Manager of Project Financial Operations

1 week ago

Watertown, Massachusetts, United States Education Development Center, Inc. Full time
Company Overview

Education Development Center, Inc. (EDC) stands as a prominent nonprofit organization dedicated to research and development. EDC is committed to designing, implementing, and evaluating programs that enhance education, health, and economic opportunities globally. Through collaboration with various public and private entities, we envision a world where every individual has the opportunity to lead a healthy and productive life.

EDC prioritizes equity, diversity, and inclusion, reflecting our dedication to respecting the dignity of every person. We aim to promote equitable access to high-quality education and health services, fostering thriving communities where individuals from diverse backgrounds can learn, live, and work together. Our commitment to increasing equity is evident in our strategies, services, and products, all of which contribute to building capacity and transforming lives.

Position Overview

The Project Accounting Manager plays a crucial role in overseeing and executing all accounting functions related to the effective setup, management, reporting, revenue recognition, and closure of EDC's projects. This position will supervise the Project Data Management Specialist, who is tasked with establishing projects and inputting award modifications, including necessary budget data into the financial system. Additionally, this role is responsible for the preparation and timely submission of required federal project financial reports and small business reporting obligations.

The Project Accounting Manager will:
  • Ensure precise calculations of revenue recognized for each program and maintain accurate revenue formulas. This involves close collaboration with the Office of Sponsored Programs, Accounts Receivable team, Project Managers, Division Finance Directors, and Center Financial Managers.
  • Generate monthly revenue and gain/loss reports, including detailed commentary on the margins for individual projects.
  • Oversee the maintenance of the project reconciliation database.
  • Lead efforts to ensure timely and efficient project closures and final billings.
  • Prepare month-end and year-end revenue closing entries.
  • Compile all federal and non-federal project financial reports in accordance with project terms.
  • Prepare Small Business Reporting as mandated by the terms of EDC's projects.
  • Perform additional accounting duties as assigned.
Qualifications

Required Education:
  • Bachelor of Science with a concentration in accounting.
Additional Skills and Experience:
  • 8+ years of relevant experience.
  • Comprehensive understanding of GAAP, including complex revenue recognition issues.
  • Strong analytical and interpersonal skills are essential.
  • A hands-on approach with a focus on accuracy, attention to detail, and proficiency in spreadsheet and office automation tools (Excel, Word, Access, etc.) is critical for this role.
  • Previous management or supervisory experience is required.
  • A demonstrated ability to think creatively and work collaboratively is necessary.
  • Capacity to multitask and adapt to changing business needs.
Preferred Qualifications:
  • Experience with Deltek Cost Point.
  • Familiarity with filing financial and small business reports to the federal government.
  • Knowledge of federal government contracting regulations is highly desirable.
Additional Information

EDC is an Affirmative Action/Equal Opportunity Employer committed to enhancing workforce diversity and fostering an equitable and inclusive work environment. EDC maintains a smoke-free workplace and offers a supportive environment, competitive salary, and excellent benefits. We encourage applications from women, minorities, veterans, and individuals with disabilities.

Research indicates that individuals from historically marginalized groups often meet many job criteria but may hesitate to apply. At EDC, we value and strive for a diverse, equitable, and inclusive workplace, recognizing that equity and excellence are intertwined. If you meet some of the preferred qualifications but not all, and align with our vision and mission, we encourage you to consider this opportunity.

Total Rewards:

EDC provides a comprehensive benefits package for all eligible employees, including:
  • Health, dental, and vision insurance.
  • 12 paid holidays.
  • Generous vacation benefits for full- and part-time employees.
  • Dependent Care Flexible Spending Accounts.
  • Tuition and transportation reimbursement.
  • Robust retirement plan with TIAA/CREF.
  • Paid sick time and up to 16 hours of personal time annually.
  • Parental leave.
  • Employee assistance program.
This position offers an anticipated annual base salary range of approximately $90,000 - $100,000, with salary offers based on market analysis and internal equity.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request accommodations if you are unable or limited in your ability to use or access EDC job opportunities due to your disability.

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