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Inside Higher Ed · 2 weeks ago

Director of Foundations Accounting and Investment Officer

Greensboro, NC

Full-time

Onsite

Lead/Staff, Director/Executive

3+ years exp

Inside Higher Ed is a prominent institution focused on higher education. The Director of Foundations Accounting and Investment Officer provides strategic and operational leadership for all accounting and governance functions related to the university's associated entities and investment activities, ensuring compliance and transparency in financial reporting.

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Responsibilities

Lead the Foundations Accounting and Investment Office, providing direction, performance management, and professional development for assigned staff

Establish office goals, priorities, and internal controls aligned with the University Controller’s strategic objectives

Manage the office budget, workload distribution, and resources efficiently

Serve as the Controller’s principal advisor on all matters related to foundation and investment accounting

Serve as the University’s accounting lead for all associated entities, ensuring compliance with UNC System Regulation 600.2.5.2

Oversee annual audits, tax filings, and governance documentation for entities, including investment partnerships and affiliated foundations

Review and validate deliverables from external accounting and advisory firms, including monthly trial balances, reconciliations, investment rollforwards, and financial statements

Oversee accounting system implementation and configuration reviews under third-party agreements, ensuring data accuracy and compatibility with UNCG’s reporting structure

Maintain SOC reports, fund statements, and documentation supporting transparency and audit readiness

Direct all endowment accounting functions, including fund rollforwards, market value reconciliations, and administrative fee assessments

Lead the annual endowment spending distribution process consistent with the IPS and IMA

Coordinate with investment managers and custodians on capital calls, distributions, and performance reporting, ensuring complete and accurate data integration within Banner and OneStream

Partner with the Assistant Controller for Financial Reporting on blending and elimination entries during year-end and 13th-month close for consolidated financial statements

Oversee the preparation and review of financial statements for all associated entities, ensuring compliance with applicable accounting standards and donor restrictions

Oversee the preparation of budgets, financial statements, investment summaries, and compliance documentation for presentation to foundation boards and the University’s Investment Committee

Collaborate with Advancement, Accounting, and Budget offices to align endowment distributions with donor intent and institutional spending policies

Coordinate audit schedules, manage communication with external auditors, and support the timely issuance of financial statements

Oversee coordination of partnership filings (Forms 1065, 1120, 990-T) and investor-level statements (K-1, PF-1)

Review external tax and accounting advisor work for accuracy and completeness

Maintain all tax documentation, track UBTI exposure, and ensure compliance with required filings and audit support

Maintain current governance documents and ensure adherence to investment, accounting, and reporting policies

Collaborate with ITS, Reporting, and Treasury to integrate endowment and foundation data within Fundriver, OneStream, Banner, and other financial systems

Lead continuous improvement initiatives to enhance efficiency, automation, and control integrity across foundation and investment accounting processes

Support the Controller and senior leadership in developing policies, system enhancements, and reports that improve transparency and financial decision-making

Qualification

Accounting principlesFinancial managementInvestment accountingCPAMBABanner proficiencyOneStream proficiencyQuickBooks proficiencyAnalytical skillsCommunication skillsOrganizational skills

Required

Mid- to late-career with a Master's degree and 2-4 yrs accounting or financial management experience; Bachelor's and 3-5 yrs accounting or financial management experience

Knowledge of higher-education and investment accounting principles (GASB, GAAP, UPMIFA)

Experience preparing or reviewing audited financial statements and reconciliations for multiple entities

Excellent analytical, communication, and organizational skills