Posting DetailsPosting 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.
Posting Detail Information
Posting Number ST01647
Number of Vacancies 1
Job Open Date 10/30/2026
Application Review DateJob Close Date 11/30/2026
Special Instructions to Applicant Please enter two professional and one personal reference in the References page of the application.
