Fund Accountant

Business Name: 
Stanford University
Industry: 
Education
Type of Position: 
Full-Time Internship
Grade Level: 
Graduate
Location: 
Palo Alto
Days/Hours per Week: 
40
Pay Range: 
DOE
Duration of Position: 

Permanent

Position Description: 

Another Source’s client, Stanford University, is recruiting a Fund Accountant to join their team.

Impact a Legacy! 

Consider all the lives saved over the many years as a result of Stanford’s innovation in the medical field. Imagine a world without the internet and social platforms. Did you know Stanford pioneered the procedure for organ transplants and also created the first website in the United States? All of these advances and more, are a direct result of Stanford University’s prominent faculty, researchers and alumni, who have revolutionized the way we live and enriched the world. Supporting this mission is Stanford’s dedicated 16,000 staff, which come from diverse educational and career backgrounds. We are a collaborative environment that thrives on innovation and continuous improvement. At Stanford, we seek talent committed to excellence, driven to impact the future of our legacy, and improve lives on a global sphere. 

In a highly complex and constantly changing backdrop, the University Controller’s Office is responsible for creating an environment which promotes innovative and sound business policies and practices that balance controls, compliance and customer service. The organization consists of approximately 95 professionals, responsible for a broad range of financial activities, including Capital Accounting, Financial Accounting and Reporting, Fund Accounting, Investment Accounting, Payroll, Student Accounting and Tax Compliance.

Our new Stanford Redwood City campus, scheduled to open in 2019, will be the workplace for approximately 2,700 staff whose jobs are important to supporting the university’s mission. The campus brings departments together in a collaborative environment that reflects Stanford’s culture and mission. The campus will offer amenities such as onsite cafes and a dining pavilion, a high-end fitness facility with an outdoor pool, and a child care center for Stanford families.

JOB PURPOSE:

The Fund Accounting Team in the Controller’s Office partners with the University’s schools and departments in stewarding University funds. The primary responsibility of the team involves endowment fund (over $26B in assets), and expendable funds (over $1.5 billion in assets). In this challenging position , the Fund Accountant establishes the accounts for these monies, ensure that funds are used appropriately and properly recorded, provides related operational functions (such as buying and selling shares, allocating payout, maintaining market value), and support individuals n the schools and departments as they manage these funds. Each day is different – you will need a flexible mindset and the ability to handle multiple requests from various University stakeholders. If you are a proactive individual with a strong accounting sense and strong attention to detail, this may be the right career opportunity for you.

Position Responsibilities: 
  • Analyze accounting transactions and information to summarize current financial position at the unit or organization-wide level.
  • Construct and assemble data for decision making; develop conclusions, and present high level summary of recommendations.
  • Capture, track, and report revenue and expenses; determine appropriate procedures for accounting record preparation, research of transactions and reporting.
  • Oversee, reconcile, and resolve problems relative to complicated accounts. 
  • Collect data and perform research on details of transactions.
  • Generate, review, analyze and communicate financial data that reflects actual financial performance against approved budgets. Prepare and present quantitative and qualitative analyses focusing on variances from budget and prior data. 
  • Maintain and review accounting process controls; recommend and implement any approved modifications; perform preliminary analysis and recommend solutions.
  • Develop and maintain desktop procedures and process documentation for area of responsibility. 
  • Run and analyze financial reports, often from multiple systems; prepare management information reports. 
  • Execute internal control programs established by management, research new regulations, and recommend and implement approved changes.
  • May manage compliance program for area of responsibility, and create complex compliance reports. 
  • Contribute to unit and organization strategy; assist in the development of change management plans and materials as needed. Participate as a member of a project team; support new initiatives.
  • Make decisions determining approach to managing and completing processes. 
  • Participate in critical analysis of existing systems and processes, and identify opportunities for process improvement.
  • Define requirements, develop and implement complex test cases, perform system testing and analyze results. 
  • Serve as a resource to local units and other departments to resolve accounting-related issues.
  • May act as a lead, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise.
Required Qualifications: 

Education & Experience:

Bachelor’s degree plus four years of applicable experience, or combination of education and relevant work experience.

Preferred Qualifications: 
  • Experience working in a University environment
  • Demonstrated knowledge of, and experience with, ERP systems, preferably Oracle, with proven ability to apply knowledge to understand new systems and processes.
  • Attention to detail, accuracy, and the ability to prioritize multiple tasks to meet deadlines and customer service response standards.
  • Proven ability to apply knowledge to analyze and interpret business policies and external regulations and translate them into compliant and efficient accounting processes. 
  • Ability to observe trends in data, recommending and helping to implement solutions to increase efficiency, effectiveness, and accuracy of data.
  • Strong customer-oriented approach to managing work.
  • PHYSICAL REQUIREMENTS:
  • Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.
Application Deadline: 
Thu, 2019-05-09