David J. Moynihan Fellowship in Nonprofit Accounting

TITLE:                           David J. Moynihan Fellowship in Nonprofit Accounting

REPORTS TO:              Controller

STATUS:                      Regular, Part-Time, Non-Exempt

 

POSITION DESCRIPTION: The goal of this fellowship is to further the accounting profession by developing the careers of those with an interest in applying their academic experience in accounting to the nonprofit sector in Central New York. Participants in this internship will learn the practical application of nonprofit accounting principles by assisting the Central New York Community Foundation’s (CNYCF) Finance Department in its day-to-day operations. This internship is named for David J. Moynihan, former CNYCF Board Vice Chair who passed away in early 2015, in honor of his lengthy career in support of the compliance needs of the nonprofit and public sectors in Central New York and his dedication to advancing the accounting profession.

MAJOR RESPONSIBILITIES: The Moynihan Fellow will support the Finance Department as follows:

  • Track CNYCF investment pool performance
    • Understand how investment pool operates and how performance affects balances and grant spending for more than 900 component funds
  • Assist in accounts payable processing and reporting
    • Understand payable processing from purchase, through invoice receipt, to payment
  • Develop understanding of checks, balances and controls in all accounting procedures
  • Understanding fund classifications and fund accounting within a complex organization
  • Assist in preparing semiannual statements for fund holders
  • Prepare reconciliations to ensure the accuracy of the general ledger (G/L
    • Understand the continual checks and balances required for proper controls in accordance with GAAP
    • Trace various transactions through the G/L to verify accuracy
    • Learn how to correct inaccurate information in the G/L
  • Prepare audit schedules and understand the purpose of the audit and the schedules needed
  • Prepare Fixed Asset Schedule and determine the depreciation to be recorded
    • Determine life of asset and when placed in service
    • Maintain records of asset additions during fiscal year
  • Develop skills in CNYCF’s Blackbaud accounting systems (Financial Edge)
  • Assist in preparation of financial statements and develop an understanding of reporting to various levels of the foundation, including management and board

In addition, the Moynihan Fellow will participate in the annual CNYCF audit if available and be invited to attend the annual meeting of the CNYCF Board of Directors as well as meetings of its Finance and Audit Committees.

PREFERRED QUALIFICATIONS: Candidates should be well-organized, efficient and be pursuing a Bachelor’s or Master’s Degree at Le Moyne College, SUNY/Oswego or Syracuse University with the intention to obtain a CPA certification. The fellowship will last for two years and is designed for students who have completed at least two years of study. Candidates should have computer proficiency including knowledge of Microsoft Office, and a willingness to learn all appropriate Community Foundation software. Finally, candidates should demonstrate a desire to live in Central New York following graduation and to pursue a career in accounting.

TIME REQUIREMENT: 10-20 hours per week

START DATE: October 2023

BENEFITS: Hourly rate starts at $18/hour. Employee benefits include sick & safe leave and free parking.

ABOUT THE FOUNDATION: The Central New York Community Foundation is a public charity established in 1927 that receives contributions from donors, manages them to grow over time and then distributes funding to local charities to help them thrive. It is the largest charitable foundation in Central New York with assets of more than $400 million and has invested more than $230 million in community improvement projects since its inception. As a grantmaker, civic leader, convener and sponsor of strategic initiatives, the Community Foundation strives to strengthen local nonprofits, encourage better understanding of the region and address the most critical issues of our time. To learn more about the foundation, visit www.cnycf.org.

How to Apply: Interested candidates should send letters of interest and resumes to:

Email:   careers@cnycf.org

Mail:     Central New York Community Foundation

Attn: Moynihan Fellowship Search

431 E Fayette St, Suite 100

Syracuse, NY 13202

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