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Endowment Manager Jobs in Michigan (NOW HIRING)

Northwood University

Controller

Midland, MI · On-site

Oversee restricted fund management and endowment accounting as applicable. * Coordinate and oversee the annual external audit process, consult with auditors, and ensure timely completion of all audit ...

McLaren

Director Philanthropy

Pontiac, MI · On-site

... management and delivery of foundation programs and services meeting all objectives as outlined by ... endowment, capital, and other special gifts from assigned prospects and donors. 3. Assists in the ...

McLaren Oakland

Director Philanthropy

Pontiac, MI · On-site

... management and delivery of foundation programs and services meeting all objectives as outlined by ... endowment, capital, and other special gifts from assigned prospects and donors. 3. Assists in the ...

McLaren

Vice President Philanthropy

Petoskey, MI · On-site

... major, planned, endowment, capital, and other special gifts from assigned prospects and donors using Moves Management methodology 3. Plans and administers directly, and through subordinate ...

Northwood University

Advancement Officer

Midland, MI · On-site

Manages an active portfolio of 90-120 individuals and reports monthly on the following metrics ... endowment growth. * Maintain confidentiality and sensitivity concerning donor information and ...

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Endowment Manager information

What do endowment managers do?

Endowment managers oversee the investment and management of funds for institutions such as universities or non-profits to ensure long-term financial stability. They develop investment strategies, monitor portfolio performance, and collaborate with financial advisors, often requiring knowledge of financial markets and investment tools.

What are the key skills and qualifications needed to thrive as an Endowment Manager, and why are they important?

To thrive as an Endowment Manager, you need expertise in investment management, financial analysis, and a background in finance or economics, often supported by a CFA or similar credential. Familiarity with portfolio management software, financial modeling tools, and risk assessment systems is essential. Strong communication, strategic thinking, and relationship-building skills help you work effectively with boards, donors, and investment committees. These skills ensure prudent stewardship of endowment funds, supporting long-term organizational stability and growth.

What is the 120 rule for endowments?

The 120 rule for endowments is a guideline used to determine the sustainable spending rate by subtracting the endowment's age from 120; for example, a 50-year-old endowment would aim for a 70% spending rate. Endowment managers use this rule to balance spending with investment growth, ensuring long-term financial health of the fund. It is one of several methods to establish a prudent spending policy based on the endowment's size and investment returns.

What are Endowment Managers?

Endowment Managers are professionals responsible for overseeing and managing the investment portfolios of endowments, which are funds donated to institutions such as universities, non-profits, or foundations. Their primary goal is to ensure the long-term growth and stability of these funds to support the institution’s mission and objectives. They develop investment strategies, monitor market trends, and make decisions about asset allocation to balance risk and return. Endowment Managers often work closely with investment committees and may also be involved in fundraising and donor relations.

What is the difference between Endowment Manager vs Investment Analyst?

AspectEndowment ManagerInvestment Analyst
CredentialsTypically requires a CFA or similar certification, relevant finance degreesOften requires a finance, economics degree; CFA is a plus
Work EnvironmentManages endowment funds for institutions, working in a nonprofit or university settingWorks in financial firms, banks, or investment departments analyzing securities
Employer & IndustryEducational institutions, nonprofits, foundationsAsset management firms, banks, investment companies

Endowment Managers focus on managing large institutional funds, emphasizing long-term growth and donor restrictions. Investment Analysts analyze market data and securities to support investment decisions. While both roles require financial expertise and certifications like CFA, Endowment Managers oversee entire portfolios within specific institutions, whereas Investment Analysts focus on research and analysis to inform investment strategies.

What are some common challenges faced by Endowment Managers when balancing investment growth with spending needs?

Endowment Managers often face the challenge of ensuring the endowment’s long-term growth while also supporting the institution’s current spending requirements. This balancing act involves careful asset allocation, risk management, and adhering to spending policies to maintain intergenerational equity. Market volatility, fluctuating returns, and changing institutional needs can make this process complex, requiring strong communication with stakeholders and regular portfolio reviews. Successful managers collaborate closely with investment committees and finance teams to align strategies with the organization’s mission and financial goals.

What is the highest paying job in investment?

In investment roles, hedge fund managers and private equity executives tend to have the highest salaries, often exceeding several million dollars annually including bonuses. These positions require extensive experience, strong analytical skills, and often advanced certifications like the CFA or MBA. Compensation varies based on performance, firm size, and geographic location.

