Internal and Financial Controls Manager (Accountant)

Indiana University Bloomington; Bloomington (IN); Hybrid; USD 93,000 - 98,000; Full time

Benefits offered by this job

Health insurance

Tuition subsidy

Paid holidays

Generous paid time off

Employee assistance program

Job summary

Indiana University Bloomington seeks an experienced Internal Controls Manager to evaluate the university's internal control framework from a financial perspective and align with COSO guidance, supporting internal and external audits.

The role focuses on risk assessment across financial processes, identifying control gaps, developing new controls, and coordinating with Internal Audit and External Financial Reporting to strengthen the overall control environment at IU.

Qualifications

• Bachelor's degree in Accounting or related field.
• 7 years of relevant experience.
• CPA Indiana license or eligibility preferred.

Responsibilities

• Applies GAAP and develops complex accounting controls.
• Evaluates internal control framework and coordinates with audit teams.
• Prepares and interprets complex financial reports for management.
• Implements recommendations to improve operations and control environment.
• Serves as advisor on external consulting engagements and system integrations.

Skills

English proficiency

Communication skills

Professionalism

Time management

Quality mindset

Adaptability

Attention to detail

Initiative

Collaboration

Judgment & decisions

Project management

Numerical ability

IT proficiency

Excel skills

Ledger reconciliation

Accounts payable/receivable

Education

Bachelor's degree in Accounting

Tools

Excel

Job description

Department

OFFICE OF THE UNIVERSITY CONTR (UA-CTRO-IUBLA)

Department Information

The Office ofthe University Controller (UCO) provides leadership and guidance for financial compliance, systems, and services at Indiana University. We strive to be a leader in higher education by embracing financial best practices, continuous improvement and by creating a culture of respect, integrity, and collaboration. As an organization, we value knowledge and different perspectives from our people, and we are welcoming of people of different backgrounds.

Job Summary

The university follows the Committee of Sponsoring Organizations ofthe Treadway Commission (COSO) Internal Control IntegratedFramework for Risk Identification, Risk Analysis, RiskPrioritization, Control Evaluation, and Governance and Reporting.The Internal and Financial Controls Manager focuses on the evaluation of the university's internal control framework from a financial perspective while ensuring the university is evaluating and following the COSO framework to support the internal controlenvironment and the external audit.

Department‑Specific Responsibilities

• Utilizes Enterprise Risk Management (ERM) for financial riskacross UCO functional areas inclusive of Internal Controls reviewand gap analysis for items material to Financial Statements.
• Triages internal control documentation based on controlsassessments and performs deep dives into control gaps makingactionable recommendations for improvement. This includes properdesign of new controls and recommendations on existing controlsnecessary to mitigate the university's financial statementrisk.
• Identifies financial process areas or transactions wheredocumentation (process narratives) is required and works with thesubject matter experts in various University Administrative (UA),support, and campus functions to perform interviews andwalkthroughs, document, and advise on internal controls in keyprocess areas.
• Maintains existing process narratives and review annually insupport of the university's and external audit documentationrequirements.
• Coordinates and reviews annual sub-certification forms(including enhancements to the forms and process such as functionalarea/data feed attestations) and communicates findings andrecommendations to the University Controller in support of theuniversity's internal control environment and the externalaudit.
• Maintains the university's internal control policy under theCOSO framework and expands content of the internal controlsstandards (operational and financial) on the UCO website asneeded.
• Monitors and maintains the university's Fraud and FiscalMisconduct policy inclusive of development and consultation ontraining materials and annual attestations for the university underthe COSO framework.
• Partners with External Financial Reporting to ensure materialtransactions are properly documented, supported, and are inconformity with the university's internal control and financialreporting requirements (design monitoring controls specific tofinancial reporting processes).
• Develops best practice and maintains annual updates to theOffice of the University Controller's (UCO) Business ContinuityPlans.
• Partners with Internal Audit department to perform monitoringactivities related to certain transactional activities of theuniversity.
• Supports and participates in ad hoc internal control andfinancial reporting projects in support of the Office of theUniversity Controller's strategic initiatives.
• Evaluates risk exposure across various financial functions,identifies control gaps, and recommends new or enhanced controls tostrengthen the university's overall control environment.
• Partners with External Financial Reporting to monitor, access,and mitigate financial statement risks and serves as the primaryinternal control liaison for the external audit.
• Creates new standards, practices and tools related to internalcontrols and financial operating risk for the university.
• Serves as an advisor related to financial controls for externalconsulting engagements, integrations of subsidiary systems withexisting enterprise financial systems and future financial systemimplementations.
• Actively partners with Internal Audit to develop and overseevarious financial monitoring activities for the university.

General Responsibilities

• Applies Generally Accepted Accounting Principles (GAAP).
• Performs highly complex accounting assignments requiringadvanced professional experience, knowledge, and competency inGAAP.
• Develops and recommends complex accounting systems, methods,procedures, and controls to safeguard the organization'sassets.
• Prepares, reviews, and provides interpretation of highlycomplex reports and analyses for manager and officers.
• Implements recommendations for improved operations.
• Oversees specialized accounting assignments including thepreparation, analysis, and reporting of accounting transactions toensure the integrity of accounting records for completeness,accuracy, and compliance with all relevant regulations, laws, andreporting requirements.
• Provides guidance to lower-level accounting employees.

Qualifications

Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.

EDUCATION

Required

• Bachelor's degree in Accounting, or related field.

WORK EXPERIENCE

Required

• 7 years of relevant experience.

Preferred

• Public Accounting background in Audit Assurance and/orFinancial Reporting and Consolidations experience.

LICENSES AND CERTIFICATES

Required

• Certified Public Accountant (CPA) Indiana license or Indianalicense eligible.

Preferred

• Certified Fraud Examiner.

SKILLS

Required

• Proficient in English written and verbal communicationskills.
• Maintains a high degree of professionalism.
• Demonstrated time management and priority setting skills.
• Demonstrates a high commitment to quality.
• Possesses flexibility to work in a fast-paced, dynamicenvironment.
• Seeks to acquire knowledge in area of specialty.
• Highly thorough and dependable.
• Demonstrates a high level of accuracy, even underpressure.
• Possesses a high degree of initiative.Ability to influence internal and/or externalconstituents.Excellent collaboration and team building skills.Demonstrates excellent judgment and decision-makingskills.Demonstrated project management skills.Analytical ability and a high level of numericalcompetence.Proficiency in IT and advanced skill in using Excel to producefinancial reports.Ability to reconcile financial ledgers and process accountspayable/receivable.Organizational skills and ability to manage deadlines.High level of attention to detail and accuracy. Ability tocommunicate effectively.

  Working Conditions / Demands

  This role requires the ability to effectively communicate and tooperate a computer and other standard office productivityequipment. The position involves sedentary work as well as periodsof time moving around an office environment and the campus. Theperson in this role must be able to perform the essential functionswith or without an accommodation.

  Work Location

  Bloomington, Indiana

  This position is eligible for remote work or to work a hybridschedule (mix between remote and in-person work), subject to changein the future based on university policy and business needs.

  Advertised Salary

  $92,500 - $97,500 per year, based on experience

  Benefits Overview

  For full-time staff employees, Indiana University offers a widearray of benefits including:

  • Comprehensive medical and dental insurance
  • Health savings account with generous IU contributions
  • Healthcare and dependent care flexible spending accounts
  • Basic group life insurance paid by IU
  • Voluntary supplemental life, long-term disability, criticalillness, and supplemental accidental death & dismembermentinsurance
  • Base retirement plan with generous IU contributions, subject tovesting
  • Voluntary supplemental retirement plan options
  • Tuition subsidy for employees and family members taking IUcourses
  • 10 paid holidays plus a paid winter break each year
  • Generous paid time off plans
  • Paid leave for new parents and IU-sponsored volunteerevents
  • Employee assistance program (EAP)

  Learn more about our benefits by reviewing the IUBenefit Programs Brochure .

  Job Classification

  Career Level: Expert

  FLSA: Exempt

  Job Function: Finance

  Job Family: Accounting & Tax

  Click here to learn more about Indiana University's Job Framework.

  Posting Disclaimer

  This posting is scheduled to close at 11:59 pm EST on theadvertised Close Date. This posting may be closed at any time atthe discretion of the University, but will remain open for aminimum of 5 business days. To guarantee full consideration, pleasesubmit your application within 5 business days of the PostedDate.

  If you wish to include a cover letter, you may include it with yourresume when uploading attachments.

  Equal Employment Opportunity

  Indiana University is an equal opportunity employer and provider ofADA services and prohibits discrimination in hiring. See Indiana University Notice of Non-Discriminationhere which includes contact information

  Campus Safety and Security

  The Annual Security and Fire Safety Report, containing policystatements, crime and fire statistics for all Indiana Universitycampuses, is available online . You may also request aphysical copy by emailing IU Public Safety at [e-mail] or by visiting IUPD.