Grants Accountant

Job Title: Grants Accountant

Job ID: 25-07013

Location: Little Falls, NJ

Duration: 03 months with Possible extension.

PRINCIPAL DUTIES AND RESPONSIBILITIES: AUDIT AND COMPLIANCE:

• 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.
• Understands and utilizes: Indirect Cost and Fringe Rates, long and short applications.
• Performs processes to generate expense validation certifications consistent with OMB Uniform Guidance for faculty and others devoting effort to sponsored awards.
• Monitors restricted and sponsored award accounts for reasonableness, allowability, allocability and consistent treatment of costs and initiates corrections as needed.
• Determines the difference between exchange and non-exchange transactions as well as appropriate revenue recognition.

FINANCIAL SYSTEMS: Financial Management System

• Assists in the monitoring of grant related transactions recorded in the general ledger, making appropriate adjustments when needed.
• Assists in managing the supporting tables within the finance system for grant accounting and initiates updates as needed.
• Assists in system testing and coordination of testing with department workflow.
• Employs reporting tools to generate financial reports.
• Generates various output reports for grant analysis.
• Initiates vendor billings and receivables.
• Participates in the review of process workflows, system testing, and training.
• Provides feedback and recommendations for system design improvement.
• Reviews and validates data for accuracy and completeness.

Workday Payroll System:

• Utilizes reporting tools for validation of salary information, labor distribution/redistribution and expense validation reporting requirements.
• Generates various output reports for grant analysis.

COLLABORATION/TRAINING:

• Frequently communicates with assigned Principal Investigators (PIs) to ensure timely and accurate grant reports.
• Works collaboratively with other University Departments and other external agencies in support of grant management.
• Supports and assists in quarterly training sessions in grant processes and procedures for Principal Investigators and the Office of Sponsored Research Projects.
• Possesses competent communication skill set that allows successful communication (written and verbal) with various constituents.
• Works collaboratively with team members in the use of the Financial Management System.
• Performs other duties as assigned.
• Management retains the right to add or change job duties at any time.

Skills Required:

• Bachelor's Degree in a business-related field from an accredited college or university.
• Minimum of three years of experience in general account analysis and reconciliations as well as experience in preparing and analyzing a periodic budget/forecast to actual variance report.
• Proficiency in the Microsoft Office suite of applications is required.
• Ability to manage multiple projects and meet deadlines while maintaining focus on accuracy and attention to detail.
• Team player with strong communication and writing skills.

Experience Required:

• Minimum of three years of experience in general account analysis and reconciliations as well as experience in preparing and analyzing a periodic budget/forecast to actual variance report.