Director of Accounting and Financial Reporting (52472)

Position Summary

The Director of Accounting and Financial Reporting is a key leadership role within the Fiscal Affairs division at Claflin University, a small private liberal arts institution. Reporting to the Assistant Vice President/Controller, this position is responsible for the accurate and timely recording and reporting of the University's financial activities. The Director oversees the General Ledger, Grant Accounting, Bursar (Student Accounts), and Reconciliations functions, ensuring adherence to internal controls, accounting standards, and regulatory compliance.  This role supports strategic decision-making through the development of clear and accurate financial reports, facilitates annual audits, and fosters collaboration across departments to promote financial stewardship and operational efficiency.

Essential Duties and Responsibilities

• Oversee day-to-day operations of the General Ledger, ensuring the integrity, accuracy, and timeliness of financial data.
• Supervise and coordinate activities related to Grant Accounting, ensuring compliance with federal, state, and institutional regulations, including proper recording and reporting of restricted funds.
• Provide leadership to the Bursar function, including student billing, collections, and account reconciliation.
• Manage monthly and year-end account reconciliations and closing processes.
• Prepare and review financial reports for internal stakeholders and external agencies, including Board reports, grantor agencies, and auditors.
• Assist the AVP/Controller with the preparation of financial statements in accordance with GAAP and FASB standards.
• Support the annual external audit process by preparing audit schedules, providing documentation, and serving as a point of contact for auditors.
• Collaborate with departments across campus to provide financial guidance and support.
• Monitor compliance with University financial policies and assist in the development and implementation of new policies and procedures as needed.
• Identify opportunities to streamline accounting processes and implement best practices.
• Supervise and mentor accounting staff, providing training, professional development, and performance management.

Education and Experience

• Bachelor’s degree in Accounting, Finance, or related field required; CPA or Master’s degree preferred.
• Minimum of 5–7 years of progressive experience in accounting or financial reporting, preferably in higher education or a nonprofit organization.
• Prior experience with grant accounting and student accounts is highly desirable.

Skills and Competencies

• Strong knowledge of GAAP, FASB, and federal grant compliance regulations (e.g., Uniform Guidance).
• Demonstrated experience in preparing financial reports and supporting audits.
• High level of integrity, accuracy, and attention to detail.
• Proficiency in financial systems; experience with Jenzabar ERP preferred.
• Strong analytical, problem-solving, and organizational skills.