Position
Director, Financial Reporting and Compliance 
Department
Business Office 
Starting Date
ASAP 
Starting Salary
$5771.42 Monthly w/ Benefits 
Job #
S047-22 
Budget Position #
AD1598 
Posted
03/04/2022 
Description

Reporting to the Controller, the Director of Financial Reporting and Compliance is responsible for promoting fiscal responsibility and ensuring compliance with applicable laws and regulations. The Director is responsible for the preparation and distribution of all periodic financial statements for internal and external use (monthly, quarterly, and annual) and ensuring that all financial statements, reports, and documentation comply with university and Texas Tech University System (TTUS) accounting policies and procedures, professional accounting standards for both GAAP and GASB.  The Director assists the Controller in the strategic planning, operation, and supervision of the department. 

 
Examples

Supports the Controller in preparing financial reports and analyses for decision-makers as well as the Texas Tech University System (TTUS) administration and Board of Regents.  Works closely with the Controller and Director of Budget & Management to develop, analyze, and present financial management information used for: analysis and forecasting, evaluation of academic program proposals, internal resource allocations, and to support sound executive decision-making. Serves as a resource and expert on accounting and governmental compliance issues and processes for cabinet members, deans, department chairs, budget managers, and faculty members. Responsible for financial related compliance matters and ensuring the timely periodic filing of all required financial statements and financial statement-based calculations (debt service coverage ratios, composite scores, etc.) with state and federal agencies, financial institutions, accrediting agencies and other entities. Collaborates with independent accountants, internal auditors and Business Office staff in managing the annual financial reporting process; prepares and/or reviews financial reports and schedules for accuracy and consistency and conducts a periodic review process with the Controller. Reviews, develops and implements internal controls and procedures in accordance with recommended nonprofit organization compliance with Sarbanes Oxley Act. Works collaboratively in meeting financial reporting requirements, addressing internal audit requests, and assisting with independent accountant reviews.  Reviews quarterly budget/financial reports to identify, research, and rectify financial discrepancies. Represents MSU Texas through the Texas Association of Senior State College and University Business Officers and other state committees and task forces. Leads special projects and assignments as requested. Serves as backup to the Controller and Accountant III / Grants Accountant, as appropriate, in their absence. Performs other job-related duties as assigned. 

 
Physical Condition

Regular computer keyboard, mouse, and monitor use. Repetitive arm, hand, finger motions. Typical work environment includes working at a desk for long periods of time.

Experience

At least five (5) years relevant full-time work experience required.  Higher education finance experience with knowledge of Texas state government budget procedures preferred. 

 
Knowledge

Strong knowledge of Generally Accepted Accounting Principles (GAAP); Governmental Accounting Standards Board (GASB) pronouncements and standards; Fund Accounting.  Proficient with the ability to use personal computer, advanced understanding of Microsoft Office Suite, analytical tools, and ERP systems, (e.g., Banner and other job-related databases and software).

 
Education

Bachelor’s degree required, preferably in Accounting, Business Administration, or Finance.  MBA or MS in accounting preferred.  CPA certification, or readiness to sit for the exam, highly desirable.

 
Additional Requirements

Requires the ability to work well with diverse populations and maintain positive working relationships with students, faculty, staff, and the community. Ability to communicate effectively orally and in writing. Ability to reason/analyze, research and resolve problems. Ability to maintain confidentiality, be attentive to details, and meet deadlines. Ability to show initiative, organize workflow, manage projects, and handle frequent interruptions. Ability to supervise, teach, and mentor others. Ability to work effectively as part of a team; and work independently with little supervision. Strong organizational skills including the ability to plan, prepare, and compile detailed data. Must maintain up-to-date technical knowledge of existing and new accounting guidelines as issued by the Governmental Accounting Standards Board, the Texas State Comptroller’s Office, the National Association of College and University Business Officers, and similar oversight agencies. May work long or irregular hours related to budget development or special projects. *Regular reliable attendance is required. *This position is designated as security sensitive (High) and requires a criminal background check.

 
AN EEO/ADAAA Compliance Employer

To apply, submit a state of Texas application, letter of application, resume and list of three references to the Human Resources Department at the address below

Midwestern State University
Human Resources Department
3410 Taft Boulevard
Wichita Falls, TX 76308
Phone: 940-397-4221
Fax: 940-397-4780
E-mail: human.resources@msutexas.edu

Click here to download your Texas application