Position Overview

Are you a financial professional dedicated to higher education and student success? Winston-Salem State University invites applications for the Finance Manager, Restricted Funds. This role oversees the university's restricted accounts, including endowments, scholarships, sponsored gifts, and donor-restricted funds (including WSSU Foundation funds). It ensures accurate financial reporting, regulatory and donor compliance, and effective stewardship of restricted resources in alignment with University and UNC System policies, as well as state, federal, and donor guidelines. The Finance Manager will collaborate with Advancement, the WSSU Foundation, academic units, and external auditors to ensure funds are managed with transparency, integrity, and efficiency.

Responsibilities

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 financial 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 primary point of contact for internal and external audits of restricted accounts.
Monitor compliance with grant and gift agreements, ensuring expenditures meet 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 processes 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

Location: Winston-Salem, NC 27101
Position Number: 117013
Working Position Title: Finance Manager - Restricted Funds
Building and Room No.: 1604-B Lowery St.
Appointment Type: Permanent Full-Time
Time Limited Position: No
Appointment Length: N/A
Salary: Salary commensurate with experience

Requirements and Preferences

Bachelor’s degree in Accounting, Finance, Business Administration, or 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 & Certifications

Required License or Certification: Valid US Driver's License
Commercial Driver's License Required: No

Posting Details

Internal Posting Only: No
Time Limited Position: No
Open Date: 03/26/2026
Close Date: 04/02/2026
Open Until Filled: No
Salary: Salary commensurate with experience

Special Instructions

A criminal background check will be conducted on the finalist prior to the offer of employment. Resumes will not be accepted in lieu of completing an electronic application. The application must be completed in full detail (including work history) for your qualifications to be considered. Failure to complete the application completely may result in you not being considered for the vacant position. Your application for the position will not be complete until you receive an online confirmation number at the end of the process of applying for a position.

Finance Manager- Restricted Funds

Job Description