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Senior Endowment Accountant

San Jose State University
California, United States
Salary Not Specified
Posted Date
Sep 27, 2022

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Position Type
Faculty Positions, Business & Management, Accounting & Finance, Administrative, Business & Administrative Affairs, Other Business & Administrative Affairs, Financial Affairs, Development & Advancement
Employment Type
Full Time
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Job Summary

Reporting to the Director for Foundation Accounting, the Senior Endowment Accountant is responsible for monthly, quarterly and annual accounting related to the Tower Foundation’s $200+ million endowment, the underlying investment portfolio, financial modelling the annual endowment distribution, forecasting various distribution scenarios, quarterly financial reporting and responding to donor and account holder questions, recommending appropriate action on a wide variety of legal and accounting issues related to endowments, spending budgets and other projects as assigned.

The Senior Endowment Accountant serves as a key liaison between the Tower Foundation and departments throughout the University to resolve issues and answer questions regarding specific gift and endowment funds. The successful candidate is exceptionally well organized and action oriented, a data driven, skilled analyst, excellent listener and thoughtful communicator. The incumbent is also responsible for evaluating & recommending appropriate endowment accounting treatment in accordance with GAAP, GAAS and UPMIFA including but not limited to review of gift agreements, auditing ledgers, preparing data for the investment footnotes in the annual financial statements, preparing and reviewing journal entries, preparing schedules for endowment distribution account holders, monthly investment reconciliations, and performing or reviewing complex account reconciliations. This position has oversight responsibilities of the Fundriver endowment system.

Key Responsibilities
  • Prepares monthly investment reconciliation and analyses and various forecasts, calculates and follows up on variances, prepares audit schedules
  • Reconciles endowment investment statements and analyses, analyses and forecasts trends, reviews investment journal entries
  • Assists with preparation for annual financial statement audit and the triennial Chancellor’s Office audit
  • Responsible for semi-yearly endowment analysis report distributed to deans, and other stakeholders
  • Forecasts future individual endowment distributions based on various giving scenarios
  • Reviews departmental spending, prepares comparative spending analysis
  • Performs control functions, recommends enhancements to internal controls
  • Monitors accounting for endowments, prepares and reviews journal entries, ensures endowment accounts are reconciled and recorded at fair value
  • Reviews Gift Agreements and Planned Giving Instruments; Determines Accounting Treatment; Prepares quarterly endowment donor letters and reports
  • Reviews all endowment gift agreements and planned giving instruments, recommends appropriate classification, sets up new endowment accounts
  • Reviews existing endowment gift agreements to ensure use of expendable funds is in line with donor intent
  • Petitions for changes to gift agreements to comply with current law
  • Ensures endowed scholarships are expended; secures annual return of unexpended funds from Financial Aid per donor instruction
  • Prepares reports sent to update endowment donors on the performance of their funds
  • Communicates with donors as needed to address questions and provides updates as needed to Development Officers for donor visits
Knowledge, Skills & Abilities
  • Current knowledge of GAAP requirements for financial reporting
  • Ability to handle multiple tasks simultaneously and meet deadlines
  • Excellent verbal and written communication skills
  • Ability to establish good working relationships with a diverse population and build trust and partnership across campus
  • Ability to prepare complex schedules for monthly, quarterly and year-end reporting to donors, the campus and account holders
  • Experience building and revising financial models for annual endowment distribution, recommends annual spending rate, prepares materials for Board of Directors approval, and communicates with donors and campus stakeholders
  • Ability to forecasts individual endowment distribution amounts based on various giving scenarios
  • Ensures donor intent is upheld for expenditures from distribution accounts
  • Ability to prepare progress reports, analyses, and informs manager of project status and deviation from goals. Ensures completeness, accuracy and timeliness of all operational functions
  • Maintains endowment and pre-endowment subsidiary ledgers and the Fundriver endowment system
  • Prepares and submits reports and analyses as requested and required
Required Qualifications
  • Equivalent to a bachelor’s degree with a major in accounting, business administration, finance or a closely related field or a combination of education and experience which provides the required knowledge and abilities
  • Equivalent to five years of professional level accounting experience
Preferred Qualifications
  • Bachelor’s degree in Accounting or Business-related
  • Certified Public Accountant (CPA)
  • A minimum of five years in progressive accounting experience will accept equivalent accounting education, training and financial record-keeping)
  • Current knowledge of GAAP requirements for financial reporting
  • Advance MS Excel skills including v-lookup, pivot tables, and macros
  • Strong analytical and problem-solving skills
  • Excellent organization skills with attention to detail
  • Excellent analytical and communications skills


