Manager, Financial Reporting
- Employer
- University of Virginia
- Location
- Charlottesville, VA
View more
- Administrative Jobs
- Institutional & Business Affairs, Business & Financial Management
- Employment Type
- Full Time
- Institution Type
- Four-Year Institution
Job Details
Job location: Charlottesville, VA
Employment Type: Full-time
Posted data: 2019-04-18
Req: R0003696
The incumbent manages one accounting supervisor, corporate-level financial accountants, and senior and staff accountants. The incumbent oversees the corporate-level financial statement preparation, reporting and analysis; audit planning, coordination and execution with internal and external audit staff; preparation of annual federal and state information returns (Forms 990 and 990T); and corporate, clinical operations and administrative budgeting. The incumbent, in collaboration with other UPG Finance managers, oversees the accounting and financial reporting of the operations of UPG and subsidiary corporations.
- Recruits, trains, manages and develops staff to form a cohesive, high-functioning financial reporting team.
- Ensures that all financial reporting and accounting is maintained in a manner which complies with UPG policies, GAAP and FASB ASC requirements and addresses the needs of management.
- Understands the complexities of UPG and can identify the risks of accounting to management.
- Assesses new regulatory requirements and provides recommendations for compliance and guidance to staff regarding changes to the accounting or accounting treatment consistent with UPG policies, GAAP and FASB ASC.
- Ensures timely and accurate reporting to management and other financial report users and works with staff to identify issues and provide recommendations for resolution.
- Plans and manages the development, implementation, and maintenance of accounting procedures, including establishing and maintaining internal controls.
- Ensures that appropriate accounting-related services are provided to other entities affiliated with UPG including subsidiaries and separate business units.
- Supports the Director of Finance in monitoring financial performance, including reviews of monthly financial statements to identify risks and concerns and provide explanations for variances provided by staff and supported by knowledge.
- Supports and oversees financial accounting team members to collaborate with UPG Management, the UVA Clinical Departments, the UVA School of Medicine (SOM) Dean’s Office and the UVA Medical Center regarding oversight of the sub-agreements and payments relative to the Medical Center Memorandum of Understanding (MOU).
- Communicates with business partners to meet business needs and develops and maintains reports to be distributed to business partners to meet their reporting needs.
- Initiates and implements approved changes to UPG policies and procedures to improve the efficiency of accounting and administrative budgeting operations in providing accurate and timely financial reports.
- Provides variance explanations at month-end financial review meetings as needed.
- Ensures timely and accurate reporting to federal and other governmental agencies as required, including tax returns and surveys, and oversees and reviews related work prepared by staff.
- Serves as authorized approver and check signer for cash disbursements.
- Prepares annual operating budget for unit.
- Maintains appropriate skills in accounting and software applications by attending training sessions and using and exploring the tools available.
- Maintains competencies in accounting, management and tax through continuing education and training.
- Completes other tasks and assignments as requested by Director of Finance.
- Oversees the development, analysis, and interpretation of statistical and accounting information in order to appraise operating results, performance against budget, and other matters bearing on the fiscal soundness and operating effectiveness of UPG and subsidiary corporations.
- Reviews financial reporting preparation completed by staff to ensure explanations are reasonable and resolves any issues identified with the staff
- Oversees the development, implementation, and ongoing evaluation of financial and accounting systems, including the maintenance of financial reporting software.
- Oversees the overall maintenance of the general ledgers of all accounting components including the production of financial statements, reconciliation of cash activities, and preparation of accruals to meet anticipated liabilities.
- Directs the preparation of financial reports, including income statements and balance sheets, tax returns, and reports for government regulatory agencies.
- Manages aspects of corporate-level financial operations, including: coordinating Health System and corporate-level financial statement production and analysis; planning, coordination and execution of the annual independent audit with internal and external audit staff; and preparation of annual federal and state information returns (Forms 990 and 990T).
- Oversees the preparation and coordination of annual budget process, including Health System, corporate, clinical operations and administrative budgets. Manages related analysis and reporting, and communicates with management on budget-related issues.
- In addition to the above job responsibilities, other duties may be assigned.
- Oversees periodic internal audit reviews of records as requested by the Director of Finance.
- Oversees the preparation and filing of federally mandated US Census Bureau Surveys and ensures timely and accurate reporting to federal and other governmental agencies as required.
MINIMUM REQUIREMENTS
Education:
- Bachelor’s degree in Accounting, Business Administration, or other related field.
Experience:
- Seven years of work-related experience with progressively increasing responsibilities.
- Experience in managing and meeting multiple deadlines.
- Five years of experience supervising accounting staff.
- Demonstrated knowledge of GAAP, IRS regulations, auditing and accounting internal controls.
Licensure:
- CPA designation and active license preferred
Knowledge and Skills:
- Proficiency with computerized accounting systems and general ledger software.
- Experience using microcomputers and automated information systems, especially in a Windows environment.
