Salary : $117,350.00 - $146,082.00 Annually
Location : Dearborn, MI
Job Type : LO-71 Full Time
Job Number : 202500336
Division : Other - Business Services
Department : Accounting
Opening Date : 02 / 04 / 2025
Position Description Summary
Henry Ford College presents an opportunity for the Director of Financial Accounting Services.
The Director of Financial Accounting Services reports to the Vice President of Finance / CFO and assists the Vice President in creating and maintaining accurate accounting records, execution of internal control procedures, and financial management functions. The Director is responsible for all financial accounting functions in relation to subordinate areas, including but not limited to General Accounting, Accounts Payable, Grant Accounting, Project Accounting, Banking, Payroll, Bursar (Student and Third-Party Accounts as well as Collections), Fixed Assets, Construction-In-Progress (CIP), and Foundation. The Director will also be responsible for coordinating and conducting the college's Annual Audit.
Core Competencies and Qualifications
- Experience : Minimum 10 years' progressive experience in accounting or finance in either public or private sector, including 5 years of supervisory experience.
- Education : Bachelor's degree in business, finance, accounting, or related field from a regionally accredited institution.
- In-depth knowledge and experience in finance procedures and systems, proper internal control systems, and Enterprise Resource Planning (ERP) technology including skilled use of business software applications. Fund accounting experience required. desirable.
- Must exhibit the highest level of professional integrity.
- Must demonstrate excellent oral and written communication skills and excellent analytical skills.
- Must have a collaborative management style, demonstrate the ability to maintain a positive working relationship with College personnel and representatives of various external agencies, and possess the ability to work effectively with students and staff in a multicultural environment.
The most successful candidate will have a career that includes the following :
Master's Degree from a regionally accredited institution in business or related field or additional professional certification (CPA, CMA, or CIA)..Successful experience in a higher education environment.Experience with Ellucian products, such as Colleague or Banner.Additional Unique Competencies
Accounting Operations - Expertise in general ledger accounting and the control / subsidiary account relationships and reconciliation techniques, including accounts receivable, accounts payable, and disbursing officer's accountability.Auditing - Expertise in generally accepted auditing standards and procedures for conducting financial and compliance, economy and efficiency, and program audits.Audit Reporting - Expertise in the principles, practices, and techniques used to report audit findings (criteria, condition, cause, effect, and recommendation).Compliance - Expertise in the procedures for assessing, evaluating, and monitoring programs or projects for compliance with Federal laws, regulations, and guidance.Conflict Management (Leaders) - Encourages creative tension and differences of opinions. Anticipates and takes steps to prevent counter-productive confrontations. Manages and resolves conflicts and disagreements in a constructive manner.Creative Thinking (Leaders) - Uses imagination to develop new insights into situations and applies new solutions to problems; designs new methods where established methods and procedures are not suitable or are unavailable.Decision Making - Makes sound, well-informed, and objective decisions; perceives the impact and implications of decisions; commits to action, even in uncertain situations, to accomplish organizational goals; causing change.Developing Others - Develops the ability of others to perform and contribute to the organization by providing ongoing feedback and by providing opportunities to learn through formal and informal methods.Financial Systems - Knowledge of the standards, architecture, and specifications of automated financial systems, including source documents, system flows, system interfaces, and related internal controls.Internal Controls - Knowledge of the principles, methods, and techniques for establishing internal control activities (for example, authorizations, verifications, reconciliations), monitoring their use, and evaluating their performance (for example, identification of material weaknesses or significant deficiencies).Interpersonal Skills - Shows understanding, friendliness, courtesy, tact, empathy, concern, and politeness to others; develops and maintains effective relationships with others; may include effectively dealing with individuals who are difficult, hostile, or distressed; relates well to people from varied backgrounds and different situations; is sensitive to cultural diversity, race, gender, disabilities, and other individual differences.Essential Duties and Responsibilities including but not limited to
Essential duties and responsibilities listed below includes both a broad overview (as well as some specific duties) within several areas that can, at the discretion of the Vice President of Finance / CFO and the incoming director, be delegated to the Assistant Director of Financial Accounting Services. The below listing is not all inclusive of all work performed within the Financial Services area.
The below listing is not all inclusive of all work performed within the Financial Services area.
