Senior Director of Investment Accounting

Baylor University • Waco, TX

5d

About The Position

Baylor University’s Controller’s Office is seeking a Senior Director of
Investment Accounting to join the team. As the Senior Director of Investment
Accounting, you will be responsible for providing leadership, integrity and
oversight of the University’s investment accounting and reporting functions.
This role ensures accurate accounting, valuation, reporting, and compliance for
the University’s endowment, operating investments, split-interest agreements,
and other invested assets. The Senior Director will work closely with the
Investment Office, external investment managers, custodians, and auditors to
ensure transparent and compliant financial reporting in accordance with U.S.
GAAP, donor restrictions, and higher education regulatory requirements. This
position requires deep expertise in Fair Value Measurements (ASC 820) and a
strong understanding of endowment accounting and complex investment vehicles as
well as high ethical standards and a fiduciary mindset.

A bachelor's degree in finance, accounting or a related field, a CPA and 7 years
of experience are required. A master's degree and 10 or more years of relevant
experience is preferred.

The successful candidate will exhibit the following skills, abilities and other
characteristics:

Requirements

• Strong technical accounting expertise, including experience with complex investment vehicles and endowment accounting
• Exceptional analytical ability with a high level of accuracy and attention to detail
• Ability to manage multiple priorities, meet deadlines, and perform effectively under pressure, both independently and collaboratively
• Capacity to build effective working relationships across all levels of the organization
• Sound judgment, professionalism, and the ability to manage sensitive information with strict confidentiality
• Clear and effective written and verbal communication skills
• Professionalism, tact, and diplomacy when navigating complex or sensitive situations with diverse stakeholders
• A bachelor's degree in finance, accounting or a related field, a CPA and 7 years of experience are required
• Applicants must currently be authorized to work in the United States on a Full-Time basis.

Nice To Haves

• Prior experience in nonprofit, college, or university environments preferred
• A master's degree and 10 or more years of relevant experience is preferred.

Responsibilities

• Direct the accounting for the University’s non-operating funds, including preparation and review of journal entries and oversight of investment reporting (monthly endowment balances, analyses and changes, annuity trial balance, and restricted non-scholarship trial balance reports)
• Conduct the review, analysis, reconciliation and correction of transactions and balances in the nonoperating accounts
• Oversee the University's compliance with endowment and annuity agreements
• Maintains endowment distribution schedules in accordance with donor agreements, provides book and market values, distributions, and expenditures to Advancement for annual donor reporting, and performs secondary review and approval of journal entries as needed
• Oversee brokerage account and determining/communicating gift value for stock gifts
• Development and implementation of effective control procedures and adequate documentation
• Directs the University’s investment accounting and reporting functions, including maintaining close collaboration with the Investment Office, overseeing preparation of investment journal entries and receipts, and reviewing or preparing investment allocation reports
• Coordinate investment accounting activities with the University Investment Office, external investment managers, and bank trust departments, including monthly reconciliations, fund transmittals and distributions, recording account activity, and oversight of statement adjustments
• Prepare and/or coordinate, review and approve monthly market value adjustments to sub-fund report, investment manager reports, bank trust statements, stock, bond, and real estate holdings
• Development and implementation of effective control procedures and adequate documentation
• Periodically review investment statements to verify proper accounting and financial statement disclosure
• Oversee calculation and recording of endowment and investment earnings for budgeting and planning, including maintaining the endowment model and dividend calculations, projecting distributions for endowment and endowed chair accounts, coordinating account listings, and communicating projections to the Budget Office, Financial Aid, Provost, and academic business offices
• Oversee and/or prepare audit workpapers and financial statement footnotes for endowment and investments, and coordinate investment accounting matters with external auditors
• Track and provide endowment and investment information related to various sections of Form 990
• Perform all other duties as assigned to support the Controller's Office as well as Baylor’s mission
• Ability to comply with University policies
• Maintain regular and punctual attendance

Benefits

• eligible employees receive a comprehensive benefits package that includes medical, dental, and vision insurance, generous time off, tuition remission, and outstanding automatic retirement contributions

What This Job Offers

• Job Type: Full-time
• Career Level: Director