- Intermediate proficiency in spreadsheet software required.
PHYSICAL DEMANDS
This is primarily a sedentary job involving extensive use of desktop computers. The job does occasionally require walking some distance to attend meetings, and programs.
The University of Virginia, including the UVA Health System and the University Physician’s Group are fundamentally committed to the diversity of our faculty and staff. We believe diversity is excellence expressing itself through every person's perspectives and lived experiences. We are equal opportunity and affirmative action employers. All qualified applicants will receive consideration for employment without regard to age, color, disability, gender identity, marital status, national or ethnic origin, political affiliation, race, religion, sex (including pregnancy), sexual orientation, veteran status, and family medical or genetic information.Organization
In 1819, the University of Virginia established a new model for intellectual exchange and cross-disciplinary collaboration in higher education. Two hundred years later, as a major research institution, we continue to challenge conventions, lead with ingenuity and advance knowledge for the common good.
What began as an innovative idea has become one of the nation’s leading public research universities, with over 21,000 undergraduate, graduate and professional students. UVA also has over 3,000 full-time faculty offering more than 400 degrees.
Each of the University’s eleven schools has its own distinctive mission, working together to garner consistently high rankings—including #2 Best Value Public College (Princeton Review, 2016), #3 Public University in the Nation (U.S. News & World Report, 2016), and #3 Best Value Among Public Colleges (Kiplinger’s, 2016).
As we invest in and strengthen our research capabilities, UVA seeks new faculty ready to uncover new insights, rewrite old rules and collaborate on intellectual discoveries.
RESEARCH COLLABORATIONS THAT CROSS DISCIPLINES
As an R1 institution, the University’s research centers, consortia and laboratories are on the leading edge of discovery and technology, offering collaborative spaces for students and faculty to solve global problems.
Our professors are recognized members of major national scholarly and professional organizations, including the National Academy of Sciences and the American Academy of Arts and Sciences. Our faculty’s engagement in interdisciplinary research is being facilitated by new research institutes specializing in everything from big data to brain functioning, and by cluster hires across schools.
NATIONALLY RANKED HEALTH SYSTEM
UVA is also home to a nationally renowned academic medical center and the UVA Health System, which serves a three-part mission to treat patients, conduct translational research and train medical practitioners in a wide variety of disciplines.
Established as the nation’s 10th medical school in 1825, the institution has since grown to include a 612-bed hospital and a Level I trauma center, nationally recognized cancer and heart centers, a Children’s Hospital, and primary and specialty clinics throughout Central Virginia.
The UVA Medical Center is consistently ranked among the nation’s best hospitals by the U.S. News & World Report magazine and has been named among the top 25 percent in seven specialties.
INSPIRING STUDENTS, INSPIRED TEACHING
The vast majority of UVA students come from the top 10% of their high school class, as well as from all 50 states, over 142 countries and a variety of socioeconomic backgrounds. Despite their diversity, all UVA students share a love of learning and a drive to achieve.
One of the reasons students choose Virginia is our unique residential culture. At UVA, the community of students, faculty and staff personifies the Jeffersonian idea that living and learning are connected. The Academical Village was constructed to support a unique residential experience, with faculty living in the Pavilions, students occupying Lawn rooms and the world-famous Rotunda at its heart. The University’s residential culture continues to support this experience today—strengthened by students, faculty and staff rich in backgrounds, ideas and perspectives. Our unique culture is also paying dividends in innovation: UVA’s faculty have generated more than 130 patents since 2010.
Perhaps most importantly, faculty come to UVA knowing that instruction is as important as research, and they pride themselves on their many teaching awards. Our best professors look for ways to encourage, mentor and develop tomorrow’s leaders inside and outside the classroom.
LIFE IN CHARLOTTESVILLE
Living in Charlottesville you’ll find sophisticated restaurants, world-renowned wineries and breweries, cosmopolitan arts and music, friendly urban and suburban neighborhoods and a Piedmont landscape that has lured adventurous souls for centuries. No wonder the U.S. National Bureau of Economic Research named Charlottesville the “happiest city in America” in 2014.
In addition to UVA and its health system, several major employers have facilities in Charlottesville, including State Farm, Northrop Grumman, the U.S. Department of Defense, GE and others. Charlottesville is also becoming a center for innovative start-up businesses. The University also actively helps spouses and partners of faculty members build their networks and pursue employment opportunities with a wide variety of area employers.
The University of Virginia is an equal opportunity and affirmative action employer. Women, minorities, veterans, and persons with disabilities are encouraged to apply. In accordance with the Americans with Disabilities Act Amendments Act of 2008 (ADAAA) and the Rehabilitation Act of 1973, qualified individuals with disabilities are protected from discrimination and may be entitled to reasonable accommodations to assist in their pursuit of employment at the University. This includes assistance in completing the online job application as well as reasonable accommodations during the interview process. Please contact the UHR Service Center: 434.982.0123 orAskHR@virginia.edu to request assistance.
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