Executive Director of Endowment and Restricted Funds
Job Title: Executive Director of Endowment and Restricted Funds
Location: Case Main Campus
Full/Part Time: Full-Time
Job ID: 8536
Job Description POSITION OBJECTIVE
- Establish discreet restricted funds as appropriate and carry out obligations associated with each, including but not limited to a) record/evaluate receipt, investment, appropriation, and usage associated with restricted funds; b) create and promote the use of management reports on the activity surrounding restricted funds; and c) ensure optimal usage of funds in compliance with restrictions, including advocating donor’s intent in usage of funds. (25%)Prepare information related to special projects such as annual donor communication, annual report for board and president on restricted funds, and other reporting as required. (25%)Advise the president, provost, chief financial officer, and deans on use of funds and educate fund directors on obligations and responsibilities of stewardship and usage of endowments and other restricted funds. (20%)
- Review Board resolutions to authorize establishment of restricted funds and other special accounts within the university. (5%)Establish and maintain the authentic central file of documentation related to each fund including wills, probate documents, gift agreements, gift receipt, donor correspondence, etc. (5%)Coordinate with the development office the receipt of donor funds and the movement of funds to the “Pool” or to an external trustee. (5%)Identify idle funds and advise fund manager of recommended use in compliance with donor’s intent. If necessary, refer these funds through the general counsel’s office for re-designation to the state of Ohio attorney general for release of restriction. (5%)Regularly review all funds for required disclosures and necessary updates, including timely, accurate closing of funds. (5%)Manage external relationships with custodial trusts, donor's professional advisors, and donors as needed. (2%)Keep current and compliant of best business practices in as changes in relevant regulations, laws, and accounting pronouncements occur. (2%)Participate in strategic planning of Case Western Reserve University. Support long-range plans of each management center. Support long-range plans for funded scholarship and student aid. Perform other duties as assigned. (<1%)
- Thorough understanding of all estate planning (wills, trusts) and inter vivos gift agreements terms and their ramifications (business law). Experience in investment and treasury management, such as portfolio management, asset allocation and liability matched returns. Document management related to restricted funds. Board governance activities supporting restricted funds. UPMIFA and other legal obligations related to restricted funds. Accounting classifications, transactions, and reporting requirements for restricted funds. Long range financial forecasting. Expertise in accounting, treasury, investment, forecasting, legislative/ legal, document imaging/ management system, ERP (PeopleSoft preferred).Ability to meet consistent attendance.Ability to interact with colleagues, supervisors, and customers face to face.
In employment, as in education, Case Western Reserve University is committed to Equal Opportunity and Diversity. Women, veterans, members of underrepresented minority groups, and individuals with disabilities are encouraged to apply.
Case Western Reserve University provides reasonable accommodations to applicants with disabilities. Applicants requiring a reasonable accommodation for any part of the application and hiring process should contact the Office of Equity at 216-368-3066 to request a reasonable accommodation. Determinations as to granting reasonable accommodations for any applicant will be made on a case-by-case basis.