GENERAL ACCOUNTING MANAGER - ENDOWMENT & INVESTMENTS
Location: Oakland Job ID: 13310
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Under UCOP's Chief Financial Officer Division, Financial Accounting provides numerous systemwide support functions, including financial management and reporting in connection with employee benefits, debts, federal and other extramurally funded projects, endowment funds, and campus foundations. Under the Financial Accounting group, the Corporate Accounting unit is responsible for UC financial accounting policy and the consolidated financial reporting under generally accepted accounting principles for campuses, medical centers, University of California Retirement System and foundations. This unit maintains the Corporate Financial Reporting (CFR) system and coordinates the systemwide annual fiscal close and external audit. In addition, Corporate Accounting is responsible for UC debt accounting, reporting and administration and provides technical accounting guidance on unusual/nonrecurring transactions.
Also under the Financial Accounting Group, the Endowment & Investments Accounting unit is responsible for centralized accounting and financial reporting for endowment funds, campus foundations, other UC affiliated organizations and planned gifts. This area is also responsible for participant accounting for the University's investment pools portfolio of over $120 billion (General Endowment Pool, Short Term Investment Pool and Total Return Investment Pool) including recording and reconciling investment transactions, as well as accounting and recording investment activity for the University of California Retirement Plan (UCRP) and University of California Retirement Savings Plan (UCRSP) funds, including pool processing for the UCRP and Department of Energy Laboratory segments.
Reporting to the Director of Corporate Accounting, the Accounting Manager would be responsible for managing, preparing, administering and directing the work done in the areas of General Accounting and Endowment & Investment Accounting. This includes maintaining accurate accounting records for UCOP encompassing developing, implementing and monitoring accounting systems, policies and procedures. The Accounting Manager will work with the Capital Assets & Debt Accounting Supervisor as a recognized subject matter expert who functions in the following areas:
- Oversees and coordinates the University's monthly and annual fiscal closing operations with other local and systemwide departments and campuses. Assists internal and external auditors in the audit of the University's records and resolves audit issues.
-Develops accounting and reporting policy and procedures in response to Governmental accounting Standards Board (GASB) and other external and internal requirements.
- Provide specialized accounting assistance and coordination to campuses on general accounting and endowment and investment accounting matters.
- Supervise the accounting and reporting of over 5,000 participants in the University's investment pools.
- Analyzes agreements and performs accounting research to provide accounting instructions necessary to properly record the transactions to campuses and medical centers. interprets the application of procedures to campuses.
- Participates in the development, implementation, testing and maintenance of the endowment and investment accounting system, general ledgers for the UCOP and certain systemwide functions, and consolidated corporate financial reporting system.
- Lead projects with systemwide impact that include formulating strategies and administering policies, processes and resources that affect immediate operations and may also have systemwide effect. Erroneous decisions or failure to achieve goals results in additional costs and personnel and serious delays in overall schedules.
Directs and monitors staff to complete assignments using established guidelines, procedures and standards related to the University's endowment & investments portfolio and general accounting activities. This role is responsible for overseeing the participant accounting for the University's investment pools and separately managed assets portfolio of over $100 billion. Oversees the state educational appropriations claim processing for the entire University and a key player in preparing the University's annual financial report and State of California reporting requirements. Supervises a team of 8 accountants in various areas of including the timely closing of month-end and annual financial and endowment journals; state appropriation reconciliations; financial control and other intercampus transactions; loan fund transactions; extramural fund matters; Department of Energy Laboratory matters; Corporate Financial System submissions; Cash management, cashiering and credit card coordination and bank account reconciliations.
Establishes accounting procedures for areas other than capital assets and debt for the entire University of California system. Acts as an advisor to campuses, medical centers, Budget and others and become actively involved, as required, to meet schedules and resolve problems. This includes interpreting, implementing and establishing procedures necessary for the ensure compliance with University and external requirements. Provides specialized accounting assistance, training, advice and coordination to campuses and other OP departments. Regularly participates in interactions to exchange or present accounting information.
Establishes and recommends changes to accounting and reporting policy and procedures in response to Governmental Accounting Standards Board (GASB) as well as other external and internal requirements. Ensures the accurate compilation, analysis and reporting of accounting data. Provides technical accounting guidance on unusual/nonrecurring transactions.
Leads and a key participant the development, implementation, testing and maintenance of the endowment and investment accounting system, general ledgers for the UCOP and certain systemwide functions, and consolidated corporate financial reporting system. Maintains chart of accounts to meet reporting needs. Provide assistance in the retrieval of data from the system.
Coordinates annual fiscal closing operations with other systemwide departments and campuses and participates in the annual financial statement audits and special projects. Assists internal and external auditors in the audit of the University's records and resolves audit issues.
Broad knowledge of the organization's operational, personnel, and financial transactions and systems.
Broad knowledge of financial transactions and systems, as well as related policy, accounting, and regulatory compliance requirements.
Thorough interpersonal skills and ability to work effectively across the organization at all levels.
Strong skills using common desktop / web applications.
Broad service orientation skills; proven ability to multi-task effectively in a varied, high volume environment; sound judgment and decision-making skills; and reasoning ability to develop original ideas to solve problems.
Basic knowledge of industry best practices.
Strong verbal and written communication skills.
Proven ability to lead and develop a team
Experience with large organizations
Experience in Oracle Cloud Financials and other Oracle Cloud - Enterprise Performance Management solutions
Experience in Fundriver (endowment accounting software)
Bachelor's degree or higher in accounting, finance or related area and seven or more years of progressively responsible experience in accounting and financial analysis or equivalent combination of education and experience.
Certified Public Accountant (CPA)
SALARY AND BENEFITS
Salary: Commensurate with education and experience.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is Decemebr 16, 2020. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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