Accounting Services serves a critical role at the University of Minnesota by providing leadership for system-wide accounting functions including the delivery of institutional accounting expertise and services. The position is responsible for ensuing accounting practice comply with federal and state laws, as well as relevant generally accepted accounting principles and reporting standards.
The Director serves as a leader, manager, coach, and expert resource in the department, and is an integral member of the University’s team of financial professionals. The Director is a liaison from the Controller’s Office to other University departments (for example, Office of Investment & Banking, Student Finance) and to the university external auditor.
Major Business Processes included in scope of responsibilities:
General accounting (including but not limited to chart of accounts, reconciliations, GASB standards and implementation, accounting policy and procedures, accounting templates, department transaction approvals, Federal and State funding draws),
Capital assets (capitalizing various types of assets including but not limited to property, library collections, intangibles, accounting and reporting),
Capital equipment inventory (capitalization, physical inventory of capital equipment),
Treasury accounting (cash, debt and investment accounting and reporting),
Financial reporting (including but not limited to the University’s annual report, financial statements for various audits, IPEDS, and HLC) consolidating all five campuses of the University of Minnesota, and
Business process owner for modules (Asset Management, General Ledger, Treasury, Reporting and Payroll Accounting) within the Enterprise Financial System (EFS).
The Director of Accounting Services is responsible for:
Setting the University's strategic direction for central operations and business processes within the scope of responsibilities across all five campuses of the University of Minnesota.
For the development and implementation of all Regents and administrative policies and procedures related to the scope of responsibilities and related technology and systems.
To ensure that financial information is recorded accurately and timely in the University’s financial systems consistent with generally accepted accounting principles.
Reports to the Controller. Close working relationships with other key business units in the Controller’s Office; with other units with a role in the administration of finance transactions (Office of Investment & Banking, Human Resources, Office of Information Technology, University Services, University of Minnesota Foundation, etc.).
Bachelor’s degree in business, accounting, finance, or related field.
Certified Public Accountant (active or inactive) or CMA
12 years’ experience financial reporting, accounting, or financial management.
Experience in a large, decentralized organization.
6 years supervisory experience with demonstrated increasing responsibility.
Excellent analytical skills, including well practiced experience with enterprise financial systems (e.g., PeopleSoft, Oracle, SAP) and a deep understanding how business processes are accomplished in such systems.
Internal Number: Requisition # 330800
About University of Minnesota
The University of Minnesota is both the state’s land-grant university, with a strong tradition of education and public service, and a major research institution, with faculty of national and international reputation. Its mission is to offer undergraduate, graduate, and professional instruction through the doctoral degree, and to be the primary state-supported academic institution for research and extension services. The University of Minnesota, founded in 1851, has five campuses (Twin Cities, Duluth, Morris, Crookston, and Rochester), research and outreach centers, and extension service offices throughout the state.