Accountant - Sponsored Projects Accounting

Mount Sinai Health System • New York, NY

2d

About The Position

The Sponsor Project Accountant is responsible for ensuring all expenditures charged to grants and contracts comply with the Government and institutional policies, regulations and the terms and conditions of the award. The accountant must ensure the expenses are allowable, reasonable, allocable to the project and properly approved according to the Sponsor’s and School’s policies and procedures.

Requirements

• Bachelors degree in Accounting.
• 0-1 year experience in Accounting.

Nice To Haves

• Auditing experience desired.

Responsibilities

• Review grants and contracts portfolio.
• Review and approve all transactions for each grant/contract according to the Sponsor's and School's policies and procedures.
• Compare salary/effort charged to grants/contracts to approved award budget.
• Ensure cost allocations between grants for closely related work are allocated based on a reasonable and approved methodology.
• Collect, and analyze data relating to grants and contracts to detect non-compliance with laws, regulations, and management policies.
• Inspect account books for accuracy and use of accepted accounting procedures to record expenditures.
• Examine and evaluate financial data to ensure data integrity.
• Inspect cash on hand for grant accounts, and Sponsor’s payment schedule to confirm records are accurate.
• Follow up on outstanding receivables.
• Prepare, examine, or analyze accounting records, financial transactions and reports to assess accuracy, completeness, and conformance to award terms and conditions and Sponsor’s reporting standards.
• Review accounts for discrepancies and reconcile differences.
• Prepare adjusting journal entries.
• Analyze grant budget, costs, revenues, financial commitments, and obligations to project the correct status of grant accounts.
• Report to management, department administrators, and the principal investigators regarding the finances of the grant.
• Analyze grant budget and expenditures, and prepare reports that compare budgeted costs to actual costs.
• Analyze and prepare annual and other required financial reports, variance analysis and other records, using accepted accounting methods to meet reporting deadlines and facilitate financial planning.
• Other special projects/responsibilities assigned as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level