Director, Capital, Plant, and Project Accounting

Director, General Accounting

The Director, General Accounting reports to the Controller, and is responsible for managing the accounting and financial reporting of the University's capital assets, debt, and equipment. This position plays a key role in compliance with applicable accounting standards and policies. With oversight of more than $2 billion in net property, plant, and equipment, $150 million in annual capital spending, and over $500 million in debt and capital leases, the Director performs advanced-level accounting and financial tasks. This role leads the capital asset team to ensure timely reconciliation of project data, compliance with University and USM policies, and adherence to accounting standards such as GAAP, GASB, GASB 87, and GASB 96. Key responsibilities include managing the asset lifecycle (additions, disposals, donations), coordinating physical inventories, and maintaining the integrity of the University's capital and fixed asset records. This individual must be able to lead and motivate staff, resolve complex financial and operational issues, and communicate effectively with all levels of university administration and external partners. The Director collaborates closely with Facilities Management, the University Budget Office, and other campus departments to ensure accurate project setup, budget tracking, and spending oversight. The position monitors gift fund activity, identifies and resolves project deficits, and ensures timely and accurate reporting for both internal stakeholders and external auditors. In addition, this position plays a strategic role in the preparation of annual capital forecasts, financial statement reporting, and audit support. The Director will contribute to policy development and recommend procedures that promote financial stability and effective capital management. They will also support debt analysis and long-term capital forecasting in coordination with the Chief Financial Officer (CFO), Controller, and senior leadership.