William & Mary Foundation's defining and essential mission is to support the university's people and programs. By seeking private support, and then diligently managing those funds, the W&M Foundation advances and furthers the work of William & Mary's students and faculty -providing vital resources for scholarships, professorships, research and program funding.Consistent with the University's shared services agreement with the William & Mary Foundation (WMF or the Foundation), this position is assigned 100% effort to support WMF and its subsidiaries with the responsibilities outlined below.
Position Summary:
The William & Mary Foundation Accountant is an important member of the William & Mary Foundation accounting team. The WMF Accountant reports to the WMF Assistant Controller and is responsible for financial accounting and endowment accounting. These duties require the independent analysis/interpretation of financial data as well as the application of accounting theory and principles. The Accountant assists in preparation of the Foundation's financial statements and coordination of the annual audit and is also charged with the accounting and reporting for various assets and liabilities of the Foundation and its affiliated entities.
Responsibilities include but are not limited to:
Examines and analyzes transactions and other data, interprets compliance with Foundation policies and procedures and generally accepted accounting principles (GAAP) to prepare accounting entries, spreadsheets and financial reports for audit, tax reporting and other internal and external reporting needs.
Performs endowment accounting functions.
Performs accounting for pledges, split interest agreements, bank and investment accounts, fixed assets and collections (art and antiques), debt and other asset and liability accounts.
Assists with evaluation, design, and implementation of internal controls over accounting and financial reporting.
Interacts broadly with internal and external constituencies on a wide range of matters.
The successful WMF Accountant will be a proactive member of the team, a champion for inclusion and belonging who will find innovative ways to incorporate diverse perspectives into all aspects of their work. This is a hybrid position based in Williamsburg, Virginia, that offers a flexible work environment.
This position requires additional hours beyond the typical work week, at times, to meet business objectives.
This position is subject to occasional travel for business purposes and professional development.
Essential Designation:
No
FLSA:
Exempt
Position Restricted?:
Yes, the appointment is limited due to funding availability
Position Term:
12-Month
Position Months:
Faculty or Staff: 12 month
Required Qualifications:
Bachelor's degree in accounting, finance, or related field or the equivalent combination of education, training, and/or experience directly related to the position.
Working knowledge of GAAP and generally accepted auditing standards (GAAS), particularly relating to not-for-profit entities.
Demonstrable experience with preparation of annual financial statements in accordance with GAAP, collaborating with external auditors on completion of the annual audit, and reconciling statements from banks, custodians, and investment advisors to the general ledger.
Knowledge of state and federal laws, IRS code, UPMIFA, and other regulations pertaining to not-for-profit organizations.
Analytical and problem-solving skills with the proven ability to independently interpret and apply principles guiding accounting and financial reporting.
Proficiency with a variety of software applications, particularly in MS Office, with advanced competency with Excel, automated accounting, enterprise, and report writing systems.
Interpersonal, oral, and written communication skills with the demonstrated ability to work as a strong collaborative team player, effectively communicating and professionally interacting with internal and external constituencies, exercising diplomacy, discretion, and sound judgment in all interactions.
Strong organizational skills with the ability to work independently and successfully manage multiple projects with competing priorities while meeting tight deadlines.
Strong work ethic with dedicated commitment to performing at a high level contributing to a collegial team-oriented workplace.
Preferred Qualifications:
Master's degree in accounting, finance, business, or other closely related field.
Certified Public Accountant (CPA) license.
Experience with accounting for endowments and split-interest agreements such as charitable trusts and gift annuities.
Prior experience working with Workday, Fundriver, Ellucian Banner (Finance), and Qlik reporting software.
Experience with a non-profit higher education institution or a university-affiliated foundation.
Is the position remote work eligible?:
Hybrid (works remotely at least 1 day per week but not full-time)
Remote Work Disclaimer:
Remote work eligibility is not guaranteed and is subject to approval. Employee eligibility depends on the likelihood of the employee succeeding in a remote work arrangement and the supervisor's ability to manage remote workers. Departments and/or Human Resources may amend, alter, change, delete, or modify eligibility.
Advertised Pay Range:
Up to $85,000, commensurate with experience
Advertised Pay Range Statement:
All hiring rates are commensurate with relevant experience up to the advertised amount considering internal alignment.
University Salary Range:
U10
Benefits Summary Statement:
William & Mary offers our employees a full array of benefits including retirement, health insurance with options for expanded dental and vision along with group and optional life insurance with coverage for spouse and children, flexible spending accounts, and an EAP (Employee Assistance Program).
Our employees enjoy additional university benefits such as educational assistance, professional development, wellness benefits, and a robust holiday schedule. All employees have access to fitness facilities on campus. Staff members also have access to the university libraries, and much more. To learn more, go to: https://www.wm.edu/offices/uhr/benefits/index.php?type=none
Job Open Date:
11/07/2024
Review Begin Date:
12/07/2024
Open Until Filled:
Yes
Background Check Statement:
William & Mary is committed to providing a safe campus community. W&M conducts background investigations for applicants being considered for employment. Background investigations include reference checks, a criminal history record check, and when appropriate, a financial (credit) report or driving history check.
EEO Statement:
William & Mary values diversity and invites applications from underrepresented groups who will enrich the research, teaching and service missions of the university. The university is an Equal Opportunity/Affirmative Action employer and encourages applications from women, minorities, protected veterans, and individuals with disabilities.
