Review and reconciles investment accounts including both the long-term and short-term pools along with planned gift portfolios.
Performs all appropriate review of transactions codes used for tracking investment balances and other activity to ensure completeness of records.
Responsible for generating, monitoring, updating and ensuring accuracy of multiple monthly allocations of investment activity across approximately 1500 projects.
Calculates quarterly rebalancing to appropriate allocation between the long-term and short-term investment pools and monitors for monthly adjustments that may also need to be made.
Provides information and Technical assistance regarding all invested funds.
Monitors cash balances to ensure targets for pools are met and available. Coordinates closely with Portfolio Manager and Investment Analyst.
Responsible for preparing investment schedules, confirmations and work papers for annual financial audit.
Calculates and records quarterly management fees for the long-term and short-term investment pools.
Provides any necessary reporting.
Real Estate Accounting
Records and tracks monthly rent payments. Conducts due diligence of all leases and provides follow-up steps as necessary for any corrective measures with tenant. Prepares all general ledger entries associated with rental activities.
Generates monthly depreciation journal entries through Blackbaud Fixed Asset System.
Maintains and updates Fixed Asset System. Recommends process changes to improve efficiency of the system.
Reviews and monitors income and expense of real estate activities.
Provides quarterly cash flow analysis for rental activities.
Responsible for all accounting activities associated with 4 real estate LLCs.
Calculates and records derivative activities associated with interest rate swaps
Supports the Board of Directors Real Estate committee by preparing the quarterly real estate dashboard along with other reports as necessary.
Manages leases with tenants and coordinates with MUSC leasing office and property management as necessary.
Responsible for overseeing insurance program for property coverage to manage risk exposure for the Foundation. Serves as liaison with Insurance brokers and carriers.
Prepares all reports, schedules, and disclosures related to real estate for the annual financial audit.
Provides assistance to COO and Controller with complex special projects.
Bachelor’s degree in Accounting with at least 3-5 years of accounting work experience. CPA preferred. Keen interest and basic knowledge of finance investing, and statistics. Strong Microsoft Excel and PowerPoint skills. Ability to perform qualitative and quantitative analysis. Organized, inquisitive, diligent, and self-directed. High standards of work quality and presentation.
The Medical University of South Carolina (MUSC) Foundation was chartered in 1966 as a charitable, educational foundation to support the education, research, patient care and other programs at the Medical University. The foundation is a 501(c)(3) tax-exempt organization, contributions to which are tax-deductible.
Since its beginning, the MUSC Foundation has encouraged such worthwhile academic enterprises as endowed professorships, scholarships, the acquisition and development of campus facilities to serve student, teaching, research or clinical needs, and awards in honor of academic excellence. In addition, it has encouraged achievements in biomedical research.