Assistant Director of Endowment Accounting and Investment Operations, Assistant Treasurer

Apply

Job Type

Full-time

Description

Summary :

Responsible for the accounting of endowment, permanently and temporarily restricted funds, currently unrestricted gifts, life income funds and pledges. Works closely with School's Investment Office / advisor and serves as point of contact with individual investment managers and manages investment operations and transactions. Oversees accurate reporting and compliance related to donor directed purposes and works closely with Development and campus partners. Manage Treasury functions including banking, cash management, liquidity, and debt reporting. Work closely with auditors during our fiscal year-end audit.

Essential Responsibilities

Endowment

• Serve as the liaison with investment advisors (Cambridge) and fund managers, including the sharing of statements for funds held at other custodians.
• Accurately record all investment transactions and endowed gift receipts, process capital calls, distributions, and monitor endowment cash balance.
• Manage access to fund managers data and systems. First point of contact with funds and with operations team at investment consultant advisory firm.
• Lead on survey preparation related to the endowment and investments.
• Record all investment activity in Fundriver / Balance and update the general ledger with summary activity.
• Maintain a monthly investment rollforward that balances with Fundriver and the general ledger.
• Serve as administrator of the Fundriver platform and support team with role management, database configuration and auditing, reporting, and training.
• Support team and stakeholders by answering questions related to activity in the endowed funds.
• Establish a process for tracking and reporting spendable income from endowed funds, leveraging technology and developing a process that we can maintain.
• Partner with the stewardship director to ensure a common understanding of the purpose the endowment supports.
• Work collaboratively with the Director of Finance to connect how the spendable income from each endowment is spent in the operating budget.
• Engage with campus partners to ensure they are properly spending the endowed income and using the appropriate spending codes and tracking both income and expenses for reporting purposes. Train managers on spending codes and tracking.
• In Fundriver, run the calculation for spendable income in collaboration with the budget process and the CFO, modeling various scenarios and constraints.
• Monitor and implement spend rules and the sustainability of spending.
• Audit and perform quality assurance on spending from funds.
• Run reports for the year-end audit and balance to the general ledger and investment rollforward.

Temporarily Restricted Funds & Current Unrestricted Gifts (TLF)

Life Income Funds

Pledges

Fiscal Year End

Compliance

Treasury Management

Process Improvement

Other duties as assigned

Requirements

Work Characteristics and Physical Demands : The work environment characteristics and physical demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Lawrenceville School is a diverse and inclusive community and makes all employment decisions without regard for an individual's race, creed, color, religion, national origin, nationality, sex, pregnancy, affectional or sexual orientation, gender identity or expression, age, veteran status, physical or mental disability (including AIDS and HIV related illness), genetic information, refusal to provide genetic information, refusal to submit to genetic testing, ancestry, familial status, marital status, domestic partnership status, civil union status, atypical cellular or blood trait, military service, application for military service, or any other characteristic protected by applicable law. The Lawrenceville School will also provide reasonable accommodations for qualified individuals in accordance with applicable law.

The Lawrenceville School conducts pre-employment screening for all positions which includes a criminal background check, verification of work history, academic credentials, licenses, and certifications. Employment is contingent upon successful completion of the background check.

Eligible employees receive a competitive benefit package that includes health insurance coverage, paid leave and retirement plan options and many other valuable programs.

Salary Description

$110,000.00 - $140,000.00 annually