Trust Accountant

The Salvation Army Eastern Territory•West Nyack, NY

1d•Hybrid

About The Position

The Trust Accountant is principally responsible for assisting the Senior Investment Accountant with the accounting, reporting and analysis of the Salvation Army’s $2 billion investment portfolio. This role ensures accurate financial reporting, compliance with accounting standards, and effective monitoring of investment activity. The Trust Accountant will also assist the Trust Assistant Accountants in the processing of Trust deposits and Trust withdrawal requests. Based in West Nyack, NY, this position requires approximately 35 hours of work per week and is eligible for a hybrid work arrangement (3 days onsite/ 2 days remote) after three months of employment.

Requirements

Bachelor’s degree (accounting preferred).
3+ years of experience in general accounting or finance.
Familiarity with SylogistMission ERP a plus.
Experience in investment accounting recommended.
Advanced Excel skills; proficiency in data analysis and reporting.
Strong analytical, problem-solving, and organizational skills.
Effective communication skills, verbally and in writing.
Ability to work as a team and collaborate with other stakeholders.
Maintain a high level of professionalism and confidentiality.

Nice To Haves

Familiarity with SylogistMission ERP a plus.
Experience in investment accounting recommended.

Responsibilities

Perform daily, monthly, quarterly, and/or annual preparation/reconciliations of key reports, including but not limited to portfolio reconciliation, investment earnings reallocation, rate of return analysis, investment and rollforward schedules, investment consultant performance analysis and investment manager fee calculations.
Maintain detailed investment accounting records, inclusive of review of capital calls and distributions recording.
Retrieve supporting statements from custodial platform (BNY).
Prepare wire transfers (BNY NEXEN) and obtain authorization from Department Leadership.
Prepare investment master plan re-allocation and summary reports and other necessary forms for management review.
Communicate with investment custodian, external investment consultant and portfolio managers for information requests and inquiries.
Monitor monthly BNY Mellon Capital Markets brokerage accounts for THQ and Commands.
Prepare monthly 1964 employee pension plan journal entries, monitor cleared payments, deposits, and general ledger (“GL”) accounts.
Assist with preparation of investment-related footnotes and financial statement disclosures.
Support annual external audit, including preparation of audit schedules.
Assist with preparation of Trust deposits for entry into the GL. This includes, but is not limited to contributions, legacies and bequests, third party trust income, property sales, and intercompany transfers.
Assist with preparation of Trust withdrawal requests. This includes both property and non-property related transactions.
Review, analyze and reconcile Trust funds on a monthly basis, including suspense and construction reserves.