Job Description Summary

The Director, Endowment Administration and Analysis, reporting to the CFO, will be part of the Foundation’s leadership team, contributing to strategic decisions both within and beyond the endowment function. As a primary function, the director will oversee the administration of a portfolio of over a billion dollars, comprising Endowments, Quasi Endowments, and Trusts and Annuities. This position will serve as the point of contact with Financial Institutions and Investment Managers, collaborate with university relations and donor relations to provide specialized reporting for donor requests, and serve as the liaison between the Foundation and the University on all endowment related matters.

The Director will also provide high-level analysis and interpretation of financial data to inform decision-making by Senior Leadership and Board Members, supervise all endowment related accounting and financial functions, review all endowment gift agreements to ensure compliance with regulations and provide endowment schedules and footnotes for inclusion in the Audited Financial Statements. The Director will ensure accurate and timely filing of all required Annuity reporting to State agencies, ensure compliance with regulatory requirements, accounting standards, and internal policies related to endowment management, and develop official Foundation endowment policies and procedures.

The Director will also facilitate, in collaboration with the Assistant Treasurer University of Maryland College Park Foundation, the cash management of all endowed funds. The Director will stay informed about developments in accounting standards, investment regulations, and best practices related to endowment management, and make recommendations for process improvements as needed.

Preferences:

• Advanced degree
• CPA or CFA
• Experience managing large ($100M ) endowments, especially in higher education
• Experience with endowment management platforms or investment performance software (Endowment Resources, Investran, eFront, etc.)
• Familiarity with nonprofit accounting standards, including ASC 958 and gift annuity regulations, as applicable to endowment administration and financial reporting
• Experience with audit processes
• Understanding of endowment and investment-related compliance issues
• Experience with Financial Edge NXT, Workday Finance / FP&A
• Demonstrated ability to present complex financial information to non-financial audiences including board members and senior executives
• Mastery of Excel, including complex functions, modeling, graphing and communication tools
• Willingness to dig deep and get answers
• Extraordinary attention to detail; comfort in high-profile situations
• Comfort with ambiguity and evolving priorities
• Commitment to UR and UMCPF values
• Upbeat, positive energy, fun to work with

• This position does not provide visa sponsorship now or in the future. Candidates must be able to provide proof of ongoing eligibility to work in the USA.

Minimum Qualifications

Education: Bachelor’s degree from an accredited college or university.

Experience: Ten (10) years of professional accounting or finance experience. Five (5) years of experience supervising or managing professional staff.
Knowledge of finance functions including general accounting, statistical, or financial functions.
Knowledge of business acumen to understand key business drivers, organizational communications, and data.
Skill in oral and written communication.
Skill in data analytics and negotiation.
Skill in the use of Microsoft Office products.
Ability to research information and analyze complex data and information to create reports and presentations.
Ability to exercise independent judgment and discretion.
Ability to develop and administer new policies and procedures.

Additional Job Details

Job Risks

Not Applicable to This Position

Financial Disclosure Required

Yes

Department

VPUR-Financial Management

Worker Sub-Type

Staff Regular

Salary Range

$164,090-$196,908

Background Checks

Offers of employment are contingent on completion of a background check. Information reported by the background check will not automatically disqualify anyone from employment. Before any adverse decision, the finalist will have an opportunity to provide information to the University regarding disclosable background check information. The University reserves the right to rescind the offer of employment or otherwise decline or terminate employment if the information reported by the background check is deemed incompatible with the position, regardless of when the background check is completed.

Employment Eligibility

The successful candidate must complete employment eligibility verification (on Form I-9) by presenting documents that establish identity and work authorization within the timeframe required by federal immigration law, and where applicable, to demonstrate renewed employment authorization. Failure to complete employment eligibility verification or reverification within the timeframe set forth by law may result in suspension or termination of employment.

EEO Statement

The University of Maryland, College Park is an Equal Opportunity Employer. All qualified applicants will receive equal consideration for employment. Please read the University’s Equal Employment Opportunity Statement of Policy.

Title IX Non-Discrimination Notice

Resources

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