Note: Not all unique aspects of the job are covered by this job description
Stanford University is one of a select group of American universities that have achieved eminence in both undergraduate and graduate education and in a broad range of academic disciplines. The University is internationally recognized for the quality of its teaching and research, its distinguished faculty and its outstanding student body. Our mission is to educate future leaders and promote interdisciplinary, world-class research and teaching. This passion makes Stanford an intensely creative, rewarding, and challenging place to work.
Over the past 10-15 years, the business, technology and political environments have become more complex, faster paced, and litigious. Stringent accounting requirements have arisen to address the transparency of investments and keep pace with other areas of concern. New accounting standards have been issued for leases and not-for-profit accounting and reporting. In addition, other regulations and rules we need to comply with are more complex, e.g., international compliance considerations and banking regulations, and a new internal control framework – COSO - has been adopted. Heightened scrutiny from our external auditors has resulted in more extensive requests for information in an effort to understand non-profits' business activities and related controls. Additionally, technology continues to change rapidly and the underlying tools further add to the complexity and riskiness of the environment.
Reporting to the associate manager of Investment Accounting, the Accountant will be responsible for the monthly and quarterly accounting, reporting, daily operations and compliance.
In addition, the Accountant will be involved with various projects to enhance operational processes, analyze current business flows, implement solutions to create efficiencies, and participate in the design and execution of system integrations. Additional opportunities will vary depending on the needs of the organization.
Review investment governing documents, offering documents, subscription documents, side letters, and investment management agreements to ensure proper application of investment terms
Prepare and review monthly financial data; ensure compliance with accounting policies and procedures
Compile, analyze and present financial highlights for upper management; present investment activity, metrics and financial impact considerations to senior managers
Read through audited financial statements of investment companies and compile summaries of findings following a thorough review and collection of select data points
Provision of monthly NAV reports via complete and accurate accounting of complex financial transactions
Maintain and review accounting process controls; assess current state processes and recommend, test and implement changes/solutions.
Review ledger detail, complete variance analysis, and prepare supporting schedules for GAAP-based financial statements
Manage portfolio reconciliations with exposure to fair-value
Serve as a resource to local units and other departments to resolve accounting-related issues, as needed
Participate in ad-hoc projects as they arise
* - Other duties may also be assigned
Internal Number: 293011
About Stanford University
Located between San Francisco and San Jose in the heart of Silicon Valley, Stanford University is recognized as one of the world's leading research and teaching institutions. Leland and Jane Stanford founded the University to "promote the public welfare by exercising an influence on behalf of humanity and civilization." Stanford opened its doors in 1891, and more than a century later, it remains dedicated to finding solutions to the great challenges of the day and to preparing students for leadership in a complex world. The University's thriving diverse community is comprised of nearly 7000 undergraduate students, 9000 graduate students, 2000 faculty members, 1900 postdoctoral scholars, and over 11,000 academic and administrative staff in seven schools including several interdisciplinary research centers and institutes. The campus spreads over 8000 contiguous acres and nearly all undergraduates live on campus. Stanford offers bachelor's and master's degrees in addition to doctoral degrees (PhD, MD, DMA and JD) plus a number of professional and continuing education programs and certifications. More at http://facts.stanford.edu and http://www.stanford.edu.
Stanford University is a...n equal opportunity employer and is committed to increasing the diversity of its faculty. It welcomes nominations of and applications from women, members of minority groups, protected veterans and individuals with disabilities, as well as from others who would bring additional dimensions to the university’s research, teaching and clinical missions.