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SPECIALIST, ENDOW/INVEST ACCTG
Job Title: SPECIALIST, ENDOW/INVEST ACCTG
Job Code: 1723
FLSA: E
Job Level: 11
Revised Date:
Job Family: JF 28
Occupational Summary
Plan, coordinate and perform a variety of complex reconciliation and analysis activities for the Office of Endowment/Investment Accounting to ensure accurate maintenance of major University cash accounts, investment pools and confidential loans and mortgages.
Work Performed
Plan, coordinate and perform a variety of complex reconciliation and analysis activities for the Office of Endowment/Investment Accounting to maintain major University cash accounts; prepare and update on an ongoing basis the reconciliation of complex endowment and investment accounts of Wachovia Bank to the University's General Ledger. Coordinate and assist in the monthly reconciliation of various Northern Trust Bank accounts to the University's General Ledger to ensure problems are identified and resolved in a timely manner.
Review accounts to identify problems and irregularities, determine effect of errors and recommend solutions; identify and analyze the impact of endowment and investment activities and external trends on University bank accounts and recommend modifications in accounting procedures to avoid overdrafts and to ensure optimal efficiency and interest earnings.
Provide assistance to various departments throughout the University in the area of analyzing and determining appropriate short term investment participation levels and strategies in accordance with University and regulatory policies.
Monitor and prepare reports regarding the status of various confidential mortgages and loans belonging to the University; arrange and verify adherence to loan repayment schedules. Coordinate and verify transactions associated with the payroll direct deposits to ensure that appropriate amounts are credited to employees' bank accounts; interact with bank personnel to monitor and verify account entries; resolve related problems as necessary. Prepare reports and analyses, setting forth progress, adverse trends and appropriate recommendations or conclusions; develop, recommend and implement policies and procedures related to financial reporting, monitoring and analysis. Maintain confidential records and files on sensitive transactions.
Perform other related duties incidental to the job described herein.
The above statements describe the general nature and level of work being performed by individuals assigned to this classification. This is not intended to be an exhaustive list of all responsibilities and duties required of personnel so classified.
Required Qualifications at this Level
Education/Training
Work requires knowledge of accounting principles generally acquired through a bachelor's degree in Accounting, Economics or a related field.
Experience
Work generally requires two years accounting or related experience to acquire competence in analyzing and reconciling complex financial accounts and related information, applying general accounting principles and preparing financial reports.
OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE
Skills
N/A
The intent of this job description is to provide a representative and level of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the total of the specific duties and responsibilities of any particular position. Employees may be directed to perform job-related tasks other than those specifically presented in this description.
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
