Senior Investment Accountant

Overview

The Salvation Army, an international movement, is an evangelical part of the universal Christian Church. Its message is based on the Bible. Its ministry is motivated by the love of God. Its mission is to preach the gospel of Jesus Christ and to meet human needs in His name without discrimination.

We are the largest non-governmental provider of social services in America and every year, we help over 30 million Americans overcome poverty, homelessness, addiction, economic hardships, loneliness, and exploitation through a wide range of programs and services.

Located in West Nyack, NY, the Finance Department at our Eastern Territorial Headquarters has an opening for a Senior Investment Accountant.  The Senior Investment Accountant is principally responsible for the accounting, reporting and analysis of the Salvation Army’s $2 billion investment portfolio and investments held under split-interest agreements. This role ensures accurate financial reporting, compliance with accounting standards, and effective monitoring of investment activity, including facilitation of all necessary regulatory and tax filings. The Senior Investment Accountant will supervise an Investment Accountant and collectively, the Investment team will play a key role in month-end and annual closing, reconciliations, audits, and providing insights on investment liquidity to support decision-making.

This position requires approximately 35 hours of work per week and is eligible for a hybrid work arrangement (3 days onsite / 2 days remote) after 3 months of employment.

Responsibilities

• Prepare, review, and reconcile investment and split-interest journal entries and general ledger (GL) accounts.
• Maintain detailed investment and split-interest accounting records.
• Perform daily, monthly, quarterly, and / or annual preparation / reconciliations of key reports, including but not limited to portfolio reconciliation, investment earnings reallocation, rate of return analysis, charitable asset management (CAM) reports, and investment and split-interest summary and rollforward schedules.
• Monitor account balances for daily cash flow needs.
• Prepare investment summary reports and other necessary forms for management review.
• Work directly with third party split-interest administrator to manage new agreements and terminations.
• Ensure compliance with U.S. GAAP and internal policies for investment accounting and reporting.
• Assist with preparation of financial statements, footnotes, and disclosures related to investments and splitinterest agreements.
• Support annual external audit and Form 990-T / state tax filings, including preparation of audit schedules and responding to inquiries.
• Communicate with investment custodian, external investment consultant and portfolio managers for information requests and inquiries.
• Oversee annual charitable gift annuity filings to New York State (NYS) and New Jersey.
• Serve as primary liaison for NYS 5-year audit on the charitable gift annuity fund.
• Review 1964 employee pension plan journal entries and GL accounts.
• Develop and maintain investment-related policies, procedures, and internal controls.
• Serve as a security administrator for JP Morgan ACCESS.
• Other job duties and responsibilities as assigned.

Qualifications

What We Offer

All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, disability or protected veteran status.