Capital/Indirect Cost Accountant

James Madison University • Harrisonburg, VA

2d • $68,000 - $74,000 • Onsite

About The Position

The Office of Financial Reporting is seeking a Capital/Indirect Cost Accountant to join us in supporting the University's mission in performing accurate and timely accounting of the University's debt service program. We are a customer-service oriented office with a strong commitment to quality, integrity and professionalism.

Requirements

• Experience in state university or other higher education setting.
• Supervisory experience.
• Knowledge of accounting principles as defined by GAAP as well as a general working knowledge of office procedures and practices.
• Experience in handling debt service obligations accurately both for timely payment and financial reporting purposes.
• Experience in accounting for capital construction projects.
• Knowledge of financial reporting requirements related to various federal and state agencies as it pertains to debt-related functions of the university.
• The ability to work independently with minor supervision and to work effectively with other employees both within the department and across the University community as a whole.
• The ability to work under pressure when necessary to meet deadlines.
• Computer experience is required; a focus in Excel or other spreadsheets is ideal.

Nice To Haves

• Experience with PeopleSoft or other financial management system a plus.

Responsibilities

• Manage the University’s debt service program, making sure payments are made timely and principal, interest and premium/discount amortizations are accurately tracked for reporting purposes.
• Preparation of all debt-related work papers for the annual financial statements.
• Ensure management is provided with timely and accurate information as it relates to capital construction accounting including construction costs, use of bond funding and reimbursements from bond proceeds.
• Manage the preparation and reconciliation of financial statement sections including construction and renovation, financing capital assets activity (debt) and restricted funds (grants and contracts).
• Compile financial statement workpapers including the Schedule of Federal Assistance for reporting of restricted federal funds.
• Prepare annual reports related to IPEDS, SCHEV reporting, the continuing bond disclosure and yearend accounting related to the Federal Work Study draw down of funds.
• Supervise the compilation and preparation of the data required for inclusion in the Federal Indirect Cost and State Auxiliary Indirect Cost proposals, including compliance with the Code of Federal Regulations (2CFR).
• Collect data for the preparation of Indirect Cost Studies using the indirect cost study software (CRIS), queries and reports.
• Provide supervision to one employee, the Capital Construction Accountant.
• Monitor and evaluate all leases and SBITA (subscription-based information technology arrangement) contracts throughout the year for capitalization and inclusion in the yearend financial statements.

Benefits

• Generous Leave: Enjoy paid vacation, sick leave, parental leave, community service leave, and 19 paid holidays annually.
• Comprehensive Health Coverage: Access high-quality health insurance options that fit your needs.
• Retirement Options: Plan for your future with retirement benefits through the Virginia Retirement System.
• Employee Well-Being: Our Balanced Dukes program promotes wellness and work-life integration through resources, events, and support.
• Tuition Waiver Program: Advance your education with our tuition waiver program for undergraduate and graduate courses taken at JMU.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed