Manager of Financial Reporting

Job Summary

The Financial Reporting Manager is responsible for the preparation and analysis of the monthly consolidated financial statements for Drexel University and its subsidiaries. The position is responsible for the stand-alone financial statements for special purpose entities (11th Street Family Health Services, 1200 Chestnut St, 3509 Spring Garden Entities etc.). The incumbent works directly for and with the Executive Director to ensure that the financial statements are accurate and completed in accordance with departmental procedures. The position assists with the monthly analysis of monthly variances and assists in drafting detailed narratives. The position is responsible for the creation of new chart of account elements known as FOAPALs for all entities of the University utilizing the Banner ERP system. The position assists in the planning and completion of annual audits for Drexel University its subsidiaries, (including employee benefit audits, NCAA audit) and assistance with tax filings (IRS Form 990 and 990-T, and required surveys (IPEDS, PA State Appropriation). The Financial Reporting Manager utilizes Hyperion’s Brio Query Explorer or Open Automation Software (OAS) tools to generate the data that supports the financial statements. The position liaises with the various roles in the finance offices, particularly General Accounting and Budget and Planning Offices, to ensure continuous communication and ensure that topside entries are recorded in the appropriate period.

Essential Functions

• The Financial Reporting Manager is responsible for reviewing the documentation associated with creating a FOAPAL element in the Chart of Accounts. The position also establishes the appropriate finance security and liaises with Procurement Services on establishing role in Procurement System, and IT to set up Oracle IDs and WebFinance access. The position develops sound procedures for reviewing and establishment of elements of the chart and ensures that they are in line with the definitions tied to these elements to ensure accurate and versatile financial reporting. The incumbent asks appropriate questions related to submissions and sets up new chart elements within three business days of receipt.
• Works closely with the General Accounting and Budget and Planning Offices to ensure that operational issues are addressed that impact the financial statements.
• Responsible for preparing the monthly financial statements for the University in accordance with departmental procedures and assisting with the preparation of the financial statement variance analysis narrative.
• Assists in the preparation of the audited financial statements for Drexel Consolidated, special purpose entities, employee benefit plans, and NCAA …