Assistant Controller

Decorah, Iowa
Salary commensurate with education and experience + benefits
22 Dec 2020
22 Jan 2021
Contract type
Full time

Applies Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) guidelines in executing, analyzing, verifying, and reporting transactions of a fiscal nature. Advises management regarding the effective use of resources and methods to maximize operational efficiency. Interprets, monitors, and administers policies and procedures to ensure compliance. Interacts with financial services staff to explain accounting policies and procedures and may serve as project leader on special projects.

  • Compiles and analyzes financial information to prepare entries to general ledger accounts documenting business transactions. Reviews financial transactions to ensure accordance with GAAP/FASB and applicable laws, rules, policies, and procedures.
  • Reconciles accounts, initiates corrective actions, and formulates and recommends system and process changes through evaluation, analysis of problems, and application of accounting theory.
  • Assists with establishing accounting procedures and internal controls to ensure compliance with accounting standards and best practices. Conducts studies and submits recommendations for improving the organization’s accounting operation.
  • Assists with financial statement preparation and performs year-end adjustments and reporting required for the annual financial statement audit. Annual audit responsibilities include:
    • Plant fund accounting, including capitalization and depreciation of College assets
    • Allocations of interest, operations and maintenance, and accretion to functional areas 
    • Pledge accounting, including present value calculations 
    • Preparation of confirmations of College assets and liabilities 
    • Compilation of statement of cash flows
  • Collects appropriate data and completes appropriate reporting requirements in conjunction with federal, state, local, and private awards, including preparation for the annual A-133 federal funds audit. 
  • Audits contracts with granting agencies and prepares reports to substantiate final accounting to the granting agencies. Requests cash draw down as appropriate. 
  • Oversees nonresident alien taxation and ensures compliance with IRS requirements, including the appropriate withholding and reporting of tax on payments to nonresident aliens. 
  • Supports the financial and administrative functions of subsidiary operations. Duties include:
    • Financial statement preparation 
    • Budget modeling 
    • Proposals for governmental awards and tax credits
  • Directly supervises the payroll function to ensure timely and accurate compensation payments and compliance with relevant federal and multiple-state tax regulations.
  • Directly supervises student accounts and is responsible for the accounts receivable functions of the college.
  • Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training; planning and assigning work; appraising performance; and addressing complaints.


  • Bachelor's degree in accounting, finance, or related field plus 4-5 years of accounting with managerial experience is required.
  • Non-profit accounting experience and CPA certificate is a plus.
  • Must have extensive knowledge of computerized financial accounting systems.
  • Proficiency in Microsoft Word, Excel, and PowerPoint is essential.
  • Demonstrated oral and written communication skills are also required.