement benefit plan in conjunction with annual Form 5500 filings.
Supervise the preparation of the Basic Retirement and Optional Retirement Plans' financial statements and prepare annual Form 5500 filings.
Assist in the preparation and review of the RF's annual federal and state tax filings including but not limited to IRS 990 and 990-T tax returns for RF and post-retirement plan's trust.
Assist in the preparation and review of non-resident transactions to ensure accurate withholdings and tax deposits.
Assist with corporate tax monitoring and processing functions for payroll and accounts payable payments and submit periodic payroll and accounts payable review information to operating locations.
Assist with procedures and policies and administrative desktop manuals in relation to tax reporting, tax withholding, foreign transactions under FATCA, and non-resident alien taxation to ensure compliance.
Oversee and monitor revenue recognition compliance and follow-up with sponsored programs and campus.
Ensure internal control documentation is properly updated to reflect any system or process changes and take lead role in any audits of internal controls over GL functions. Take the lead role in managing resource deployment and communicating these changes to senior management.
Ownership of the functional operation and control of the corporate General Ledger (GL), and control over new classification codes to ensure financial integrity for reporting purposes.
Designated lead for system changes with the Business Analysts and manage the change control process to ensure that accounting integration points and issues have been satisfied for major system patches, upgrades, and customizations. Review of all testing plans and testing results that have accounting implications to ensure integration controls.
Lead other members of the department and organization in testing any GL changes and advise other team members on resolving cross-functional accounting system issues.
Lead other members of the department in creating efficiencies in their assignments.
Special projects as management and campus needs dictate.
Contribute to a work environment that fosters teamwork and cooperation; where employees can prosper; find rewards in their efforts; and, be continuously challenged to improve the performance of the organization.

Requirements:

SPECIAL SKILLS:

Project management skills, including planning, allocation of resources, timely communication, and proactive team coordination skills.
Some projects will include supervision; all will entail fixed deadlines. Experience and skill in managing deadlines is critical.
Must have a thorough knowledge of generally accepted accounting principles, financial reporting, as well as internal controls over financial reporting.
Experience with the financial statement audit process as auditor or auditee.
Excellent communication and emotional intelligence skills are essential due to the close coordination of team members and dependence on other finance office personnel, as well as campus staff.
Must be highly skilled in all standard Microsoft Office applications. Advanced usage of Excel is preferred.
Knowledge of Oracle system operation and functionality strongly preferred, but not required. However individual in this position will need to learn specific interface among enterprise business system modules that lead to the automatic posting to the financial system including an understanding of auto-accounting mapping from subsidiary modules to the general ledger

EDUCATION/EXPERIENCE:

Bachelor's degree in accounting and minimum five to ten years of progressively more responsible experience required, and CPA eligible with an intent to pursue license. We will consider candidates with less years' experience if they currently hold a CPA license. Financial reporting experience (not for profit a plus), demonstrated ability to collaborate and communicate effectively and commitment to the principles of process improvement and customer service required. Experience in grant and contract administration and not-for-profit sector desirable. Project management experience preferred.

Compensation for this position: The compensation for this role is between $107,421 to $138,186. The pay will depend on a variety of factors that may include but are not limited to experience, education, training, and certifications.

Additional Information:

As an Equal Opportunity / Affirmative Action Employer, The Research Foundation for SUNY will not discriminate in its employment practices due to an applicant's race, color, creed, religion, sex, pregnancy-related conditions, reproductive health decisions, childbirth or related medical conditions, sexual orientation, gender identity or expression, transgender status, age, national origin or ancestry, marital status, familial status, citizenship, physical and mental disability, prior arrest or conviction record, genetic characteristics/genetic information, predisposition or carrier status, domestic violence victim status, military status or service, veteran status, or any other characteristics protected under federal, state or local law. The Company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

The Company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

Review of applications will begin immediately and continue until the position is filled.

The Research Foundation for the State University of New York is not an agency or instrumentality of the State of New York. Employees of the Research Foundation for the State University of New York are not state employees, do not participate in any state retirement system, and do not receive state fringe benefits. The Research Foundation for the State University of New York operates under a contract with The State University of New York and receives no directly appropriated state funding.

Application Instructions:

Applicants interested in applying MUST submit the following documents:

1. Resume/CV
2. Cover Letter

After submitting your resume/CV, please use the subsequent pages to upload your cover letter and additional documents.

Returning Applicants can Login to your RF SUNY Careers Account to review your application.

To apply, visit http://rfsuny.interviewexchange.com/jobofferdetails.jsp?JOBID=183341