Grants Accountant

IMPORTANT APPLICATION INSTRUCTIONS: Upload Resume or Curriculum Vitae for automatic population of information to the application. The contact information, work experience, and education listed on your Resume/CV will be parsed and input into your Montclair application. Review information and double-check all fields containing information that the system parsed – the software is intelligent, but you need to verify that the data is accurate. In the “My Experience” section, you will find a Resume/CV upload option where you can submit your cover letter and all other supporting documents. Note: If you have an expansive CV, we recommend that you apply manually and only include the positions you have held in the last ten (10) years . You will then be able to attach your Resume/CV, as well as all other supporting documentation in the "My Experience" section of your application. Job Description SUMMARY : Reporting to the Director of Grants Accounting, the Grants Accountant is responsible for maintaining continuous compliance with federal, state, and industry requirements for accurate and timely reporting on expenditures of funds for a portfolio of assigned grants. This position is responsible for all post-award financial accounting & reporting for their assigned projects. This includes accounting, billing, receipting, reporting, and ensuring compliance with Federal and State regulations, sponsor/grantor requirements, and Foundation activities. 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. Understand and utilize Indirect Cost and Fringe Rates, long and short applications. Perform processes to generate expense validation certifications consistent with OMB Uniform Guidance for faculty and others devoting effort to sponsored awards. Monitor restricted and sponsored award accounts for reasonableness, allowability, allocability and consistent treatment of costs and initiates corrections as needed. Determine the difference between exchange and non-exchange transactions as well as appropriate revenue recognition. FINANCIAL SYSTEMS : Financial Management System Assist in the monitoring of grant-related transactions recorded in the general ledger, making appropriate adjustments when needed. Assist in managing the supporting tables within the finance system for grant accounting and initiates updates as needed. Assist in system testing and coordination of testing with department workflow. Employ reporting tools to generate financial reports. Generate various output reports for grant analysis. Initiate vendor billings and receivables. Participate in the review of process workflows, system testing, and training. Provide feedback and recommendations for system design improvement. Review…