Grants Accountant

About the role

Reporting to the Director of Grants Accounting, the Grants Accountant is responsible for maintaining continuous compliance with federal, state, and industry requirements for accurate and timely reporting on expenditures of funds for a portfolio of assigned grants. This position is responsible for all post-award financial accounting & reporting for their assigned projects. This includes accounting, billing, receipting, reporting, and ensuring compliance with Federal and State regulations, sponsor/grantor requirements, and Foundation activities.

Responsibilities

• Responsible for the prescribed implementation of procedures for internal controls: procedures and practices within the Grants and Restricted Accounting Department consistent with current GASB, FASB, and OMB Uniform Guidance Standards.
• Understand and utilize Indirect Cost and Fringe Rates, long and short applications.
• Perform processes to generate expense validation certifications consistent with OMB Uniform Guidance for faculty and others devoting effort to sponsored awards.
• Monitor restricted and sponsored award accounts for reasonableness, allowability, allocability and consistent treatment of costs and initiates corrections as needed.
• Determine the difference between exchange and non-exchange transactions as well as appropriate revenue recognition.
• Assist in the monitoring of grant-related transactions recorded in the general ledger