Director of Financial Services

Tennessee Board of Regents • Morristown, TN

5d • $77,247 - $96,561 • Hybrid

About The Position

Provides strategic leadership and oversight of the institution’s financial operations, including accounting, financial reporting, budget administration, accounts payable, and related fiscal services. Ensures compliance with institutional policies, Tennessee Board of Regents (TBR) requirements, state and federal laws and regulations, and Generally Accepted Accounting Principles (GAAP). Directs financial planning, budget development, internal controls, audit coordination, and financial systems administration to safeguard institutional resources and support operational effectiveness. Supervises financial services personnel and serves as a key advisor to executive leadership by providing financial analysis, forecasting, and recommendations that support informed decision-making and the achievement of the institution’s strategic and financial objectives.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a closely related field
• 7–11 years’ experience in accounting, budgeting, financial management, or related fiscal operations

Nice To Haves

• Master's degree in Accounting, Finance, Business Administration, or related field
• 3–5 years in a supervisory or management role over accounting, finance, or business office functions
• Certified Public Accountant (CPA)
• Experience in higher education finance or a Tennessee Board of Regents (TBR) institution
• Experience with ERP financial systems
• Experience with governmental accounting standards (GASB) and federal grant compliance requirements

Responsibilities

• Directs the development and administration of the Institution's annual operating budget in consultation with the Assistant Vice President by collaborating with the budget committee and institutional leadership; coordinating the budget development process; monitoring departmental budgets; analyzing revenues and expenditures; preparing financial forecasts, projections, and budget revisions; completing required budget analyses and variance explanations; ensuring budget accuracy and balance; compiling and distributing budget reports; providing guidance and recommendations to the Assistant Vice President and budget managers; and delivering budget training and support to ensure sound fiscal stewardship and informed financial decision-making.
• Directs and oversees the Institution's accounting and accounts payable operations by reviewing and approving daily, month-end, and fiscal year-end accounting transactions and journal entries; overseeing check requests without purchase orders, wire transfers, ACH payments, and banking activities; establishing and maintaining effective internal controls; and ensuring compliance with institutional, TBR, and applicable financial and procurement policies and procedures.
• Directs the Institution's financial reporting functions by coordinating fiscal year-end closing activities; overseeing the preparation of financial statements, notes, and supporting schedules in accordance with Generally Accepted Accounting Principles (GAAP); reviewing financial information for accuracy and completeness; coordinating external audit requests and responses; and ensuring compliance with applicable accounting standards, reporting requirements, and regulatory mandates.
• Provides leadership and supervision to financial services personnel, including accounts payable, financial accounting, and grant accounting staff, by establishing performance expectations and departmental goals; assigning and monitoring work activities; evaluating employee performance; providing coaching, training, and professional development opportunities; and promoting efficient, accurate, and compliant financial operations.
• Provides oversight of institutional grant accounting and budgeting activities by ensuring compliance with sponsor, state, federal, and institutional requirements; supporting the timely preparation and submission of required financial reports; monitoring grant expenditures and financial activity; and collaborating with grant accounting personnel and program managers in the development, administration, and monitoring of grant proposal budgets.
• Serves as the Institution's procurement card and prepaid debit card program administrator by reviewing and approving card applications; establishing and maintaining program controls; providing training and guidance to cardholders and approvers; monitoring card activity and transactions for compliance; maintaining program records; and ensuring adherence to institutional and TBR policies and procedures.
• Coordinates the collection, analysis, and reporting of institutional financial data used to prepare the annual appropriation request for submission to the Tennessee Board of Regents (TBR) and the Tennessee Higher Education Commission (THEC); compiles financial information for institutional reporting; and prepares required reports for executive leadership, management, and external agencies.
• Directs the administration of financial systems and reporting tools by serving as the functional liaison with the Institution's Information Technologies department; coordinating system upgrades, implementations, testing, and process improvements; resolving system issues; developing and enhancing financial reporting capabilities; and ensuring the accuracy, integrity, and security of financial data.
• May perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Director