Director of Accounting, Reporting, & Compliance
The Director of Accounting, Reporting, & Compliance is a key member of the SPS Finance team and is responsible for Summit’s accounting operations. Reporting to the Chief Financial Officer and Controller, this position will provide leadership and expertise for the Finance team in the areas of technical and complex accounting policies and guidelines, and ensure compliance with continuing disclosure covenants related to Summit’s recent bond offering (which currently include technical issues surrounding areas of revenue recognition, lease accounting, deferred maintenance and depreciation of fixed assets). In addition to these immediate topics, the position will be responsible for any and all technical accounting issues, accounting policies, and audit preparedness.
Who We Are:
What if all students graduated high school with not only content knowledge, but the habits and skills to successfully navigate college and career, with a sense of purpose to anchor them? This is the question at the core of Summit Public Schools. Summit is a public school system serving heterogeneous communities in the Bay Area and Washington State and operate 11 schools serving over 3,600 students.
We share our personalized approach to teaching and learning for free through Summit Learning, with more than 330 partner schools across the country. Summit Learning forms the foundation on which Summit’s successful schools were built, with our schools consistently ranking among the best in the nation.
Are you looking for the opportunity to lead change? Do you want to help reimagine what schools should be? We put students in the driver’s seat and empower them with the skills and habits they need to be successful in college and life. We need diverse, driven, and dynamic talent to join our growing team to help realize our educational vision.
What You’ll Do:
- Monitor use of proceeds of outstanding bonds and security and sources of payments for outstanding bonds to ensure compliance with covenants in bond documents
- Ensure compliance with continuing disclosure documents
- Administer procedures for post-issuance compliance, including record retention, preparation, and maintenance of quarterly and annual reports required by bond documents and Securities Exchange Commission Rule 15c2-12.
- Consult with internal staff, including the finance and real estate teams, and external consultants, including underwriters, legal counsel, and arbitrage rebate analysts, to the extent necessary to carry out compliance procedures.
- Ensure financial reporting documents are prepared and ready for external and internal reporting based on published due dates.
- Serve as accounting technical expert to finance and other teams.
- Maintain financial records according to GAAP. Stay up to date on changes to GAAP.
- Assist Controller and Director of Finance in monthly and quarterly closings and preparation of supporting schedules. Review essential work-papers needed for periodic closes.
- Monitor cash position versus budget, and forecast cash demands.
- Assist Controller and Director of Finance with coordination of annual financial audits and overseeing all 990 reports.
- Review reconciliations for complex transactions, and provide support and development of new accounting procedures to support new organization growth demands.
- Ensuring timely receipt of funds from local, state, and federal sources. Reconciling accounts receivable.
- Review monthly inter-company transfers, monthly accruals, and balance sheet at end of month close.
- Financial reporting including statement of activities, balance sheet, fund balance, and cash forecasts to all stakeholders, including philanthropy partners, board and district authorizers.
- Facilitate the generation of periodic financial reports including board committee reports and programmatic reports where applicable.
- Assist Controller and Director of Finance in performing process evaluation and improvement of general accounting, accounts payable and cash disbursement procedures.
- Assist in systems implementation and vendor relationship management.
What You Need:
Key Qualities and Skills
- Commitment to uphold Summit’s values, belief that all children deserve a rigorous and equitable education that prepares them for college and for life
- Bachelor’s Degree in accounting is required.
- At least 4 years experience in accounting/finance industry is required; non-profit, charter school finance or audit experience is strongly preferred.
- Experience with audit standards (GAAP, FASB, GASB, Federal A133 audits).
- Significant financial management experience, including SEC and/or bond reporting requirements.
- An active CPA license is required.
- Proficiency in Google Platforms, including Google Drive, Google Sheets, Google Docs, and Google Slides.
- Experience with Netsuite is preferred.
- Experience and fluency with accounting software programs is required.
- Prior experience in project management is strongly preferred.
- Clear health and background check.
Who You Are:
- You maintain high expectations for all students and believe all students can find success in school, college, and life.
- You thrive while collaborating and are excited to work with your colleagues. You find positivity in share successes.
- You have excellent transactional and business skills.
- You share our vision to reimagine what schools should be and are excited to make an impact on the public education landscape.
- You are positive and resilient in the face of big challenges.
- You take initiative and can work well independently.
- You possess strong communication skills, with the ability to collaborate with various stakeholders in and outside of Finance - this includes being able to easily gather information related to revenue, costs, and expenses.
- You have an ability to apply honest, actionable, and timely feedback that results in improved performance.
- You thrive in innovative environments and are comfortable with the flexibility and ambiguity that can come with a dynamic and progressive workplace.
- You’re committed to continuous improvement and professionalism, see feedback as a positive, and have a growth mindset.
What you get:
Summit offers competitive salaries and benefit options for full-time employees, including covering 75% of the health, dental and vision plan costs. We fully cover life and disability insurance. We have a “take what you need” PTO policy, 11 paid holidays and 3 weeks of organizational closure during the year.
We strive to recruit a diverse team. Summit Public Schools is an equal opportunity employer and does not discriminate against any employee or applicant on the basis of race, color, ethnicity, national origin, religion, gender, gender identity and/or expression, sexual orientation, disability, age, marital status, military status, pregnancy, parenthood, citizenship status, creed, or any other characteristic protected by federal, state or local law. Summit will provide reasonable accommodations for qualified individuals with disabilities.
People from all diverse backgrounds are strongly encouraged to apply.