Senior Accountant and Tax Specialist; KF

Posted on February 20, 2019

The Kresge Foundation is one of the top 20 private foundations in the United States and the only one focused exclusively on expanding opportunities for people with low income in American Cities. With a $3.8 billion endowment and a staff of over 100 employees, the foundation deploys grants and social investments across arts and culture, education, environment, health, human services and community development.

The foundation’s state-of-the-art headquarters maintains an array of energy-efficient, water-conserving and health-promoting systems. The foundation also operates an office in Detroit’s Midtown district.

Our award-winning team includes three Certified Public Accountants whose accomplishments include the 2011 Crain’s Detroit Business CFO of the Year, 2017 DBusiness Powered by Women Award, a member of the Financial Accounting Standards Board Not-For-Profit Advisory Committee, two MICPA Women to Watch Awards, a 2015 Crain’s Detroit Business CFO of the Year Rising Star awardee, a member of the MICPA Ethics Task Force, and a member of the Walsh College Accounting Advisory Board.

Our finance and accounting team offers the broadest possible exposure to the non-profit accounting field. You will have opportunities to learn accounting insights from some of the best finance and accounting professionals in the industry.

We offer a competitive total compensation package including…

• Health benefits, employer-paid dental, vision, and life insurance
• Wellness program with financial incentives
• 4 weeks of paid time off
• Attractive 401k plan consisting of a 5% 1:1 employer match and an additional 10% employer contribution

….and other benefits:

• Breakfast, lunch, and snacks daily for a minimal charge
• Robust professional development opportunities, including tuition reimbursement
• Technology reimbursement
• Award-winning platinum LEED facility anchored by a 19 th century farmhouse

The Senior Accountant & Tax Specialist is responsible for reconciling financial accounting activity and performing the day-to-day tax and regulatory functions related to the Foundation’s tax reporting. This position has the role of gaining a thorough understanding of complex accounting and tax matters affecting the Foundation to ensure proper tax planning, compliance, research, tracking, analysis and reporting. This position will support the Deputy CFO and Controller, Finance team and other internal staff as well as interact with external tax advisors and peer foundations.

• Participates in analysis of accounting and tax issues as they arise with an emphasis on reporting for alternative investments. In conjunction with external tax advisors, researches new and pending tax regulations and assesses impact and resulting reporting requirements.
• Provides technical expertise, reviewing and recommending procedures for compliance with international, federal, state and local tax regulations. Responsible for documenting tax positions and implementing processes and procedures.
• Supports the Deputy CFO and Controller in the evaluation and monitoring of alternative investments for regulatory compliance and performs analysis to recommend the appropriate entity structure for new or renewing investments based on tax implications.
• Supports the Deputy CFO and Controller in the review of legal agreements for accounting and tax matters, participates in discussions with investment managers and/or their legal team if needed and recommends side letter language if necessary.
• Primary contact for investment tax related subscription document questions.
• Obtains U.S. Residency Certificates and foreign exemption letters as needed.
• Prepares all accounting and tax schedules, reconciliations and journal entries related to Forms 990-PF, 990-T and state tax filings for internal and external audit review.
• Prepares Forms 990-PF and 990-T for internal and external review. Responds to all review notes and reviews returns prior to filing.
• Prepares state registrations, annual reports and tax exemptions.
• Assists with…