Drexel University
Associate Director of Financial Reporting
Edtech.com's Summary
- Oversees monthly consolidated financial statements and variance analysis
- Coordinates annual audits and manages timelines and communication with external auditors
- Reviews and approves audit workpapers and financial reporting deliverables
- Supports external reporting including regulatory filings such as Form 990 and 990-T
- Supervises Financial Reporting staff, including the Financial Reporting Manager
- Requires knowledge of GAAP, Hyperion, Banner ERP or Oracle OAS
- Advanced skills in Microsoft Office Suite, SQL, and Oracle databases
- Minimum bachelor’s degree in Business, Accounting, Finance, or equivalent experience with at least 5 years in higher education financial reporting
- Preferred CPA certification and experience in non-profit or university environments
- Compensation ranges from $99,720 to $149,580 annually depending on qualifications
Associate Director of Financial Reporting Full Description
Job Summary
The Associate Director of Financial Reporting is responsible for the day-to-day oversight of the Universityâs financial reporting function, including the preparation, review, and analysis of monthly consolidated financial statements for Drexel University and its subsidiaries.
Reporting to the Executive Director of Financial Reporting, the Associate Director serves as the operational lead for financial reporting activities, ensuring the accuracy, completeness, and timeliness of financial statements, supporting schedules, and audit deliverables. The position provides direct supervision and guidance to Financial Reporting staff and plays a key role in coordinating audit activities, evaluating complex accounting transactions, and maintaining strong internal controls.
The Associate Director works closely with General Accounting, Budget and Planning, and other finance units to ensure alignment of financial reporting activities and proper recording of transactions.
Essential Functions
- Oversees the preparation and review of monthly consolidated financial statements and related variance analysis.
- Ensures all reporting deliverables are completed accurately and in accordance with departmental timelines.
- Reviews and approves key workpapers and supporting schedules to ensure audit readiness.
- Oversees preparation of financial statements for special purpose entities.Â
- Serves as the primary coordinator of annual audits for Drexel University and its subsidiaries.
- Manages audit timelines, deliverables, and communication with external auditors.
- Ensures audit workpapers are complete, well-documented, and compliant with audit standards.
- Supports external reporting requirements, including Form 990, 990-T, and other regulatory filings.
- Evaluates and documents complex accounting transactions and related technical accounting positions.
- Reviews and contributes to accounting white papers to ensure appropriate financial statement presentation.
- Supports implementation of new accounting standards and changes in reporting requirements.
- Oversees the review and approval process for Chart of Accounts (FOAPAL) elements, ensuring proper structure and documentation.
- Works closely with General Accounting and Budget and Planning to resolve issues impacting financial statements.Â
- Coordinates with departments and business units to ensure accurate and timely financial reporting.
- Identifies and implements process improvements to enhance efficiency, accuracy, and internal controls.
- Develops and maintains financial reporting procedures and documentation.Â
- Ensures adherence to university-wide best practices and internal control standards.
- Provides direct supervision of Financial Reporting staff, including the Financial Reporting Manager; assigns work, reviews deliverables, and supports staff development and performance management.Â
- Other duties as assigned
Required Qualifications
- Minimum of a Bachelor's Degree in Business, Accounting or Finance or the equivalent combination of education and work experience. (Please review the Equivalency Chart for additional information.)
- Minimum of 5 years of experience in preparing consolidated financial statements for a higher education institution.
- Knowledge of GAAP
- Experience using Hyperion, Banner ERP or Oracle OAS
- Advanced knowledge of Microsoft Office Suite (Word, PowerPoint, Excel and Access)
- Knowledge of SQL and Oracle databases
- Excellent written and verbal communication skills
- Strong attention to detail skills
- Excellent technical and financial reporting abilities.
Preferred Qualifications
- Current CPA
- Experience working in a non-profit environment, specifically college or university.
Location
- Remote
Additional Information
This position is classified as Exempt, grade N. Compensation for this grade ranges from $99,720 - $ 149,580.00 per year. Please note that the offered rate for this position will vary based on the successful candidateâs qualifications and experience, department budget, and an internal equity review.
Applicants are encouraged to explore the Professional Staff salary structure and Compensation Guidelines & Policies for more details on Drexelâs compensation framework. For information about benefits, please review Drexelâs Benefits Brochure.
Special Instructions to the Applicant
Please make sure you upload your CV/resume and cover letter when submitting your application.
A review of applicants will begin once a suitable candidate pool is identified.
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