Senior Accountant (Endowment Funds)

Rutgers University; Piscataway Township (NJ); Hybrid; USD 78,000 - 115,000; Full time

Benefits offered by this job

Medical, prescription drug, and dental

Paid vacation and holidays

Competitive retirement benefits

Education benefits

Life insurance

Employee discounts

Job summary

Rutgers University, The State University of New Jersey, seeks a Senior Accountant for the Office of the University Controller. The role focuses on endowment and restricted gift activity, performing complex general accounting, reconciliations, and financial close tasks.

Collaboration spans multiple offices to ensure accurate stewardship of funds. Ideal candidates have a bachelor’s in accounting/related field and at least five years of relevant experience, with strong Excel skills and GAAP

Qualifications

• Bachelor’s degree in accounting, finance, business administration, or related field.
• Five years of progressively responsible professional experience in a financial/accounting function.
• Excellent computer skills with advanced Excel proficiency.
• Strong knowledge of US GAAP / GASB.

Responsibilities

• Maintain endowment investment balances and reconcile transactions across systems.
• Record endowment spending distributions and restricted gift revenue.
• Establish and maintain restricted and endowment projects with donor documentation.
• Prepare monthly reconciliations and investigate discrepancies.
• Provide accounting guidance to departments on restricted/endowment projects.
• Support year-end closing and external reporting tasks.

Skills

Excel

Independent work

Analytical skills

Customer service

GAAP knowledge

Education

Bachelor's degree in accounting, finance, business administration, or related field

Tools

Oracle Cloud

Fundriver

General Ledger systems

Job description

Rutgers, The State University of New Jersey, is a leading national research university and the State of New Jersey’s preeminent, comprehensive public institution of higher education. As one of the largest employers in the State of New Jersey, Rutgers University is committed not only to the students and the State that we serve, but also to the faculty and staff who work on our campuses. For two consecutive years, Rutgers is ranked on Forbes’ list of America’s Best Large Employers. Rutgers holds #64 of 500 employers and is the #1 New Jersey employer on the publication’s 2023 list. Rutgers’ commitment to its employees includes maintaining and fostering a safe, diverse, and respectful workplace environment, creating employment opportunities for our nation’s military veterans, and ensuring accessibility and accommodation for individuals with disabilities.

Posting Summary

Rutgers, The State University of New Jersey, is seeking a Senior Accountant for the Office of the University Controller. Reporting to an Accounting Manager II, this position is responsible for the accurate accounting, reconciliation, and financial administration of restricted gifts and endowment funds. Under the direction of the Accounting Manager II, the Senior Accountant performs complex general accounting and project-related functions, with a specialized focus on endowment and restricted gift activity. The position analyzes financial data, prepares and reviews account reconciliations, records and reconciles investment activity, establishes and maintains restricted and endowment projects, and supports month-end and year-end financial close activities. The Senior Accountant applies specialized accounting knowledge and independent judgment to resolve complex financial issues in accordance with Generally Accepted Accounting Principles (GAAP), applicable regulations, University policies and procedures, donor agreements, and established endowment practices. The position works collaboratively with University departments, Rutgers University Foundation, Treasury, Investment Office, and other areas within the University Controller’s Office to ensure the accurate and timely administration and stewardship of restricted and endowment funds. The position works independently within broadly defined objectives and is expected to analyze financial information, identify discrepancies and potential issues, determine appropriate resolutions, and communicate findings and recommendations to appropriate stakeholders. The position also provides guidance and customer service to University departments regarding the establishment, maintenance, accounting, and reporting of restricted and endowment projects.

• Maintains accurate endowment investment balances and reconciles transactions and balances among Fundriver, the Oracle General Ledger, Oracle Projects, and Northern Trust.
• Calculates and records endowment spending distributions and restricted gift revenue in accordance with established University policies and donor requirements.
• Establishes and maintains restricted and endowment projects and reviews supporting donor documentation to ensure appropriate stewardship and compliance with donor intent.
• Administers the University’s endowment pools and separately invested funds within Fundriver and records related investment activity in the General Ledger.
• Prepares monthly reconciliations of investment activity among the Oracle General Ledger, Fundriver, and Northern Trust and investigates and resolves discrepancies.
• Prepares year-end supplemental schedules, surveys, account analyses, and other financial information required for internal and external reporting.
• Provides accounting guidance and support to University departments regarding restricted and endowment projects, including project setup, maintenance, reconciliation, and reporting.
• Responds to Helpdesk inquiries related to restricted gifts and endowments and resolves or appropriately redirects inquiries based on the nature of the issue.
• Supports month-end, year-end, audit, and financial reporting activities by ensuring transactions and account balances are accurate, supported, and reconciled.
• Interprets and applies University accounting policies, procedures, internal controls, and established endowment practices to meet the needs of a diverse client population.

