Accounting Manager
4 weeks ago
The University of Massachusetts Foundation, Inc. is seeking an experienced Accounting Manager to join our finance team. As a key member of our team, you will be responsible for overseeing the endowment administration, contributions, and preparing financial reports.
Key Responsibilities:
- Endowment administration: Review new endowment accounts established in the Fund Accounting system, handle exception processing, and manage UMass Amherst gift processing.
- Gift processing and administering matching gifts: Manage UMass Amherst gift processing, facilitate security gift processing, and administer matching gifts for all campuses.
- Month-end close and reporting: Perform balance sheet accounts reconciliations, prepare financial statements, and ensure accuracy and completeness.
- Spending rate distributions: Prepare detailed estimates for distribution to campuses in spring each year, process spending rate distributions, and restriction release in the Fund Accounting system.
- Pledge and bequest receivables: Reconcile pledge payments and pledge receivable balances to campus records, work with campus to resolve discrepancies, and prepare annual discount and bad debt reserves.
- Grant management: Work closely with the legal department for grant management activities to ensure grants are recorded correctly in the general ledger.
Requirements:
- Bachelor's degree in Accounting, Finance, Business Administration, or relevant field of study.
- Minimum 5 years professional work experience, with experience in higher education, fund accounting, or portfolio accounting preferred.
- Minimum 1 year experience in accounting management roles preferred.
- Proven knowledge of accounting principles, practices, standards, laws, and regulations.
- Experience with integrated ERP supporting general ledger accounting, asset management, fund accounting, and financial statement reporting.
- Strong Microsoft Office skills, particularly Excel.
- Strong attention to details, solid analytical skills, and good problem-solving skills.
- Excellent oral and written communication skills.
The UMass Foundation is an equal opportunity employer and welcomes applications from diverse candidates.
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