Job Description

Job Description

Job Description

Accountant

An organization in Reading, PA is looking for an Accountant to join their team. This position will specialize in bank and account reconciliation, with a focus on managing endowments, grants, and nonprofit financial practices. Onsite 5 days a week with a salary range of $85-95k, commensurate with experience.

Responsibilities

• Perform bank reconciliations, ensuring all transactions are accurately recorded and discrepancies are resolved in a timely manner.
• Reconcile general ledger accounts, ensuring the accuracy and completeness of financial data, including endowment and investment accounts.
• Manage and oversee the reconciliation of balance sheet accounts, including cash, investments, accounts payable, accounts receivable, and endowment funds.
• Ensure the proper recording and tracking of endowment contributions, earnings, and expenditures in compliance with donor restrictions and policies.
• Monitor and reconcile restricted funds, ensuring compliance with grant agreements and endowment fund guidelines.
• Collaborate with grant managers and endowment officers to ensure accurate recording of grant revenue, restricted donations, and endowment distributions.
• Prepare and review monthly, quarterly, and annual financial reports related to bank, endowment, and account reconciliation activities.
• Assist in preparing schedules and documentation for external auditors, ensuring compliance with nonprofit accounting standards, grant reporting requirements, and endowment reporting practices.
• Ensure proper classification and financial reporting of endowment funds in accordance with relevant accounting standards (e.g., FASB, GAAP for nonprofits).
• Assist with year-end closing processes and preparation of annual financial statements, with a focus on endowment and restricted fund activities.
• Maintain accurate records for all accounting transactions related to endowments, grants, and other restricted funds, ensuring compliance with policies and regulatory requirements.
• Stay up to date with accounting regulations, best practices, and nonprofit-specific accounting standards (e.g., FASB, GAAP for nonprofits, and endowment management).

Qualifications

• Bachelor’s degree in accounting, Finance, or a related field.
• Minimum of 3 years of nonprofit accounting experience, with a focus on bank and account reconciliation, including endowments and grants.
• Experience in higher education, preferred.
• Strong understanding of GAAP (Generally Accepted Accounting Principles), nonprofit accounting standards, and endowment fund management.
• Proficiency in accounting software and Microsoft Excel.
• Experience with fund accounting or grant management software preferred

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