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Seattle Foundation seeks a new Investment Accountant!

• Location: Seattle, WA
  • Flexible work model; hybrid (training) to remote
  • Successful candidate must live in WA state by start of position
• Hiring pay range: $75,000 - $80,000
• Full grade range: Grade 31: $61,004 to $94,556

Greater Seattle is changing and growing, and so is Seattle Foundation (SF) (link removed) The heart and science of philanthropy is the intersection of philanthropic passion and data-driven solutions to create lasting change. As the community's foundation, the mission is to ignite powerful and rewarding philanthropy to make Greater Seattle a stronger, more vibrant community for all.

SF is seeking an individual to join their team of 60+ who are committed to our vision of a stronger, more vibrant community for all; collaboratively finding solutions; continually improving; and going above and beyond in service of our philanthropic partners and the broader community.

The Opportunity

The Investment Accountant is responsible for all aspects of accounting, record keeping and reporting for the Foundation's investments including all investment management pools, tracking contributions for new funds, compliance and regulatory aspects of investments related to Foundation policies and State laws and calculation and allocation of the income and expenses for funds.

Responsibility include, though are not limited to;

• Support the operational needs of the Foundation , including cash and investment accounts to ensure adequate funds are available for grants and expenses
• Support treasury management activity, including cash forecasting, payment processing, reconciliation and reporting
• Support investment account maintenance process, including opening/closing accounts, updating online user access and signature cards
• Support investment activity of the Foundations investment portfolios, including reconciliation of investment pools and earnings and expense allocation to individual funds, including administrative fee calculation for all funds in the foundations portfolio
• Manage investment relationships, including the Foundations i nvestment advisor, various banks,investment management firms and Foundation donors
• Managing relationships with various internal stakeholders in Philanthropic Services and Community Programs
• Read and interpret the Foundations Investment Policy and Spending Policy and suggest changes if needed
• Support the Investment Committee meetings
• Assist with annual audit
• Support the annual budget processes
• Assist in the design and implementation of efficient, effective processes for fund management

Requirements

Required:

• Bachelors degree in Accounting, Finance or related field or equivalent experience
• At least two years experience in an accounting, treasury and/or financial analytic role, trust accounting, fund accounting experience is a plus
• Familiar with the non profit fund approach to accounting for investments

Preferred:

• Knowledge of GAAP and other comprehensive bases of accounting, with an emphasis on organizational structures used in investments such as partnerships and limited liability companies
• Experience preparing and reviewing general ledgers, work papers and financial statements
• Strong initiative, organizational and communication skills and ability to self manage in an ambiguous environment
• Strong analytical and critical thinking skills
• Advanced Excel user with ability to keep track of large volumes of investment data

Benefits

• 100% Paid by employer: medical, dental, vision, life, AD&D, LTD
• Flexible work location; can be fully remote, hybrid or in-person (office located downtown Seattle)
• 403(b) Retirement matched at 5%; increasing to 10% over time, 100% immediate vesting
• PTO: 3 weeks vacation, 2 weeks sick, 4 wellness days, 13 holidays
• $1,200 annual remote work benefit, $750 annual wellness benefit, $1,000 annual transit benefit; optional Flex plan and dependent coverage

Seattle Foundation envisions a thriving region of shared prosperity, belonging, and justice, where all individuals and communities have equitable access and outcomes, regardless of race, place, or identity. We are committed to advancing racial equity using an intersectional lens, and integrate our diversity, equity, and inclusion efforts into all that we do. We hold ourselves accountable to uphold our organizational values, and strive to do better every day.