Senior Endowment & Fund Accountant

Morgan State University; Tacoma (WA); On-site; USD 86,000 - 105,000; Full time

Job summary

Morgan State University is seeking a Senior Endowment & Fund Accountant to lead accounting for the Foundation's endowment and restricted funds. The role covers unitization, investment allocation, spending/payout, donor-restriction tracking, and reporting, with oversight of staff accountant entries.

The position requires a Bachelor's in Accounting, at least five years of progressive accounting experience, and nonprofit/higher-education foundation exposure to endowments.

Qualifications

• Strong reconciliation and analytical skills with restricted-fund detail.
• Understanding of restricted (donor) fund accounting and UPMIFA concepts.

Responsibilities

• Set up endowment and restricted funds per donor agreements and define terms.
• Maintain unitized/pooled-fund accounting and allocate investment income and fees.
• Calculate and post annual endowment payout under the spending policy; monitor UPMIFA compliance.
• Track restricted-fund balances, releases from restriction, and donor-level reporting.
• Maintain fund data for endowed scholarships and provide balances to related offices.
• Reconcile investment and endowment activity; prepare investment schedules and footnotes for audits.
• Operate endowment management software and integration with the general ledger.
• Review endowed-gift setup and related entries with Staff Accountant and AR/Advancement teams.
• Serve as technical resource on fund accounting and restrictions; review complex transactions.

Skills

Fund/endowment accounting

Reconciliation

Nonprofit accounting

UPMIFA knowledge

Education

Bachelor's Degree in Accounting

Tools

Fundriver

Adavico

NPact FIT

Job description

Posting Summary

Job Title Senior Endowment & Fund Accountant Division Division of Institutional Advancement Department Fiscal Operations Office Work Status Full Time Position Category Staff FLSA Exempt Pay Range Exempt Salary Range $95,000 / year Fund Source State Support

Job Summary

The Senior Endowment ; Fund Accountant is the team's senior technical accountant, owning the accounting for the Foundation's endowment and restricted funds - the ~$220M endowment across roughly 500 funds - including unitization, investment allocation, spending/payout, donor-restriction tracking, and donor-level reporting, and providing technical oversight and review of endowment-related entries touched by the Staff Accountant (the Foundation's first point of contact for transactional AP/AR).

Job Duties

• 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 (including the administrative fee) 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.

Requested Minimum Qualifications

Education

A Bachelor's Degree in Accounting or a related field from accredited college or university is required.

Experience

At least five years of progressive accounting experience is required.

Other Preferences for Consideration

• Experience in fund, endowment, or investment accounting is a plus.
• Seven plus years of experience.

Knowledge, Skills & Abilities

• Strong reconciliation and analytical skills; comfort with complex, restricted-fund detail.
• Understanding of restricted (donor) fund accounting; ability to learn UPMIFA and unitization concepts quickly.
• Nonprofit/higher-education foundation experience with endowments and restricted funds preferred.
• Experience with endowment software (Fundriver, Adavico, or NPact FIT) and Financial Edge NXT preferred.