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