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Grants Accountant

1 month ago

Winston Salem NC United States Forsyth Technical Community College Full time
The Grants Accountant supports functions of the College, including application of accounting principles in the administration of grants and contracts, budget preparation, analysis, and modification, review and reconciliation of accounting data, accurate and timely financial reporting of transactions, and maintenance of internal controls. This position analyzes financial information and reviews and interprets Federal regulations and Uniform Guidance, North Carolina Community College System regulations, grant agreements, College policies, and other applicable regulations and guidelines to assist in ensuring compliance with policies and procedures. The position assists with or performs grant-related post-award functions, including award set up, award maintenance, transaction review, invoicing, financial reporting, cash management, closeout, and effort reporting. The Grants Accountant assists the Senior Grants Accountant and Director of Foundation/Grants Accounting by performing other related duties as assigned. This individual must be able to work independently and must be exceedingly well organized, flexible, and possess the ability to work with a high level of professionalism. Developing strong, healthy relationships with other College faculty and staff as well as effective verbal and written communication skills will also be crucial to the success of this role.
Minimum Qualifications
Bachelor's degree. Note: Degrees and hours must be from a college accredited by a United States Department of Education accepted accrediting agency such as SACSCOC.
Five years' experience in accounting.
Strong understanding of financial and managerial accounting concepts and principles.
Proficient in Excel, with working knowledge of other computer applications.
Ability to work in a diverse environment.
Preferred Qualifications
Five years' experience in grants accounting; knowledge of federal Uniform Guidance.
Three years' experience in fund accounting.
CPA certification.
Master's degree in Accounting or Business Administration.
Experience with Colleague or Banner by Ellucian
Essential Duties
Maintain the College's financial records regarding assigned grants portfolios in the general ledger. Analyze financial information to prepare reconciliations and reports to document transactions.
Maintain documentation and assist with general ledger accounting for assigned grants matching requirements.
Ensure transactions and accounts are recorded according to generally accepted accounting procedures (GAAP) and in compliance with federal and state regulations and guidelines, including Uniform Guidance, the grantor's terms and contracts, and institutional policies. Ensure expenditures of grant funds adhere to program budget and review a variety of financial documents for completeness, accuracy, conformance with requirements and regulations.
Prepare month-end and adjusting journal entries for assigned grants and grant match, if applicable.
Reconcile and prepare monthly financial grant reports. Prepare quarterly, annual, interim reports and analyses as needed and upon request. Ensure timely submission of financial reports to grantors.
Prepare and ensure timely submission of required invoice and/or billing reports for agencies to reimburse the College. Reconcile monthly grant reports to funds received. Reconcile funding drawdowns from federal/state agencies for assigned grants.
Setup and distribute time and effort reporting templates and review reported effort to make allocation and account adjustments as needed.
Collaborate with grant project directors/principal investigators in monitoring budget status, preparing post-award budget modifications, initiating prior approval requests, developing contracts, and fulfilling reporting requirements.

Provide support and training on federal Uniform Guidance, guidelines specific to the sponsored project, State and College policies/procedures, Business Services' payment processing procedures, etc.
Prepare and review financial reports with project directors.
Audit financial transactions and reimbursement requests for grant subrecipients, if assigned.
Facilitate award closeout procedures including performing final reviews of awards/contracts/project expenditures, payments, and accounts receivable. Process closing entries in the College's accounting system as needed.
Maintain and update financial files for audits and grant record retention requirements.
Assist with review of grant and contract proposals with a concentration on pre-award budget development.
Support close-out procedures for year-end reporting and auditing.
Works independently under minimal supervision.

Act as back-up for other functions as needed.

Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee will need to regularly operate and use computers, phones, and other electronic equipment.
The employee will frequently communicate and must be able to exchange accurate information with others.
The employee may need to move around their office and/or campus to attend meetings/ classes and to access files, machinery, or other job-related tools.
The employee may need to lift and/or move equipment, tools, or paperwork up to 25 pounds.
The employee may need to position themselves by reaching, stooping, kneeling, or crouching in order to adjust or collect equipment and/or supplies.
Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
While performing the duties of this job, the employee occasionally works near moving mechanical parts; in high, precarious places; and in outside weather conditions and is occasionally exposed to fumes or airborne particles, toxic or caustic chemicals, and risk of electrical shock.

Workplace Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Encounters low to moderate noise levels in the work environment.
Posting Detail Information

Open Date 07/24/2024
Close Date 08/31/2024
Open Until Filled No
Special Instructions to Applicants
If you require assistance, please contact Human Resources. EOE/AA