Senior Financial Accountant

Pellissippi State Community College   Knoxville, TN   Full-time
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Title: Senior Financial Accountant

Department: Fiscal Reporting

Number of Positions: 1

Classification: 1

Position #: 600350

Type of Appointment: Full-Time

FLSA Status: Exempt

Pay Rate: $51,170 - $63,600.00/per year. Pay will be determined based on related work experience above required. To be considered in determining pay, all related work experience must be listed on the application.

Required Documents Needed to Upload at Time of Application: Resume, transcripts and three professional references.

Reference check requirements:

• Non-supervisory roles: three (3) current or former supervisors

• Supervisory roles: two (2) current or former supervisors and one (1) current or former direct report

Position Summary: The overall purpose of this job is to perform and oversee accounting functions of the college related to the Foundation (including investment and endowment accounting), plant and depreciation, institutional debt and TNCIS (the Tennessee Consortium for International Studies). Responsibilities include preparation of GASB and FASB based financial statements for the Pellissippi State Foundation, preparation of relevant portions of the college financial statements, budgeting, various reporting, coordination with auditors, interpretation of regulations, initiation/implementation of new processes and procedures and preparation of complicated calculations used for reporting and management decision making.

Essential Functions:

35% Perform and oversee all accounting functions of the Pellissippi State Foundation.
  • Prepare annual Foundation financial statements using Financial Accounting Standards Board (FASB) accounting principles as applicable for private nonprofit organizations.
  • Prepare the component unit (Foundation) portion of the college's annual financial statements using Government Accounting Standards Board (GASB) accounting principles as applicable for state governments.
  • Advise the Foundation Board Treasurer of all relevant financial situations/transactions and prepare quarterly investment performance calculations. Attend all Foundation board meetings and Foundation finance committee meetings and be prepared to make quarterly presentation of financial status at these meetings as requested by the Treasurer. Field questions from board members related to fiscal matters including status of building projects, grant-related topics, investment performance, college support, etc.
  • Advise the Executive Director of the Foundation and Foundation board members on matters involving investment strategy and application of relevant policies. Develop accounting reporting structures to support new investment strategies, evaluate reporting requirements and update processes appropriately to ensure relevant and accurate reporting for both decision-making and financial statement presentation purposes. Analyze investment statements and prepare complex calculations for allocation of realized and unrealized endowment income and appreciation to donor funds based on the proportionate share of the total endowmet. Prepare interface files to post earnings in Banner.
  • Develop internal controls, policies and procedures and initiate Banner system changes as needed to support all accounting for the Foundation. Oversee all daily/monthly/quarterly accounting activities related to the Foundation.
25% Perform and oversee all accounting functions related to plant and for all fixed asset depreciation.
  • Establish appropriate capital outlay accounting procedures based on applicable professional standards.
  • Ensure that institutional resources are budgeted for all approved capital maintenance and building projects. Prepare all plant-related support for the budget submission to TBR.
  • Monitor complex funding sources and record transactions facilitated by the state for all capital projects.
  • Record balances due to/from the state and other liabilities, reconcile projects in progress, unexpended plant and renewal/replacement expenditures and prepare schedules to reconcile capital expense and appropriation totals at year end.
  • Calculate capitalization values and monitor project status in order to properly classify assets for financial statement reporting purposes. Ensure that detailed records for all capital assets are maintained and all assets are reflected in the total reported investment in plant for the college.
  • Calculate and record annual depreciation of capital equipment and facilities.
  • Approve capital disposals.
  • Prepare all debt related calculations, including current and noncurrent liability changes, amortization of debt premiums and debt refunding, accrual of interest and transfers to manage cash flows.
10% Manage and direct the TNCIS (Tennessee Consortium for International Studies) accounting function. Evaluate all program cost reports and ensure appropriate accounting procedures are properly executed. Review reconciliations for outstanding student fees, promissory notes, airline tickets, prepaid expenses, conference accounts, faculty cash advances, salaries, etc.

15% Maintain audit documents and respond to audit requests as needed. Assist with proofing and editing of college's full financial statements and budget documents. Perform variance analysis to identify exceptions. Evaluate new accounting guidance and develop processes for capturing required data.

10% Use available accounting data and technology (GASB module process in Banner, Spreadsheet Budgeting software, Spreadsheet Server (Global) software, ARGOs - sql based reporting software, etc) to provide internal and external financial reports and make other calculations to assist various departments, state agencies or other requestors.

5% Perform other duties as needed.

Note: The College reserves the right to change or reassign job duties, or combine positions at any time.

Key Results Areas: Maintaining program and institutional accreditation.

Job Requirements:
  • Education: Bachelor's degree in Accounting or Finance.
  • Experience: A minimum of 2 years accounting experience in a business operations environment with financial statement preparation OR audit experience required; 4 years accounting experience in a higher education or governmental business operations environment preferred.
Part-time work experience is calculated at 50% credit of full-time work experience.

Special Skills/Application of Knowledge:

Complexity & Creativity: Extensive analytical, technical and creative thinking are needed for this position. Problem solving must not violate regulations/policies and must conform to the structure of data within Banner or available technical solutions. At times, needs conflict with system constraints or existing policies / procedures and a unique solution must be developed.

