The Virginia Tech Foundation, Inc. is a 501 (c) (3) nonprofit nonstock corporation established in 1948 to provide private financial support to enable the forward progress of Virginia Tech. Through successful asset management and the generosity of Virginia Tech alumni and friends, the Foundation continues to increase its real estate portfolio, endowment value, and support to university initiatives. It currently has over $1.5 billion dollars in assets.

The Accounting office is seeking an Accountant to reconcile bank account and credit card gifts, and maintain PCI compliance. This position also supports the Assistant Controller and AVP/Controller in various financial reporting tasks and special projects.

Full Time, Classified
Job Location: 
Blacksburg, VA
Position Number: 

Main Bank Account Reconciliation & Returns
•Develop process improvement and increase efficiency of the bank account reconciliation and returns process.
•Distribute notifications of ACH/EFT transactions to appropriate individuals/departments for posting to Banner Finance.
•Research unidentified wire deposits through communication with the bank, donors, or university departments.
•Provide wire instructions to vendors/donors who will be using ACH/EFT process.
•Prepare monthly reconciliation of VTF main bank account.
•Reconcile items through communication with bank, donors, or university departments.
•Issue corrective action for reconciling items.
•Obtain notices from the bank for returned items.
•Research returned items to determine the individual/department that initiated the item in question.
•Notify the responsible party and ensure that the return is properly reflected in Banner (i.e. void gift or journal entry to reverse the cash receipt).

Credit Card Gifts
•Reconcile gift reports from University Advancement and Athletics to Banner Finance nightly feed reports.
•Investigate discrepancies and initiate corrective action.
•Respond to gift transfer queries initiated by Gift Accounting/Athletics.
•Download credit card detail transactions and reconcile to amounts fed to Banner Finance and deposits to bank account.
•Ensure proper payment of credit card processing charges by verifying automatic debits have been properly charged to Banner and preparing the Requests for Payment for invoiced amounts.
•Ensure Alumni credit card batches are verified to settlement amounts provided by credit card processors, and complete the journal entries in Banner Finance.

•PCI compliance for the foundation as well as the subsidiary and related entities.
•Review and update compliance yearly.
•Stays current on PCI issues within Higher Ed.
•Monitor enterprise risk management plan and update as necessary.
•Annual review of safety policy and procedures.
•Coordinate with Virginia Tech Emergency Management for training and policy updates.
•Assist as a safety coordinator in drills and actual events.

Special Projects
•Assist in any other areas deemed appropriate by AVP/Controller.
•Coordinate Annual Report for VTF.
•Oversight of Student Organization funds.
•Perform financial review on funds.
•Any other duties as assigned.

Website Content Management
•Update news articles, job postings, real estate listings.
•Respond to contacts and training inquiries.
•Periodic review of site for newness.


Bachelor’s Degree in a Business, Accounting, or a related field required. Working knowledge of GAAP and financial reporting practices. Strong computer, analytical and interpersonal skills, effective interpersonal communication abilities, flexibility and creativity, administrative effectiveness, and a strong sense of work ethic, integrity, and excellence. Experience in higher education setting or non-profits. Ability to work independently.

Physical Demands:
This job operates in a professional office environment. While performing the duties of this job, the employee is regularly required to sit, walk, and lift and/or move items up to 20 pounds.

Salary Information: 

Commensurate with Experience

Send Resume To: 
References Requested: 
Please submit a cover letter, resume and a list of three professional references to the Human Resources Manager at: No phone calls please. Resumes will be accepted until the position is filled. The Virginia Tech Foundation, Inc. is an EEO Employer.
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