East Texas Career Center

Director of Gift & Investment Accounting
Waco, TX, United States

Job Identification: 13039
Posting Date: 05/31/2022, 7:15 AM
Job Schedule: Full time
Locations: Waco, TX, United States
Degree Level: Bachelor

Job Description:
What We're Looking For

Baylor University's Financial Services department is seeking a full-time Staff Director of Gift and Investment Accounting to join the team. Additionally, the successful candidate will demonstrate the following:

• • Strong accounting skills and experience, including knowledge of accounting for complex investment vehicles and endowments
  • Analytical skills and attention to detail with accuracy.
  • Ability to coordinate with multiple levels within organization; organize work to meet timetables and deadlines (performance under pressure); work independently with minimal supervision; and coordinate a variety of activities.
  • Ability to maintain strict confidentiality.
  • Effective oral and written communication skills.
  • Ability to interact in difficult situations requiring tact and diplomacy with a diverse population.
  • Non-profit, university or college experience preferred

A Bachelor's degree in Accounting, Finance, or related field, eight years of relevant work experience, and an active Christian faith are required. A Master's degree, accounting or investment related certifications, CPA and ten or more years of relevant work experience are preferred. Applicants must be currently authorized to work in the United States on a full-time basis. Remote or Hybrid work will be considered for this position with ability to travel to Waco as needed.

What You Will Do

• Directs the accounting for the University's non-operating funds including:
  • Review, approval, and establishment of new designations in coordination with University departments and University Advancement Office
  • Preparation, review and/or approval of related journal vouchers
  • Preparation and/or review of investment and gift reporting
    • Monthly endowment balances report
    • Monthly endowment analysis reports
    • Monthly endowment changes reports
    • Monthly annuity trial balance
    • Monthly restricted scholarship trial balance report
    • Quarterly restricted non-scholarship trial balance report
  • Conducts and/or oversees the review, analysis, reconciliation and correction of transactions and balances in the nonoperating accounts.
  • Oversees the University's compliance with endowment and annuity agreements.
    • Maintains endowment distribution worksheet in compliance with endowment agreements
    • Provides book and market value, distribution, and expenditure amounts to Advancement for annual endowment donor reporting
  • Performs secondary review and approval of journal entries, as needed
• Directs the University's gift accounting functions including:
  • Establish and ensure proper documentation of gifts according to financial accounting standards
    • Includes overseeing brokerage account and determining/communicating gift value for stock gifts
  • Coordinates the gift accounting process with the University Advancement Office
    • Posting journal vouchers from the advancement system to the financial system
    • Review and coordinate preparation of monthly outstanding pledge report and monthly gift report
    • Prepare monthly gift projection reports for various capital projects
    • Oversee reconciliation of binding promises between advancement and financial systems
    • Oversee reconciliation of total gifts between advancement and financial systems
  • Development and implementation of effective control procedures and adequate documentation
  • Periodically review gift documentation to verify proper accounting treatment
• Directs the University's investment accounting and reporting functions including:
  • Maintain a close working relationship with the University Investment Office
  • Review and/or approval of investment journal vouchers and receipts
  • Review and/or preparation of investment allocation reports
  • Coordinate the investment accounting process with the University Investment Office, BNY Mellon, Highground Advisors and various bank trust departments.
• • • Prepare monthly reconciliation of Baylor University Fund (BUF) balances with BNY Mellon custodial and sub-fund accounting reports
    • Prepare and coordinate the monthly transmittal of funds into BUF with BNY Mellon
    • Prepare, coordinate and record monthly distribution of funds from BUF with University investment office and BNY Mellon
    • Prepare monthly reconciliation of balances and record changes with Highground Advisors accounting reports
    • Review and record monthly distribution from Highground Advisors
    • Oversee adjustments to periodic statements from bank trust departments
  • Prepare, coordinate, review and approve monthly market value adjustments to BUF sub-fund report, Highground reports, bank trust statements, stock, bond and real estate holdings
  • Development and implementation of effective control procedures and adequate documentation
  • Periodically review investment statements to verify proper accounting and financial statement disclosure.
• Oversee and/or prepare the calculation and recording of endowment and investment earnings estimates for budgeting and planning purposes.
  • Maintain and update endowment model
  • Maintain and update BUF dividend calculation according to endowment spending policy
  • Review and project endowment distributions for individual endowment/expendable accounts and communicate projected amounts to budget office and student financial aid
• Oversee and/or prepare audit workpapers and financial statement footnotes for gifts, endowment, and investments, and coordinate gift and investment accounting matters with external auditors
  • Prepare and maintain annual investment rollforward documentation
• Assist with annual preparation for Form 990 including:
  • Maintain and update K-1 tracker worksheet for information received from various BUF managers as it relates to unrelated business income
  • Provide endowment, deferred gift, and investment information related to various sections of Form 990

What You Can Expect

As part of the Baylor family, eligible employees receive a comprehensive benefits package that includes medical, dental, and vision insurance, generous time off, tuition remission, and outstanding automatic retirement contributions. Baylor has a comprehensive benefits plan that supports you and your family's wellbeing and allows you to be a part of the life of a vibrant and active college campus. To learn more go to Baylor Benefits & Advantages.

Explore & Engage

Learn more about Baylor and our strategic vision, Illuminate. Also, explore our great hometown of Waco and many opportunities to engage locally.


About Us:
Baylor University is a private not-for-profit university affiliated with the Baptist General Convention of Texas. As an Affirmative Action/Equal Opportunity employer, Baylor is committed to compliance with all applicable anti-discrimination laws, including those regarding age, race, color, sex, national origin, military service, genetic information, and disability. As a religious educational institution, Baylor is lawfully permitted to consider an applicants religion as a selection criterion. Baylor encourages women, minorities, veterans, and individuals with disabilities to apply.

To apply, visit https://ejof.fa.us2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX/requisitions/preview/13039







Copyright 2022 Jobelephant.com Inc. All rights reserved.

Posted by the FREE value-added recruitment advertising agency
jeid-7599e599d0369f4cbcd0cf3518766533