Description

The University of Virginia's Finance organization seeks a Senior Director of Accounting and Financial Reporting. Collectively UVAFinance is responsible for accounting & financial reporting, payroll services, financial planning & analysis, procurement/ accounts payable, financial outreach & compliance, and treasury & risk management functions.

The UVAFinance team recently adopted a vision to become the valued and trusted financial partner that the University community turns to first. The Senior Director of Accounting and Financial Reporting is integral to achieving this vision; he/she will formally and informally lead teams that work across UVAFinance functional areas, stakeholders, technical experts, and/or consultants to implement process redesigns and system implementations that support the UVAFinance mission and vision. The Senior Director of Accounting and Financial Reportingmust represent the UVAFinance core values: to be (1) an impeccable source of information; (2) a collaborative partner; to provide (3) service excellence and (4) innovative action; and to lead (5) valued, high-performing teams.

The Senior Director of Accounting and Financial Reporting will be responsible for the University, Medical Center, and College at Wise financial statement consolidation for the external financial and compliance reporting process. This will also include planning and coordinating the annual external audit process, providing specialized and industry- specific guidance on accounting related issues to UVA senior leaders, proactively documenting and aligning accounting standards adoption as well as providing support to the accounting offices of the University and Medical Center on generally accepted accounting principles (GAAP) and Governmental Accounting Standards board (GASB) related issues. The role will report to the AVP of Financial Operations, who is ultimately responsible for the consolidated financial statements of the University.

Plan and coordinate the annual audit process for the University's consolidated financial statements and other required financial-oriented compliance reporting. This includes working with all financial offices of the University, College at Wise, and Medical Center.

Serve as the University's primary point of contact with the Commonwealth of Virginia's Auditor of Public Accounts (APA) for the University, Medical Center, and College at Wise to ensure effective communication among UVA staff, UVA internal audit, UVA Auditor of Public Accounts, as well as other key state agencies including but not limited to, the Department of Accounts.

Review and consolidate required footnotes to the consolidated external financial statements.

Review and prepare all management responses to external auditor comments and quarterly remediation reporting for the University, College at Wise, and Medical Center.

Prepare work schedules and other work papers in support of the University's GAAP and GASB financial statement consolidation and reports.

Develop deliverables and due dates for items needed by the University, Medical Center, and College at Wise in order to meet Department of Accounts and Code of Virginia requirements related to timely financial reporting and the Annual Comprehensive Financial Report.

Coordinate the review and publication process for the University's Consolidated and other GAAP financial statements, including quarterly statements for Board of Visitors.

Proactively assess implementation of GASB accounting standards and align documentation and submission as well as ensure associated business processes and policies are being addressed.

Engage and ensure management point owners address remediation as discussed with the Commonwealth, and partner with respective major areas such as Information Technology, Human Resources, Sponsored Research, Student Information Systems, and other departments to ensure efforts are being executed and report to leadership on progress and best practices.

Coordinate with Financial Reporting and Data Operations as well as University and Medical Center Accounting areas to improve and enhance financial data reporting techniques and related controls.

Develop new and provide an assessment on existing accounting procedures related to significant business processes that materially impact the consolidated financial statement preparation, including accounting journals, consolidation, intercompany accounting and eliminations, general ledger reconciliation, and more.

Conduct annual review of all assumptions used in codification from respective chart of accounts for external financial statement presentation and ensure all data is complete and accurate.

Review and verify all intercompany settlement and reconciliation processes among UVA Academic, UVA Physicians Group, and UVA Medical Center.

Responsible for monthly financial statement preparation and consolidation process in accordance with GAAP, including appropriate reconciling entries.

Perform quarterly flux analysis on all consolidated activities and evaluate and document other consolidated accounting inclusions and eliminations including balance sheet reconciliations, income statement variance, and ensuring integrity, standardization, and consistency of balance sheet, income statements, cashflow statement performance indicators, and other reporting to be shared with management.

Research software applications and additional tools to optimize and accelerate the compilation of financial statements in the future.

Compile and present historical data as requested by University administrators, officers, the Board of Visitors, and external agencies.

Assume responsibility for financial sections of all compliance reporting identified.

Provide specialized and industry-specific guidance to appropriate UVA personnel on issues related to external financial reporting, generally accepted accounting principles, and federal compliance and reporting requirements.

Maintain NACUBO Financial Accounting and Reporting (FARM) manual for use by appropriate accounting personnel.

