Reporting to the Assistant Controller, the Associate Director, Endowment Investment and Restricted Donor Funds is responsible for managing the accounting for the University’s investments, endowment and other restricted funds. The University’s unitized endowment is valued at approximately $3.6 billion and is comprised of approximately 3,100 funds, and there are approximately 1,500 other restricted spendable gifts.
The Associate Director establishes the endowment and spendable gift accounts after reviewing gift agreements and related donor documentation received from Advancement. The individual will ensure that funds are used and designated appropriately and properly recorded, provide related operational functions (such as buying and selling shares, allocating payout, maintaining market value within the endowment management system), and support individuals throughout the University as they manage these funds. The individual will need a flexible mindset and the ability to handle multiple requests from various University stakeholders. The individual must be a proactive with a strong US GAAP accounting knowledge (including fund accounting) and strong attention to detail.
The Associate Director records the monthly investment activity for the University. This requires analyzing, reviewing and reconciling complex investment custodian statements and translate to the monthly journal entry. Understanding investment cash flow and translation to US GAAP financial statement rules is a requirement.
In addition, this position is responsible for records and analyzes the activity for existing and new planned gifts for the University. A collaborative individual is required as this position works closely with many other University Departments, including, Advancement, Investment Office, Cashier’s Office, Budget office, and other academic units.
Required: Bachelor’s Degree in accounting and at least 5-7 years of not-for-profit accounting experience or combination of education and experience.
Experience in Endowment and Restricted Fund accounting, knowledge of UPMIFA
Experience with accounting for Planned gifts
Experience developing spreadsheets and using databases for analysis and operational support
Experience with Workday preferred
Excellent interpersonal, communication and organizational skills with the ability to work effectively both independently and as a productive member of a team
Detailed oriented and accuracy-focused
Excellent customer service skills
Strong Excel skills
This position requires a strong commitment to promoting diversity and inclusion in the Finance Division.
Applicants please note: all offers of employment are contingent upon a criminal background check and education verification satisfactory to Brown.
Additional Salary Information: Grade 11 salaried position. For more information on salary ranges: https://www.brown.edu/about/administration/human-resources/compensation-services/salary-ranges
Internal Number: REQ152459
About Brown University
Located in historic Providence, Rhode Island and founded in 1764, Brown University is the seventh-oldest college in the United States. Brown is an independent, coeducational Ivy League institution comprising undergraduate and graduate programs, plus the Alpert Medical School, School of Public Health, School of Engineering, and the School of Professional Studies.
With its talented and motivated student body and accomplished faculty, Brown is a leading research university that maintains a particular commitment to exceptional undergraduate instruction.
Brown’s vibrant, diverse community consists of about 6,580 undergraduates, 2,255 graduate students, 545 medical school students, more than 6,000 summer, visiting, and online students, and more than 700 faculty members. Brown students come from all 50 states and more than 115 countries.
Undergraduates pursue bachelor’s degrees in 81 concentrations, ranging from Egyptology to cognitive neuroscience. Anything’s possible at Brown—the university’s commitment to undergraduate freedom means students must take responsibility as architects of their courses of study.
Brown University has 51 doctoral programs and 32 master’s programs.... The broad scope of options vary from interdisciplinary opportunities in molecular pharmacology and physiology to a master’s program in acting and directing through the Brown/Trinity Repertory Consortium.
Additional programs include the Undergraduate Summer Session and Pre-College Programs for high school students — on campus, online, and abroad.
Brown is frequently recognized for its global reach, many cultural events, numerous campus groups and activities, active community service programs, highly competitive athletics, and beautiful facilities located in a richly historic urban setting.
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