Reporting directly to the Accounting Director for Accounting Services, the Accounting Manager will be responsible for the overall management of gift, endowment, and investments accounting. The Accounting Manager will also be responsible for researching, interpreting and providing recommendations for technical accounting standards, regulations, and requirements that impacts University reporting. This position supports the preparation, review, and consolidation of quarterly and annual financial statements and corresponding footnotes and disclosures.
Specific duties for this position includes but is not limited to:
Reviews and prepares (as needed) accounting, for all individual endowments, merged investment pools, annuity and life income funds, and agency funds from inception to closing of funds; supervises investments reconciliations, pool pricing, and related investment activity (e.g. support NT relationship management); monitors appropriate classification of gifts (including pledges) and investments accounts with support from staff.
Interacts with internal and external customers, campus partners, and report users (e.g. consulting liaison for endowment, gift, and investments related treatment to Office of Budget and Planning, Schools & Deans, Alumni Relations and Development, Fraternities/Sororities, Student Fundraising, Donor Relations, Financial Aid, and within Accounting Services).
Applies industry & professional standards, University policy and procedure, and regulations; research, analyze, document and present recommendations, in accordance with authoritative accounting literature, related to certain significant accounting and reporting matters; responsible for gift and investments accounting and compliance procedures and processing, develops improved reporting, drafts and implements enhanced policy and procedures, institutes and maintain programs to monitor compliance.
Provides support for quarterly and annual financial statement preparation (including footnotes), and guidance and analysis to senior management (as needed) to complete board or EVP presentation/reporting, and reviews staff work for the audit cycle (e.g. PBC).
Special projects, and general support for Accounting Director, and other duties as assigned.
The Accounting Manager directly supervises a gift and endowment accountant, a general accountant, and a senior accountant for investments that oversees an accounting coordinator for investments, including evaluation of staff annually.
Manages a university accounting-related area or program. Manages daily, monthly, quarterly and annual financial processes for the area or program. Applies industry and professional standards, interprets university policy and procedure, federal and state laws, granting agency guidelines, and other regulations (as applicable); recommends accounting policy for the university. Represents &/or guides business area on internal & external financial affairs by recommending alternatives & suggestions.
Areas of responsibility:
Accounting policy & procedure
Chart &/or account coding
Endowment and gift accounting
Investment asset accounting
Journal &/or ledger
Analysis, Statements & Reporting:
Measures individual net performance of all areas/units as well as consolidated area/unit income statement & balance sheet with the use of pre-defined analytical financial tools.
Recommends changes to tools to improve analysis, forecasting, modeling & reporting & ultimately quality of financial information & analyses provided to management for planning, evaluating & controlling operations.
Establishes proper accounting & audit trails for revenue & expenses related to programs & initiatives.
Oversees monthly reconciliation & reports on current financial performance, impact on year-end forecast & opportunities & risks.
Acts as the key contact for external auditors; prepares financial statement and audit work papers.
Prepares sections of the university's annual financial report.
Performs complex financial account reconciliations, statement analysis, and transaction research.
Oversees accurate, efficient and compliant workflow of all transactional processes across areas/units.
Provides optimal customer service and financial guidance to areas/units.
Oversees processing of all daily financial transactional activity.
Reviews status of related university unit accounts and processes; troubleshoots issues as needed.
Identifies current & future resource planning & allocation issues & develops, leads, & supervises complex studies & analyses that will assist senior staff in reaching resource planning and allocation decisions.
Processes & presents associated data & information through the application of sophisticated database, graphic & spreadsheet tools.
Acts act as project manager for design and implementation of regulatory and system changes.
Ensures that service level goals are met.
Evaluates employees' performance
Provides work direction to other employees
Performs other duties as assigned.
Successful completion of a full 4-year course of study in an accredited college or university leading to a bachelor's or higher degree in a major such as accounting, business administration, finance, or related; OR appropriate combination of education and experience.
5 years financial, budgeting &/or preparing account reconciliations or financial statements along with accounting/financial analysis or other relevant experience.
Supervisory or project leader experience.
Minimum Competencies: (Skills, knowledge, and abilities.)
Excellent computer skills including proficiency in the use of spreadsheet, database and word processing software; proficient in MS Office applications and creating reports.
Strong conceptual understanding of accounting theory and financial systems; proven ability to perform account reconciliations and/or perform analyses.
Familiarity with FASB requirements.
Ability to communicate effectively and professionally with others; self-starter and ability to work independently.
Proficient in data analyses.
Preferred Qualifications: (Education and experience)
CPA-Certified Public Accountant
Preferred Competencies: (Skills, knowledge, and abilities)
Familiarity with accounting in non-profit and/or private university endowment and Investments (mutual funds, unit pricing).
Strong understanding of financial reporting, including GAAP, FASB, and UPMIFA.
Understanding of PeopleSoft (creating reports) and Fundriver (endowment software tool).
Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities. Women, racial and ethnic minorities, individuals with disabilities, and veterans are encouraged to apply. Hiring is contingent upon eligibility to work in the United States.
Internal Number: 36229
About Northwestern University
Northwestern University is a major private research university with 12 academic divisions located on three campuses in Evanston, Chicago, and Education City in Doha, Qatar. We have approximately 2,500 full-time faculty members, 17,000 graduate and undergraduate students, and over 5,700 full and part-time staff. Northwestern University combines innovative teaching and pioneering research in a highly collaborative environment. It provides students and faculty exceptional opportunities for intellectual, personal and professional growth.