The Virginia Tech Foundation, Inc. (Foundation) was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech programs. The Foundation is a 501(c)(3) nonprofit corporation governed by its board of directors. The Foundation serves the university by generating funding from private sources and aggressively managing its assets to provide funding which supplements state appropriations. The Foundation provides additional operating support to colleges and departments, assists in the funding of major building projects, and provides seed capital for new university initiatives.
Responsibilities: Serve as the liaison between the Real Estate/Legal Office and the Accounting Office. Maintain sound accounting procedures in the Real Estate and Legal Office and provide required financial reporting. Ensure information in real estate reporting software is accurate; oversee vendor payment requests, lease receipts, and property manager statement reconciliations. Prepare real estate journal entries including quarterly lease entries to comply with FASB ASC 842; rent accrual and deferral entries. Prepare, monitor, and analyze the annual real estate budget providing forecasts as well as reports on current results on a quarterly and annual basis; assist with reporting on construction projects. Assure compliance with Generally Accepted Accounting Principles (GAAP) for real estate transactions, and assist with the annual financial statement audit as needed.
Qualifications: Bachelor’s degree in Accounting required; CPA certification preferred. Candidates should have experience in commercial real estate field with knowledge of real estate database software preferred. In-depth knowledge of GAAP and financial reporting practices with a focus on real estate; proficient in Microsoft Office applications, strong verbal and written communication skills.
To Apply: Submit letter of interest that includes a resume, names/addresses/phone numbers of three references, and with salary requirements to Property Accounting Manager Search. No phone calls, please. The Virginia Tech Foundation seeks a broad spectrum of candidates including women, minorities, veterans, and those with disabilities.
Competitive salary and benefits package will be offered. Review begins immediately, and applications will be accepted until the position is filled.
Virginia Tech Foundation is an Equal Opportunity Employer
Accounting: 1 year (Preferred)
GAAP: 1 year (Preferred)
Additional Salary Information: Up to $111,000
About Virginia Tech Foundation
What We Do:
For those who fund, synthesize and reap the rewards of Virginia Tech resourcefulness, the Virginia Tech Foundation is the collaborative problem solver that transforms university assets into tangible success. WE SERVE by providing private financial stewardship to the ambitious agenda of Virginia Tech, in service to the region, commonwealth, and the world.
How We Serve:
WE INVEST to support university initiatives through the stewardship of resources donated to Virginia Tech. WE DEVELOP and manage a real estate portfolio that includes properties ranging from innovational to academic to recreational that support initiatives targeting economic growth, technological advancement, and business creation. WE SUPPORT university faculty, staff, and students by managing funds used for the operation, research, and teaching efforts of Virginia Tech.