Salary Details: Starting salary will be commensurate with qualifications and experience, up to a maximum hiring salary of $95,960.

Minimum Salary: 77919.480

Mid Range Salary: 96454.480

Maximum Salary: 114989.480

Offer Information: The final salary offer may be determined by several factors, including, but not limited to, the candidate’s qualifications, experience, and expertise, and availability of department or grant funds to support the position. We also take into consideration market benchmarks, if and when appropriate, and internal equity to ensure fair compensation relative to the university’s broader compensation structure. We are committed to offering competitive and flexible compensation packages to attract and retain top talent.

• Medical, prescription drug, and dental coverage
• Paid vacation, holidays, and various leave programs
• Competitive retirement benefits, including defined contribution plans and voluntary tax-deferred savings options
• Employee and dependent educational benefits (when applicable)
• Life insurance coverage
• Employee discount programs

Position Status

Full Time

Working Hours

Standard Hours: 37.50

Daily Work Shift

Work Arrangement

Consistent with the current application of Rutgers Policy 60.3.22 or the applicable provisions of relevant collective negotiations agreements, this position may be eligible for a hybrid work arrangement. Flexible work arrangements are not permanent, subject to change or discontinuation, and contingent on the employee receiving approval in the FlexWork@RU Application System.

Union Description

URA-AFT Administrative

Payroll Designation

PeopleSoft

Terms of Appointment

Staff - 12 month

Position Pension Eligibility

ABP

Qualifications

Minimum Education and Experience

• Bachelor’s degree in accounting, finance, business administration, or related field; or an equivalent combination of education and/or experience that demonstrates comprehensive knowledge and understanding of general accounting principles and practices.
• Five (5) years of progressively responsible professional experience in a financial/accounting function.

Certifications/Licenses

Required Knowledge, Skills, and Abilities

• Excellent computer skills including an intermediate to advanced skill level in Excel.
• Proven ability to work independently with good analytical and problem solving skills around accounting analytics and processes.
• Strong knowledge of US GAAP / GASB.
• Ability to adapt and/or implement new or improved system processes, procedures and technologies.
• Ability to provide timely and professional customer service.

Preferred Qualifications

• Advanced degree/ CPA.
• Experience working with an ERP system, Oracle Cloud, Endowment accounting and Fundriver.

Physical Demands and Work Environment

Special Conditions

• May be required to work extended hours during the fiscal year-end closing period and other peak periods throughout the year.
• This position may be eligible for a hybrid work arrangement, subject to approval and operational needs. A regular on-site presence of at least three (3) days per week is required, with additional on-site days as needed. Employees approved for a hybrid work arrangement must reside in NJ, NY, PA or DE and be within a commutable distance of the university.

Location

City: Piscataway

State: NJ

Equal Employment Opportunity Statement

It is university policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, affectional or sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As an institution, we encourage all qualified applicants to apply. For additional information please see the Non-Discrimination Statement at the following web address: http://uhr.rutgers.edu/non-discrimination-statement

Supplemental Questions

Required fields are indicated with an asterisk (*).

• * Do you have a Bachelor’s degree in accounting, finance, business administration, or related field; or an equivalent combination of education and/or experience that demonstrates comprehensive knowledge and understanding of general accounting principles and practices?
  • Yes
  • No
• * Do you have at least five (5) years of progressively responsible professional experience in a financial/accounting function?
  • Yes
  • No
• * Will you now or in the future require Rutgers University to sponsor you for employment authorization to work in the United States?
  • Yes
  • No
• * Are you able to work a hybrid schedule with a minimum of three days per week on campus in person, with any remote work performed only from NJ, NY, PA, or DE?
  • Yes
  • No
• * Are you currently a member of URA-AFT?
  • Yes
  • No

Required Documents

• Resume/CV
• Cover Letter/Letter of Application

Optional Documents

• List of Professional References (contact Info)

Rutgers University is an equal access/equal opportunity institution. If you have trouble accessing this page because of a disability, please contact us at 732.745.7378 or via email at [e-mail].

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For technical assistance with the applicant tracking system (login, filling out your application, resetting your password, etc.) please contact the ROCS Help Desk at 848-932-4444 or [e-mail].

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