Senior Endowment Accounting Lead – Foundations & Restricted Funds

Morgan State University Foundation, Inc; Baltimore (MD); On-site; USD 86,000 - 105,000; Full time

Job summary

Morgan State University Foundation, Inc. invites applications for a Senior Endowment Fund Accountant to manage the endowment and restricted funds (~$220M across ~500 funds), including unitization, investment allocation, spending, donor restrictions, and donor-level reporting.

This role provides guidance on transactions and supports the audit process. Requires a Bachelor’s Degree in Accounting and at least five years of progressive accounting experience; nonprofit/higher-education foundation

Qualifications

• Strong reconciliation and analytical skills.
• Experience in fund/endowment accounting preferred.
• Nonprofit/higher-education foundation experience is a plus.

Responsibilities

• Set up endowment and restricted funds per executed donor agreements; define purpose codes and restriction terms.
• Maintain unitized/pooled-fund accounting; allocate investment income, gains/losses, and fees to funds.
• Calculate and post the annual endowment payout under the spending policy; monitor UPMIFA compliance and underwater funds.
• Track restricted-fund balances, releases from restriction, and available balances; support fund-usage and donor-level reporting.
• Maintain fund data (donor criteria and available balances) for endowed scholarship funds and provide those balances and criteria to Financial Aid/ EMASS, which owns the full scholarship application-to-disbursement process.
• Reconcile investment and endowment activity to custodian statements; prepare investment schedules and fair-value footnotes for the audit.
• Operate and maintain the endowment management software and its integration with the general ledger.
• Review endowed-gift setup and endowment-related entries recorded by the Staff Accountant, and partner with the AR Manager and Advancement on endowed-gift setup.
• Serve as the team’s go-to technical resource on fund accounting and restriction questions; informally review complex fund transactions before they reach the Director.

Skills

Reconciliation

Analytical skills

Fund accounting knowledge

Nonprofit accounting

Donor reporting

Education

Bachelor’s Degree in Accounting

Tools

Fundriver

Adavico

NPact FIT

Financial Edge NXT

Job description

Morgan State University Foundation, Inc. invites applications for a Senior Endowment Fund Accountant to manage the endowment and restricted funds (~$220M across ~500 funds), including unitization, investment allocation, spending, donor restrictions, and donor-level reporting.

This role provides guidance on transactions and supports the audit process. Requires a Bachelor’s Degree in Accounting and at least five years of progressive accounting experience; nonprofit/higher-education foundation