Endowment Accountant

Endowment Accountant Bookmark this Posting Print Preview Apply for this Job Position Details Position Information Position Title Endowment Accountant Department Accounting Office - Operations -Group Pay Type Exempt Appointment Type (A) Continuing Full-Time Hours Per Week 37.5 Number of weeks 52 weeks per year other - # of weeks 52 Benefits Eligible Full Benefits Geographical Regional Qualifies for Relocation Reimbursement No Work Schedule Job Description General Scope of Duties Reporting to the Associate Controller, the Endowment Accountant is responsible for monthly, quarterly and annual accounting related to the College's $450+ million endowment, the underlying investment portfolio, financial modelling the annual endowment distribution, forecasting various distribution scenarios, quarterly financial reporting and responding to Advancement Office and account holder questions, recommending appropriate action on a wide variety of legal and accounting issues related to endowments, spending budgets and other projects as assigned. This position serves as a key liaison between the Accounting department and departments throughout the College to resolve issues and answer questions regarding specific gift and endowment funds. Additionally, the incumbent will manage the flow of information around gifts and pledges between the College's Advancement and Accounting departments. The successful candidate is exceptionally well organized and action oriented, a data driven, skilled analyst, excellent listener and thoughtful communicator. The position is also responsible for evaluating & recommending appropriate endowment accounting treatment in accordance with GAAP , GAAS and Universal Guidance including but not limited to review of gift agreements, auditing ledgers, preparing data for the investment footnotes in the annual financial statements, preparing and reviewing journal entries, preparing schedules for endowment distribution internal account holders, monthly investment reconciliations, and performing or reviewing complex account reconciliations. General Duties and Responsibilities Assist the Associate Controller with the maintenance of records of fund participation in the endowment investment pool (processing investment, gift and other activity into Banner endowment management system and general ledger). Assist with administrative functions and maintaining accurate investment accounting records for all of the college's investments and split-interest arrangements, including charitable gift annuities, pooled income funds, and trusts (processing trading and other investment activity; reconciling and verifying activity to bank and other records; recording related activity into the Banner general ledger and endowment management system). Assist the Associate Controller with reconciliations of gift revenue, particularly contributions receivable between Finance and Advancement modules. Assist with maintenance of accounting records for contributions receivable (annual rollforward). Assist with ensuring any reconciling items are resolved with the Advancement Office. Assist the Associate Controller with the maintenance of the Banner Finance system security access for the Finance module. Assist the Associate Controller with the monitoring of departmental email boxes such as investments, accounting, bursar, cash management and purchasing and support work associated with this email activity as well as responses required. Post and reconcile payments to proper ledger accounts and student accounts; verify deposits of Advancement gift proceeds; follow-up with Advancement/other departments on any discrepancies; balance daily cash receipt batches and reports between general ledger and cash drawer. Post journal entries to the Banner Finance general ledger system. Education and Skills Bachelors degree and 1 to 3 years of experience in higher education accounting/accounts receivable and/or office administration procedures Strong written and oral communication skills Strong computer skills (Ellucian Banner/Microsoft Office experience preferred) and analytical skills; strong knowledge of general ledger accounting preferred Must be detail oriented Well-organized, able to work under pressure Ability to interact well with a variety of people from all parts of the college community Knowledge of general office equipment High integrity needed to handle confidential information Preferred Qualifications Physical Demands Driving Required No Salary Range $50,000-$60,000 Covid Vaccine Information Effective June 8, Connecticut College will no longer mandate the COVID -19 vaccine or boosters. The College strongly recommends that all students and employees be vaccinated and remain updated with their COVID -19 boosters Applicant Credentialing Thorough applicant credentialing will be conducted on the selected candidate which will include criminal records check, DMV check and depending on the position psychological exam and pre-placement physical. Posting Detail Information Open Date 08/30/2024 Applications accepted through Open Until Filled Yes Documents needed to Apply Required Documents Resume Cover Letter Optional Documents Supplemental Questions Required fields are indicated with an asterisk (). Are you eligible to work in the U.S.? Yes No

Created: 2024-10-19