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Business Manager

Job in Mankato, Blue Earth County, Minnesota, 56006, USA
Listing for: Minnesota
Full Time position
Listed on 2026-03-13
Job specializations:
  • Finance & Banking
    Accounting Manager, Financial Manager
  • Management
    Financial Manager
Salary/Wage Range or Industry Benchmark: 60000 - 80000 USD Yearly USD 60000.00 80000.00 YEAR
Job Description & How to Apply Below
Position: Business Manager 1
* Interview and evaluate candidates as an interview panel member and recommend a hiring decision; interview and select employees recommended by an interview panel, giving attention to job-related qualifications, union contracts, requirements, and affirmative action goals.
* Assign work, establish work priorities, and direct daily tasks and workflow of accounting and technical staff.
* Direct staff in developing position descriptions and performance indicators; review and revise staff position description draft to reflect an accurate understanding of position responsibilities and tasks.
* Conduct performance reviews, issue coaching, and recommend or implement discipline up to and including suspension or termination when required.
* Reward employee performance through recognition, merit recommendations, and development opportunities.
* Ensure training, onboarding, and professional development needs are met.
* Approve timesheets, leave, overtime, and determine staffing levels to meet operational needs.
* Recommend promotions, reassignments, or transfers based on performance, skill needs, and organizational priorities.
* Review and approve or deny employee requests for use of time off, vacation, and sick leave; review and approve employee timesheets; assign overtime, when necessary.
* Determine departmental area training and development needs.
* Manage daily banking activities, including review of EFT receipts, collateral levels, stop payment requests, and processing of wire transfers
* Manage recording of non-cash receipts, including inter-agency receipts and Minnesota State federal cash drawdowns, and recording of non-cash expenses, including bank and credit card fees
* Supervise reconciliation of daily bank deposits with cash receipt entries in the institutional financial system
* Reconcile monthly Minnesota State accounting records to State Treasury (SWIFT)
* Manage payroll cash for local accounts and State Clearing Appropriations
* Monitor due to/due from activity and payroll default cost centers
* Manage ordering of federal student aid funds and disbursement of federal, state, and local financial aid to students
* Submit ACH files to the bank for direct deposit of student payroll, student refunds, and financial aid overage payments
* Serve as backup for student payroll processing
* Assist payroll/human resources department in resolving issues, making adjustments as needed, and processing expense transfers
* Oversee the generation of budget and transaction detail reports for access by all internal departments
* Provide technical accounting assistance and guidance to college faculty and staff
* Assist in determining proper coding and courses of action for business office staff
* Instruct business office employees on report parameter requirements to facilitate maximum usage of financial systems
* Review accounting procedures and records; revise, formulate, and institute appropriate procedures as needed
** 5. Perform other duties as assigned to ensure the smooth functioning of the*
* ** department*
* ** and maintain the reputation of the*
* ** organization*
* ** as a viable business partner.
*** Two years of professional-level accounting experience using generally accepted accounting principles (GAAP).  A Master's degree may substitute for 18 months of experience;
Bachelor's degree may substitute for one year of experience; and an Associate's degree may substitute for six months of experienced.

Professional-level accounting using generally accepted accounting principles (GAAP).
* Experience managing or overseeing accounting operations such as accounts receivable, accounts payable, bank reconciliation, cash management, and financial reporting.
* Experience preparing, monitoring, and analyzing budgets.
* Knowledge of federal and state financial regulations, including compliance requirements for financial aid, grants, and public-sector accounting.
* Supervisory or lead-work experience, including performance management, training, and work direction.
* Experience interpreting and applying policies, procedures, and/or collective bargaining agreements.
* Strong analytical, problem‐solving, and decision‐making skills.
* High attention…
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