Endowment Accountant

Required Application Materials

A single PDF or Word document containing a resume, letter of interest, and a list of three (3) professional references is required to apply.

Important Instructions:

When prompted to upload your “resume”, upload your combined documents as one file.

• Please do not upload documents to “Cover Letter” or “References”.

If the required application materials were not uploaded at the “resume” prompt, please withdraw your application, and re-apply to upload your combined documents as one file.

Job Summary

Reporting to the Associate Vice President for Advancement, the Endowment Accountant is responsible for monthly, quarterly, and annual accounting related to UT Tyler's $167 million endowment, the residual investment portfolio, financial modeling 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.

This position serves as a liaison between the UT Tyler Endowment Compliance team and departments throughout the University to resolve issues and answer questions regarding specific gifts, and endowment funds.

The position 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, reviewing endowment spending, preparing schedules for endowment distribution, account holders, reviewing monthly reconciliations, and performing or reviewing complex account reconciliations. This position will work with Peoplesoft, Fundminer endowment system, Blackbaud Award Management, Blackbaud Raiser's Edge, and other relevant software.

This position is approved for a hybrid work arrangement (in-office and remote). The employee must live within the State of Texas and in proximity to UT Tyler. The schedule will be approved by the department.

Major Responsibilities/Duties/Critical Tasks

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 Endowment Compliance Report, financial statement audit and the annual audit.
• Responsible for quarterly 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 in conjunction with Finance when appropriate.
• 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 instructions.
• 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.

Annual endowment distribution calculation and communication

• Prepares material for review and approval by AVP for Advancement and Director of Endowment Compliance
• Prepares comparative analysis of current endowment values and distribution for campus stakeholders.

Completes other duties as assigned.

Required Education/Experience

• Bachelor’s degree in accounting required.
• Three (3) years of relevant experience required.
• Training and financial record-keeping experience necessary to perform the responsibilities listed above.
• May accept a combination of education and experience.

Preferred Education/Experience

• Experience with endowment/Investment industry experience preferred.
• Experience as a CPA preferred

Accompanying Knowledge, Skills, Abilities, and Competencies

• Prepares complex schedules for monthly, quarterly, and year-end reporting to donors, the campus, and account holders.
• Manages UTIMCO quarterly endowment distribution, monitors annual spending rate, prepares materials for AVP's approval, and communicates with donors and campus stakeholders.
• Ensures donor intent is upheld for expenditures from distribution accounts.
• Prepares 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 Fundminer endowment system.
• Prepares and submits reports and analyses as requested and required.
• Special projects as needed.
• Detailed knowledge of and experience with generally accepted accounting principles (knowledge of Governmental Accounting Standards), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) desirable, accounting for charitable not-for-profit entities; financial record-keeping methods, procedures, and practices; the ability to perform arithmetic functions.
• Strong oral and written communication skills.
• Must possess excellent customer service skills.
• Ability to establish good working relationships and build trust and partnership across campus.

About The University of Texas at Tyler

The University of Texas at Tyler is part of the prestigious University of Texas System that includes 13 institutions located throughout the state. Founded in 1971, UT Tyler today enrolls 10,000 students and consists of six colleges.

Our beautiful Tyler campus features more than 200 acres nestled along a lake and surrounded by thick pine and oak forests, providing a picturesque location for study and recreation. We also offer instructional sites at The University of Texas Health Science Center at Tyler and in Palestine, Longview, and Houston.

With more than 80 bachelor's, master's and doctoral degree programs offered, UT Tyler provides a wealth of learning opportunities and dynamic programs.

For more information, please visit https://www.uttyler.edu/about/.

Additional Information

The retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to the position being at least 20 hours per week and at least 135 days in length.

This position is security-sensitive and subject to Texas Education Code Section 51.215, which authorizes the employer to obtain criminal history record information. Applicants selected must be able to show proof of eligibility to work in the United States by time of hire.

EEO/AA Statement

The University of Texas at Tyler is an Equal Employment Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, status as a protected veteran, among other things, or status as a qualified individual with a disability.