Senior Accountant – Grants
- Root Capital
- Deadline for Applications
- Contact Information
- Contact: Liz KarageorgosHR Operations Associatejobsfirstname.lastname@example.org Applications including a resume and cover letter describing your interest, qualifications, language abilities, salary requirements, and how you learned of the position should be sent to email@example.com Please type “Sr. Accountant” followed by your name (Last, First) as the subject line of your email (e.g. “Sr. Accountant”– Marrero, Marc”). Finalist candidates will be required to provide at least three work-related references.
1. Grants and contracts accounting in accordance with US GAAP, state and federal regulations, and Root Capital’s policies
· Review all grant and contract agreements and apply proper accounting treatment in accordance with revenue recognition rules.
· Compile and organize supporting documentation for all grants and contracts
· Maintain revenue recognition schedules for fee for service contracts and work closely with managers to ensure timely recognition of contract revenue.
· Work closely with Investor Relations team to ensure complete and timely recognition of pledges receivable.
· Record cash receipts and reconcile the Investor Relations bank account monthly.
· Update the pledges and deferred revenue schedules monthly and reconcile against the general ledger.
2. Temporary restricted revenue releases and grant reporting
· Review monthly expenditures against grant budgets to verify appropriateness of the expenses and make revisions within Intacct accounting system as needed.
· Work closely with grant managers and FP&A team to review grant budgets and facilitate the grant close out process.
· Record indirect and loosely restricted grant releases process on a monthly basis.
· Update the temporary restricted schedule and reconcile against the general ledger.
· Work closely with grant managers for appropriate coordination and timing of reporting to fund providers.
3. System reports and policies and procedures
· Manage the grant coding process within accounting systems (Intacct/Concur) by timely activation and deactivation of grant codes.
· Take ownership of tracking of unallowable expenses, direct, and indirect expenses, and allocation processes within Intacct.
· Draft revenue recognition and cost allocation policies that are consistent with US GAAP and state/federal rules (2 CFR 200).
· Work closely with IT and Investor relations team to seek and implement efficient processes across systems.
· Create reports out of Intacct financial report writer to support scheduled and adhoc grant and contract reports.
4. Audit support and technical accounting/rules application
· Prepare audit schedules and support for all grants and contracts
· Respond to audit inquiries on a timely manner and coordinate with the Investor Relations team to provide requested support.
· Prepare audit confirmation templates for mailing to the auditors.
· Utilize technical accounting resources such as Grant Thornton online FASB codification portal and OMB 2 CFR 200 to research proper accounting treatment of grants and contracts.
· Work closely with Investor Relations and Legal teams to provide guidance on grant language and contingencies that affect accounting treatment.
5. Month-end close and field support
· Record journal entries and reconcile accounts on a monthly basis within the monthly close deadlines.
· Review consolidated operating expenses results to ensure proper coding across all of the key reporting dimensions (Grant, Programs, Location, GL).
· Work with regional accountants to address program and grant coding issues and adjustments.
· Support other close activities as needed.
Qualifications and Experience
· Bachelor’s degree in Accounting, Finance or Business Administration; Master’s degree is preferred
· 5 years of related experience
· At least 3 years of experience in a non-profit setting working with grants
· Excel skills at inter-mediate level or higher (Pivot tables, Macros, VLookups)
· Strong systems skills, including report writer using a web-based accounting software
· Experience with multi-currency and multi-entity transaction processing environment
· Very strong communication skills
· Proactive, service-oriented mind-set and a self-starter
· Ability to trouble-shoot routine situations and manage tasks independently
· Collaboration skills: strong ability to become key liaison between program staff, Investor Relations, FP&A and other stakeholders.
· Experience with government grants (e.g. USAID) strongly desired
· Bi-lingual (English & Spanish) preferred
· Passion for Root Capital’s commitment to worldwide poverty alleviation and environmental conservation.
· Applicants must be authorized to work in the United States.
Commensurate with experience.