Associate Director, Endowment Management
Wayne State University is searching for an experienced Associate Director, Endowment Management at its Detroit campus location.
Wayne State is a premier, public, urban research university located in the heart of Detroit, Michigan where students from all backgrounds are offered a rich, high-quality education.
Our deep-rooted commitment to excellence, collaboration, integrity, diversity and inclusion creates exceptional educational opportunities which prepare students for success in a global society.
Essential functions (job duties) :
Job Purpose This Associate Director, Endowment Management will lead Treasury’s Endowment & Gift Management Team which consists of endowment accounting / administration, planned gift administration, and stock donations.
This position will prepare financial statements for the Wayne State University Foundation (the Foundation), serve as a key process partner for the Development Office and the Foundation and manage related day-to-day operations, process improvement, implementation, and the management of staff.
This role reports to the Assistant Vice President of Treasury.
Essential Functions
- Prepares detailed, accurate, and timely monthly, quarterly, and annual investment journal entries, reports, statements, and reconciliations.
- Reconciles investment manager and custody statements.
- Records financial transactions into the University's accounting system, including quarterly endowment distributions, quarterly unitization processes, and the transfers of funds between accounts.
- Lead the endowment related audit work, draft the Foundation’s financial statements, and support the University’s audit.
- Performs cash flow analysis to determine the appropriate amount of fund liquidity necessary to meet the short-term obligations of the endowment.
- Documents investment accounting processes and procedures.
- Creates and updates tools and resources for end users.
- Advises on endowment policy issues.
- Manages multiple complex projects simultaneously.
- Keeps current and compliant with best business practices and changes in relevant regulations, laws, and accounting pronouncements as they occur.
- Provides leadership and day-to-day supervision to assigned professional staff. Coaches, counsels, and trains staff. Answers questions and resolves problems as needed.
- Supervises the administration, accounting, and reporting for planned gifts and trusts and provides back up support. Consult, analyze, and review proposed planned gifts.
- Perform other related duties as assigned. (Including but not limited to, process improvements, system implementation, cross-team support).
- Analyzes and reports on the endowment and other restricted gifts to campus constituencies.
- Prepares (or reviews) annual surveys (, NACUBO) and other annual and ad hoc requests for investment data, including requests from the Development Office, Schools / Colleges / Divisions.
- Prepares (or reviews) tax, regulatory, agency, University, donor, and ad hoc reports.
- Cross-trains in Treasury, including cash management and debt operations.
WORK CONTEXT Job Reports to : Vice President / AVP / Dean.Leadership Accountability : Implements operating plans.Supervisory Accountability : Supervises professionals and non-managers.
Organizational Accountability : Manages sub-unit of a department. Financial Accountability : Approves expenditures. Customer Accountability : Interfaces with officials and executives.
Freedom to Act : Subject to general input from supervisor.
Qualifications :
MINIMUM QUALIFICATIONS Education
- Bachelor's degree.
- Certified Public Accountant (CPA) preferred.
Experience
- Specialist (minimum 5 years of job-related experience).
- Minimum five years of accounting experience in progressively responsible roles. Experience in accounting for complex investment portfolios.
- Proficiency required in Microsoft Office products, including Word, PowerPoint, Excel, Outlook, and accounting software.
Knowledge, Skills, and Abilities Operational
- Solid knowledge of GAAP, GASB, endowment investment accounting, and fund accounting.
- Knowledge of planned gift accounting.
- Endowment unitization process and activities.
- Proven ability to apply broad conceptual judgment, initiative, and ability to deal with complex accounting issues.
- Ability to extract, interpret, and leverage data including but not limited to developing spreadsheets and using databases for analysis and operational support.
- Ability to understand, interpret, and articulate complex information to multiple audiences.
Collaboration, Leadership & Management.
- Foster and build strong relationships with the University stakeholders.
- Work with a diverse workforce.
- Ability to express oneself clearly and emphatically in interactions with others in all forms of communication.
- Provide strategy-driven, peer-to-peer leadership to colleagues within Treasury and across the University.
- Lead and move projects forward effectively.
- Strong interpersonal skills and customer service.
- Ability to train, mentor, and develop staff.
- Successfully navigates the complex structure of a decentralized University.
- Commitment to continuous process improvement.
School / College / Division :
H82 - Fiscal Operations
Primary department :
H8203 - Cash Management & Investments
Employment type :
- Regular Employee
- Job type : Full Time
- Job category : Staff / Administrative
Funding / salary information :
Compensation type : Annual Salary
Working conditions :
- Office Environment.-Weekend and evening hours based on business needs required. -Limited out-of-state travel to conferences and training required.
- Ability to travel across campus.
Job openings :
- Number of openings : 1
- Reposted position : No
Background check requirements :
University policy requires certain persons who are offered employment to undergo a background check, including a criminal history check, before starting work.
If you are offered employment, the university will inform you if a background check is required.