Staff Accountant

UNIVERSITY OF ILLINOIS FOUNDATION

has an immediate opening for an

Staff Accountant

The University
of Illinois Foundation (Foundation) is the official fundraising and private gift-receiving organization of the University of Illinois
(University). It works closely with alumni and friends, faculty and staff, corporations and foundations, as well as campus development
professionals to create fundraising programs and opportunities that benefit the University.

This role is responsible for the
processing, compliance, and reconciliation functions supporting UIF’s annuity and life income programs, operating bank accounts, and
endowment administration. The position serves as the primary administrator for charitable gift annuity and life income activity — spanning
gift intake, beneficiary payments, tax reporting, and regulatory compliance — while maintaining accurate general ledger records. The role
also ensures the integrity of operating cash accounts through daily and monthly bank reconciliations and provides backup support for
endowment administration. Working closely with external administrator TIAA-Kaspick and internal Gift Planning staff, this position requires
strong technical accounting skills and the ability to manage multiple recurring deadlines across a complex set of financial
responsibilities.

DUTIES AND RESPONSIBILITIES:

• Review and approve gift contracts, cash transfers, liquidations,
  and beneficiary payments; maintain annuity payable balances and adjust reserves as contracts terminate. Post monthly journal entries and
  reconcile TIAA-Kaspick subsidiary records to the general ledger.
• Prepare annuitant tax packages; review 1099-R and Form 5227
  filings and coordinate IRS responses. Support state CGA registrations, reserve filings, and quarterly regulatory reporting.
• Serve
  as day-to-day liaison between internal Gift Planning staff and TIAA-Kaspick on new gifts, contract amendments, and terminations.
• Reconcile all assigned operating bank accounts on a daily and monthly basis. Investigate and resolve outstanding items, posting errors, and
  unexplained variances promptly, maintaining clear workpaper documentation in support of internal controls and audit readiness.
• Develop and maintain sufficient familiarity with endowment processes — including distributions, spending allocations, investment activity
  posting, and fund-level reporting — to provide seamless coverage in the primary administrator’s absence.
• Prepare assigned balance
  sheet and account reconciliations, which may include accrued liabilities, prepaids, or other general ledger accounts. Ensure all are
  completed accurately, on schedule, and supported by appropriate documentation.
• Contribute to special projects, process
  improvements, audit support, and other departmental needs as directed by management.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree in accounting or related field
• Excellent organizational skills and demonstrated attention to detail
• Ability to work collaboratively and foster cooperative relationships with colleagues and external stakeholders
• Proficient with accounting systems and Microsoft Office products

PREFERRED SKILLS/EXPERIENCE:

• Experience
  in not-for-profit accounting
• Experience with Workday accounting software

Application Deadline: July 5, 2026

The starting salary range for this position is projected to be $52,000-$58,000 per year. While our job postings include salary
ranges, your compensation will be based on your specific experience and qualifications—we’re not limited by these posted ranges.

You’ll be inspired daily in our state-of-the-art, environmentally conscious workspace – a stunning LEED-certified building featuring
contemporary amenities including an on-site wellness center and café with healthy dining options. We encourage work-life balance through our
hybrid schedule for many positions, combining in-office collaboration with up to 2 days of remote work flexibility.

Your
comprehensive benefits package includes medical, vision, and dental coverage, company paid life insurance, generous vacation time including
24 days annually, and more. Generous pension benefits are also included. We invest in your present and future wellbeing, providing the
support you need to succeed.

Application Process: For full consideration for the role, all candidates must complete an online
application and include a cover letter and resume. Candidates may create a profile through https://jobs.uif.uillinois.edu. For further information regarding application procedures, contact
Foundation Human Resources at uifhrsearches@uif.uillinois.edu.

THE UNIVERSITY OF
ILLINOIS FOUNDATION IS AN EQUAL OPPORTUNITY EMPLOYER

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