Senior Accountant

Position Title:

Senior Accountant

Position Type:

Regular

Hiring Range:

$102,800 - $121,526 annually; Compensation will be based on education, experience, skills relevant to the role, and internal equity.

Pay Frequency:

Annual

A. POSITION PURPOSE

The position is responsible for managing the accounting cycle for the University’s contribution (gift) revenue by completing timely reconciliations and analysis for gift clearing accounts and pledge accounts receivable. The position records accounting transactions for charitable remainder trusts and annuities. Additionally, the position is responsible for the setup and monitoring of the University’s internal grants, and serves as a backup with respect to fixed asset and plant accounting.  The position supports the University’s annual audit, preparation of financial statement footnotes, and preparation of reports to support the University’s income taxes. This position also serves as a Finance liaison to Campus Ministry and Mission Church, School of Education and Counseling, and University Relations.  The departments assigned may change over time. 

B. ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Manage the University’s gift revenue cycle and provide reconciliations for pledge receivables and reserve accounts.

• Reconcile cash gifts and pledges to the Gift Processing system (CLARA) and gift clearing accounts.

• Coordinate with the Development Office to resolve issues and improve business processes

• Analyze Development gift write-offs and impact to pledge reserves

• Reconcile online giving transactions

• Reconcile stock gifts monthly

• Ensure procedures and policy are developed and followed to ensure all non-cash gift transactions (e.g., securities, gifts-in-kind, split interest agreements, donated services) are recorded in accordance with Generally Accepted Accounting Principles.

• Reconcile and monitor gifts in holding funds to CLARA. Ensure gifts that may belong to an Endowment Fund are moved out of the holding fund before quarter close.

• Identify and coordinate with the Development office on incorrect integration setups between Workday ERP and CLARA subledger.

• Reconcile gift revenue reports from CLARA to the Workday general ledger. Use critical thinking to suggest improvements to the reports and work with technical staff to improve them.

• Prepare monthly gift summary schedules (‘President’s report’) as well as ad-hoc gift reporting as requested by constituents.

• Assist the Accounting Manager, Investments and Financial Reporting and Senior Investment and Financial Reporting Accountant with new gift fund setups within Workday ledger and supporting subledgers.

2. Charitable remainder annuity and trust administration and accounting

• Record quarterly accounting transactions based on reports from third-party servicer

• Record annual annuity liability adjustment and contribution adjustments for new annuities

• Serve as the Controller’s Office contact for administrative setup of new annuities, including transferring funds to third-party servicer in coordination with University Relations

• Account for donor-designated fund program

• Prepare annual annuity roll forward

3. Support the annual financial statement audit and prepare audit schedules

• Analyze and propose the appropriate reserve and discount to apply to pledges receivable using multiple inputs. Create a journal entry and draft the related financial statement footnote.

• Review and coordinate auditor requests and collect supporting documentation

• Review gift-in-kind and art object donations every quarter to determine what to capitalize and what to expense. Prepare related journal entries.

• Prepare a summary of past due pledges on a quarterly basis to facilitate discussion with University Relations management

• Prepare financial statement footnotes schedules for “contributions receivable from related parties” and “concentration of credit risk”

4. Support University Form 990 income tax preparation

• Prepare contribution-related schedules to support the tax return, specifically Schedule B and Schedule M

• Prepare other tax schedules as assigned

5. Provide financial support and analysis to assigned University academic and administrative departments

• Analyze data on a daily basis as needed to provide meaningful information to managers to support business decision-making.