Senior Endowment & Fund Accountant

Posting 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 Date

Job Close Date 11/30/2026

Special Instructions to Applicant

Please enter two professional and one personal reference in the References page of the application.