The manager of investment accounting is a full-time, management-level professional position at the Foundation. This position is a critical role in the organization. Under the supervision of the controller, the manager of investment accounting’s main responsibility is to ensure the accurate accounting of the Foundation’s investment portfolio of approximately $2.6 billion for book and tax reporting purposes.
This position works closely with other members of the Finance team, the Foundation’s Investment team, investment custodian and other third-party vendors. Additional responsibilities include supervising the senior investment accountant and other work related to tax, audit and legal matters.
The Foundation seeks an individual with deep financial acumen and a strong track record of success. This individual will have robust collaboration and problem-solving skills and will provide seasoned guidance on complex accounting issues as well as key financial and operational best practices.
Ensure the proper accounting of all investment activity for book and tax reporting purposes
Work with the senior investment accountant to maintain accurate recordkeeping, update the investment portfolio control schedules and keep abreast of all new investments (traditional, alternative, social and any other investments in the Foundation’s portfolio)
Serve as the primary interface between the Foundation’s Investment and Accounting functions
Work with the investment custodian and third-party vendor on alternative investments to monitor and review reports and to oversee book-to-tax accounting
Oversee the tracking and recording of the program-related investments including: - equity investments - loans - loan guarantees
Work with the senior investment accountant and investment custodian to resolve reporting issues
Ensure the accurate preparation by the senior accountant of various general ledger account analyses
Lead the investment accounting work required for the audit of the financial statements including preparation of investment workpapers, investment-related footnotes and responding to auditor questions and requests
Manage and supervise the senior investment accountant and provide feedback, coaching and opportunities for cross training and career development
Serve as the point person to coordinate, review and oversee the accurate and timely preparation of the 990-PF annual tax return and related state filings
Prepare the investment-related 990PF tax return information, review K-1s and resolve UBIT and foreign tax issues working with outside tax accountants
Prepare the annual federal tax provision, state and federal tax extensions and periodic tax installments
Assist with reports and presentations for management and trustee meetings
Assist the Finance team with other duties or projects as assigned
The duties listed above are intended as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to the position. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
The ideal candidate will bring a demonstrated interest and working knowledge and experience related to tax and financial accounting. The successful candidate must have a strong personal commitment to the mission of the Annie E. Casey Foundation. In addition, the minimum professional qualifications for this position include:
Bachelor’s degree in accounting required, master’s degree in accounting, finance or business preferred
Eight-plus years of experience in the accounting field (minimum five years of public accounting experience in tax or audit)
Additional experience in general ledger accounting, complex investment portfolios and/or nonprofit tax issues is a plus
Essential Skills and Abilities
Nonprofit or philanthropic experience preferred but not required
Strong interest in strengthening the Foundation so that it is better equipped to build better futures for children and families
Excellent written and oral communications skills
Strong technical accounting skills with an ability to understand complex transactions
Ability to think and problem solve creatively
Ability to work and comfort with new technologies and systems with a process improvement mindset
Capacity to work well with competing priorities and tight deadlines; requires high degree of energy, independent action, critical thinking, flexibility and multitasking
Attention to detail and proficiency with word processing, databases, internet and presentation software
Strong project management and time management skills; highly organized and detail oriented
A team player with strong interpersonal skills
Must be eligible to work in the United States without sponsorship
Tools and Equipment Used
Telephone; computers with Microsoft Office applications.
Physical Demands/Workplace Environment
The work is performed primarily in an office setting with some overnight travel required.
This is an exempt position, meaning pay is on a salaried rather than hourly or daily basis. Starting salary is commensurate with experience. A strong benefits package will be provided.
The Annie E. Casey Foundation is a private charitable organization dedicated to helping build better futures for disadvantaged children in the United States. The primary mission of the Foundation is to foster public policies, human service reforms and community supports that more effectively meet the needs of today’s vulnerable children and families. The Foundation distributes approximately $187... million annually in grants to organizations that help states, cities, and neighborhoods improve the life outcomes of these children and families.