Job Description
Job Description
Permian Basin Area Foundation (the Foundation) is seeking a Senior Accountant with a proven track record of success in accounting and finance, and a strong connection to our mission of partnering with donors in creating permanent charitable funds to enrich the quality of life in West Texas communities. The ideal candidate will have a strong understanding of accounting, financial reporting and tax compliance for tax-exempt organizations.
The ideal candidate is interested in opportunities for advancement as the Foundation grows. Candidates must have a Bachelor’s or Master’s degree in Accounting; Certified Public Accountant (CPA) or Certified Management Accountant (CMA) is strongly preferred. This position also requires five or more years of professional experience in accounting including knowledge of non-profit and fund accounting, finance and general business administration.
Permian Basin Area Foundation offers a total compensation package to include the following :
- Starting salary range of $110,000 - $120,000, depending on experience and other qualifications
- Comprehensive benefits package sponsored by Professional Employer Organization including employer paid health insurance, health savings account, employer paid life and disability insurance, 401k including employer safe-harbor contributions, flexible spending account, and other benefit options
- 14 paid holidays
- Paid Time Off (PTO)
- Flexible work schedule (depending on role and subject to approval)
- Remote / hybrid work environment (depending on role and subject to approval)
Location : Midland TX / Hybrid (subject to approval)
___________________________________________________________________________________________________
Position Description
Senior Accountant
Full-time, FLSA status exempt.Reports to Chief Financial Officer (CFO).General
The Senior Accountant is responsible for the financial accounting and reporting activities of the Foundation, including : financial accounting, reporting, internal controls, bank and investment account reconciliations, annual financial statement audits, and Form 990 preparation.
Essential Duties and Responsibilities – Monthly
Reconcile bank and investment account statements.Financial statements (review posting of transactions, journal entries, inter-fund transfers, and prepare financial statements).Review daily deposits and reconcile deposits to independent listing of cash / checks received.Review coding of accounts payable and posting of accounts payable.Special projects as requested.Prepare financial analysis and provide support to other staff as needed.Provide guidance to Finance and Accounting Administrator as needed.Other Duties and Responsibilities
Assist with coordination of annual audit process with independent accounting firm.Assist with preparation of audited financial statements and required disclosures.Prepare Forms 990 and supporting workpapers.Prepare reports as necessary for Board of Governors and Committee meetings.Oversee review of fund statements.Oversee update of Funds Inventory (stratification).Assess fees on funds in accordance with the Foundation’s policies.Oversee the maintenance of fixed asset database and depreciation schedule.Assist in the development and implementation of accounting policies, procedures and systems.Oversee and support special projects related to accounting and financial reporting as required.Support the implementation of new accounting standards and regulations.Qualifications
Excellent interpersonal and professional communications skills.Strong analytical and problem-solving skills.Strong organizational and time management skills.Capacity to work independently and as part of a goal-oriented team.High technical proficiency with standard office software / cloud-based programs, including Microsoft Office Suite, particularly Excel, accounting software, and capacity to learn new programs to support work tasks and efficiencies.Proven ability to manage multiple projects and tasks simultaneously.Proven attention to detail and a high level of accuracy.Ability to handle confidential information with integrity.Bachelor’s degree or master’s degree in accounting required.Certified Public Accountant and / or Certified Management Accountant strongly preferred.Five or more years of professional experience in accounting including knowledge of non-profit and fund accounting, finance and general business administration.Valid Texas Driver’s License.This position description is for general understanding of the expectations of the employee and should not be considered to be comprehensive or exclusive of other duties that may be assigned.