Technical knowledge of Banner, third party SQL based software and extensive excel skills are required. Understanding of generally accepted accounting principles (including GASB and FASB pronouncements), the ability to apply complicated accounting concepts, knowledge of TBR policies and guidelines, proficiency in Microsoft Office Suite, the ability to establish working relationships, to work independently, to manage a variety of complicated assignments simultaneously while meeting all deadlines and the ability to analyze transactions and "troubleshoot" are vital in the performance of this job. Many standards exist without specifications on how to apply or implement them. This position must evaluate requirements, interpret them and manage them to minimize risk and maximize efficiency and accuracy, and should also identify gaps in policy / procedure and develop appropriate solutions.

Magnitude of Impact: The impact of some transaction-level actions might be immediate, but the impact of many actions would be long-term, such as the development of new regulations into a policy or procedure. Decisions must often be made within a short time window. Careful evaluation and planning is involved to make processes feel "straight-forward" to other parties involved despite any complexity of the purpose. If a problem arose, the Vice-President or Director of Fiscal Reporting would be called upon to intervene.

Responsibility for Accuracy: Misinterpretation of a regulation would likely be caught by auditors. Most processes are designed to catch common clerical errors by requiring independent calculations to verify results. Most standard calculations and reconciliations are performed monthly or quarterly. An undetected error could directly impact the college's financial statements and cause audit findings as well as negatively impacting the decision-making process of the Foundation Board and college management. Errors would also erode the reputation of the institution and the accounting department.

Financial Impact: There is a responsibility to safeguard personal office equipment.

Inaccuracy in reporting or inadequate controls could result in bad decisions by management, lost revenue, overpayments, audit findings, diminished integrity of the institution, and extensive inefficiency and rework.

Budgetary: Responsibility exists for administrating all plant budgets, tracking expenditures and investigating / resolving budget variances. The person in this position must evaluate all new locally funded plant projects and request budget transfers from unrestricted institutional funds to fund the projects. Careful consideration must be provided to weigh institutional needs verses the timing of the project needs since many projects may span over several years. This position also approves all R&R (Renewal and Replacement) plant budget expenditures in PelliBiz.

Judgement and Decisions: Decisions about the operations of Plant, Foundation and TNCIS accounting can be made with minimal "referral". The Director of Fiscal Reporting is often consulted prior to any major implementation to evaluate any impact to other areas.

Nature of Contacts: Internal employees contacted on a regular basis include the Executive Director of the Foundation, Foundation administrative personnel, Information Services Analyst, and Senior Data Analyst in the Foundation. External contacts include the Capital Outlay Coordinator at TBR, the Assistant Vice-Chancellor at TBR, counterparts at other community colleges / universities, Banner system consultants, the external accountant that files Foundation tax returns and auditors (state and federal) and Foundation Board members.

Contact purposes include providing highly complex data and data analysis, process development and design, identifying and resolving internal control deficiencies, problem resolution / troubleshooting, communicating regulation requirements, and information systems issues

Physical Demands: Typical office demands including lifting (file storage boxes of approximately 30 plus pounds to be stored in designated areas and may require overhead lifting or transport between home and office), sitting for extended periods of time, walking to various locations on campus, local travel and out of area travel for meetings and / or training.

Extensive use of keyboard and 10-key calculator. Extreme visual demands exist due to near-continuous "screen time" and detailed review of printed material. Must be able to view Banner and read.

Must be able to hear questions, listen to oral communications including online training, conference calls, etc.

Accommodations could need to be made to compensate for any color deficiency due to color coded worksheets, graphs, or charts.

Typical office environment with little individual control of regulated temperature, standard florescent lighting, and dust are common when working on campus.

Hazards: Typical office risk of paper cuts, minor scrapes and bruises. Eye strain resulting from visual demands. Neck and back strain from extended desk work and stress. Carpal Tunnel risks are high due to extensive repetitive motions.

Full-time Employment Benefits:

• Insurance Options Health, dental, vision, life, short/long-term disability, FSA/HSA Wellness Incentive Program, if enrolled in health plan

• Educational Assistance Fee Waiver Spouse/Dependent discounts Audit/Non-Credit Reimbursement Program

• Employee Assistance Program

• Retirement options Tennessee traditional pension plan option (TCRS) 401k with $50 company match/457/403b

• Employee Discount program with over 900+companies

• 13 Paid Holidays/Year Includes paid days off the last week of December

• Sick Leave Bank

• Longevity Pay

• Many opportunities for professional development

Special Instructions to Applicants: To be considered for a position at Pellissippi State, you must create an on-line application. Your skills, abilities, qualifications, and years of experience will be evaluated using only what is recorded on your application. Work experience that is not listed on the application will not be considered towards compensation. Please note: attaching a resume does not substitute for completion of the application form. Part-time work experience is calculated at 50% of full-time experience. Please note: to scan, upload, or attach documents, a computer and scanner are available at the Hardin Valley Campus Educational Resources Center, if needed.

Pellissippi State Community College is an EEO/AA/Title VI/Title IX/Section 504/ADA employer

If you have any problems or questions please contact Human Resources at Pellissippi State Community College's Human Resource Office at 865-694-6607 or by email at .

If you are interested in this position, click on Apply located below or Apply Now in the upper right-hand corner.

This job is no longer available.

Pellissippi State Community College

Knoxville, TN