The Georgia Tech Foundation is a not-for-profit corporation founded in 1932. The mission of the Foundation, its Board of Trustees, officers and staff is to foster and manage gifts in support of academic excellence in the spirit and traditions of the Georgia Institute of Technology. The Foundation is entrusted to:
Promote the cause of higher education in the State of Georgia
Receive and manage financial donations received by the Foundation for support and enhancement of the Georgia Institute of Technology
Assist the Georgia Institute of Technology in its role as a leading educational and research institution.
With total assets of $2.3 billion and net assets of $1.8 billion, the Foundation is well-positioned to continue fulfilling this mission into the future and providing support to the Georgia Institute of Technology it so richly deserves.
The Controller is a senior member of the accounting and finance team of the Georgia Tech Foundation and reports to the Chief Financial Officer and Corporate Secretary. The Controller role is a new, senior-level position reflecting the significant growth and complexity of the Foundation over the past several years. The Controller is responsible for the accounting function of the Foundation including activities related to investments, endowment and gifts, real estate, capital markets, audit/tax compliance, and financial system development and maintenance. The Controller is a key staff liaison with the controller/business office of the Georgia Institute of Technology, external auditors and tax preparers, investment custodian, real estate property managers, and various other internal and external constituents.
Working closely with and under the direction of the Chief Financial Officer, key responsibilities include:
Maintain and enhance a sound system of internal controls and segregation of duties ensuring the integrity of financial data and accuracy/timeliness of financial statements and management reports. Develops and maintains financial management policies and procedures consistent with GAAP and other FASB pronouncements.
Maintain and enhance the accounting and financial information systems including general ledger, financial reporting, and endowment management systems working closely with the technology services team. Provide leadership in recommending and implementing improvements
Manage monthly/quarterly/annual closing processes promoting accuracy, clarity, consistency, and efficiency. Produce interim financial statements and management reports in support of communications with leadership and the Board of Trustees.
Manages the coordination of the year-end audit including annual financial statement preparation in collaboration with external auditors, management of financial and tax compliance including Form 990 preparation, and GAAP to GASB conversions for state reporting.
Manage a team of three professionals with responsibility for investment accounting, endowment and gift accounting, real estate, capital markets, fixed assets, banking and treasury services, gift processing, and financial compliance.
Review, analyze and interpret results of financial statements, tax returns and other financial reports to ensure the integrity of the final product, compliance with regulatory requirements and appropriate awareness of senior management.
Create business processes and procedures for real estate-related and debt-related activities, research and implement appropriate accounting treatment, reporting and controls, compliance, research new issues and consult with outside experts as needed.
Participate with the CFO in meeting with Audit and Finance Committees of the Board of Trustees as needed. Support may include the preparation of agendas, minutes and board talking points.
Partner with the CFO and the technology services team to evaluate, select and implement a new accounting / general ledger system and endowment management/accounting system.
Prepare strategic financial analysis as requested by the CFO and leadership. Assumes additional responsibilities and engages in special projects as needed.
OPPORTUNITIES AND CHALLENGES
The Foundation has grown significantly in size and complexity over the past several years in terms of assets, net assets, real estate portfolio, debt portfolio, number of endowments, etc. There is a high level of experience amongst the current finance and accounting team yet the staffing levels have not grown, and infrastructure, systems and technology platforms have not been updated to support the current and future needs of the organization.
The Foundation will need to evaluate, select, and implement a new accounting and general ledger system and endowment management system in the near future. This will require evaluation of existing policies and processes, assessment of current staff resources, managing through change and effective communication.
The Foundation oversees a growing real estate portfolio in the Atlanta area. The Controller will need to manage all accounting aspects of this growing real estate portfolio to ensure appropriate financial controls, financial reporting and consolidation, coordination of external audits, etc.
The Controller must be willing to take a hands-on role when required in the preparation of financial statements, management reports, Board presentations, budgets, etc. The accounting and finance team of the Foundation is highly-collaborative and the Controller is expected to be a positive, supportive member of the team.
QUALIFICATIONS AND CHARACTERISTICS
A bachelor’s degree in accounting, finance, business, or a related field and ten or more years of progressively responsible leadership experience in accounting and financial roles.
CPA or equivalent certification
Experience in not-for-profit, higher education, or public administration is preferred
Strong knowledge of accounting systems with an emphasis on fund accounting, endowment/gift accounting, real estate, and investments is preferred.
Experience in financial reporting and analysis, financial statement preparation, system implementation and project management
Has a demonstrated ability to use technical knowledge and tools, and the capacity to communicate financial information clearly and to work collaboratively.
The successful candidate will ideally possess the following qualities and attributes, in no particular order of importance:
Have a record of superior communication skills, successful relationship building, and collaboration with internal and external stakeholder groups.
Strong analytic skills, able to clearly link financial results to operational performance drivers, generate alternatives and drive positive change.
Bring strong leadership, vision, and managerial skills to the position.
Be flexible and have the ability to manage through change.
Be an individual of impeccable integrity and high ethical standards.
Support staff development and a strong team environment.
Advocate an open and transparent management approach.
Be confident, innovative, and high energy.
About Georgia Tech Foundation, Inc.
Since 1932 the Georgia Tech Foundation has managed gifts given in support of academic excellence in the spirit and traditions of the Georgia Institute of Technology. Today, this great heritage is truly visible in the Foundation’s board of trustees, officers and it’s staff commitment to its mission: to promote the cause of higher education in the State of Georgia; to receive and manage financial donations received by the Foundation for support and enhancement of the Georgia Institute of Technology and to assist the Georgia Institute of Technology in its role as a leading educational and research institution.
The Georgia Institute of Technology (commonly referred to as Georgia Tech, Tech, or GT) is a public university in Atlanta, Georgia, in the United States. It is a part of the University System of Georgia and has satellite campuses in Savannah, Georgia; Metz, France; Athlone, Ireland; Shenzhen, China; and Singapore.
The educational institution was founded in 1885 as the Georgia School of Technology as part of Reconstruction plans to build an industrial economy in the post-Civil War Southern United States. Initially, it offered only a degree in mechanical engineering. By 1...901, its curriculum had expanded to include electrical, civil, and chemical engineering. In 1948, the school changed its name to reflect its evolution from a trade school to a larger and more capable technical institute and research university.