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Reporting Relationships

• Reports to the Director of Accounting.
• Works closely with:
  • Accounting and IT personnel
  • Cash receipting personnel
  • Banking personnel
  • Synodical Unit Executives and Managers
• Working relationship with accounting and finance personnel of related entities.

Essential Job Functions

Summary:

Supervising a staff of two–three, the Cash and Investment Manager administers the cash management functions for the Synod, Concordia University System (CUS), and Lutheran Center for Religious Liberty (LCRL), including on-line banking, wire transfers, image view and positive pay. The manager also supervises the cash receipting for all payments and receipts from districts, transfers from the Blackbaud CRM System to the Banner finance system, and all receipts for the LCMS Eastern District. Additional responsibilities include recording and reporting on all investment activity, monitoring restricted fund activity, and assisting with the annual audits.

Note: All responsibilities apply to Corporate Synod, LCRL, and CUS, except as noted.

• Supervise all cash receipting functions which include setting and monitoring procedures, maintaining account designation hierarchies that coincide with the general ledger charts of accounts, processing all district receipts, and executing the transfer of all gifts and grants from the receipting system to the Banner finance system.
• Supervise the cash receipting functions and monthly reporting for the LCMS Eastern District, setting and monitoring procedures, maintaining the account designation code structure, and posting all receipts to the general ledger.
• Serve as the direct contact for synodical districts regarding all cash remittances.
• Supervise and maintain the online banking function, which includes monitoring cash management procedures, overseeing fraud prevention tools, establishing required security for users, and ensuring fees are accurate and represent requisite services.
• Create and implement daily procedures for requesting, approving, and initiating federal and international wire transfers. Responsible for spending limit database changes for authorized signers of wires transfers per BOD directive. Establish online US Bank user limits for initiating and approving wires.
• Monitor lockbox services with US Bank, USPS, and Mission Advancement. Maintain payees, fees, and services associated with seven different accounts. Supervise prepaid postage accounts for each lockbox at the post office.
• Facilitate annual requirements of Payment Card Industry Data Security Standard (PCI DSS) for all merchant accounts with all companies used. Maintain, review, and allocate, fees, returned credit card gift transactions, merchandise, and other various fees.
• Assist with maintenance of outstanding checks and state reporting for escheat requirements, and monitor online positive pay reporting for disbursement risk management purposes.
• Account for all investment activity which includes preparing quarterly adjustments for endowments, funds held by others, and other investments, processing income distributions, reviewing supporting documents to ensure proper handling, implementing the adopted spending plan requirements, and preparing all related audit schedules.
• Account for and report on all permanently restricted activity including endowments, funds held by others, and contributions receivable.
• Review and report on custodial account activity for the Synod.
• Supervise Synod Housing Assistance monthly interest and annual 1098-INT IRS reporting.
• Provide accounting services for the Youth Gathering and Cross-Cultural Gathering.
• Monitor certain balance sheet accounts for accuracy, analysis, and reporting, including non-cash gifts, holding accounts, prepaid postage, and miscellaneous payables and receivables.
• Supervise monthly Reporter mailing statement reports from USPS for maintaining sufficient balance requirements.
• Supervise the monthly reconciliation of all bank accounts except payroll accounts.
• Assist with preparing the monthly synodical financial statements and other reporting.
• Supervise the scanning and filing of cash receipt, wire transfer, and journal entry documents.
• Prepare annual staff performance reviews.
• Assist with providing for the completion of annual audits.

Education and Experience

• Minimum of a Bachelor’s Degree in accounting required – CPA/MBA preferred.
• Minimum of five years accounting experience required.
• Experience in not-for-profit accounting required.
• Supervisory experience preferred.
• LCMS experience in synodical accounting preferred.
• Active member of an LCMS congregation preferred.

Competencies (Knowledge, Skills and Abilities)

• Knowledge of PC systems, including Excel or equivalent.
• Ability to work independently and take initiative to identify, evaluate, correct, and improve problems/procedures.
• Strong oral and written communication skills.
• Strive to not only understand processes and procedures but why they exist.

Supervisory Responsibility

• Supervises two–three Accounting Assistants.
• Works closely with accounting personnel.

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