Berklee College of Music – Boston
Assistant Director of Accounting, Endowed Funds and Investments
Under the direct supervision of the Controller and working closely with the Director and Associate Director of Accounting and other departmental staff, the Assistant Director of Accounting serves as an integral member of the Accounting Department in the preparation, maintenance, and reporting of Berklee’s accounting information. The Assistant Director works closely with the Director and Associate Director to manage month end and year end closes, complete timely gift reporting requirements and support the year end audit. The Assistant Director supports Associate Director and Director in maintaining the College’s endowment and investment module and data, supporting the accounting process and cycles, and in other special projects as needed.
ESSENTIAL FUNCTIONS/PRIMARY DUTIES AND RESPONSIBILITIES:
Investment Accounting – manage accounting records for College investments and serve as liaison to investment consultants. Prepare monthly analytical reports on Investments.
Unitized Accounting – manage unitized accounting records which establishes a share value for investment assets to be used in allocating investment income to various funds and to monitor and evaluate investment performance of each fund component. Assemble reports for investment managers, update College accounting records and use information to update unitized asset schedule.
Net Assets – ensure proper financial statement classification for all net assets.
Contribution receivable – reconcile new pledges with Institutional Advancement, ensure proper documentation is in place, and record present value discounting and allowances.
Fund discrepancies – reconcile inter fund accounts and notify Director of any significant or unusual variances.
Responsible for reconciling selected Federal funds. Work with payroll office to resolve discrepancies in Federal Work Study.
Complete and files the annual NACUBO Endowment survey.
Accounting Cycle Management and Year End Support
- Work closely with the Director and Associate Director in preparation and management of the month end closes.
- Preparation of the work paper package for the fiscal year-end audit for the assigned funds as well as any related special generation of assigned schedules.
- Assist with providing audit and tax partners necessary documentation and information from investment managers.
- Maintains job aids and communications with gift managers regarding changes in transactional gift processes.
Policies & Procedures
Recommend and implement accounting policies, procedures, and best practices by working closely with the Director, Associate Director, Controller, and Vice President of Finance to evaluate, implement, and enhance accounting systems.
Stays up to date with Generally Accepted Accounting Principles and FASB relating to revenue recognition, gift accounting, investment accounting and any other accounting principles necessary to accurately manage role.
Additional Duties and Responsibilities:
- Other ad hoc duties as assigned.
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
Bachelor’s Degree in Finance, Accounting, or related major is required. Masters in Business Administration with a focus in Finance or Accounting is desired.
Minimum of 5-7 years of related financial accounting experience, demonstrated ability to develop and analyze financial information. Prior experience in higher education and/or with a public accounting firm is preferred.
Excellent accounting software program skills, including advanced Excel skills required. Demonstrated ability to utilize software applications in the tracking and analysis of accounting information. Workday and/or Raisers Edge experience is a plus.
Must demonstrate a collaborative working style and ability to build strong relationships with internal and external representatives, at varying levels in the organization.
Able to lead a process in a highly collaborative environment to achieve agreed-upon objectives.
Proven ability to handle sensitive data with discretion, creatively solve problems, and both design and improve processes in an expanding operation.
Must possess excellent verbal and written communication skills.
Strong leadership skills and ability to exercise considerable judgment, discretion, and diplomacy.
Demonstrate capacity to develop and foster effective working relationships with individuals and organizations reflecting a broad range of identities, perspectives and experiences.
Organized, flexible, and able to prioritize/manage multiple tasks simultaneously in a fast-paced environment. Ability to execute quickly as needed.
Incomplete applications will not be considered. The position will remain open for applications until filled.
This document does not create an employment contract, implied or otherwise, other than an “at will” employment relationship.
Diversity, Equity, Inclusion & Equal Employment Opportunity at Berklee:
We support an inclusive workplace where everyone excels based on personal merit, qualifications, experience, ability, and job performance. Berklee affirms that inequality is detrimental to our faculty, staff, students, and the communities we serve. Our goal is to make lasting change through our actions. Berklee is committed to providing fair and equitable consideration of all employees and applicants without regard to race, color, religion, ancestry, age, national origin, place of birth, gender, sexual orientation, gender identity or expression, disability, genetic information, or status as a member of the armed forces or veteran of the armed forces, or any other category protected by federal, state, or local law.
As part of this commitment, Berklee will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Team at [email protected] or call 617-747-2375.
Berklee is committed to increasing the diversity of our institution, community, and the curriculum. Candidates who can contribute to that goal are encouraged to apply and to identify their strengths in this area.
*Currently enrolled Berklee students are not permitted to apply for staff or faculty positions.*