Director of Finance & Controller

Job description

Director of Finance & Controller
Middlebury College

Posted with Limited Access No
Title Director of Finance & Controller
Posting Number S01172
Full-Time/Part-Time Full-time
Typical Hours Per Week 38.75
Regular, Temporary or Term Regular
Benefits Eligible? Yes
Hourly/Salaried Salaried
Band/Level AD1B
Hiring Minimum Commensurate with experience.
Department VP for Finance & Treasurer
Location Middlebury- Marble Works
Hire contingent upon successful completion of the following post-offer screening Criminal Background Check

Position Summary
Offer is contingent upon successful completion of a criminal background check.

The Director of Finance & Controller will oversee the accounting and budget operations of Middlebury and all units, is the primary day to day interface with the external auditors on all audits and compliance activities ensure that core financial processes and internal controls are maintained and promote the highest standards of customer service. The position reports to the VP of Finance and Assistant Treasurer

Essential Functions

The Director of Finance & Controller has overall accountability and responsibility for the finance function. This responsibility includes timely and accurate transaction processing (including those processed externally), account analysis, reconciliations and schedules, endowment and fixed asset accounting, preparation of interim and annual financial statements.

The Director of Finance & Controller has overall responsibility and accountability for the management of Payroll, General Accounting, Grants, Budget and Planning.

The Director of Finance & Controller has overall responsibility and accountability for the timely completion of the external audit of the College's financial statements, the A-133 compliance audit, and external audits of the benefit plans.

Specific Duties

  • Plans, manages, and ensures the timely completion of the fiscal, and pension audit(s). Serves as the primary operational liaison with external auditors
  • Prepares monthly and annual financial statements, variance analysis, and other internal and external financial reports.
  • Oversees the internal controls over financial reporting and compliance with A-133 requirements to ensure the controls are in place and enforced College wide.
  • Ensures compliance with a variety of externally-imposed financial recording and reporting regulations.
  • Prepares materials to support Risk / Audit Committee meetings, other Board meetings, and internal meetings with senior leadership where audits are discussed.
  • Attends Risk / Audit Committee and other Board meetings as necessary.
  • Develops and implements Middlebury financial policies and procedures.
  • Oversees the administration of the general ledger, assists in management of the chart of accounts; coordinate monthly general ledger closings and financial reporting and analysis.
  • Ensures timely and accurate transaction processing, account analysis, reconciliations and schedules.
  • Reviews the President's expenses annually and prepares reports for review by Audit Committee.
  • Supports Treasury Office to ensure cash needs are met on a daily basis.
  • Oversight responsibility for grants and contracts accounting; proper recording of fringe benefits and indirect expense recovery; review, preparation, and negotiation of the indirect cost and fringe benefits proposals with the requisite agency

    General Responsibilities
    Direct management and supervision of accounting, payroll, budget, and grants.

    Risk / Audit Committee
    Attend Risk / Audit Committee meetings of the Board of Trustees.

    Manage audit, prepare GAAP financial statements, cash flows, and footnotes, and provide data, information, and reports in response to auditor inquiries.

    Sponsored Research
    Work with the grants team to ensure compliance with federal and state regulations. Manage the A-133 audit and prepare financial statements on the Report on Federal Awards in Accordance with OMB Circular A-133.

    Budget Office
    Creation, implementation, and continued improvement of process and assist in production of various financial reports; resolve discrepancies; explain variances.


    Bachelor's degree in Finance, Accounting or related field is required. Master's degree and/ or CPA certification is strongly desired. Strong interpersonal, communication, analytical, organizational, and technology skills. A demonstrated commitment to open collaboration and customer service

    Knowledge, Skills and Abilities
    Strong verbal and written communications skills; ability to articulate strategies and implement policies; budget management; demonstrated ability to organize information, time and widely disparate priorities and complex issues to accomplish multiple, on-going and unrelated time critical tasks.

    Knowledge of federal, state, and local laws and regulations. Knowledge of accounting standards for colleges and not-for-profits; experience working with federal awards/contracts is highly desirable.

    The Director of Finance & Controller is a key person and in a leadership role on the VP for Finance and Assistant Treasurer's management team. Accordingly, the Director of Finance & Controller must have well-developed interpersonal and human behavior skills to communicate effectively the importance of fiscal accountability, efficiency, timely and accurate financial reporting, to gain the cooperation of the many diverse departments and to coordinate efforts to accomplish the goal of providing accurate and timely information and providing exceptional service to constituents. The position must understand both the accounting and budget / planning functions and be able to demonstrate the bridge between the areas.

    The Director of Finance & Controller will work with a wide range of stakeholders and the interactions must be handled in a collaborative way while utilizing appropriate measures to preserve Middlebury's rights, resources, financial integrity and reputation in every instance. The Director of Finance & Controller is routinely involved in highly sensitive matters; errors in judgment could adversely affect the financial integrity and the reputation of Middlebury.

    10 or more years of progressively responsible experience in large, complex organizations, including accounting and managerial experience in the finance division of a higher education institution or other not-for-profit is strongly preferred.

    Physical Demands
    Office related duties.

    Open Until Filled Yes

    Special Instructions to Applicants
    Offer is contingent upon successful completion of a criminal background check.

    Some postings require contact information for reference providers for confidential letters of recommendation.

    Recommendation Letter Requirements
    Please note that the Online Reference Letter Feature is not being used for this posting.

    To apply, visit:

    Offers of employment are contingent on completion of a background check. Information on our background check policy can be found here:

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    Job No:
    Posted: 1/7/2019
    Application Due: 7/1/2019
    Work Type: