Position Details

Position Information

Recruitment/Posting Title	Senior Manager, Plant Funds and Lease Accounting
Job Category	Staff & Executive - Finance/Accounting/Purchasing
Department	Controller-Univ Accounting
Overview	Rutgers, The State University of New Jersey, stands among America’s highest-ranked, most diverse public research universities. The oldest, largest, and top-ranked public university in the New York/New Jersey metropolitan area, you’ll find us at our main locations in three New Jersey cities, and our footprint can be seen around the region. We’re an academic, health, and research powerhouse and a university of opportunity. As one of the largest employers in the State of New Jersey, Rutgers University is committed not only to the students and the State that we serve, but also to the faculty and staff who work on our campuses. Ranked in 2022 by Forbes as a top 100 best large employer in America, Rutgers’ commitment to its employees includes maintaining and fostering a safe, diverse, and respectful workplace environment, creating employment opportunities for our nation’s military veterans, and ensuring accessibility and accommodation for individuals with disabilities. University Finance and Administration (UFA) directs the financial management, planning, procurement, and strategic administrative systems initiatives for the University. The division’s efforts focus on implementing effective and customer-oriented business processes in order to improve services for the University’s constituents. Please visit https://finance.rutgers.edu/ .
Posting Summary	Rutgers, The State University of New Jersey is seeking a Senior Manager, Plant Funds & Lease Accounting for University Accounting within the University Controller’s Office. Reporting to the Associate Controller for University Accounting, the Senior Manager, Plant Funds & Lease Accounting is responsible for the oversight of the Plant Funds general accounting team, as well as, the accounting and financial reporting for University leases (property, equipment and IT software subscriptions) to ensure proper execution of operational accounting processes reporting for all General Ledger transactions and non-sponsored capital projects. Among the key duties of this position are the following: Manages the operations of the Plant Funds group, maintaining fiscal and accounting control over more than 600 projects contained in the University’s official general ledger and projects application in Oracle Cloud, including but not limited to capital construction projects (CIP accounts), fixed asset accounts and unexpended plant fund accounts. Ascertains that accounting/financial assistance is provided to all departments as it relates to Plant funds. Oversees the monitoring and obtaining of external funds, including borrowed funds and the cash management of unexpended and borrowed Plant funds, including billing and collection of construction costs reimbursable from the State and others, including borrowed funds from departments. Monitors funds advanced projects/initiatives and terms of repayment. Reviews grant agreements and other legal documents to determine University compliance with these agreements in regards to the funding of projects. Oversees the capitalization of tangible plant assets including land, land improvements, construction in progress, buildings, and gifts in kind. Oversees the proper recording of annual depreciation on all University capital assets. Works with the Director of Debt Management/Capital Finance on the recording of all debt related matters including General Obligation Bonds and Capital Leases in the General ledger and projects application and assists in the coordination of principal and interest payments. Also works with the Director on projects funded by the Internal Bank. Works closely with the Finance staff of Institutional Planning & Operations (IP&O) on opening new Plant/construction projects, the tracking of budgets, and funding sources for the said projects. Ensures that all University leases including subscription-based information technology arrangements (SBITAs) are properly accounted for and handles the financial reporting in accordance with Governmental Accounting Standards (GASB) No. 87 – Leases and GASB No. 96 – Subscription-based information technology arrangements , including: GASB Guidance, Policies & Procedures, Monthly Accounting & Reconciliation Activities, Reporting & Disclosures, Application Administration Support.
Position Status	Full Time
Hours Per Week
Daily Work Shift
Work Arrangement
FLSA	Exempt
Grade	09
Position Salary
Annual Minimum Salary	108116.000
Annual Mid Range Salary	136846.500
Annual Maximum Salary	165577.000
Standard Hours	37.50
Union Description	Admin Assembly (MPSC)
Payroll Designation	PeopleSoft
Benefits	Rutgers offers a comprehensive benefit program to eligible employees. For details, please go to http://uhr.rutgers.edu/benefits/benefits-overview . Rutgers also offers a benefit program to eligible full-time postdoctoral fellow students. For details, please go to https://finance.rutgers.edu/healthcare-risk/insurance/postdoctoral-health-insurance.
Seniority Unit
Terms of Appointment	Staff - 12 month
Position Pension Eligibility	ABP

Qualifications

Minimum Education and Experience	Bachelor’s Degree in accounting, finance, business administration, or related field. Seven years of related professional experience in a financial/accounting function in a leadership or managerial role of increasing responsibility.
Certifications/Licenses
Required Knowledge, Skills, and Abilities	Skills in planning and organizing, integrating information, making decisions, and attaining results; excellent communication skills; and computer literacy. Strong knowledge of US GAAP/GASB to ensure compliance and appropriate reporting. Knowledge of plant fund, capital asset, and/or lease accounting. Proven ability to work independently with good analytical and problem solving skills around accounting analytics and processes. High level of organization and ability to summarize conclusions and communicate complex business issues in a clear and concise manner. Excellent leadership skills and ability to supervise and manage a team of 3-4 individuals. Strong verbal, writing, interpersonal, organizational and analytical skills and the ability to function in a professional manner in a team environment. Demonstrated knowledge of how to accomplish superior performance in a unionized environment. Proficiency at using Microsoft’s suite of Office products. This includes spreadsheets, word processing and database applications.
Preferred Qualifications	Master’s Degree in Accounting/Finance. CPA. At least 7 to 10 years of progressively responsible accounting experience, including a mix of public accounting and industry backgrounds. Previous experience with administering lease accounting applications. Experience working with an ERP system, preferably Oracle Cloud, and/or Lease Accelerator System. Specialized knowledge of College and University Accounting.
Equipment Utilized	Accountants use Microsoft Excel, Word, and Access to prepare and submit journal entries and financial reports. Use of Lease Accelerator and EZ Lease applications, ORACLE Cloud general ledger and subledger, and Oracle Fixed Asset reports using Rutgers reporting tools to extract information from the financial data warehouse to be used in preparation of financial reports and disclosures. Analysis of information and processing of correcting journal entries using Excel Templates and the Oracle Base Application. Review and analyze the allowability of transactions using ORACLE Cloud general ledger and the financial data warehouse. Oracle Financial Management System
Physical Demands and Work Environment
Special Conditions

Posting Details

Posting Number	23ST0004
Posting Open Date	01/06/2023
Special Instructions to Applicants
Regional Campus	Rutgers University-New Brunswick
Home Location Campus	Off Campus
City	Piscataway
State	NJ
Location Details	33 Knightsbridge Road Piscataway, NJ

Pre-employment Screenings

All offers of employment are contingent upon successful completion of all pre-employment screenings.

Immunization Requirements

Under Policy 60.1.35 Immunization Policy for Rutgers Employees and Prospective Employees , Rutgers University requires all prospective employees to provide proof that they are fully vaccinated and have received a booster (where eligible) against COVID-19 prior to commencement of employment, unless the University has granted the individual a medical or religious exemption. Employees who are not eligible for a booster at the time of an offer of employment must provide proof they have received a booster upon eligibility and upload proof of same. Under Policy 100.3.1 Immunization Policy for Covered Individuals , if employment will commence during Flu Season, Rutgers University may require certain prospective employees to provide proof that they are vaccinated against Seasonal Influenza for the current Flu Season, unless the University has granted the individual a medical or religious exemption. Additional infection control and safety policies may apply. Prospective employees should speak with their hiring manager to determine which policies apply to the role or position for which they are applying. Failure to provide proof of vaccination for any required vaccines or obtain a medical or religious exemption from the University will result in rescission of a candidate’s offer of employment or disciplinary action up to and including termination.

Affirmative Action/Equal Employment Opportunity Statement

It is university policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, affectional or sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As an institution, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment. For additional information please see the Non-Discrimination Statement at the following web address: http://uhr.rutgers.edu/non-discrimination-statement