How much does an endowment manager make?

An endowment manager's salary typically ranges from $70,000 to $150,000 annually, depending on experience, education, and the size of the endowment they manage. Senior or highly experienced managers at large institutions can earn over $200,000, often supplemented with bonuses and benefits.
What are the most commonly searched types of Endowment jobs in Michigan? The most popular types of Endowment jobs in Michigan are:
What are popular job titles related to Endowment Manager jobs in Michigan? For Endowment Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Endowment Manager jobs in Michigan look for? The top searched job categories for Endowment Manager jobs in Michigan are:
Endowment Manager jobs near you
Accountant, Endowment & Institutional Funds

Accountant, Endowment & Institutional Funds

Spring Arbor University

Spring Arbor, MI

Full-time

Posted 27 days ago

Job description

Accountant, Endowment amp; Institutional Funds
Summary
This position supports the SAU Controller, AVP of Advancement, and Director of Financial Aid in the areas of institutional fund accounting and mobilization of resources within a Christ-centered higher education environment. The role is responsible for specialized and/or complex accounting areas including, but not limited to, endowment accounting, designated giving, strategic fund balance management, and related cross-departmental initiatives. Individual will exhibit a life and service that is in full accord with The Spring Arbor University Concept and Community Covenant. Exempt, full-time, 12 months.
Responsibilities include but are not limited to:
  • Reconciling all endowment accounting records, including gifts, distributions, adjustments, etc.
  • Working to innovate and streamline endowment accounting processes with intention of building greater transparency for donors and creating analytical tools for Finance to drive increased giving.
  • Communicating across departments to establish revenue attainment and recognition policy, as well as fund balance utilization recommendations.
  • Serving as a Finance Office liaison to assess, evaluate, and execute strategic plan initiatives, including progression/milestone tracking.
  • Supporting chart of accounts maintenance, including restructuring and optimization for reporting and compliance needs.
  • Developing working knowledge of financial aid accounting and collaborating with the Financial Aid Director to maximize awards to students as a key driver of enrollment.
  • Embracing technology (specifically AI) to improve internal reporting accuracy and effectiveness, and data analysis capabilities in the Finance, Advancement, and Financial Aid offices.
  • Supporting the University grant writer in researching grant opportunities and supplying financial information for proper grant compliance.
Required Qualifications
  • Bachelor’s degree in Accounting or related field.
  • Strong knowledge of endowment and fund accounting principles, especially in the context of higher education. Consideration will be given to those with nonprofit accounting experience, but higher education or donor accounting experience is preferred.
  • Advanced Excel, Power BI, and Automated Workflow application skills.
  • Strong interpersonal and communication skills.
  • Ability to manage complex, cross-functional priorities and meet deadlines.
  • A passion for innovation through collaboration and technology.
  • Basic knowledge and understanding of AI prompting.
  • Basic Oracle systems experience preferred, though not required.
  • Investment strategy and experience desired, though not required.
  • Commitment to exhibiting a life of service and supporting the Christ-centered mission of Spring Arbor University.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Spring Arbor University is an Equal Opportunity Employer. We believe it is our moral and legal obligation to meet the responsibility of ensuring that all management practices regarding employees are conducted in a nondiscriminatory manner. In compliance with Title VII of the 1964 Civil Rights Act, and other applicable federal and state statutes, all recruiting, hiring, training, and promoting for all job classifications will be administered without regard to race, color, ancestry, age, sex, national origin, pregnancy or childbirth, disability, military veteran status or other applicable status protected by law, including state of employment protected classes. It is, therefore, our policy and intention to evaluate all employees and prospective employees strictly according to the requirements of the job. All personnel related activities such as compensation, benefits, transfers, job classification, assignments, working conditions, educational assistance, terminations, layoffs, and return from layoffs, and all other terms, conditions and privileges of employment will be administered without regard to race, color, ancestry, age, sex, national origin, pregnancy or childbirth, disability, military veteran status or other applicable status protected by law, including all applicable state of employment protected classes. Spring Arbor University is a Christian religious-affiliated organization; and as such, is not subject to religious discrimination requirements; the University’s hiring practices and EEO discrimination practices are in full compliance with both federal and state law. Federal law creates an exception to the “religion” component of the employment discrimination laws for religious organizations (including educational institutions) and permits them to give employment practice preference to members of their own religious beliefs.

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