Director, Endowment Administration and Analysis (VPUR)

University of Maryland•College Park, MD

About The Position

The Director, Endowment Administration and Analysis, reporting to the CFO, will be part of the Foundation’s leadership team, contributing to strategic decisions both within and beyond the endowment function. As a primary function, the director will oversee the administration of a portfolio of over a billion dollars, comprising Endowments, Quasi Endowments, and Trusts and Annuities. This position will serve as the point of contact with Financial Institutions and Investment Managers, collaborate with university relations and donor relations to provide specialized reporting for donor requests, and serve as the liaison between the Foundation and the University on all endowment related matters. The Director will also provide high-level analysis and interpretation of financial data to inform decision-making by Senior Leadership and Board Members, supervise all endowment related accounting and financial functions, review all endowment gift agreements to ensure compliance with regulations and provide endowment schedules and footnotes for inclusion in the Audited Financial Statements. The Director will ensure accurate and timely filing of all required Annuity reporting to State agencies, ensure compliance with regulatory requirements, accounting standards, and internal policies related to endowment management, and develop official Foundation endowment policies and procedures. The Director will also facilitate, in collaboration with the Assistant Treasurer University of Maryland College Park Foundation, the cash management of all endowed funds. The Director will stay informed about developments in accounting standards, investment regulations, and best practices related to endowment management, and make recommendations for process improvements as needed.

Requirements

Bachelor’s degree from an accredited college or university.
Ten (10) years of professional accounting or finance experience.
Five (5) years of experience supervising or managing professional staff.
Knowledge of finance functions including general accounting, statistical, or financial functions.
Knowledge of business acumen to understand key business drivers, organizational communications, and data.
Skill in oral and written communication.
Skill in data analytics and negotiation.
Skill in the use of Microsoft Office products.
Ability to research information and analyze complex data and information to create reports and presentations.
Ability to exercise independent judgment and discretion.
Ability to develop and administer new policies and procedures.
Candidates must be able to provide proof of ongoing eligibility to work in the USA.

Nice To Haves

Advanced degree
CPA or CFA
Experience managing large ($100M+) endowments, especially in higher education
Experience with endowment management platforms or investment performance software (Endowment Resources, Investran, eFront, etc.)
Familiarity with nonprofit accounting standards, including ASC 958 and gift annuity regulations, as applicable to endowment administration and financial reporting
Experience with audit processes
Understanding of endowment and investment-related compliance issues
Experience with Financial Edge NXT, Workday Finance / FP&A
Demonstrated ability to present complex financial information to non-financial audiences including board members and senior executives
Mastery of Excel, including complex functions, modeling, graphing and communication tools
Willingness to dig deep and get answers
Extraordinary attention to detail; comfort in high-profile situations
Comfort with ambiguity and evolving priorities
Commitment to UR and UMCPF values
Upbeat, positive energy, fun to work with

Responsibilities

Oversee the administration of a portfolio of over a billion dollars, comprising Endowments, Quasi Endowments, and Trusts and Annuities.
Serve as the point of contact with Financial Institutions and Investment Managers.
Collaborate with university relations and donor relations to provide specialized reporting for donor requests.
Serve as the liaison between the Foundation and the University on all endowment related matters.
Provide high-level analysis and interpretation of financial data to inform decision-making by Senior Leadership and Board Members.
Supervise all endowment related accounting and financial functions.
Review all endowment gift agreements to ensure compliance with regulations.
Provide endowment schedules and footnotes for inclusion in the Audited Financial Statements.
Ensure accurate and timely filing of all required Annuity reporting to State agencies.
Ensure compliance with regulatory requirements, accounting standards, and internal policies related to endowment management.
Develop official Foundation endowment policies and procedures.
Facilitate, in collaboration with the Assistant Treasurer University of Maryland College Park Foundation, the cash management of all endowed funds.
Stay informed about developments in accounting standards, investment regulations, and best practices related to endowment management.
Make recommendations for process improvements as needed.