Finance Manager- Restricted Funds

Position Overview

Winston-Salem State University is looking for a Finance Manager for Restricted Funds. This role oversees the administration, reporting, and compliance of restricted accounts, including endowments, scholarships, donor restricted gifts, and Foundation funds. It ensures accurate financial reporting, regulatory adherence, and responsible stewardship of restricted resources in line with University and UNC System policies, as well as applicable state, federal, and donor guidelines. The Finance Manager collaborates with Advancement, the WSSU Foundation, academic units, and external auditors to maintain transparent and efficient fund management.

Key Responsibilities

• Financial Oversight & Reporting
  • Manage accounting, reconciliation, and financial reporting for all restricted and endowed funds.
  • Prepare monthly, quarterly, and annual reports on restricted fund activity for senior leadership, Advancement, and the WSSU Foundation.
  • Ensure timely posting and reconciliation of revenues, expenditures, transfers, and investment earnings.
  • Partner with the Controller’s Office to prepare required financial statements, schedules, and disclosures related to restricted assets.
  • May utilize financial software to account for Foundation activity and complete monthly bank and investment statement reconciliations.
• Compliance & Stewardship
  • Ensure all restricted funds are administered in accordance with donor intent, university policy, UNC System guidelines, and applicable legal/regulatory requirements.
  • Oversee endowment spending calculations, payout schedules, and monitoring of fund balances.
  • Serve as the primary point of contact for internal and external audits of restricted accounts.
  • Monitor compliance with grant and gift agreements to ensure expenditures align with donor restrictions.
• Collaboration & Process Improvement
  • Partner with University Advancement and the WSSU Foundation to strengthen stewardship reporting to donors.
  • Provide financial guidance to academic and administrative units on the appropriate use of restricted funds.
  • Support budgeting and forecasting related to scholarships, endowment payouts, and gift funded initiatives.
  • Develop and improve financial controls, processes, and reporting tools to enhance efficiency and accountability.
• Leadership & Communication
  • May supervise staff assigned to restricted fund management.
  • Present fund performance and compliance updates to University leadership and Board/Foundation committees as needed.
  • Educate stakeholders across campus on restricted fund management best practices and compliance requirements.

Position Information

• Position Number: 117013
• Working Position Title: Finance Manager - Restricted Funds
• Building and Room No.: 1604-B Lowery St.
• Appointment Type: Permanent Full-Time
• If Time Limited: No
• Appointment Length: N/A
• Position Classification Title: Accounting Professional, Accountant Sr.
• FLSA: Exempt
• Position Class: 89830

• Normal Work Schedule: Mon-Fri 8:00 am – 5:00 pm (during year end, occasional evenings and weekends)
• Location: Winston-Salem, NC 27101
• Salary: Salary commensurate with experience

Requirements and Preferences

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• At least 4 years of progressive financial management experience, with preference for higher education, foundations, or nonprofit fund accounting.
• Strong knowledge of GAAP, fund accounting, and endowment/gift fund management practices.
• Demonstrated experience preparing financial reports, audits, and reconciliations.
• High attention to detail, analytical skills, and ability to manage multiple priorities.

Preferred Qualifications

• Master’s degree in Accounting, Finance, Business Administration, or related field.
• Experience with UNC System financial policies, state fund accounting, or similar higher education frameworks.
• Familiarity with donor stewardship practices and Advancement/Foundation partnerships.

Licenses

• Valid US Driver's License
• No Commercial Driver's License required

Posting Details

• Open Date: 03/26/2026
• Close Date: 04/02/2026
• Open Until Filled: No

Special Instructions

Please note that a criminal background check will be conducted for the finalist prior to an offer of employment. Resumes will not be accepted in lieu of completing an electronic application. The application must be fully completed (including work history) for qualifications to be considered. The application is not complete until an online confirmation number is received at the end of the process.