Senior Accountant, Investments and Funds

East Bay Community Foundation | Oakland, California

Background

Founded in 1928 and supported by over 400 local donors, the East Bay Community Foundation partners with fund holders, social movements, and the community to eliminate structural barriers, advance racial equity, and transform political, social, and economic outcomes for all who call the East Bay home. The Foundation is committed to advancing a Just East Bay; where all members of our community are treated fairly; resulting in equitable opportunity and outcomes for all. Today, EBCF manages over $800 million in community-based assets and offers charitable tools, funds, and investment options to enable donors to give smartly. 

Job Summary

EBCF seeks an experienced Senior Accountant who is able to work well both independently and collaboratively and has exceptional attention to detail. This person will be responsible for all investment and fund Accounting, and should be comfortable working in a dynamic environment that is experiencing change and growth.

Reports To

Chief Financial Officer

Responsibilities

Core Responsibilities
Investments

  • Perform all investment accounting related duties for a large portfolio of accounts including:
    • Monthly or quarterly, complete complex account reconciliations, analyzing and recording investment related revenues and expenses, including realized and unrealized gains (losses), interest and dividends, and investment advisory costs
    • As appropriate, record capital calls, distributions, fair market value adjustments, write-downs, conversions, etc. for relevant investments
    • At least annually, analyze and record activity for other assets, including charitable remainder trusts and insurance policies
  • Act as the co-liaison with financial institutions used for investments
  • Implement and maintain information system for investment fair value accounting
  • Prepare internal and external monthly, quarterly and annual financial reporting and analysis, including the Quarterly Investment Performance Report for donors, and Board Committee Reports

Funds

  • Perform all fund accounting related duties including monthly and quarterly, as appropriate, calculating, analyzing and recording fund related operating revenues, including management fees, gift service fees, internal program management costs for reimbursement, and investment advisory fees
  • Quarterly, produce accurate fund statements for donors
  • Perform additional finance tasks for all support organizations on an accurate and timely basis, including quarterly financial statements with footnotes and supporting schedules, tax workbook preparation and filings, attorney general filings, draft board minutes, etc.
  • Manage calculations of annual spending amounts available for endowment funds
  • Prepare internal and external monthly, quarterly and annual financial reporting and analysis, including the Quarterly Investment Performance Report for donors, and Board Committee Reports

Master Files

  • Maintain master files for all bank and investment accounts, including:
    • Maintain a comprehensive list of all bank and investment accounts, including key data including the nature of the account, staff with online access, and all authorized signers.  Rate each account for level of complexity, to enable account reconciliations to be shared amongst finance staff
    • Work with banks and investment managers to ensure data is accessible online timely whenever possible
  • Maintain master files for all funds, including:
    • Review and adjust fund profiles, comparing them with corresponding agreements, proposals/applications, budgets, etc.
    • Once fund profiles are approved, input new funds and set-up fees, etc. within FIMS, confirming all key documents have been saved to the Funds shared drive
    • When fund closures are proposed, complete all relevant actions on the checklist and request approval.  Once approved, process fund closures within FIMS, confirming all key documents have been saved to the Funds shared drive

Support

  • Coordinate and support all fund and investment related data for year-end external audit & IRS Form 990 tax filing
  • Assist Controller & CFO on special inquiries or projects

Qualifications

Qualifications

  • B.A degree in accounting or related field; three years or more of related experience and/or training; or equivalent combination of education and experience

Additional Requirements:

  • Interest and commitment to the Foundation’s mission, community service and justice
  • Hands-on experience with investment accounting, and quick to learn different automated financial systems
  • Advanced Excel skills and knowledge of Microsoft Word
  • Detail oriented, excellent data review and processing skills, and motivated by working with systems
  • Self-starter and motivated team player; ability to manage time, meet deadlines, work well independently and collaboratively and set priorities in a fast-paced, multi-task environment
  • Comfortable working in a dynamic organization and helping implement changes
  • Strong verbal and written communication and interpersonal skills
  • Non-profit and fund accounting experience preferred
  • Familiarity working with FIMS or at a Community Foundation is a plus

How to Apply

To apply, please email a cover letter and resume to jobs@eastbaycf.org by Monday, October 5th.  Please use the subject line: EBCF Sr. Accountant Application. Submission via one combined PDF or Microsoft Word file is preferred. Resume review begins immediately.

East Bay Community Foundation

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Organization: Foundations