The Manager of Financial Accounting and Reporting is a key leadership position in the Controller’s Department responsible for the University’s financial reporting, long-term debt management, capital assets, and financial general ledger system. The Financial Accounting and Reporting Manager’s functions and responsibilities include but are not limited to:
Financial Reporting and Analysis:
Manage preparation and ensure the annual Iowa State University consolidated financial statements are prepared in accordance with Governmental Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP).
Manage preparation of the University’s Comprehensive Annual Financial Report (CAFR).
Manage preparation of varied financial reports as required by internal constituents.
Serve as subject matter expert and technical advisor on implementation of new GASB pronouncements, supervise GAAP reporting revisions, and author new sections.
Supervise, coordinate and ensure appropriate reviews in the preparation of supporting schedules and work papers in support of University financial statements, bond audit reports, and other external reporting.
Manage the preparation of GAAP ledger journal entries to record required accruals and adjustments.
Provide management oversight and review of the financial statements of the University’s component units.
Serve as the primary contact with external financial statement auditors.
Supervise the analysis and review of University financial data for reasonableness and lead process improvement efforts for reporting processes and reconciliations.
Manage the preparation of audit schedules/reports requested by external auditors.
Provide assistance and training to University staff and external constituents in the interpretation of University financial information and reports.
Manage the preparation and ensure timely completion of other University external reports and analysis as required.
Long-term Debt Management:
Ensure compliance with the bond covenant requirements for the University’s bonded enterprises and outstanding bond issuances.
Assist senior finance leadership by providing data for inclusion in bond covenants and reviewing proposed bond resolution language for accuracy and consistency with existing parity bonds.
Provide accounting and reporting for all bond funds.
Work with external bond arbitrage consultants to account for and manage arbitrage rebate liabilities.
Advise units of proper accounting for transactions to ensure compliance with financial reporting principles and bond resolution requirements.
Oversee and manage the accurate accounting for capital projects and the maintenance of capital asset records, including the accurate accounting for capitalization and depreciation.
Compile quarterly cash flow analysis of major capital projects funded by private gifts and bond proceeds.
Provide leadership and consult with external consultants to maintain complete and accurate building depreciation data.
Serve as a member of the subset group of the University’s Capital Projects Advisory Committee, responsible for overseeing the financial, planning and construction aspects of the capital projects process.
Financial System Maintenance:
Oversee review of specific financial transactions, internal control practices, and monitoring for compliance with applicable policies, procedures, rules and regulations.
Oversee, design, improve, and manage all aspects of the University’s general ledger component of the University’s financial software.
Oversee financial system period close processes.
Required Minimum Quals:
Bachelor's degree and 5 years of related experience; OR a Master's degree and 3 years of related experience; OR a Ph.D. or other professional degree and related experience.
Bachelor's degree in Accounting or Finance 5 years of progressively responsible, professional experience in related area 2 or more years of successfully managing and supervising a professional accountant team Experience preparing and supervising the preparation of complex financial statements Experience preparing financial statements in accordance with GASB and GAAP Certified Public Accountant (CPA)
About Iowa State University
Iowa State University is a public, land-grant university, where students get a great academic start in learning communities and stay active in 800-plus student organizations, undergrad research, internships and study abroad. They learn from world-class scholars who are tackling some of the world's biggest challenges -- feeding the hungry, finding alternative fuels and advancing manufacturing.