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Foundation Source · 1 day ago

Accounting Manager, Operations

United States

Full-time

Onsite

Mid, Senior Level

$120K/yr - $130K/yr

5+ years exp

Foundation Source is seeking an Accounting Manager, Operations to join their Foundation Accounting team. This role involves managing complex assets and financial transactions, ensuring accurate accounting and tax treatment, and leading the onboarding of existing foundations onto the Foundation Source platform.

Financial ServicesNon ProfitProfessional Services

Work & Life Balance

Responsibilities

Oversee process of review and recording of all alternative assets ensuring accuracy and compliance

Establish process and protocols for booking and recording all alternative assets to ensure accuracy and compliance

Using regular meetings, materials, and training, work with stakeholders (management and teams) in other departments (including Tax, Accounting, Finance, and Client Services) to ensure assets are booked properly, timely, and in accordance with internal SLAs

Responsible for working with Product and Development team to explore technology improvements related to Foundation Source’s Alternative Asset Matrix, K-1 Matrix, 990PF Tax Matrix, and other proprietary modules

Ensure appropriate valuation methodologies are used for alternative investments in accordance with accounting and tax principles

Identify accounting issues, process improvements, and automation opportunities within alternative asset workflow (including K1s)

Coordinate Foundation Source’s K1 Process across 2,000+ partnership holdings. Manage recording of K1 data entries and all associated transactions for completion and accuracy

Responsible for the process of recording and reviewing complex financial transactions across various asset types, applying technical expertise to determine proper accounting and tax treatment

Review all transactions related to complex assets, including basis, capital contributions and distributions

Identify best practices, processes, and technology for booking and tracking complex transactions

Responsible for process by which we obtain, process, review, and record investment documentation or supporting documents for financial transactions

Assist with the onboarding of existing foundations, focusing on a smooth transition by ensuring all financial data is accurately integrated into the Foundation Source platform

Partner with team responsible for onboarding financials of private foundations

Work with fellow leaders in client service, finance, tax, and accounting teams to ensure a streamlined and cohesive approach to client service

Lead, mentor, and develop accounting staff through coaching, performance feedback, and career planning

Establish training programs and development plans to strengthen technical and professional skills

Foster a culture of accountability, collaboration, and continuous improvement

Conduct performance evaluations and support goal setting aligned with organizational objectives

Serve as subject matter expert resource to clients and colleagues alike

Qualification

Technical Accounting ExpertiseCPA CertificationFinancial ReportingComplex Financial TransactionsAlternative Asset ManagementProject ManagementEffective CommunicationCollaborationProblem SolvingContinuous Learning

Required

Bachelor's degree in accounting or finance is preferred

A minimum of 5+ years of experience in accounting is required

Mastery of computer and web-based financial software

Demonstrates strong technical accounting skills, including proficiency in debits, credits, transactions, and financial reporting, with tax accounting experience being a plus

Possesses exceptional communication skills, able to convey complex financial information clearly and concisely to both internal teams and external stakeholders, adapting the communication style to the audience

Skilled at managing and prioritizing multiple projects simultaneously, consistently meeting internal Service Level Agreements (SLAs) and deadlines without compromising quality

Excels in both collaborative team settings and while working independently, leveraging strong interpersonal skills to contribute effectively in a remote work environment

Highly detail-oriented, driven to identify issues, and adept at recommending effective solutions, especially in a fast-paced environment

Demonstrates a strong capacity for quickly acquiring new skills and proactively taking steps to improve processes and outcomes

Must have a home office or workspace that is free of distractions and interruptions to ensure productivity and focus during work hours

High-speed internet is required to support video conferencing, file sharing, and other work-related technology needs

Must be able to reliably commute to the office and meet in-person collaboration requirements as needed