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Compliance Officer

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Please see Special Instructions for more details.

IMPORTANT: In order to be considered as an applicant you must apply via the online application system, www.msudenver.edu. References refers to a list of three professional references and their contact information. Official transcripts will be required of the applicant selected for hire. This position will close at midnight MST on the closing date.

Posting Details

Posting Details

Posting Number A00962
Position Title Compliance Officer
Position Number E 704
Salary for Announcement

The beginning of the salary range is $51,385. The final salary will be commensurate with education and experience.

Employee Category Administrators
Department Accounting Services
EClass Code Admin < FT with benefits
Position Summary

Within the Office of the Controller, Accounting Services, the Compliance Officer performs full professional accountant duties in applying accounting principles, techniques, methods, practices, rules and regulations in maintaining and reconciling the University’s financial records for the University’s bonds and tax obligations. This position serves as the School’s tax expert in the areas of non-resident aliens, unrelated business income, sales tax compliance, UBIT, 1099 reporting and international tax related rules and regulations, as well as bond compliance, and private use restrictions. Additionally, it develops, implements and maintains a tax and bond compliance program for the School.

Metropolitan State University of Denver is an equal opportunity employer.

Duties/Responsibilities

20% Prepares and submits all federal, state and local Sales and Use Tax returns, UBIT, and Withholding tax of foreign person returns for the University. Oversees the University-wide effort to identify taxable transactions. Must research, understand and interpret tax law. Assists the campus in mitigating tax risk exposures and develops tax related policies and procedures. Serves as the point of contact and provides guidance to University departments in the interpretation of sales and use tax and withholding tax processing requirements. Communicates with taxing authorities on behalf of the University, as necessary. The Compliance Officer will explain regulations, computations and procedures to external auditors on items specific to tax compliance and bonds.

The Compliance Officer is responsible for quarterly Sales & Use Tax Returns for the University. Monthly examination of all revenue and proper correction of tax liability is required, as well as reconciling the tax liability accounts. Excellent customer service skills are required with all departments and student clubs. Providing education of tax requirements to campus departments is required. Provides new sales tax rates and policies as needed to other department staff to be uploaded to the Controller’s webpage. Ensures sales tax licenses are maintained and current.

20% The Compliance Officer is also responsible for reviewing and reconciling the University’s bond obligations to the General Ledger, submitting all necessary federal forms to receive interest rate subsidies, preparing and submitting all check requests to pay bond principle and interest obligations. Request and post all internal transfers as they relate to the bond payments. Maintain continuing disclosure compliance through timely submission of all required documents to various entities including but not limited to DacBond. Monitor private business use of tax exempted bond financed facilities to ensure tax exempt status is maintained. Ensure the University remains in compliance with bond proceed spending and investment requirements/limitations. Process accruals for bond interest (and subsidies) and fund transfers to cover all bond payments. Serve as point of contact for Budget Office as it pertains to Bond subsidy calculations. Act as initial contact with bond counsel for completion of working drafts for new issuance of bonds. Monitor IRS communication for the Tax Exempt Bond Community. Monitor the market in conjunction with the terms of existing debt to recommend refinancing opportunities. Write and implement new procedures as necessary for additional bonds, while ensuring we remain in compliance with the University’s debt management policy. Maintain overall compliance of bond issuances. Work with bond council on scheduling arbitrage calculations.

15% The Compliance Officer issues all the University’s IRS 1099 forms and reports to all appropriate regulatory bodies. In relation to issuing the 1099s monthly reviews are conducted on Accounts Payable payments to ensure vendors and payments are coded correctly, while making changes when necessary. Additionally, manual tracking is required of all gifts to ensure all necessary 1099s are issued. Ensures that 1099 reporting is accurate and in compliance with applicable laws and regulations. Recommends and implements additional procedures as needed for compliance.

15% The Compliance Officer reviews all requests for establishing new vendors, which includes, but is not limited to ensuring all appropriate IRS forms are completed, i.e. W-9, W8-Ben, etc, completes all TIN matches, and ensures that all verifications have been done for sanctioned and debarred status. This position then sets up the new vendors in the University’s ERP, as well as updates vendor addresses, and sets up bank information for ACH payments.

10% Manages the University’s 415m retirement fund by initiating payment requests, processing related ledger entries and maintaining all related documents.
Conduct research projects as requested from departmental accounting managers, and analyze complex and diverse information. Design work flow and procedures for all related duties and responsibilities. Serve as back up to the Credit Card Administrator as it pertains to University credit card transactions review, credit card rebate analysis, issuing cards and managing card restrictions, etc.

10% The Compliance Officer is responsible for monitoring foreign payees as it relates to non-resident aliens as vendors, employees, and grant and scholarship recipients. Examination and review of payments is required to ensure proper withholding tax for federal and local agencies. Preparation and submission of all 1042s as tax is withheld. Annual filing of Withholding tax return for U.S. source income of foreign persons, Form 1042 is required. Continuing monitoring of new IRS regulations required.

5% The Compliance Officer reviews all University deposits against expense accounts and provides approval. Provides approval of FOAPALs for all new EMarket setups.

5% Other duties as assigned.

Required Qualifications

A bachelor’s degree in Accounting or related field or the equivalent education and related Accounting experience (one year of education is equivalent to two years of related Accounting experience)
• 1 year of experience with preparing and submitting sales tax returns, and doing tax research.
• 1 year of accounting experience.
• Experience researching and analyzing data and information to guide decisions, policies and /or procedures to maintain compliance with governmental agencies i.e. payments to foreign vendors, employees and scholarship recipients.
• Reconciling experience.
• Experience with Microsoft Excel.
The selected candidate must apply with the IRS and be granted access to verify TIN numbers.

Preferred Qualifications

• 1 year of Banner Finance system experience or related financial database system.
• Experience using Electronic Municipal Market Access (EMMA)
• Experience filing IRS forms needed to maintain compliance for reporting in the tax and bond area i.e. Form 8038, 1042 etc.
• Knowledge of bonds, continuing disclosure requirements and interest rate subsidies.
• Strong written and verbal communication skills.
• Experience conducting training or workshops.
• Experience writing detailed policies and procedures.

Posting date 02/09/2018
Closing date 02/22/2018
Closing Instructions Close on Closing Date
Special Instructions to Applicants

IMPORTANT: In order to be considered as an applicant you must apply via the online application system, www.msudenver.edu.

References refers to a list of three professional references and their contact information.

Official transcripts will be required of the applicant selected for hire.

This position will close at midnight MST on the closing date.

Applicant Documents

Required Documents
  1. Resume
  2. Cover Letter/Letter of Application
  3. References
Optional Documents

Supplemental Questions

Required fields are indicated with an asterisk (*).

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