Southern Illinois University Carbondale invites applications for the position of Assistant Director for Development and Alumni Relations (Controller) with the SIU Foundation. The Controller will direct the day-to-day operations of the general ledger, accounts receivable, and accounts payable functions, as well as maintain financial data used to monitor donor accounts, generate financial statements, corporate statistics, reconcile cash and accounts receivable, accounts payable, and payroll functions for the foundation. The Controller will report to the Chief Financial Officer of the SIU Foundation.
Responsible for directing the creation, generation, and review of financial reports. These reports include but are not limited to: the foundation’s FASB based financial statements, board and committee presentations, dashboards, and university administration.
Responsible for directing and providing oversight to donor account administration which includes: review and maintenance of financial computer systems, account setup policies and procedures (including incomplete account management), oversee university fiscal manager systems, and implement policies and procedures to ensure funds are spent within donor restrictions.
Oversee accounts payable scholarship program and administration, all disbursements, and foundation payroll processes.
Prepare, review and submit to Chief Financial Officer: analyses, reconciliations and surveys including but not limited to: cash reconciliations and cash flow analysis, investment reconciliations, fees analysis, and NACUBO, LCME School of Medicine, IRF and other surveys.
Reconcile and record investment activity: prepare and process entries for the period's investment activity through the financial system, prepare individual analysis for the investment pool, and reconcile the statements provided by the investment managers to the financial system.
Reporting and analysis: provide investment reports and analysis for foundation management, investment committee, foundation board and others as needed, compile data from outside sources in order to compare the foundation’s investment performance and policies with industry and peer institutions, prepare financial statement work papers for investments, respond to various request concerning endowments.
Distribution of earnings: calculate investment pool unit values and prepare journal entries to distribute earnings to participating funds, sweep all available cash balances from participating funds to the investment pool and ensure that the investment pools are fully invested at all times, and reconcile managers, clearing funds and participating funds balances.
Compliance: monitor outside investment managers to insure their compliance with foundation board investment policy, review operations and transactions to ensure investment managers are operating efficiently, and identify variations in manager’s operations or investment style.
Investment allocation: direct the flow of funds to and from managed investment accounts to maintain the proper allocation of investments as determined by the foundation board, and ensure that all funds are invested in a timely fashion and that proper controls are in place to ensure their safekeeping.
Trust investments: prepare and process entries for the period’s investment activity through the financial system, distribute the investment activity to each trust fund, prepare individual analysis for each trust fund, and prepare annual reports for each trust fund.
Cash management: review cash balances to ensure that all funds are invested in a timely fashion and that there is enough cash available to disburse payments to vendors, and approve expenditures.
Security gifts: assist with the receipting and selling of gifts of securities, prepare and process entries for this activity through the financial system.
Other accounting functions as determined.
A bachelor’s degree in accounting and five years of accounting and investment experience or a master’s degree in accounting or CPA and at least two years of accounting and investment experience is required for this position. Accounting experience should be in foundation, governmental, or in a non-profit accounting office environment overseeing general ledger processes.
Employer will assist with relocation costs.
About SIU Foundation
The Southern Illinois University Foundation, established in 1942, provides alumni and other friends of the university a means to invest in the future of SIU.
Our mission is to maximize private support for Southern Illinois University Carbondale to assist the university in achieving its long-range goals. The SIU Foundation:
Solicits and accepts gifts.
Manages and invests funds and property prudently.
Distributes funds and property for educational and charitable purposes.
The SIU Foundation is an independent, nonprofit corporation that exists solely to serve the educational, service and research missions of SIU Carbondale. It is a designated 501(c)(3) organization. The foundation has appropriate approval from the Internal Revenue Service to issue tax-deductible receipts for private gifts received to support SIU.