Accounting Analyst

Position Summary

Responsible for reviewing and analyzing financial data, preparing detailed reports, and providing insights to management by compiling and interpreting accounting and investment information to inform business decisions, ensuring accurate transaction records, and evaluating financial processes to identify potential areas for improvement.

The employee selects appropriate accounting principles and procedures for routine matters, in accordance with sound accounting principles and procedures. As such, they will exercise independent judgment. For non-routine duties, the employee will work at the direction of the supervisor.

Scope & Breadth of Position

This position reports directly to the Controller and has no direct reports.

Major Duties and Responsibilities

• Calculate the monthly valuations of the trust equity and trust fixed income pools, including a review of the income calculation, gain/loss calculations and asset valuations.
• Calculate the monthly valuations of the master common trust funds. This includes a review of the income calculation, gain/loss calculation and asset valuation.
• Prepare the monthly and quarterly gift annuity valuations and update market values. Prepare the quarterly pooled income fund valuations and update income and principal rates.
• Conduct detailed testing and monitoring of all Foundation accounts to ensure the accuracy of fees.
• Analyze and prepare monthly journal entries for various investment accounts: separately invested revocable, life income, gift annuity, unitrust, annuity trust, tax free and others as assigned.
• Calculate the re-valuation of the alternative assets on a quarterly basis to determine if reprocessing the master trust common funds is necessary.
• Provide support to other Presbyterian entities as needed.
• Prepare OCC and state required reports for New Covenant Trust Company.
• Prepare and file annual insurance reports as required by the various states for the Foundation. Stay informed of the regulations and requirement changes for each state where an annual report is filed.
• Provide back-ups for others within the department during vacation and other time off.
• Perform other related duties and special projects as assigned.

Required Competencies

1. Data Analysis: Examining financial transactions, identifying trends, and analyzing variances from external and internal sources.

2. Financial reporting: Preparing monthly, quarterly, and annual financial statements.

3. Account reconciliation: Verifying the accuracy of internal account balances by reconciling transactions with supporting documents.

4. Budgeting: Assisting in the development and monitoring of departmental budgets.

5. Internal controls: Evaluating and maintaining internal controls to ensure compliance with accounting standards and prevent fraud.

6. Auditing support: Assisting external auditors with data gathering and documentation during financial audits.

7. Process improvement: Identifying opportunities to streamline accounting processes and improve data accuracy.

8. Compliance monitoring: Ensuring adherence to relevant accounting regulations and standards (GAAP).

Relationships

The Accounting Analyst works closely with the staff of several departments, external auditors, and external stakeholders.

Experience and Job-Related Requirements

• Bachelor’s degree in accounting, Finance, or a related field with a higher-than-average knowledge and understanding of general accounting principles specific to the field of investments.
• Relevant experience in accounting or financial analysis with strong analytical and problem-solving skills.
• Proficiency in accounting software and spreadsheet applications (e.g., Excel).
• Attention to detail and accuracy.
• Excellent communication skills to present findings clearly to stakeholders while maintaining a high degree of confidentiality.
• Understanding of accounting principles and financial analysis techniques.
• Ability to work independently and as part of a team.

Physical Requirements

• Ability to communicate orally with management, co-workers, constituents and public both individually and in a group/team environment.
• Regular use of the telephone and e-mail for communication is essential.
• Sitting for extended periods is common.
• Hearing and vision within normal ranges is essential for normal conversations, to receive ordinary information and to prepare or inspect documents.
• No heavy lifting is expected. Exertion of up to 10 lbs. of force occasionally may be required.
• Good manual dexterity for the use of common office equipment such as computer terminals, calculator, telephone, and copiers.

Work Environment

• The job is performed indoors in a traditional office setting.
• Activities include extended periods of sitting and extensive work at a computer monitor and/or calculator.

The Presbyterian Church (U.S.A.) Foundation, along with its subsidiary New Covenant Trust Company (NCTC), are Equal Opportunity Employers. We provide equal opportunities in all employment positions, regardless of age (as defined in the Age Discrimination in Employment Act), disability, sex, national origin, race, color, creed, religion, sexual orientation, gender identity, gender expression, or veteran status.