Indirect Cost Analyst

Virginia Information Technologies Agency • Richmond, VA

1d • $85,000 - $93,171 • Onsite

About The Position

The Indirect Cost Analyst is responsible for the calculation, drawdown, reconciliation, and financial oversight of indirect cost recoveries across a diverse portfolio of federal and state grants. This role ensures accuracy, compliance, and timeliness of indirect cost journals/etc., supporting financial reporting, audit readiness, and overall grant integrity. This position works cross-functionally with Office of Grants Administration (OGA), Office of Financial Management (OFM), Program offices, and leadership to ensure that indirect cost recovery is properly calculated, recorded, reconciled, and aligned with approved cost allocation plans and federal regulations (e.g., 2 CFR 200).

Requirements

• Demonstrated analytical skills in financial setting
• High attention to detail
• Ability to identify discrepancies and trace root causes
• Strong problem-solving and investigative experience
• Knowledge of policies and procedures in a finance or grants
• Able to manage recurring deadlines (monthly draws, reconciliations)
• Experience documenting work effectively (audit readiness mindset)
• Excel experience (advanced: pivot tables, formulas, reconciliation models)

Nice To Haves

• Indirect cost rates / NICRA / cost allocation plans
• 2 CFR 200 (Uniform Guidance)
• Agency-wide grant experience
• Hands-on experience calculating allowable indirect costs
• Proficiency with preparing journal entries
• Reconciliation background including maintaining documentation for audit readiness.

Responsibilities

• Calculation, drawdown, reconciliation, and financial oversight of indirect cost recoveries.
• Ensuring accuracy, compliance, and timeliness of indirect cost journals.
• Supporting financial reporting, audit readiness, and overall grant integrity.
• Working cross-functionally with OGA, OFM, Program offices, and leadership.
• Ensuring indirect cost recovery is properly calculated, recorded, reconciled, and aligned with approved cost allocation plans and federal regulations.

What This Job Offers

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