Logo of Huzzle

Home

Matches

Explore

Manage

ASSISTANT DIRECTOR, FINANCE

image

Duke University

11d ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Durham

AI generated summary

  • You need a bachelor's degree in accounting/finance, 7 years of finance/accounting management experience, CPA/MBA preferred, and strong leadership, communication, and organizational skills.
  • You will manage daily cash positions, oversee bank accounts, ensure regulatory compliance, analyze investment accounts, train staff, reconcile financial records, and improve processes for efficiency.

Requirements

  • Work requires knowledge of accounting principles acquired through a bachelor's degree in Accounting, Business Administration or Finance, or a directly related field. Advanced degree or professional certification (e.g. CPA, CTP) preferred. Experience with SAP preferred.
  • Work generally requires seven (7) years of experience in a financial accounting office with the ability to review, analyze and manage financial data of a complex and varied nature. Cash Management or banking experience desirable.
  • OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE
  • The Candidate Should:
  • be highly motivated with excellent organization, planning, and problem-solving skills
  • be capable of planning, performing, and monitoring work for extended periods of time without direct supervision
  • have outstanding oral and written communication skills
  • demonstrate the ability to interact seamlessly with a broad constituency in a tactful, collegial, and diplomatic manner
  • possess superior judgment
  • have proven leadership abilities
  • Bachelors degree in business, accounting, or finance or an equivalent combination of education and experience. Qualified candidate must be a CPA or have an equivalent professional qualification (i.e., Certified Management Accountant, Chartered Accountant.) or MBA.
  • Work requires a minimum of seven years of management experience in finance and/or accounting.

Responsibilities

  • Manage and direct the process of preparing the daily cash position in domestic and global bank accounts including the movement of funds, reporting, and problem resolution. This process involves overseeing non-routine wire requests, adjusting tables and macros to accommodate bank data, ensuring daily bank file feeds are complete, and communicating with key Duke Finance departments, DUHS Cash Management and DUMAC.
  • Serve as the primary contact for all banks, domestic and international 1) manage and coordinate the process of establishing or closing domestic and international bank accounts. 2) manage questions from banks about fraudulent activity 3) handle changes in signatories and updates in bank roles 4) investigate and implement new bank functionality 5) manage communication to Duke and DUHS bank account users re: instructions and/ or implementation of new services
  • Oversee the complex interdependencies of the banking system and adherence to internal policies and regulatory compliance with FINCEN, USA Patriot Act, NACHA, Bank Secrecy Act, etc. Plan, implement, and direct cash management activities and investment accounting procedures to ensure university records accurately reflect activity.
  • Analyze the Short-Term Investment Account (STA) and manage communication about the STA between Corporate Cash Management (CCM) and DUMAC, DUHS, and Endowment Administration. Identify STA trends and communicate trends to Duke University (DU) Financial Reporting and Duke University senior leadership. Analyze and record transactions for STA and Gift Pool from BNY Mellon investment statements.
  • Oversee the activity pertaining to the Employees’ Retirement Plan (ERP). Ensure the ERP transactions are accurately recorded. Partner with Duke Human Resources on unique retirement plan payments.
  • Train and mentor CCM staff members on activity relating to entrepreneurial assets, resolve questions with Office for Translation and Commercialization, DUMAC and legal counsel pertaining to investment assets derived from intellectual property and entrepreneurial activity.
  • Direct the reconciliation of securities, cash positions, cash pools, retirement statements and specific investments at various financial institutions with the university's accounting records.
  • Review and approve reports and analysis for external auditors and for use in the preparation of the university and DUHS financial statements.
  • Supervise the level 14 Senior Cash Analyst and the level 12 Cash Analyst, ensuring accurate completion of daily and monthly responsibilities. Develop plans for personnel training and exposure to information managed by various Duke Finance departments.
  • Foster an environment of continuous improvement. Review key work processes regularly to identify opportunities to automate or streamline work to improve accuracy and timeliness of services delivered to Duke departments and Duke colleagues.

FAQs

What is the primary focus of the Assistant Director, Finance position at Duke University?

The primary focus is on providing operational expertise in corporate cash management, international and domestic banking, and overseeing complex financial processes related to the University and Duke University Health System.

What educational qualifications are required for the Assistant Director, Finance position?

A bachelor's degree in Accounting, Business Administration, Finance, or a directly related field is required, along with a CPA, MBA, or equivalent professional qualification preferred.

How many years of experience are required for this position?

This position requires a minimum of seven years of management experience in finance and/or accounting.

What software experience is preferred for applicants?

Experience with SAP is preferred for applicants.

What are some key responsibilities of the Assistant Director, Finance?

Key responsibilities include managing daily cash positions, serving as the primary bank contact, overseeing regulatory compliance, analyzing investment accounts, and supervising finance staff.

What skills are essential for the Assistant Director, Finance role?

Essential skills include excellent organization, planning, problem-solving abilities, outstanding oral and written communication, superior judgment, and proven leadership abilities.

Will the Assistant Director, Finance supervise any staff?

Yes, the Assistant Director will supervise a Senior Cash Analyst and a Cash Analyst, ensuring the accurate completion of daily and monthly responsibilities.

Is there an emphasis on continuous improvement in the role?

Yes, fostering an environment of continuous improvement and reviewing key work processes to identify opportunities for automation or streamlining is emphasized.

What is the anticipated pay range for this position?

The anticipated pay range is between USD $88,115.00 to USD $176,229.00, depending on factors such as experience, education, and responsibilities.

Is Duke University an equal opportunity employer?

Yes, Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunities without regard to age, color, disability, gender, and other factors.

image

Duke University

Fueled by creativity, informed by scholarship

Education
Industry
1-10
Employees
1924
Founded Year

Mission & Purpose

Duke University is a leading academic institution dedicated to excellence in education, research, and community service. Their ultimate mission is to advance knowledge and develop leaders who can make a positive impact on society. Duke University aims to provide a transformative educational experience, fostering intellectual growth, critical thinking, and ethical leadership. By integrating rigorous academics with a commitment to social responsibility, Duke seeks to contribute to the global community and address pressing challenges through innovation and collaboration.