Perform other related duties incidental to the work described herein.

PROFESSIONAL AND PERSONAL QUALIFICATIONS

Our shared values are paramount. Therefore, we seek a leader who is committed to:

Delivering accurate, consistent, and reliable information.

Providing excellent service and support to all stakeholders.

Creating innovative solutions and pursuing continuous improvement.

Building collaborative and trusted relationships.

Valuing and respecting colleagues.

Training, developing, rewarding, and recognizing teammates and valuing their diversity.

The ideal candidate will be an experienced accounting professional with proven leadership skills in a large, complex environment with the ability to develop effective policies, procedures, and programs within a large university setting. Given UVA's strong and collegial environment, it is essential that theSenior Director of Accounting and Financial Reporting lead with trust and transparency while providing forward-thinking strategic counsel to the university community. TheSenior Director of Accounting and Financial Reporting must be a strong communicator and collaborative team member who can establish strong working relationships with key internal and external stakeholders.

Navigating the entire enterprise of UVA, the successful candidate must have sound understanding of business alignment within departmental areas, coupled with strong leadership, and the ability to manage major deliverables in a compressed calendar. The Senior Director of Accounting and Financial Reportingwill have a successful track record that includes:

Bachelor's degree in accounting, business or related field combined with successful completion of certified public accountant status or an equivalent designation

Thorough knowledge of accounting, auditing, and external financial reporting principles, preferred experience in both Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) combined with generally accepted accounting principles (GAAP)

At least ten years of direct experience in public accounting or similar settings

At least five years of experience with Health System accounting or consolidation is preferred

Duties require applying complex accounting and external financial reporting principles, identifying and analyzing accounting and financial reporting questions, and developing solutions responsive to those inquiries

Strong interpersonal and project management skills are necessary

Ability to learn quickly and adapt to changing circumstances

Ability to appropriately guide, direct and manage multiple constituencies while engaging with senior management, executive leadership, and external agencies

Understanding of large Enterprise Resource Planning financial systems such as PeopleSoft and/or Workday Preferred

This position will remain open until filled.This is anExemptlevel, benefited position. This position will not sponsor applicants for work visas. The University will perform background checks on all new hires prior to employment. For questions about the position or the application process, please contact Daniel Strong, Senior Recruiter at das6zb@virginia.edu

How to Apply:

Applications that do not contain all of the required documents will not receive full consideration, please note that multiple documents can be uploaded in the box.

Process for External Applicants: Please apply through Workday , and search for 'R0043743'. Complete an application online and attach a cover letter, CV/resume, and contact information for three references (name, email address, telephone number, and address).

Process for Internal UVA Applicants: Please apply through your Workday Home page, search "Find Jobs," and search for 'R0043743.' Complete an application online and attach a cover letter, CV/resume, and contact information for three references (name, email address, telephone number, and address).

MINIMUM REQUIREMENTS

Education: Bachelor's degree in accounting, business or related field.

Experience:

Ten years of direct experience in public accounting or similar settings. Five years of experience with Health System accounting or consolidation is preferred.

Thorough knowledge of accounting, auditing, and external financial reporting principles, preferred experience in both Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) combined with generally accepted accounting principles (GAAP).

Duties require applying complex accounting and external financial reporting principles, identifying and analyzing accounting and financial reporting questions, and developing solutions responsive to those inquiries

Strong interpersonal and project management skills are necessary

Ability to learn quickly and adapt to changing circumstances

Ability to appropriately guide, direct and manage multiple constituencies while engaging with senior management, executive leadership, and external agencies

Understanding of large Enterprise Resource Planning financial systems such as PeopleSoft and/or Workday Preferred

Licensure: Successful completion of certified public accountant status or an equivalent designation.

PHYSICAL DEMANDS

This is primarily a sedentary job involving extensive use of desktop computers. The job does occasionally require traveling some distance to attend meetings, and programs.

COVID Vaccination Requirement and Guidelines

Please visit theUVA COVID-19 Job Requirements and Guidelineswebpage prior to applying for current information regarding vaccination requirementsandguidelines for employment at UVA.

The University of Virginia, i ncluding the UVA Health System which represents the UVA Medical Center, Schools of Medicine and Nursing, UVA Physician's Group and the Claude Moore Health Sciences Library, 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 or expression, marital status, national or ethnic origin, political affiliation, race, religion, sex (including pregnancy), sexual orientation, veteran status, and family medical or genetic information.