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Grants and Contracts Accountant

2 months ago

Hales, Norfolk, United Kingdom Commonwealth of Virginia Full time
Job Summary

We are seeking a highly skilled Grants and Contracts Accountant to join our team at the Commonwealth of Virginia. As a key member of our financial services department, you will be responsible for ensuring the accurate processing of accounting entries and adjustments, as well as reviewing and interpreting grant expenditures to ensure timely reimbursement standards.

Key Responsibilities
  • Process accounting entries and adjustments with agency accounting software and the Commonwealth Accounting and Reporting System.
  • Review assigned grants to ensure grant expenditures meet timely reimbursement standards.
  • Interpret reporting requirements and activity for grants and compile all relevant information to complete daily, monthly, quarterly, and annual cash requests in accordance with the grant/contract agreement.
  • Resolve grant and contract-related Commonwealth Accounting errors.
  • Ensure compliance with sponsor, university, federal, state, and private agencies.
  • Perform reconciliations and drawdowns; prepare monthly, quarterly, and yearly financial reports and billings; annual financial reports/studies, and assist in compiling data for the University's annual financial statements.
  • Assist the Auditor of Public Accounts in the annual audit process.
Requirements
  • Comprehensive knowledge of grants and contracts management, practices, and standards, and reporting requirements.
  • Ability to complete advanced analysis and reconciliations of financial data.
  • Ability to interpret Generally Accepted Accounting Principles (GAAP) and OMB's Uniform Guidance as it relates to colleges and universities.
  • Ability to meet and prioritize competing deadlines as well as prepare complex and detailed financial reports accurately and timely.
  • Skilled in the use of technology used in financial operations as well as standard office software applications, spreadsheets, and databases.
  • Demonstrated ability to prepare and audit financial statements, reports, general ledgers, and instruments of financial measure using established accounting principles.
  • Demonstrated ability to analyze and interpret complex financial regulations.
  • Demonstrated ability to communicate effectively, both verbally and in writing, and convey matters to large diverse audiences.
  • Experience in initiating, reconciling, monitoring, and reporting federal, state, local, and/or private drawdown and billing requests.
  • Experience working with financial data and multiple financial accounting and reporting systems.
  • BS/BA degree in accounting and/or experience and training in Grants and Contract management.
Preferred Qualifications
  • Experience in an institution of higher education or state government agency.