Research Accountant
1 week ago
Job Summary
The University of Houston is seeking a highly skilled Research Accountant to join our team. As a Research Accountant, you will be responsible for analyzing complex financial information and performing a variety of accounting duties associated with the timely and accurate preparation and reporting of sponsored project financial data.
Key Responsibilities
- Analyze complex award document terms and conditions, budget, and sponsor specific guidelines for financial reporting requirements, including but not limited to billing and reporting requirements, and spending restrictions.
- Responsible for the setup and review of accounts within the finance system to ensure financial terms are recorded with appropriate key attributes; prepares journals entries to inactivate sponsored project cost center at award close-out and cost transfers; prepares vouchers for refunds.
- Provides guidance and training for junior accounting staff; responds to inquiries from department administrators and principal investigators regarding financial data, allowable cost, sponsor restrictions and limitations; collaborates with principal investigators and department administrators to ensure accurate and timely processing of financial reports.
- Reconciles liability and revenue account entries to identify and monitor payment, non-payment, shortages and write-offs; analyzes and reconciles expenditures posted to sponsored project cost centers to identify errors or discrepancies; monitors and reconciles facilities and administrative (F&A) charges and fringe benefit posted to sponsored project cost centers.
- Reviews Letter of Credit (LOC) expenses in project costing for federal draw-down to take place.
- Prepares complex financial reports requiring data using several data sources and complex formulas; monitors budget variance and communicates with sponsors and responsible staff members about prior approvals, no-cost extensions, and other changes affecting the award budget.
- Generates invoices for sponsored research projects and follows up for payments; contacts sponsors on outstanding accounts receivables and past due invoices; determines when additional action is required to ensure payment.
- Performs other job-related duties as assigned.
Requirements
- Bachelor's degree in Accounting or related field.
- Minimum of 3 years of experience in accounting or related field.
- Thorough understanding of both theoretical and practical aspects of accounting discipline.
- Knowledge of accounting standards, regulations, and policies.
- Excellent analytical, communication, and problem-solving skills.
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