Finance Analyst - MUSC Foundation

Job Description Summary
The MUSC Foundation manages approximately $1 billion in total assets, including $918 million in investments and $49 million in real estate, with remaining assets held in various other categories.


The Foundation’s mission is to support the educational, research, clinical, and strategic programs of the Medical University of South Carolina (MUSC), the Medical University Hospital Authority, and other related entities.

MUSC Foundation is searching for a Finance Analyst who is responsible for bank reconciliations, treasury maintenance, general ledger reconciliations, journal entries and audit support.

Entity
University Medical Associates (UMA) Only Employees and Financials

Worker Type
Employee

Worker Sub-Type
Regular

Cost Center
CC002075 UMA OTHR PAY MUSC Foundation CC

Pay Rate Type
Salary

Pay Grade
Health-26

Scheduled Weekly Hours
40

Work Shift

Job Description

Location: This position will be based out of the Foundation Office in Downtown Charleston

Schedule : Monday - Friday, Standard Day Hours

Required Education:

Bachelor’s degree or minimum of two years of experience in accounting, finance, or a related field

Job Duties:

35% - Bank Reconciliation Responsible for timely and accurate preparation of bank account reconciliations for all entities (MUSC Foundation, MUSC Events LLC, 1824 Health Ventures LLC, etc.). Reconciles bank transactions within the MUSC Foundation checking accounts on a daily basis. Investigates and resolves discrepancies between bank statements and general ledger balances.

25% - Investment Reviews and reconciles investment accounts including both the long-term and short-term pools along with planned gift portfolios. Performs all appropriate reviews of transactions codes used for tracking investment balances and other activity to ensure completeness of records. Responsible for generating, monitoring, updating, and ensuring accuracy of monthly allocations of investment activity across approximately 1,700 projects. Records investment-related transactions, including purchases, sales, income, and valuation adjustments. Maintains investment schedules and investment audit schedules.

15% - Real Estate Records and reconciles real estate transactions, including acquisitions, dispositions, rents, and related expenses. Maintains detailed supporting schedules for real estate assets and related liabilities. Maintains and updates the Fixed Asset System which includes generating monthly depreciation journal entries and maintaining schedules. Provides quarterly cash flow analysis for rental activities. Calculates and records derivative activities associated with interest rate swaps

Prepares audit schedules for real estate.

15% - Accounting Support Reconciles asset and liability accounts. Follows and updates standard operating procedures. Coordinates with Finance Director to prepare all journal entries associated with daily, monthly, and quarterly money transfers associated with treasury management. Provides audit assistance.

10% - Other Duties/Special Projects Other duties and responsibilities as assigned. Provides back-up to other staff accountants. Assists with system implementation and improvement

Qualifications

• Basic knowledge of accounting principles
• Knowledge of the principles, practices, theories and terminology of accounting, banking, financial management or investment
• Ability to learn and use new software and programs
• Advanced Microsoft Excel skills
• Ability to proficiently apply mathematical concepts
• Ability to analyze and interpret complex financial data and reports
• Ability to perform qualitative and quantitative analysis
• Organized, inquisitive, diligent, and self-directed
• Detail oriented
• High standards of work quality and presentation

Additional Job Description

Physical Requirements:

Continuous requirements are to work indoors; possess good finger dexterity; maintain tactile sensory functions; maintain 20/40 vision corrected in one eye or with both eyes; maintain good peripheral vision capabilities; and maintain hearing acuity with correction.

Frequent requirements are to perform job functions while standing/upright, sitting, and walking/mobile; fully use both hands and arms; perform repetitive motions with hands, wrists, elbows, and shoulders; perform gross motor functions with frequent fine motor movements; reach in all directions; see and recognize objects close at hand and at a distance; match or discriminate between colors; determine distance and relationship between objects including depth perception; and hear and/or understand whispered conversations at a distance of 3 feet.

Infrequent requirements are to work outdoors in all weather and temperature extremes; work in confined/cramped spaces and dusty areas; kneel and squat to perform job functions; perform pinching operations; lift and carry 15 lbs. unassisted; lift objects up to 15 lbs. from floor level to a height of 36 inches unassisted; and push or pull objects up to 15 lbs. unassisted.

If you like working with energetic enthusiastic individuals, you will enjoy your career with us!


The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.


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