27 days old

Endowment Administrator

Amherst College
Amherst, MA 01002
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  • Job Code
    148607158

Amherst College

Amherst has taken a leadership role among highly selective liberal arts colleges and universities in successfully diversifying the racial, socio-economic, and geographic profile of its student body. The College is similarly committed to enriching its educational experience and its culture through the diversity of its faculty, administration and staff.

Job Description:

Amherst College invites applications for the Endowment Administrator position. The Endowment Administrator position is a full-time, year-round position, job group and level SM-3.

Given Amherst's distinction as one of the most diverse liberal arts colleges in the country, the successful candidate will demonstrate the ways in which they bring value to and will work towards supporting a broadly diverse community.

Summary:

Reporting to the Controller, this role is integral towards the management, control, accounting, reporting, and reconciliation of our endowment, restricted funds, other funds, gifts and cash position.

This role also takes appropriate actions to support a diverse workforce and participates in the College's efforts to create a respectful, inclusive, and welcoming work environment.

Summary of Duties and Responsibilities:
Accounting and Analysis
  • Administer the processes and controls to ensure accurate accounting and reporting of the College's endowment funds, other investments, and cash
  • Administer, analyze and review spending within the College's restricted funds to ensure adherence to restrictions from donors
  • Establish monthly procedures and prepare complete and accurate reconciliations between actual balances and the general ledger for numerous investment funds, including those held with third parties, endowment cash, etc.
  • Ensure process and controls are in place over the accounting processes of the College (excluding grant accounting)
  • Provide reports and analysis as necessary to colleagues on a direct basis, including the monthly endowment share values and restrictions/expenditures on various funds
Administration of Unitrusts, Pooled Funds, Annuities
  • Maintain detailed data regarding donated funds within internally managed life trusts ("in-house")
  • Record all monthly activity including income/payments/additions/liquidations
  • Identify and report tax information as necessary including the preparation of certain returns for in-house trusts
  • Maintain spreadsheet for all activity to properly record split between Amherst/Folger/Unitrusts
  • Serve as the point of contact for SSGA for accounting/investment questions.
Assistance to Controller
  • Assist with the annual completion and closure of the general ledger and the independent audit of financial statements
Oversight of Interest/Principal Payment
  • Responsible for the oversight of monthly College bond interest payments and semiannual principal payments

All employees are expected to participate in the College's efforts to create a respectful, inclusive, and welcoming work environment.

Experience:
Required
  • 5 years of related experience in higher education or industry
  • Strong financial acumen
  • Previous supervisory experience with knowledge of trends in personnel and operations management
  • Strong written and verbal communication, time management, organizational, and problem-solving skills
  • Proficient in Microsoft Office
  • Experience working with a diverse community
  • Bachelor's Degree, or in lieu of a degree, 5 years of related experience
Preferred
  • Knowledge and experience with Workday ERP Finance and Investments Modules

Amherst College requires all employees to be fully vaccinated for COVID-19 (medical and religious exemptions may apply).

Amherst College is pleased to provide a comprehensive, highly competitive benefits package that meets the needs of staff and faculty and their families. Benefits are an important part of our overall compensation, so it is critical that you review all of the options to ensure it meets your total compensation requirements.

Interested candidates are asked to submit a resume and cover letter online at https://amherst.wd5.myworkdayjobs.com/Amherst_Jobs . Please be sure to upload all requested documents prior to clicking Submit. Applications cannot be revised once submitted. Review of applications will begin immediately and will continue until the position is filled.







PI148607158

Posted: 2021-10-01 Expires: 2021-11-02

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Endowment Administrator

Amherst College
Amherst, MA 01002

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