Provide leadership, daily supervision, scheduling, evaluation, and training for all personnel within subordinate areas using the College's established systems and procedures.Prepare and coordinate the annual financial audit, including review of supporting work papers and the oversight of required annual State of Michigan echeatment due diligence and escheatment process.Supervise the maintenance and retention of records in accordance with appropriate rules and regulations.Serve as College's Michigan Community College Business Officer Association (MCCBOA) contact. Collaborate with external consultant on annual renewal submissions .Open and close General Ledger application suite annually based on college needs / requirements.Draw approved G5 Financial Aid funds and authorized grant funds, maintaining accurate records.Serve as liaison to Information Technology Services and Institutional Research to ensure that system-generated reports are accurate, useful, and reliable as required for several necessary and mandatory accounting functions.General Accounting -
Develop and implement accounting systems and procedures conforming to GAAP and other relevant State and Federal regulations, financial policies, and financial procedures .Provide improvements as necessary in accordance with Board policies.Maintain College chart of accounts. Create, freeze, or inactivate accounts as needed.Manage general ledger account level security of all users.Review reconciliation of all general ledger balance sheet accounts.Review and approve all weekly check runs from subordinate areas. (Accounts Payable, Direct Deposits for Employees, and EPaybles (direct vendor payments) as well as coordinate weekly EPayables check run upload.Serve as Credit Card Gateway Administrator, including oversight and control of all access to the accounts. Adjust student accounts as required with appropriate documentation.Process and record property taxes (Payments, Tribunal Refunds, Audit).Oversee third party purchase card (PCARD) program. Create, freeze, or inactivate employee PCARDS as needed.Accounts Payable -
Direct the accounts payable function to ensure timely and proper payments to vendors and staff.Oversee 1099 and 1042 processing and submit required annual filings.Oversee EPayable program. Create or inactivate as needed.Grant / Project Accounting -
Oversee Grant Accounting financial procedures for all College and Foundation grants, including Project Accounting when applicable.Banking -
Conduct daily balance review / activity of all bank balances for the College and the Foundation, approving daily cash reporting and monthly bank reconciliations.Initiate, approve and release new bank wire and ACH templates as needed, maintaining proper documentation for College audit.Oversee assigning / revoking bank tokens and appropriate employee bank access based on accounting role needs.Payroll -
Oversee the College's payroll function to ensure proper payments to employees, including review and approval of various pay cycle processing and submission of annual federal and state reporting associated with payroll.Bursar (Student and Third-Party Accounts) -
Oversee student and non-student accounts receivable processes to assure timely collection. Includes assessment of tuition and fee charges to student accounts and tuition waiver billings for employees and their dependents, as allowable under employee collective bargaining agreements.Construction In Progress (Fixed Assets) -
Review monthly CIP report, creating new CIP projects as requested and freezing once complete, while providing direction on Fixed Assets capitalization.Allocate approved monies to Technology Instructional Fund (TIF) projects.Foundation -
Oversee and review internal monthly Foundation statements, quarterly Foundation Board statements, and Foundation 990 workbook, ensuring accuracy and agreement of all donor information between the College and Foundation.Additional Information
While we have attempted to capture the core functional responsibilities in the role, the statements contained in this job announcement reflect general details as necessary to describe the principal functions of this job, the level of knowledge and skill typically required, and the scope of responsibility. It should not be considered an all-inclusive listing of work requirements. Therefore, performing additional job-related duties not listed above may be required as assigned. For applicants viewing this ad from an external site, please go to hfcc.edu / jobs to apply.
REWARDS THAT LAST A LIFETIME
Henry Ford College takes great pride in offering a variety of comprehensive and industry-leading programs and resources to support the health and well-being of our team members and their families.
Being an industry leader means giving back to our most valuable asset - our employees.
HFC Offers :
Employee assistance program403B and 457B saving and retirement plans with Roth contribution optionsVacation time / PTOHolidaysTuition waiverComprehensive medical insuranceEmployer paid vision and dentalLong / short term disabilityFlex spending and health saving accountsProfessional Development opportunitiesDo you have at least 10 years' progressive experience in accounting or finance in either public or private sector, including 5 years of supervisory experience (or equivalent)?
Do you have a bachelor's degree in business, finance, accounting, or related field from a regionally accredited institution?
Do you possess in-depth knowledge and experience in finance procedures and systems, proper internal control systems, and Enterprise Resource Planning (ERP) technology including skilled use of business software applications?
Required Question
Salary : $117,350 - $146,082
