Manager of Project Accounting Services

2 weeks ago

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

Education Development Center, Inc. (EDC) is a prominent nonprofit organization dedicated to research and development aimed at enhancing education, health, and economic opportunities globally. We collaborate with a diverse range of public and private partners to create a world where every individual can lead a healthy and productive life.

EDC is committed to equity, diversity, and inclusion, ensuring that we respect the dignity of every person. Our mission includes promoting access to high-quality education and health services, fostering thriving communities where individuals from various backgrounds can learn, live, and work together. We express our dedication to equity through our strategies, services, and products, all designed to build capacity and transform lives.

Position Overview

The Project Financial Operations Manager will oversee and ensure the successful execution of all accounting functions related to the establishment, management, reporting, revenue recognition, and closure of EDC's projects. This role includes supervising the Project Data Management Specialist, who is tasked with setting up projects and entering award modifications, along with the requisite budget data into our financial system. The position is also responsible for the timely preparation and submission of necessary federal project financial reports and small business reporting obligations.

The Project Financial Operations Manager will:
  • Guarantee the precise calculation 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 insights regarding project margins.
  • Maintain the project reconciliation database effectively.
  • Lead efforts to ensure projects are finalized and final billings are executed promptly and efficiently.
  • Prepare month-end and year-end revenue closing entries.
  • Compile all federal and non-federal project financial reports according to the specific terms of each project.
  • Prepare Small Business Reporting as mandated by the terms of EDC's projects.
  • Undertake additional accounting responsibilities as assigned.
Qualifications

Required Education:
  • Bachelor's degree in Accounting or a related field.
Skills and Experience:
  • Minimum of 8 years of relevant experience.
  • Comprehensive understanding of GAAP, particularly 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 crucial for this role.
  • Prior management or supervisory experience is required.
  • A proven ability to think creatively and work collaboratively as part of a team is necessary.
  • Capability to manage multiple tasks and adapt to evolving business needs.
Preferred Qualifications:
  • Experience with Deltek Cost Point.
  • Familiarity with filing financial and small business reports to federal agencies.
  • Knowledge of federal government contracting regulations is highly desirable.
Additional Information

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

EDC values diversity, equity, and inclusion in the workplace. If you meet some of the preferred qualifications but not all, and resonate with our mission, we welcome your application.

Compensation and Benefits:

EDC provides a comprehensive benefits package for 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 determined by market analysis and internal equity.

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