How daunting does this remote controller role sound?
There’s an opportunity available for around $155k, which would be a modest increase in salary, but I anticipate significantly more responsibilities.
This position has been described to me as very hands-on and deeply involved, requiring someone who can act as the “sole person” with “minimal supervision.”
Here are the key responsibilities:
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Develop and maintain a documented set of Accounting policies and procedures; implement controls to mitigate risks associated with Accounting transactions.
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Supervise the preparation of periodic financial reports, ensuring compliance with generally accepted Accounting principles (GAAP) or international financial reporting standards (IFRS).
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Collaborate with the President on annual budgets and forecasts; report any major discrepancies to management.
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Assist with external audits by providing necessary documentation and information.
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Ensure adherence to local, state, and federal regulatory requirements.
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Support the President in formulating and executing business strategies across finance and accounting in line with the Institute’s strategic objectives.
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Oversee the financial and accounting practices of the Institute, ensuring compliance with GAAP and managing all budgeting and financial reporting responsibilities, including project and indirect financial planning.
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Act as a steward for the Institute’s assets, ensuring that financial reporting aligns with control requirements; lead the development of internal financial controls.
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Build and maintain relationships with banks and financial institutions to ensure the Institute meets its capital requirements.
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Manage all federal, state, and local tax matters for the Institute, including tax reporting related to employee benefits.
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Aid the President in preparing performance reports for Board of Directors meetings and keep them informed of significant financial developments.
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Coordinate with other departments to establish and fulfill shared responsibilities.
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Oversee contracts with the outsourced accounting firm.
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Ensure timely completion of monthly journal entries and project reports.
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Manage bi-weekly payroll processing.
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Review and approve accounts payable and receivable vouchers and invoices.
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Take on additional tasks and responsibilities as assigned from time to time.
One response
This position definitely sounds like a heavy lift! While the salary of $155k might seem attractive, the scope of responsibilities outlined suggests a significant amount of work and accountability that could lead to job-related stress, especially as the sole person in charge.
The role is described as “very hands-on, in the weeds,” which usually translates to not only a wide range of tasks but also a lack of support, as you noted the expectation for “little to no supervision.” This can be a double-edged sword; while it may provide an opportunity to showcase your skills and autonomy, it can also be isolating and potentially overwhelming when issues arise.
If you thrive in fast-paced and high-responsibility environments and enjoy having a diverse set of tasks to tackle, this could be a rewarding challenge. However, it’s important to assess your own capacity for stress and whether you have a support system in place, both personally and professionally.
It might also be a good idea to clarify expectations with the President—what resources would be available, what the typical workload looks like, and how performance is evaluated. That way, you can make a more informed decision about whether this step up is worth the potential soul-crushing aspect you’re concerned about!