Director, Investment Accounting and Accounting Operations

About the Organization:

UJA-Federation of New York is the largest local philanthropy in the world. For more than 100 years, we’ve brought New Yorkers together to solve some of the most pressing problems facing our community. Thanks to our network of hundreds of non-profits, we can leverage our expertise across any number of areas — including health and human services, arts and culture, and education — to care for Jews everywhere and New Yorkers of all backgrounds, respond to crises close to home and far away, and shape our Jewish future. Our reach extends from New York to Israel to nearly 70 other countries around the world, touching 4.5 million people each year.

The Director of Investment Accounting and Accounting Operations will be responsible for overseeing accounting functions for the New York Jewish Institutions Investment Fund and the UJA Retirement Plan. Additionally, this role will manage accounting operations functions, including preparation of policies and procedures for the accounting department, liaising with internal audit, simplifying and automating processes, and handling special projects. The ideal candidate will possess extensive knowledge of investment accounting, the ability to develop and implement daily accounting processes, and strong problem solving and communications skills. This role will also be accountable to the Chief Investment Officer and work collaboratively with the Investment Office in establishing best practices.

Specific duties include:

New York Jewish Institutions Investment Fund (JIIF)

Responsible for JIIF accounting, reporting, and financial statement preparation

• Support and liaise with the Investment Office on daily management of
• investment cash flows, reconcile to the performance book of record, execute all
• investment transactions in a timely fashion
• Review the accounting and investment related activity prepared by the
• custodian; serve as the point of contact for the custodian and work to maintain
• and improve all accounting processes with the custodian
• Manage the custodian’s preparation of investor statements; this includes the
• calculation of allocation data for all investors
• Coordinate and manage the annual audit including preparation of financial
• statements and related disclosures, communicate with and prepare support for
• external auditors
• Review quarterly management fees and other payments
• Support Director of Tax with federal and states partnership return filings
• Oversee investor relations functions with the Investment Office, maintaining
• investor records, providing support and answering questions, and conducting all
• KYC requirements for investors

UJA-Federation Retirement Plan (RET)

Responsible for the accounting, reporting, and financial statement preparation for

the UJA-Federation Retirement Plan

• Coordinate and manage the annual audit of the RET including preparation of
• financial statements and related disclosures, communicate with and provide
• support for external auditors
• Ensure timely filing of IRS Form 5500 with related schedules C, H and R
• Review the accounting and investment related activity prepared by the
• custodian

Accounting Operations

• Review departmental roles and responsibilities and business policies and
• recommend improvements, particularly in the context of a new Oracle NetSuite
• accounting system
• Prepare and maintain accounting department policies and procedures
• Implement, organize, and maintain electronic repository of the files in the
• department
• Work with the custodian on operational items (general inquiries, account
• opening/closures, tax forms, and ad hoc issues)
• Project manage and liaison with external “internal” auditors and UJA staff on audits,
• reporting, observations, and management responses/implementation of
• recommendations

Conduct special projects for senior management as required

Education, Experience, and Competencies

• Bachelor’s degree in business accounting and finance; CPA license, a plus.
• Minimum 10 years of investment accounting experience, including public accounting
• and not-for-profit industry experience, a plus
• Specialized knowledge in investment and pension plan technical pronouncements,
• particularly as they relate to the not-for-profit industry, a plus
• Knowledge of partnership tax structure, a plus
• Strong analytical and problem-solving skills
• Excellent verbal and written communication skills
• Advanced computer skills (Microsoft Excel/Word/PowerPoint)
• Knowledge of data analysis and visualization software, a plus

Salary Range: $150,000-$160,000 commensurate with experience

Benefits

Great Perks. Because We Appreciate Great Employees.

TIME OFF

We offer a generous number of vacation days and have the Jewish holidays off as well. Fridays our offices close early (October to March at 3:00 pm and April to September at 4:00 pm). All so you can relax and recharge.

HYBRID MODEL

We’re operating on a hybrid work model: three set days in the office and two days remote. So enjoy the best of both worlds — the comforts of home and the energy of the office.

HEALTH CARE

UJA provides a top-tier medical and dental plan, along with a flexible spending account. We also offer life insurance. And for a small cost you can take part in on-site yoga and exercise classes at our Manhattan office. Wellness matters to us.

PLANNING FOR RETIREMENT

UJA employees can enroll in a pension plan and tax deferred annuity.

CAREER DEVELOPMENT

Classes, workshops, and compelling speakers will keep you at the top of your game.

COMMUNITY

We come together as a staff to commemorate holidays (from Rosh Hashanah to MLK Day), volunteer at nonprofits, and celebrate our accomplishments together. (Our chocolate chip cookies are legendary!)

SOME MORE (YES, MORE!)

We also offer a backup childcare program. And a commuter benefit plan. So, you can get to work and feel good about it.