Accounting Manager

4 weeks ago


Natick, Massachusetts, United States The UMass Foundation Full time
Accounting Manager Job Description

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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