Senior Endowment & Fund Accountant

Senior Endowment & Fund Accountant

Posting Summary

Job Summary

The Senior Endowment ; Fund Accountant is the team’s senior technical accountant, owning the accounting for the Foundation’s endowment and restricted funds — the ~$220M endowment across roughly 500 funds — including unitization, investment allocation, spending/payout, donor-restriction tracking, and donor-level reporting, and providing technical oversight and review of endowment-related entries touched by the Staff Accountant (the Foundation’s first point of contact for transactional AP/AR).

Job Duties

• Set up endowment and restricted funds per executed donor agreements; define purpose codes and restriction terms.
• Maintain unitized/pooled-fund accounting; allocate investment income, gains/losses, and fees (including the administrative fee) to funds.
• Calculate and post the annual endowment payout under the spending policy; monitor UPMIFA compliance and underwater funds.
• Track restricted-fund balances, releases from restriction, and available balances; support fund-usage and donor-level reporting.
• Maintain fund data (donor criteria and available balances) for endowed scholarship funds and provide those balances and criteria to Financial Aid/ EMASS, which owns the full scholarship application-to-disbursement process.
• Reconcile investment and endowment activity to custodian statements; prepare investment schedules and fair-value footnotes for the audit.
• Operate and maintain the endowment management software and its integration with the general ledger.
• Review endowed-gift setup and endowment-related entries recorded by the Staff Accountant, and partner with the AR Manager and Advancement on endowed-gift setup.
• Serve as the team’s go-to technical resource on fund accounting and restriction questions; informally review complex fund transactions before they reach the Director.

Requested Minimum Qualifications

Education:

A Bachelor’s Degree in Accounting or a related field from accredited college or university is required.

Experience:

At least five years of progressive accounting experience is required.

Other Preferences for Consideration

• Experience in fund, endowment, or investment accounting is a plus.
• Seven plus years of experience.

Knowledge, Skills & Abilities

• Strong reconciliation and analytical skills; comfort with complex, restricted-fund detail.
• Understanding of restricted (donor) fund accounting; ability to learn UPMIFA and unitization concepts quickly.
• Nonprofit/higher-education foundation experience with endowments and restricted funds preferred.
• Experience with endowment software (Fundriver, Adavico, or NPact FIT) and Financial Edge NXT preferred.

Posting Detail Information

Special Instructions to Applicant

Please enter two professional and one personal reference in the References page of the application.

Supplemental Questions

Required fields are indicated with an asterisk (*).

1. • How did you hear about this employment Opportunity?
     • The Chronicle of Higher Education
     • EDULedger (formerly Diverse Issues in Higher Ed)
     • Higher Ed Jobs
     • Inside Higher Ed
     • Insight into Academia (formerly Insight into Diversity)
     • LinkedIn
     • Mid-Atlantic HERC (Higher Education Recruitment Consortium)
     • Other Online Advertising
     • Agency Referral
     • Website
     • MSU Careers Website
2. • Did you obtain a Bachelor's Degree in Accounting or a related field from accredited college or university?
     • Yes
     • No
3. • What is the highest level of education attained?
     • GED
     • High School Diploma
     • Associates Degree
     • Bachelors Degree
     • Masters Degree
     • PHD
4. • How many years of experience do you have in this type of position?
     • 0-1
     • 1-3
     • 3-5
     • 5-7
     • 7+
5. • Do you have at least five years of progressive accounting experience?
     • Yes
     • No
6. • Are you a current, past, or retired Morgan State University employee? Are you a current, past, or retired State employee? If YES to current, past, or retired STATE employee, please state the agency. If not applicable, put N/A.
     (Open Ended Question)

Applicant Documents

Required Documents

1. Cover Letter
2. Transcripts (unofficial )

Optional Documents