Manager Accounting

University of Richmond; Virginia (IL); On-site; USD 68,000 - 102,000; Full time

Job summary

The University of Richmond Accounting Manager will oversee the day-to-day operations of the Accounting Office, including endowment and investment accounting, and support the university’s annual audit and financial reporting.

Responsibilities include supervising Accounting Analysts, coordinating with external partners, preparing 990/990T filings, and driving process improvements while ensuring compliance with US GAAP and ASC 820 disclosures.

Qualifications

• Thorough understanding of US GAAP and not-for-profit accounting.
• Experience with endowment and investment accounting.
• Strong communication and organizational skills.
• Proficiency with ERP systems and MS Office suite.

Responsibilities

• Directly supervise Accounting Analyst(s) and manage day-to-day activities of the Accounting Office.
• Oversee endowment and investment accounting, and preparation of monthly/quarterly/yearly reports.
• Lead preparation of financial statements and annual 990/990T/4720 filings with external accountants.
• Coordinate with Spider Management Company on new investments.
• Mentor staff and drive process modernization and improvements.
• Assist with audits and annual external financial statements.

Skills

GAAP knowledge

Excel

Communication

Time management

ERP knowledge

Query/reporting

Education

Bachelor's degree in accounting or finance

5-7 years' experience in higher education, public accounting, or not-for-profit accounting

CPA or CPA candidate preferred

Tools

Banner

Workday

Oracle

Job description

*****For consideration, please attach a resume and cover letter*****

SUMMARY

The Accounting Manager will be responsible for the day-to-day operations of the

Accounting office and maintains direct oversight and responsibility for the University's investment and

endowment accounting. Additionally, this position is a resource to the campus community regarding

accounting matters, performs and manages the process to prepare and complete the 990/990T/4720

tax preparations, and supports the annual audit of the University's consolidated financial statements.

This position will also assist with the design and implementation of continued process modernization

and improvements.

JOB DUTIES/RESPONSIBILITIES

Management/Leadership Responsibilities

Directly supervise Accounting Analyst(s).

Manage the day-to-day activities of the Accounting Office.

Mentor and develop accounting office staff.

Assume responsibility for the Accounting Office in the absence of the Director.

General and Endowment Accounting Responsibilities

Perform complex accounting for the University's charitable gift annuities, outside trusts, operating investments, and other investments.

Perform endowment accounting at the University including determining endowment market value, understanding donor restrictions, and completing various monthly/quarterly/yearly reports or surveys.

Review accounting entries and reconciliations prepared by other team members of the Accounting office.

Perform complex monthly reconciliations involving multiple systems and deep understanding of underlying accounting entries and campus processes.

Ensure reconciliation of all general ledger activity on a monthly or quarterly basis, as appropriate.

Prepare schedules and disclosures needed for the University's quarterly and annual financial statements in accordance with the Financial Accounting Standards Board (FASB) guidance, including Accounting Standards Codification (ASC) Topic 820, Fair Value Measurements and Disclosures.

Coordinate with Spider Management Company (SMC) on new investments.

Analysis and Reporting

Create, with the Director, the quarterly and annual financial statements and other external reports.

Lead preparation of the University's annual 990 and related tax filings, working with external tax accountants to ensure correct and timely reporting.

Perform/resolve all state tax correspondence/inquiries in cooperation with the director and SVP/Controller of the University.

Analyze finances for Board reporting, senior leadership reporting, and departmental reporting.

Assist the Director in the coordination and preparation of annual external financial statement audits.

System Administration, Education, Training and Compliance

Mentor and assists campus on endowment and general accounting policies.

Evaluate and assess current practices and procedures, make recommendations for improvement

Assist with special projects as necessary.

Assist University departments in various accounting/finance issues.

Other duties as assigned.

SUPERVISION EXERCISED

Supervises staff, including hiring, scheduling, and assigning work, providing input in performance reviews, promotions, or terminations.

WORKING CONDITIONS/PHYSICAL EFFORT

Successfully works in an open, collaborative office environment

Ability to sit for long periods of time

Ability to walk to points on campus within a one-mile radius

Ability to lift - up to 10 pounds.

QUALIFICATIONS

Knowledge, skills & ability:

Thorough understanding of US GAAP, specifically FASB based accounting, including extensive knowledge of accounting guidance related to investments and not-for-profit accounting

Excellent verbal and written communication skills across all levels of organization including external contacts

Strong time management and organizational skills

Knowledge of employee relationship building and performance management techniques

Advanced Microsoft Excel with proficiency in other Microsoft products, specifically Word, Access and PowerPoint

Preferred experience with common higher education ERPs (Banner, Workday, Oracle, etc.).

Ability to create queries and reports from databases

EDUCATION & EXPERIENCE

• Bachelor's degree in accounting or finance
• 5-7 year's experience in higher education, public accounting, or not-for-profit accounting
• CPA or CPA candidate preferred

WORK HOURS

Full Time, Exempt

Monday - Friday 7.75 hours/daily, 38.75 hours/weekly

SALARY STRUCTURE

Pay Grade 8 (Hiring Range $68,474.00 to $101,858.00 annually)