Director Financial Accounting and Reporting

Company: Oklahoma City Public Schools
Location: Oklahoma City
Posted on: March 29, 2025

Job Description:

Director Financial Accounting and Reporting JobID: 16771

• Date Posted:2/23/2025Director Financial Accounting and ReportingPosition Summary:The Financial Accounting and Reporting (FAR) Director reports to the Executive Director of Finance and is responsible for the General Obligation Bond accounting and reporting for both internal and external (Citizens Oversight Committee COC) parties. The FAR Director is also responsible for reviewing the District's monthly financial reporting and balance sheet reconciliations, ensuring documentation is sufficient and variances are resolved timely and using these reviews to expand or enhance current District policies, procedures and/or internal controls. Responsibilities also include fixed asset accounting and reporting, including year-end accounting entries, and ensuring that general ledger accounts and related cost accounting structure is maintained and period closing duties are performed to ensure timely and accurate reporting.The FAR Director also:
  • Reviews new charter school applications and provides financial monitoring of both Charter and Enterprise school activity as deemed necessary by the District.
  • In coordination with the Executive Director of Finance, will review and prepare implementation of new GASB standards as necessary.Essential Duties:
    • Oversees District sponsored charter school financial reporting, reviewing for compliance and financial stability.
    • Reviews new and renewal charter school applications for financial sustainability and reporting compliance.
    • Reviews all monthly balance sheet account reconciliations, escalating unusual, significantly aged, and/or high dollar reconciling items.
    • Prepares Estimate of Needs report to establish the Oklahoma County Assessor's property tax levy rates which provides funding for repayment of District GO bond debt.
    • Prepares General Obligation (GO) bond analysis and reporting including establishing SAP accounting structure for all new bond sales.
    • Establishes bond principal and interest encumbrances, and ensures timely and accurate payments.
    • Reports bond proceeds cash flow estimates to District Treasurer for investment planning. Monitors investment earnings to ensure arbitrage compliance.
    • Oversees fixed asset accounting by maintaining SAP fixed asset master data coding, ensuring complete and accurate recording of asset activity (adjustments/write-downs, acquisitions, in-kind donations, AUC, transfers, disposals/retirements) and reporting (e.g. fixed asset roll forward, etc.).
    • Oversees fixed asset inventory by developing and implementing fixed asset and perpetual inventory procedures, conducting periodic physical asset inventories including reconciliation to the general ledger and recording necessary adjustments.
    • Oversees general ledger accounting by creating and maintaining general ledger accounts and related cost accounting structure.
    • Ensures that the roles and responsibilities of the department are implemented in accordance with the District's policies and regulations, state statutes, and federal laws.
    • Maintains the department webpage and applicable components of School Finance webpage ensuring that they contain complete, accurate, and current procedures and instructions.
    • Develops and presents training related to department specific functions to all applicable district personnel.
    • Ensures complete and accurate department/desktop manuals are maintained in sufficient detail for training and backup purposes.
    • Remains current through self-study or sponsored professional development, keeping informed of business and financial laws, policies, and regulations affecting the business affairs of the District and monitors for adherence and compliance.
    • Shares responsibilities of other members of the department/division during peak periods or when there is an overload of duties, or fills in when an individual is away from the work station.
    • Identifies configuration changes within financial system which can enhance system functionality. Performs system testing for mandated/requested configuration maintenance and updates.
    • Identifies, recommends, and implements improvements to policies, regulations, and procedures to achieve maximum accuracy, efficiency and internal control.
    • Coordinates the department's activities of the annual financial audit.
    • Maintains responsibility for documentation, maintenance and completion of closing processes (monthly, quarterly or annually) to ensure accurate financial reporting in accordance with GAAP.
    • Prepares/reviews balance sheet reconciliations documenting identified variances and resolutions, escalating unforeseen variances as appropriate.
    • Prepares or reviews department monthly/quarterly/yearly financial statements and reporting for internal and external use.
    • Maintains responsibility for responses and analytical information as requested by management, external auditors, internal investigation teams or when issues are identified for further review.
    • Reviews and revises all department related Board of Education policies and regulations annually.
    • Maintains and develops positive relationships with external and internal customers and other departments.
    • Manages resources and technology to maximize efficiencies and savings.
    • Utilizes teamwork by working collaboratively with fellow employees and others to achieve identified goals and objectives.
    • Maintains confidentiality with all sensitive information.
    • Develops interpersonal relations by building productive rapport with employees at all levels within and outside the department.
    • Performs other duties as assigned.Minimum Qualifications (Knowledge, Skills and/or Abilities):
      • Bachelor's degree in accounting, finance or business administration with finance emphasis.
      • Ten (10) years of financial accounting experience including five (5) years of business or finance management.
      • Proven ability to lead and motivate team, seeing each team member's ability to succeed and mentoring them appropriately and addressing shortcomings appropriately.
      • Excellent verbal and written communication skills and the ability to interact professionally with diverse groups, executives, managers, and subject matter experts.
      • Expert Excel skills with the ability to create complex spreadsheets with minimal oversight.
      • Proven ability to conceptualize, as well as think independently and handle multiple projects through to completion.
      • Strategic planning experience that demonstrates success working collaboratively with key players in establishing goals, objectives and action plans to produce expected ends/results desired.
      • Experience with staff assignment; planning; workflow; training and coaching; performance management; evaluation; and recognition.
      • Strong organizational and interpersonal skills, self-motivated, with the ability to prioritize and delegate as necessary.
      • Willingness to pursue professional certification in area of expertise.Preferred Qualifications (Knowledge, Skills and/or Abilities):
        • GAAP and financial internal controls knowledge.
        • SAP software or other ERP software experience.
        • Public education or governmental experience.
        • OCAS (Oklahoma Cost Accounting System) knowledge.
        • CPA (Certified Public Accountant) or other industry related certification.Physical/Mental Requirements:
          • Must have adequate manual dexterity to write legibly and perform required duties on the computer.
          • Must have adequate visual acuity to read, interpret and transcribe written material and other required duties.
          • Requires normal range of hearing and clear speaking abilities to interact appropriately with others in person and on the telephone.
          • Requires some stooping, bending, stretching and occasional lifting not to exceed 25 pounds.
          • Sitting for prolonged periods of time.
          • Proficient in using technology for effective communication and program management.
          • May periodically require work outside of normal business hours, including weekends, under sometimes stressful conditions in order to meet business needs and strict deadlines.Reports To: Executive Director of FinanceFSLA Status: ExemptCompensation: Schedule 803Work Days: 242FTE: 8 hours per day
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Keywords: Oklahoma City Public Schools, Oklahoma City , Director Financial Accounting and Reporting, Accounting, Auditing , Oklahoma City, Oklahoma