Financial Reporting Director directs and oversees the preparation and distribution of all periodic financial statements for external use. Ensures that reports, filings and documentation complies with company's regulations, professional standards, and SEC and GAAP reporting guidelines. Being a Financial Reporting Director confirms that entries, transactions, and accounts are accurately and properly consolidated and are included in internal and external financial statements. Advises management of trends and changes in reporting requirements and recommends best approach for any changes in reporting. Additionally, Financial Reporting Director may serve as a liaison with or oversee the work of external auditors. May direct the preparation of materials for board or shareholders. Requires a bachelor's degree of Accounting or Finance. Typically reports to top management. The Financial Reporting Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Financial Reporting Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
The State of New Hampshire, Department of Education, Division of Education Analytics & Resources & Bureau of School Finance has a full-time vacancy for a School Financial Reporting Administrator.
YOUR EXPERIENCE COUNTS - Under a recent change to the rules, an applicant's relevant experience now counts towards formal education degrees referenced below! See Per 405.1 .
18 Months of additional relevant experience = Associate's degree
36 Months of additional relevant experience = Bachelor's degree
54 Months of additional relevant experience = Master's degree
Scope of Work: To develop, monitor, and review the implementation of a uniform fund accounting and financial reporting system in accordance with governmental reporting practices for New Hampshire’s School funding structure of statewide educational system as required by the State Finance Longitudinal Data Systems Grant and administer the federal Financial State Longitudinal Data Systems Grant.
Accountabilities:
Plans the structuring and updating of the New Hampshire Financial Accounting Handbook for Local Education Agencies general ledger accounting system in compliance with recognized accounting practices including state and federal requirements.
Reviews financial statements and reports summarizing the reconciliation of fund and accounting balances with state treasurer records.
Prepares specialized financial reports and analyses as required or requested by superiors, Governor and Legislative committees, state, local and federal government reporting requirements and standards.
Prepares and updates New Hampshire Financial Accounting Handbook for Local Education Agencies manual for all K-12 educational intuitions in New Hampshire.
Reviews education accounting requirements for federal reporting and develops accounting systems for implementation.
Monitors the publication of annual and interim financial reports for the state as required by governmental reporting practices.
Administers the federal State Longitudinal Data Systems grant including coordination of the design, selection, evaluation, implementation and maintenance of a financial data collection and reporting system(s) used to collect school financial data from all local education agencies and assist with coordinating multi-platform database solutions to facilitate current and long-term application solutions for the Department of Education.
Oversee grant reporting including contracting, state, and federal reporting, budgets, and all other requirements.
MINIMUM QUALIFICATIONS:
FOR NON-CPA’S:
Education: Bachelor's degree from a recognized college or university with major study in accounting, business administration, economics, policy, or a related field. Each additional year of approved formal education may be substituted for one year of required work experience.
Experience: Six years' experience in financial accounting in either a private company or a government agency, including, but not limited to, responsibility for compiling financial statements with related note disclosures and maintaining general ledgers, including preparing entries and reconciliations, preparing audit schedules, grant accounting and or management or related field.
OR
FOR CPA’S:
Education: Certified Public Accountant (C.P.A.) current certificate with Bachelor's degree in accounting, business administration or a related field. Each additional year of approved formal education may be substituted for one year of required work experience.
Experience: Four years' experience in financial accounting in either a private company or a government agency, including, but not limited to, responsibility for compiling financial statements with related note disclosures and maintaining general ledgers, including preparing entries and reconciliations, preparing audit schedules, and exposure to auditing.
License/Certification: None required.
Disclaimer Statement : The supplemental job description lists the essential functions of the position and is not intended to include every job duty and responsibility specific to the position. An employee may be required to perform other related duties not listed on the supplemental job description provided that such duties are characteristic of that classification.
For further information please contact Mark Manganiello, Administrator, Mark.P.Manganiello@doe.nh.gov.
*TOTAL COMPENSATION INFORMATION
The State of NH total compensation package features an outstanding set of employee benefits, including:
HMO or POS Medical and Prescription Drug Benefits:
The actual value of State-paid health benefits is based on the employee's union status, and employee per pay period health benefit contributions will vary depending on the type of plan selected.
See this link for details on State-paid health benefits:
https://www.das.nh.gov/hr/benefits.aspx
Value of State's share of Employee's Retirement: 13.85% of pay
Other Benefits:
* Dental Plan at minimal cost for employees and their families ($500-$1800 value)
* Flexible Spending healthcare and childcare reimbursement accounts
*State defined benefit retirement plan and Deferred Compensation 457(b) plan
Total Compensation Statement Worksheet:
https://www.das.nh.gov/jobsearch/compensation-calculator.aspx
Want the specifics? Explore the Benefits of State Employment on our website:
https://www.das.nh.gov/hr/documents/BenefitBrochure.pdf
https://www.das.nh.gov/hr/index.aspx
EOE
TDD Access: Relay NH 1-800-735-2964
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