The Senior Accountant, reporting to the Accounting Manager, will primarily be responsible for the accounting and reporting of the organization’s Endowment Funds, Fixed Assets, and various audits related to employee benefits. The position requires strong analytical and communication skills with the ability to independently work with third party service providers and cross functionally within the organization. Responsibilities include full ownership of analyzing and reconciling accounts, booking adjusting journal entries and preparing analysis as required.
The candidate will also lead the company’s various audits related to the Staff & Musician Pension Plans and the 403(b) plan audits, as well as the required filings. The candidate will prepare 403(b)-related analyses, support for non-discrimination testing, contribution true-ups, and various calculations as required.
Position Elements:
- Prepare monthly journal entries to record endowment-related investment activity based on statements received from Wells Fargo, SEI, Music Center Foundation, etc.
- Prepare calculation of and journal entries to record endowment spending.
- Prepare monthly journal entries to record investment activity (SERP & 457 plans) based on statements received from third party service providers.
- Prepare quarterly analysis of endowment funds, including entering activity into Endowment Solutions.
- Prepare and provide endowment-related analyses to Philanthropy department.
- Analyze intercompany transaction to understand cash transfer needed between Operating and Endowment Funds
- Analyze GAAP for specific contribution-related vehicles, including life insurance policies and charitable remainder trusts.
- Prepare quarterly analysis of forecasted restricted revenue analysis for CFO.
- Analyze temporarily restricted net assets for release based on expiration of time or purpose restrictions; prepare resulting journal entries at year-end.
- Prepare subledger and general journal entries to record fixed asset additions, disposals, depreciation, and adjustments.
- Maintain fixed asset subledger, including assigning project IDs to assets. Periodically review fixed asset listing for fully depreciated or unused assets.
- Prepare Annual Capital Expenditure survey for reporting to Census Bureau.
- Prepare annual LA County property tax filing on Form 571-L and all supporting schedules.
- Reconcile assigned balance sheet accounts on a monthly or quarterly basis and prepare any resulting adjusting journal entries.
- Analyze assigned P&L accounts on a monthly or quarterly basis and prepare any resulting adjusting journal entries.
- Coordinate annual audits and regulatory filings (Form 5500, nondiscrimination testing, etc.) related to LAPA-sponsored pension & 403(b) plans.
- Analyze annual actuarial reports for LAPA-sponsored pension plans; prepare resulting journal entries to adjust year-end balances.
- Assist with the annual independent audit, including preparation of supporting schedules.
- Prepare footnotes related to above responsibilities for annual financial statements.
- Assist in the preparation of various reports to meet the needs of interested parties such as LAPA management, donors, and Board of Directors, as well as any legal or regulatory requirements.
- Perform responsibilities with a high degree of integrity, ensuring timeliness, accuracy, and compliance with GAAP.
- Comply with internal controls and best practices.
- Prepare and maintain process documentation for all areas of responsibility.
- Perform other duties as assigned.
Minimum Requirements
- Bachelor’s degree in Accounting, Finance, or similar equivalent experience.
- A minimum of 6 years’ experience in accounting or finance function.
- Experience in not-for-profit industry preferred.
- Experience accounting for pension plans preferred.
- Advanced proficiency required in Microsoft Excel preferred.
- Experience using Great Plains a plus.
- Perform responsibilities with a high degree of integrity, ensuring timeliness, accuracy, and compliance with GAAP.
- Must be extremely detail oriented with high accuracy and productivity.
- Must be highly responsive with strong verbal and written communication skills.
- Ability to manage competing and sometimes shifting priorities in a deadline-oriented environment.
- Ability to work independently as well as in a team environment.
- Dedication and commitment to engage in and promote diversity, equity, and inclusion within the staff, vendors, and within interactions with the surrounding community is a must.
The Los Angeles Philharmonic Association will consider for employment qualified Applicants with Criminal Histories in a manner consistent with the requirements of the FCIHO.