Trust Accounting Manager

The Salvation Army USA Central Territory•Hoffman Estates, IL

23h•Onsite

About The Position

Make an impact beyond the numbers. At The Salvation Army, every dollar tells a story—and as our Trust Accounting Manager, you’ll help ensure those resources are managed with integrity, purpose, and care. In this role, you’ll lead the oversight of trust and endowment funds, guide a dedicated accounting team, and play a critical part in supporting programs that change lives every day. If you’re a detail-driven leader who values both financial excellence and meaningful work, this is an opportunity to bring both together.

Requirements

Four-year degree in accounting or related field or higher
Ten years general accounting experience which includes managerial responsibility
OR: Any equivalent combination of training and experience which provides the required knowledge, skills, and abilities
Must have a thorough understanding of GAAP (Generally Accepted Accounting Principles)
Must be computer literate and proficient in Microsoft Excel
Must be trustworthy, organized and have the ability to prioritize and complete responsibilities within prescribed deadlines
Ability to speak, read, and write English in a manner that is sufficient for effective communication with supervisors, employees, beneficiaries and customers; and to perform the requirements of this job.

Nice To Haves

CPA preferred but not required
Knowledge of Acumatica is preferred, but not required.

Responsibilities

Ensure the accurate accounting of the Property, Board Designated, Donor Restricted and Donor Endowment Funds in accordance with GAAP and TSA policies and procedures.
Supervise the day to day activities of the trust section.
Mentoring and training accounting staff to ensure their performance aligns with Trust processing goals.
Oversight of all General Ledger activity and reconciliations related to divisional Trust accounts (unrestricted, temporarily restricted and permanently restricted Trust funds) housed at THQ.
Coordinate system and processing changes related to Trust matters and analyzing significant impact.
Assign/reassign job duties as needed to meet monthly goals.
Continuous review of Trust ledgers including working closely with divisional professional staff regarding variances.
Primary liaison with Property department regarding property project funding tracking of specific project pertaining to complex funding resources and budgets.
Liaison with Planned Giving regarding split-interest agreements including the preparation of accounting entries for split-interest agreements in Legal files.
Liaison with Student Services department regarding new student loans setup, payment and reconciliation matters.
Set up new trust accounts in accordance with TSA policies and requested by the Legal Department and USC Finance as deemed necessary.
Generating monthly Trust Territorial Finance Council (TFC) management reports.
Review monthly Trust reports produced by the Accountants.
Coordinate the review and release of Trust Ledgers and Multi-Dimensional Analysis financial information to the divisions and ARCC.
Resolve reporting issues with divisions and departments related to Trust accounts.
Oversee the internal mortgage billings and reconciliation process.
Oversee the student loan monthly reconciliation process for approximately 300 accounts.
Update and prepare check requests pertaining to KROC endowment accounts.
Prepare high-level journal entries as needed.
Review monthly divisional interest payment check requests prepared by Accountants.
Oversight of endowment roll-forward calculations for 600+ accounts.
Preparation of endowment withdrawal availability report for said endowment accounts to divisions.
Review of Trust TFC quarterly report.
Oversight of the Non-Trust Transfer reports to divisions and ARCC.
Preparation of the Self-Denial report to IHQ.
Yearbook Missionary Projects report.
Preparation of financial reporting to the Clara H Miller Endowment account donor.
Maintaining GAAP compliance through timely preparation and review of year end audit schedules for all Trust account categories (unrestricted, temporarily restricted and permanently restricted), vehicle and equipment depreciation schedules, Property related schedules such as sales/capitalized projects and other fixed asset divisional reporting.
Preparation of the Abbott Endowment Financial Statements and related footnotes.
Preparation of assigned consolidated audit footnotes and supporting workpapers.
Uploading reports/schedules.
Aide Assistant Controller with miscellaneous audit questions and resolutions as pertaining to the Trust section.
Continue to oversee that the financial software conversion is working properly as it pertains to trust.
Manage/maintain Velixo reporting and ensure reports are working properly with new accounts and activity monthly - continual manual maintenance needed.
Automate and maintain ongoing reports for audit and internal reporting with new software implementation.
Maintain quarterly endowment summaries for divisions’ withdrawals expect to be fully automated by year 5 of software conversion.