Reporting to the Assistant Controller, the Senior Accountant is responsible for all endowment fund and Academy of Music (“AOM”) accounting activities, assisting in the month-end close, preparing and distributing investment reports, and maintaining and reconciling balance sheet accounts.
Receive monthly Endowment gift and pledge reports from Development and create journal entries to record transactions in the General ledger.
Receive weekly AOM gift and pledge reports from Development and create journal entries to record transactions in the General Ledger.
Reconcile Endowment and AOM Depository Accounts and create adjusting journal entries as needed.
Reconcile AOM revenue and pledges with reports from Development.
Perform weekly cash flow analysis for the AOM deposit account.
Transfer and record new additions to investments from Endowment Depository Account.
Initiate withdrawal and record spending allocation in accordance with approved draw from endowment investment accounts.
Analyze and record investment portfolio activity for Endowment funds on a monthly basis and recommend reallocation of investment portfolio as needed in accordance with target asset allocation plan and cash needs. This includes advanced modeling and forecasting using various what-if scenarios.
Manage, reconcile and maintain balance sheet accounts for the endowment fund and Restoration accounts on a monthly basis.
Understand and maintain the distinction between restricted, temporarily restricted and unrestricted funds.
Maintain endowment investment records and prepare general ledger adjustments for monthly and annual reporting from Trustee Statements.
Prepare reports and projections for the endowment budget process.
Facilitate and prepare work papers for the annual audit
Work closely with Controller and CFO to ensure complete accuracy in monthly reporting
Assist in Stewardship Activities, including donor reporting and annual reports to major donors.
Maintain Endowment donor files.
Prepare for and assist in the administration of Investment Board Committee meetings.
Other duties as assigned
Bachelor’s Degree in Accounting or related field is required along with a minimum of 3 years general accounting experience. Advanced skills in Excel and Word are also required. Experience with not-for-profit accounting or strong knowledge of nonprofit accounting preferred.
Strong MS Office Skills required, particularly in Excel and Word.
Ability to effectively handle multiple tasks, identify improvement opportunities and promote required process changes.
Must possess strong analytical, communication and organizational skills.
Ability to produce and maintain multi-layered projection models of investment activities and balances.
Attention to detail is crucial for success.
Excellent communication skills and self-motivated.
Ability to work as part of a team and respond to changing priorities with flexibility.
Quick learner with exceptional organizational skills and the ability to manage a high volume of diverse activities in a fast-paced performing arts environment.
Working Conditions/Physical Demands:
Routine for office environment.
About The Philadelphia Orchestra
Renowned for its distinctive sound, desired for its keen ability to capture the hearts and imaginations of audiences, and admired for an unrivaled legacy of “firsts” in music-making, The Philadelphia Orchestra remains one of the preeminent orchestras in the world.