Director Of Compliance

Profile

Director of Compliance
Duties: Supports the mission of the Foundation through oversight and development of procedures for gift acceptance, planned giving administration, donor and gift agreements, donor compliance, fund auditing and utilization. Provide highly technical expertise for complex gift vehicles including split interest agreements, real estate, and closely held business interests. Drive collaboration with Foundation and University partners to positively impact fund utilization and stewardship. Educate, train and assertively address underutilized funds through establishing sustainable processes and active partnership that will deliver the highest level of accountability to our donors. This position will provide leadership to the Compliance department, and enhance, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the organization. Meets established timelines through the execution of sound judgment and timely decision making. Exercises judgment and initiative in interpreting policy and guidelines on financial and compliance matters. Has in-depth understanding of complex gifts, institutional financial policies and procedures and makes appropriate decisions based on this knowledge. Collaborate with Accounting, Information Services, Development, and Management to help ensure the organization is meeting its fiduciary responsibilities to donors and the University. Maintain departmental separation of job duties for a high level of internal control. This position requires a high level of organization, attention to detail, and process management to ensure compliance with donor intent. Ensure successful performance by developing a competent, well-educated staff through ongoing communication, training and coaching to achieve stated objectives. Responsible for providing effective, professional, and conscientious leadership to Compliance department. Manage gift acceptance process, including legal review of real estate documents and transactions, and review of due diligence summaries to assess potential risks and liabilities. Manage all aspects of deferred giving, bequests, and split interest agreements including gift administration, receipting, working directly with our third party administrator for charitable trusts and charitable gift annuities, and bequest/estate documentation review and monitoring. Oversee all ongoing fiduciary responsibilities as issuer of charitable gift annuities and trustee of charitable remainder and lead trusts, including beneficiary payments and reporting, investments and tax reporting. Represent interests of Foundation in all probate matters. Provide legal counsel for planned giving and development staff on matters related to current gifts, planned gifts and estate planning by: Providing advice relative to charitable tax deduction issues and procedures for making gifts. Providing consultation and advice and preparing necessary legal documents concerning the acquisition of gifts such as closely-held corporations and real estate. Preparing and distributing information concerning tax law changes and implications. Ensure timely review and approval of endowment agreements and donor fund agreements. Includes reviewing the language for accuracy and the ability to manage as well as mitigate fiduciary risk. Develop and monitor eligibility and criteria standards and guidelines for the use of donor restricted funds including appropriate language in donor agreements and for NDSU departments to utilize gift funds. Provide interpretations of donor intent as matters arise. Oversee, develop, and manage an internal audit process for donor compliance. Define and implement effective methods for ensuring financial accountability of donor funds, with specific focus on underutilized funds. Work directly with colleagues at the Foundation and the University to analyze processes and ensure funds are utilized in accordance with donor intent outlined in fund governing documents. Develop gift agreements for funds lacking documentation, including working with the University and donors. Proactively identify and research potential fund use issues. Actively partner with Foundation and University staff to resolve specific issues or concerns about donor funds, on behalf of donors and the University. Create and manage the fund re-purposing process. Lead the effort with development and University staff in reviewing donor funds; coordinate, convene and drive meetings to review fund balances and develop spending plans as appropriate. Identify funds that are not being spent, may be too restrictive, or where the original intent of the fund cannot be fulfilled and develop strategies for effective utilization. Develop strategies for comprehensive education of and communication to University and Foundation staff on the importance and impact of successful fund stewardship, as well as fund expenditure policies and procedures. Prepare and review contracts and agreements. Oversee charitable solicitation and charitable gift annuity compliance activities. Stay current on federal and state laws and regulations pertaining to the Foundation; update internal staff as needed. Manage commercial insurance programs and the relationship(s) with insurance brokers to ensure adequate loss control. Work with insurance broker to resolve claims. Evaluate insurance needs for general liability, building/facilities, directors/officers, and employment practices on annual basis. Other projects or duties as assigned. Set priorities, develop a work schedule, monitor progress towards goals, and track details/data/information/activities. Efficiently operate a personal computer and associated software (Outlook, Word, Excel, etc.) Maintain files accurately, in paper and in software programs Maintain records and prepare reports Handle multiple tasks simultaneously Plan, prioritize and meet deadlines Establish and maintain positive working relationships with others both internally and externally to achieve the goals of the organization. Interact in an effective and appropriate manner with diverse populations, internal staff, University community and the public Work cooperatively and effectively with others to resolve problems and make decisions that enhance organizational effectiveness. Maintain confidentiality of records and information Display excellent judgment and decision making Ability to follow through on projects with little supervision Ability to spot problems Speak, listen and write in a clear, thorough and timely manner using appropriate and effective communication tools and techniques. Prompt and reliable attendance. Demonstrate support of the Foundation’s mission and beliefs.

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