Endowment Accounting Associate

Utimco•Austin, TX

7d•Onsite

About The Position

This position is responsible for a broad range of accounting, operational, reporting, and analytical activities supporting individual endowments and institutional investment accounts. It supports the integrity and accuracy of accounting and reporting systems, ensures timely delivery of required reporting to internal and external stakeholders, and partners with UT System institutions, and UTIMCO teams. The role requires strong accounting expertise, attention to detail, sound judgment, strong presentation and communication skills, and the ability to operate independently while contributing to a collaborative team culture.

Requirements

Bachelor's degree in accounting
Minimum of 7 years' experience in accounting
Thorough understanding of endowment and accounting processes and workflows
Competency with applications and technology tools used in team processes and workflows
Highly responsible and takes ownership of their assignments and work product
Ability to manage multiple assignments and priorities
Elevated attention to detail
Strong verbal and written communication skills, with the ability to interact effectively with internal teams and external partners
Strong presentation skills and ability to communicate clearly and confidently
Collegial team player possessing intellectual curiosity, sound judgment, and thoughtfulness
Constructive, “can do” attitude committed to consistently doing what is in the best interest of the organization and clients
Unquestioned honesty, integrity, and transparency
Cultural fit is a must in a respectful, collegial, and open working environment
Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and data visualization tools (e.g., Power BI)
NOTE: This role requires in-office, 4 days a week, Monday thru Thursday.

Nice To Haves

Tax expertise is strongly preferred
Minimal travel is required

Responsibilities

Individual Endowment Accounting & Reporting Maintain and support ledger for internal accounting systems for individual private endowments and other long-term or separately invested funds, including transactions, journal entries and reconciliations
Review and process quarterly unit purchases, withdrawals, transfers, and distributions
Prepare quarterly Endowment Reports and Component Reports
Calculate monthly individual endowment performance
Support donor and client reporting needs
Build and maintain strong relationships with UT System and UT institution Development and Treasury Offices
Provide Development Office support, including distribution projections, donor inquiries, training on online reporting tools, and ad hoc requests
Coordinate and deliver quarterly training and market updates to UT Institution partners
Oversight of Reporting Systems & Applications Monitor all UTIMCO online applications including Component Reporting Information System (CRIS), Endowment Reporting, Component Reporting, and Component Account Maintenance System (CAMS) for data accuracy and help resolve system issues as needed
Oversee transactions and processes within the Client Management System (cash application)
Ensure accuracy and internal control effectiveness for all cash transfer processes
Conduct daily monitoring and rebalancing among money-market fund providers
Provide overall support for UT System and UT Institutions Charitable Remainder Trust (CRT) Accounting & Reporting
Prepare and review required tax forms and donor reporting for charitable remainder trusts
Ensure adherence to IRS rules and regulations; maintain current knowledge of any changes or updates to tax rules and research any complexities as they arise
Calculate periodic CRT distributions and account for all activity and rebalancing as needed
Support UT System and institution inquiries regarding existing and new CRT agreements