The Virginia Tech Foundation, Inc. (Foundation) was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech programs. The Foundation is a 501(c)(3) nonprofit corporation governed by its board of directors. The Foundation serves the university by generating funding from private sources and aggressively managing its assets to provide funding which supplements state appropriations. The Foundation provides additional operating support to colleges and departments, assists in the funding of major building projects, and provides seed capital for new university initiatives.
Serve as the liaison between the Real Estate/Legal Office and the Accounting Office. Maintain sound accounting procedures in the Real Estate and Legal Office and provide required financial reporting. Ensure information in real estate reporting software is accurate; oversee vendor payment requests, lease receipts, and property manager statement reconciliations. Prepare real estate journal entries including quarterly lease entries to comply with FASB ASC 842; rent accrual and deferral entries. Prepare, monitor, and analyze the annual real estate budget providing forecasts as well as reports on current results on a quarterly and annual basis; assist with reporting on construction projects. Assure compliance with Generally Accepted Accounting Principles (GAAP) for real estate transactions, and assist with the annual financial statement audit as needed.
Bachelor’s degree in Accounting required.
Commensurate with Experience