Overview

Job Location:
Berklee College of Music – Boston

Job Description:

Reporting to the Vice President of Finance who reports to the Chief Financial Officer, and working in concert with senior administration and the audit and risk committee of the Board, the Controller is responsible for the leadership and management oversight of accounting, financial reporting, and financial internal control operations. The Controller ensures compliance with related state and federal regulations and provides strong leadership, effectively supervising staff and developing a high-performance team.

                       

Areas of oversight include: accounting; treasury services; financial reporting; tax compliance; management of internal and external audits; fixed assets and capitalization policies and processes 

and accounting for all gifts (endowed, restricted, unrestricted).  The Controller is responsible for the development and maintenance of sound internal control systems over financial operations.  

 

Works with executive staff and college departments to achieve continuous improvement in the institution’s financial practices and controls.  The Controller is a key role in proposing, designing and implementing control systems focused on full accountability in financial management and decision making, and supporting Berklee’s mission and strategic plan for the college’s growth and stability.

Essential Functions and Responsibilities:
 

Financial Management

  • Ensures that the College’s annual financial statements are prepared in accordance with generally accepted accounting principles (GAAP) under US accounting regulations.

  • Ensures that annual financial statements for all of Berklee’s divisions are prepared in accordance with GAAP with separate financial statements prepared in accordance with all applicable regulations of the locality where the subsidiary operates.

  • Ensure that all books and records of the College are maintained as required for reporting under all applicable accounting and statutory rules and regulations, including foreign regulations where applicable.

  • Ensures the implementation of practices that meet evolving standards within the financial and higher education industries.

  • Ensure timely and complete financial reporting throughout the year.

  • Partner with Vice President of Finance and Senior Director of Budget on development of the College cost allocation model and incorporation into financial reporting.

  • Continuously review, develop and test internal controls and available technology in order to improve the efficiency and the accuracy and effectiveness  of financial operations.

  • Responsible for compliance and reporting for all college indebtedness including disclosures and filings, proceeds tracking, calculations of business use, and covenants.

  • In close collaboration with the Office of Budget and Strategic Financial Planning, work with Berklee departments to identify and evaluate operations with financial impact.

  • Identify potential opportunities for improved efficiency and/or strengthened financial controls and assist the department directors to implement corrective processes and procedures, as needed.

  • Work in close collaboration with the Senior Director of Budget to ensure proper budget allocations, as well as reporting accuracy and consistency between actual and budgeted financial statements.

  • Work closely with the CFO, the Chief Information Officer and VP for Finance to ensure effective use of Workday Finance module and reporting capabilities and to implement updates and enhancements, as needed.

  • Ensure unclaimed property is reported to the Commonwealth of MA including the financial reporting required on the Federal IPEDS Form.   Completes Form 3ABC and submits required documentation to the City of Boston. 

  • Keep up to date on state, federal and local regulations and requirements.

Audit & Tax

  • Coordinate all aspects of the College’s annual year-end audits including the financial results, Pension Plan, 403b Retirement Savings Plan, OMB circular A-133 Federal Aid, and Massachusetts Financial Aid.  

  • In collaboration with the CFO, manage the relationship with the College’s independent auditors.  

  • Coordinate all aspects of the College’s ongoing internal audit function with the Director of Internal Audit at The Boston Consortium, including developing the annual internal audit plan for presentation and approval from the board’s Audit and Risk Committee and managing the audit’s implementation College-wide.

  • Coordinate preparation of the annual IRS Form 990 tax return and work with the external tax advisors in completing the Federal and State Forms 990-T and MA Form PC.  Prepare the annual IRS Form 9022 Foreign Bank Account return.  Review and adjust College policy appropriately for changes in the IRS Tax code. 

  • Advise management on tax issues.

  • Ensure appropriate response and follow up to any issues noted by external or internal auditors.

Treasury

  • Responsible for Cash Management including working closely with various banks on cash management issues, monitoring cash flow, monitoring potential fraud issues

  • Responsible for ensuring the availability of cash for daily operations and the investment of excess funds in short term instruments

  • Overseeing the purchase of foreign currency and related hedging vehicles, transferring money between college accounts as well as to non Berklee accounts.  

Leadership & Management:

  • Directly manage Director of Accounting, Assistant Director of Accounting, Director of Payroll, Accounts Payable Manager; provide overall supervision to staff of thirteen.

  • Ability to enforce controls and discuss compliance recommendations using appropriate degree of professional discretion and tone.

  • High degree of responsiveness to reporting staff as well as top management. 

  • Collaborates closely with the Sr. Director of Budget and Strategic Financial Planning under the guidance of the Vice President for Finance.

  • Demonstrates high level of enthusiasm and commitment to shared, cross-departmental and cross-divisional initiatives and goals; encourages others to respond similarly.

  • Consistently models a collaborative approach and demonstrates respect for others in all interactions.

  • Collaborates with colleagues at all levels throughout the institution in the pursuit of common mission, vision, values, and goals.

  • Places team needs and priorities above individual needs.

  • Involves others and is informed by others in making decisions that affect them.

  • Draws on the strengths and expertise of colleagues and gives credit to others’ contributions and achievements.

  • Develop and execute the vision for Accounting, including identifying process improvements and staff development opportunities.

  • Foster a cooperative, service-oriented work environment

  • Advise management on all matters affecting accounting, tax, financial and internal controls policy. 

  • Provide advice and support to faculty and staff on College financial systems including training as appropriate.

  • Provide guidance and consultation to management and staff at all levels across the organization on matters of internal controls, operating efficiencies and process improvement initiatives related to Berklee’s financial operations.

  • Provide support and guidance to Berklee’s financial risk management processes.

  • Provide support and performs other duties as requested by VP for Finance and CFO.

Knowledge, Skills & Abilities Required:

  • Bachelor’s degree with major in Business Management or Accounting or related field.  MA in Accounting or MBA preferred. 

  • Current CPA designation preferred.

  • Ten or more years of progressive accounting experience, including five years of supervisory experience. 

  • Experience within a higher education or non-profit environment desirable.

  • Strong technical knowledge in Fund Accounting, GAAP, GASB & FASB pronouncements and related IRS regulations.

  • Experience with an integrated ERP System required; Workday experience preferred.

  • Risk management experience is desirable.

  • Proven ability to affect and influence change through a collaborative and inclusive style.

  • Excellent communication and presentation skills.

  • Ability to juggle competing priorities in a fluid and results-oriented environment

This document does not create an employment contract, implied or otherwise, other than an “at will” employment relationship.

 

Diversity, Equity, Inclusion & Equal Employment Opportunity at Berklee: 

We support an inclusive workplace where everyone excels based on personal merit, qualifications, experience, ability, and job performance.  Berklee affirms that inequality is detrimental to our faculty, staff, students, and the communities we serve. Our goal is to make lasting change through our actions. Berklee is committed to providing fair and equitable consideration of all employees and applicants without regard to race, color, religion, ancestry, age, national origin, place of birth, gender, sexual orientation, gender identity or expression, disability, genetic information, or status as a member of the armed forces or veteran of the armed forces, or any other category protected by federal, state, or local law.

As part of this commitment, Berklee will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Team at [email protected] or call 617-747-2375.

Berklee is committed to increasing the diversity of our institution, community, and the curriculum. Candidates who can contribute to that goal are encouraged to apply and to identify their strengths in this area.

*Currently enrolled Berklee students are not permitted to apply for staff or faculty positions.*

Employee Type:

Executive