Director, Assistant Controller

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Job Summary

Job Title: Director, Assistant Controller 
Date: October 2021 
Department: Finance 
Status: Full-time/Exempt 
Job Reports To: Chief Financial Officer & Managing Director, Administrative Services 

The Director, Assistant Controller manages the processes by which the financial operations, records, controls provide for accurate annual financial statement reporting for the association. Analyzes financial systems and procedures for maximum effectiveness. Prepares financial statements that follow all regulatory and accounting guidelines under the supervision of the Managing Director, Administrative Services. This position will be responsible for identifying and preventing discrepancies and helping set up control systems. 

An effective Director, Assistant Controller has good knowledge of accounting principles and must be an organized reliable professional with a great eye for detail and able to carry out tasks autonomously and collaboratively. The main focus of this position is to contribute to keeping the accounting and financial processes of Nacha up to standard and ensure accurate financial reporting and controls.

Responsibilities

Essential Functions/Core Responsibilities

  • Prepare and communicate monthly and annual financial statements
  • Oversee and manage the accounting & finance functions staff of the organization
  • Lead procedures in preparation for the annual audit
  • Oversee and supervise journal entries of revenue and expense accruals
  • Oversee invoice processing for both AP and AR, and reconcile accounts for the monthly or annual closing
  • Prepare and review monthly and weekly program sales reports, accounts receivable reports and billing reports, to ensure proper and timely revenue reporting
  • Prepare and review monthly operating and capital expense analysis reports
  • Review vendor invoices for reasonable business purpose, proper coding, prior to payment and review related procurement documents (purchase orders and contracts) prior to payment
  • Control and monitor the staff reimbursement workflow, reimbursement compliance, and processing through SAP-Concur Expense Management System
  • Lead in the administration of the Corporate Card program
  • Lead the maintenance of the fixed asset processing including overseeing the monthly tracking, depreciating, reporting, and projecting of fixed assets
  • Formulate internal controls and policies to comply with GAAP and established best practicesfor new programs
  • Develop new or adhoc reports for management or regulatory bodies
  • Participate and lead in cross-departmental projects as Accounting/Finance advisory
  • Assist in the preparation of budgets or forecasts
  • Utilize accounting IT system to facilitate processes and maintain records
  • Oversee the preparation and filing of year-end 1099's for both owners and vendors
  • Assist staff in resolution of operational issues and assure accurate recording of transactions and operating schedules maintained

Supervisory Responsibilities
This position will manage the AP staff and work closely with the AR staff.

Required Qualifications

Knowledge, Skills and Abilities

  • Proven experience as Assistant Controller, Finance/Accounting Manager, or other similar position
  • Solid knowledge of GAAP (Generally Accepted Accounting Principles) and regulations
  • Excellent knowledge of accounting and financial processes (budgeting, financial closure, reporting etc.)
  • Understanding of data analysis and forecasting
  • Working knowledge of MS Office, especially MS excel, and accounting software (e.g. Microsoft Dynamics - Great Plains)
  • Well-organized with ability to prioritize
  • Very good communication and interpersonal skills
  • Attention to detail and problem-solving ability
  • Proven ability to effectively coach and manage the team and projects in-person as well as virtually

Career Path:

The position of Director, Assistant Controller, offers growth opportunities commensurate with demonstrated and consistent performance to Senior Director, Controller.

Desired Additional Skills

Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear. This is largely a sedentary role; however, some filing and light lifting of boxes is required. This would require the ability to lift files/boxes, open filing cabinets and bend or stand on a stool as necessary.


Travel
Occasional business travel may be required.


Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Educational Requirements

Desired Education/Experience

  • BS/BA in accounting, finance or relevant field
  • Experience in the association industry is preferred but not required
  • 5-6 years’ experience in full cycle operational accounting and supervision of accounting staff required
  • Professional certification (e.g. CPA) is a plus
Application Process

If you would like to be a part of a dynamic team, please submit your cover letter and resume to NachaJobs@nacha.org.

About Nacha 

Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct  Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. 

Nearly 27 billion ACH payments were made in 2020, valued at close to $62 trillion. Through problem solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.

Nacha Core Values 
Nacha has had the distinct honor of being named one of the Best Places to Work in Virginia for three years in a row. 

Being a team member of Nacha means adopting and living our Core Values. As the problem solvers  and consensus builders who enable payments to securely reach virtually every American, WE ACHieve  success through teamwork, commitment and innovative thinking. 

To join Nacha is to exemplify our Core Values by: not sitting on the sidelines but being doers. We don’t shy away from tough problems or long odds — we do what is right, which may not be easy. We foster curiosity and embrace learning to broaden our expertise. We are each great, but together we are better and foster a respectful, diverse and inclusive work culture. And finally, we don’t take ourselves too seriously. We bring our ‘A’ game and still have fun. We celebrate successes and have a friendly and fun work environment.

Nacha provides a competitive, comprehensive benefits package to include: Medical, Dental, Vision, Life insurance, Short- and Long-term Disability, FSA, HSA, 401k with Match, VAC/SICK/HOL, Wellness  Reimbursement and promotes a culture that encourages learning and professional development. 


Nacha is an Equal Opportunity Employer and provides equal employment opportunities to all employees and applicants  for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.