Classification: Accountant III
Anticipated Hiring Range: $7,679/month - $8,000/month
CSU Salary Range: $5,242/month - $10,116/month

San José State University offers employees a comprehensive benefits package typically worth 30-35% of your base salary. For more information on programs available, please see the Employee Benefits Summary .

Application Procedure

Click Apply Now to complete the SJSU Online Employment Application and attach the following documents:
  • Resume
  • Letter of Interest
All applicants must apply within the specified application period: September 27, 2022 through October 16, 2022 . This position is open until filled; however, applications received after screening has begun will be considered at the discretion of the university.

Contact Information

University Personnel

CSU Vaccination Policy

The CSU requires faculty, staff, and students who are accessing campus facilities to be fully vaccinated against the COVID-19 virus (including all booster doses of an approved vaccine for which an individual is eligible per current CDC recommendations) or declare a medical or religious exemption from doing so. As a condition of employment, any candidates advanced in a currently open search process should be prepared to comply with this requirement as well as with other safety measures established on the campus. The system wide policy can be found at and questions may be sent to .

Additional Information

Satisfactory completion of a background check (including a criminal records check) is required for employment. SJSU will issue a contingent offer of employment to the selected candidate, which may be rescinded if the background check reveals disqualifying information, and/or it is discovered that the candidate knowingly withheld or falsified information. Failure to satisfactorily complete the background check may affect the continued employment of a current CSU employee who was offered the position on a contingent basis.

The standard background check includes: criminal check, employment and education verification. Depending on the position, a motor vehicle and/or credit check may be required. All background checks are conducted through the university's third party vendor, Accurate Background. Some positions may also require fingerprinting. SJSU will pay all costs associated with this procedure. Evidence of required degree(s) or certification(s) will be required at time of hire.


All San José State University employees are considered mandated reporters under the California Child Abuse and Neglect Reporting Act and are required to comply with the requirements set forth in CSU Executive Order 1083 as a condition of employment. Incumbent is also required to promptly report any knowledge of a possible Title IX related incident to the Title IX Office or report any discrimination, harassment, and/or retaliation to the Office of Equal Opportunity.

Jeanne Clery Disclosure of Campus Security Policy and Crime Statistics Act and Campus Housing Fire Safety Notification:

Pursuant to the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, the Annual Security Report (ASR) is also now available for viewing at The ASR contains the current security and safety-related policy statements, emergency preparedness and evacuation information, crime prevention and Sexual Assault prevention information, and information about drug and alcohol prevention programming. The ASR also contains statistics of Clery crimes for San José State University locations for the three most recent calendar years. A paper copy of the ASR is available upon request by contacting the Office of the Clery Director by phone at 408-924-1501 or by email at .

Pursuant to the Higher Education Opportunity Act, the Annual Fire Safety Report (AFSR) is also available for viewing at . The purpose of this report is to disclose statistics for fires that occurred within SJSU on-campus housing facilities for the three most recent calendar years, and to distribute fire safety policies and procedures intended to promote safety on Campus. A paper copy of the AFSR is available upon request by contacting the Housing Office by phone at 408-795-5600 or by email at .

Equal Employment Statement

San José State University (SJSU) is an Equal Opportunity/Affirmative Action employer committed to nondiscrimination on the basis of age, ancestry, citizenship status, color, creed, disability, ethnicity, gender, genetic information, marital status, medical condition, national origin, race, religion or lack thereof, sex, sexual orientation, transgender, or protected veteran status consistent with applicable federal and state laws. This policy applies to all SJSU students, faculty and staff programs and activities. Title IX of the Education Amendments of 1972, and certain other federal and state laws, prohibit discrimination on the basis of sex in all education programs and activities operated by the university (both on and off campus).

Advertised: September 27, 2022 (9:00 AM) Pacific Daylight Time
Applications close:

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