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UTIMCO · 2 days ago

Endowment Accounting Associate

Austin, TX

Full-time

Onsite

Senior Level

7+ years exp

UTIMCO is an organization focused on managing endowments and investment accounts, and they are seeking an Endowment Accounting Associate to support accounting and reporting activities. The role involves maintaining accounting systems, preparing reports, and ensuring compliance with IRS regulations while collaborating with various stakeholders.

Education

Growth Opportunities

H1B Sponsor Likely

Responsibilities

Maintain and support ledger for internal accounting systems for individual private endowments and other long-term or separately invested funds, including transactions, journal entries and reconciliations

Review and process quarterly unit purchases, withdrawals, transfers, and distributions

Prepare quarterly Endowment Reports and Component Reports

Calculate monthly individual endowment performance

Support donor and client reporting needs

Build and maintain strong relationships with UT System and UT institution Development and Treasury Offices

Provide Development Office support, including distribution projections, donor inquiries, training on online reporting tools, and ad hoc requests

Coordinate and deliver quarterly training and market updates to UT Institution partners

Monitor all UTIMCO online applications including Component Reporting Information System (CRIS), Endowment Reporting, Component Reporting, and Component Account Maintenance System (CAMS) for data accuracy and help resolve system issues as needed

Oversee transactions and processes within the Client Management System (cash application)

Ensure accuracy and internal control effectiveness for all cash transfer processes

Conduct daily monitoring and rebalancing among money-market fund providers

Provide overall support for UT System and UT Institutions

Prepare and review required tax forms and donor reporting for charitable remainder trusts

Ensure adherence to IRS rules and regulations; maintain current knowledge of any changes or updates to tax rules and research any complexities as they arise

Calculate periodic CRT distributions and account for all activity and rebalancing as needed

Support UT System and institution inquiries regarding existing and new CRT agreements

Qualification

Accounting expertiseTax expertiseEndowment processesMicrosoft Office SuiteData visualization toolsCommunication skillsAttention to detailTeam player

Required

Bachelor's degree in accounting

Minimum of 7 years' experience in accounting

Thorough understanding of endowment and accounting processes and workflows

Competency with applications and technology tools used in team processes and workflows

Highly responsible and takes ownership of their assignments and work product

Ability to manage multiple assignments and priorities

Elevated attention to detail

Strong verbal and written communication skills, with the ability to interact effectively with internal teams and external partners

Strong presentation skills and ability to communicate clearly and confidently

Collegial team player possessing intellectual curiosity, sound judgment, and thoughtfulness

Constructive, 'can do' attitude committed to consistently doing what is in the best interest of the organization and clients

Unquestioned honesty, integrity, and transparency

Cultural fit is a must in a respectful, collegial, and open working environment

Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and data visualization tools (e.g., Power BI)

Minimal travel is required

Preferred

Tax expertise is strongly preferred

Company

UTIMCO

In order to enhance the process by which the various Funds' investments are governed and managed, the Board of Regents of The University of Texas System on March 1, 1996 contracted with The University of Texas/Texas A&M Investment Management Company ("UTIMCO") to invest funds under its fiduciary control.

Founded in 1996

Austin, Texas, USA

51-200 employees

https://www.utimco.org/

H1B Sponsorship

UTIMCO has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (1)

2023 (2)

Funding

Current Stage

Growth Stage

Leadership Team

Gus Deering

Chief Technology Officer

Alison Rogers-McCoy

Managing Director, Chief HR Officer

Recent News

Business Journals

New CEO named at UTIMCO, manager of $66B for UT, Texas A&M systems

2023-03-31

Company data provided by crunchbase