Senior Accountant, Investments & Gifts

University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn’s distinctive interdisciplinary approach to scholarship and learning.

As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America’s Best Large Employers in 2023.

Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.

The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.

Senior Accountant, Investments & Gifts

Accountant/Financial Analyst Senior

The Experienced Senior Accountant/Analyst performs significant reporting and analysis processes including related internal controls and monthly, quarterly, and annual closing procedures, and highly technical and complex accounting/reporting research. This Experienced Senior Accountant/Analyst reports to the Senior Associate Director in Gifts Accounting and Administration.

The Experienced Senior Accountant/Analyst performs various analyses of business operations which are used by Executive Leadership (e.g., Associate Comptroller, Comptroller, VP, and EVP) and the University’s external auditors. These analyses are key to (1) ensuring the accuracy of the University financial reporting, (2) communicating the financial health and integrity of the Consolidated University to the Board of Trustees and other interested external third parties such as prospective donors, grant making agencies, debt holders, etc.,

(3) maintaining and improving the University credit rating, (4) ensuring proper financial stewardship/control and (5) safeguarding University assets.

Responsibilities:

• Collaborating with Senior Associate Directormanagingthe monthly/quarterly/annual reporting of the University $1billioncontribution receivable process. Ensure all financial pledges are recorded both onthe Compassgift system and on BEN financials. Review and reporting of all non-financial pledge intentions are appropriately recorded onthe Compassgift system. Preparemonthlybaddebtallowanceand recordreservesappropriately.
  
  Monitor discounts accretions run monthly and analyze accretions for correctness.

• Provide monthly schedules of pledges,discounts,and specific reserves to the Financial Reporting and Accounting Operations group.
  
  Provide analysis of variances and key new gifts for reporting for senior University leadership.

• Provide monthly roll-forward analysis of pledge receivables,intentionsand new contributions.
  
  Provide support on all new gifts and payments over $5 million threshold to financial reporting.

• Review all new contribution activity over $1m to ensure proper recording on assets/revenue reporting.

• Provide monthly reporting ofnew contributions, and pledge reviewable activity to UPHS, bothconsolidatedreportingand to each of the7 hospitals.
  
  Complete reconciliation of receipts and review monthly interfund transfers to ensure correct transfer of cash receipts to UPHS.

• Collaboratewithschoolsand centersto ensure gifts recorded to suspense funds are movedpromptlyto ultimate purposes.

• Helpwith the preparation of annualcontributions ofrevenue footnotes, including contributions receivable and liquidity footnotes. Aidwith the preparation of annual analysis ofallowance for uncollectible receivablesfor monthly reserves.

• Aidwith the preparation of quarterly meetings forpledges at risk, both financial and non-financial pledges.

• Aidwith the daily/monthly cash & credit card reconciliations to ensurethree-wayreconciliation between the bank, Compass and BEN financials is completed accurately,and any discrepancies arepromptlyresolved.

Bachelor’s Degree with 3-5 years of related experience or equivalent combination of education and experience is required.

Previous experience managing financial records. Attention to detail/accuracy.

Strong business acumen and financial management skills.

Knowledge of Penn’s financial systemsis a plus. CPA preferred.

• Previous finance/accounting, reporting, and analysis experience required.

• Advance technical…