INTO Suffolk University · 15 hours ago
Investment/Endowment Accountant
Boston, Massachusetts
Full-time
Onsite
Mid, Senior Level
$68K/yr - $104K/yr
5+ years expINTO Suffolk University is seeking an Investment/Endowment Accountant to be a key member of the Controller’s Office within the Finance and Administration Division. This role is responsible for the accurate accounting of endowment funds, managing financial reports, and collaborating with various stakeholders.
Higher Education
Responsibilities
Serves as key staff contact for relationship with external investment consultant. Administers new investment subscriptions and other portfolio changes
Enters Investment statements to record accounting in Workday. Prepares monthly reconciliations, including Investments to Endowment. Compiles investment footnotes for annual financial statements
Prepares the University’s response to the investment portion of surveys
Works with Advancement to administer planned giving activity, including CRUTs and charitable gift annuities
Assists with preparing reports, data and/or meeting documents for the Investment Subcommittee of the Board of Trustees
Calculates annual endowment appropriation in alignment with the University’s Statement of Investment Objectives, Goals and Policy Guidelines
Reviews gift agreements for proper fund classification and to ensure they align with University policies
Determines available budgets for individual endowment funds and spendable gift funds and works with Student Financial Services and the Budget Office to put them to use. Monitors gift budgets to actual to ensure they are not overspent
Onboards new stewards of gifts to properly understand restrictions, Workday reporting and recording of offsetting expenditures. Resolves issues with administration of restricted funds as required and on a timely basis
Processes the monthly endowment unitization, investment return and spend allocation
Prepares the University’s response to the endowment portion of annual surveys
Prepares monthly reconciliations. Compiles endowment footnotes for annual financial statements
Provides support and assistance to the Controller in preparing schedules for the interim and yearend external audits and provide support for month, quarter and year-end close activities and processes
Collaborates with VP for Advancement to develop a clear framework for endowments, restricted funds and all other charitable gifts to the University; helps develop timely, responsive reporting tools
Participates in internal and external meetings as required, including the Investment Subcommittee of the Board of Trustees. Takes minutes at the Investment Subcommittee meetings
Supports and partners with the Vice President of Advancement, the Controller, the University Budget Director, as needed
Qualification
Required
5-7 years' experience in financial operations; non-profit/higher education environment or a foundation is preferred; endowment accounting experience a plus
Bachelor's degree in accounting or finance
Strong analytical, organizational, and problem-solving skills with high attention to detail and deadlines
Strong communication skills, both written and verbal
High level interpersonal skills, with ability to work and collaborate with diverse staff at all levels of the organization
Ability to evaluate and document business processes and internal controls and identify areas of potential improvement
Experience with financial accounting software and reporting tools; Workday Financials preferred
Proficient with Microsoft Office Suite applications, especially Excel
Preferred
CPA or CTP certification as well as knowledge of investments and not-for-profit endowment management a plus
Endowment accounting experience a plus
Company
INTO Suffolk University
INTO Suffolk University provides an outstanding student experience for thousands of international students each year.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase