Vice President of Accounting - Houston, United States - IDEA Public Schools

IDEA Public Schools

Verified Company

Houston, United States

3 days ago

Posted by:

Mark Lane

beBee recruiter

Description

Description
VP Accounting

Finance Department

Role Mission:
IDEA Public Schools is searching for a VP of Accounting.

The Finance Team strives to support the leadership at IDEA as we work together to meet and exceed our ambitious financial and student achievement goals.

The VP of Accounting will lead accounting, accounting operations, financial reporting, audit management, finance compliance and fiscal policy functions across all IDEA entities.

In doing so, the VP of Accounting will ensure the accuracy, completeness, and integrity of the company's financial records and reports.

Their mission is to facilitate the timely and accurate recording of financial results, compliant use of revenue streams, timely access to revenue sources, and strong audit results through a continuous focus on compliance across all finance and IDEA teams.

Reporting to the Chief Financial Officer of IDEA Public Schools, the VP of Accounting will play a critical role ensuring the Finance Team is equipped with the resources necessary to maintain compliance in alignment with local, state and federal requirements and achieve our shared mission of ensuring IDEA Public Schools students get to and through college.

Supervisory Responsibilities:

The VP of Accounting will supervise up to six direct reports overseeing functions such as Procurement, Accounts Payable, Corporate Card Services, Finance Services and Development, Accounting and Audit.

Location:

Travel Expectations:
Up to 30% of the time during the busiest parts of the year

What You'll Do - Accountabilities

In this role you will:

Ensure compliance with federal, state and local financial law, policy and procedure
Own the development and revision process for finance policies across legal entities in partnership with the Board Governance and Relations team, general counsel and external legal counsel across entities
Design and implement a robust feedback process to gain insight into the impact of policy changes across teams prior to recommendations being made to fiduciary boards
Partner closely with the Internal Audit and Finance Teams to ensure internal audits are supported by the Finance Team
Ensure internal audit results are distributed and understood by internal and external parties
Provide accurate and timely Monthly Financial Reports by the 8th business day across all entities
Review and approve all financial statements and ancillary reporting prior to internal and external distribution
Ensure the following are prepared, reviewed and approved: all journal entries, cash receipts, bank reconciliations, monthly and quarterly financial statements, regular and adhoc Board reports.
Ensure Statement of Financial Position reconciliations are completed on a monthly basis to ensure amounts are in compliance with Generally Accepted Accounting Principles and Financial Accounting Standards Board. As well as to ensure that proper supporting documentation is provided.
Review Statement of Activity on a monthly basis to determine reasonableness of amounts, detect potential errors and analyze significant variances.
Review and approve month end financial reports prior to distribution to management and Board by the 10th business day.
Compile internal, external, debt compliance, finance committee and regional financial statements by the 16th business day.
Obtain an unqualified audit opinion on the annual financial statements and single audit each year for all entities on or before required deadlines
Efficiently and strategically manage the long term project planning required to implement concurrent audits across multiple entities
Ensure supporting IDEA team deliverables are clearly stated well in advance of audit engagement to alleviate delays in responses and strengthen business partnerships
Ensure trial balances are reasonably stated at June 30
Ensure financial statements are presented in accordance with generally accepted accounting principles for NotforProfit entities.
Appropriately inform management and Boards regarding audit progress and the completion of milestones
Meet all audit deadlines across entities, Board approved final reports distributed to authorizer or other required entities prior to entity deadlines
Provide financial information to external parties as well as those required by Federal and State guidelines.
Assist external accountants with the completion of the consolidated Form 990 by November 15th following the fiscal year end for each entity.
Prepare and report required financial information for the USDE, authorizers, donors, grantors and investors.
Ensure no reportable instances of material noncompliance in Financial Reporting and Compliance during the Annual Financial Audit for each entity.
Keep current on new and upcoming standards related to Financial Reporting and Compliance.
Attend continued professional education trainings related to Financial Reporting and Compliance.
Update local Financial Reporting Manu