Research Finance Analyst
About The Position
The Research Finance Analyst is responsible for facilitating proper post-award accounting and reporting of grant and/or contract funds, in order to remain in full compliance and within budget, of the funders’ stipulations. Increasingly complex rules and regulations governing grants and contracts requires that the Research Finance Analyst have a working knowledge of federal & non-federal regulations and is able to work with other departments to meet grant/contract requirements. Hence, there is heavy emphasis on responsibilities related to effective communications with the Office of Sponsored Research (OSR), administrators, and funders, proper accounting for direct costs, understanding of new award terms and conditions, assistance with the Uniform Guidance (formerly A-133) audit, and provision of quality input into the accounting system.
Requirements
- B.S./ B.A with 2 or more years of prior accounting related experience desired.
- Excellent excel skills needed.
- Must have organizational skills and communicate effectively with others.
- Working knowledge of GAAP required.
- Federal and non-federal grant accounting or administration experience required.
- Ability to work remotely as required.
Responsibilities
- Manage funding for 8-10 labs
- Monitor grants ending and consult with PIs about changes needed 2-6 months prior to grant end date
- Work with PIs to identify grants with potential over/underspends and suggest alternative spending solutions in a timely manner
- Updates and provide analysis for lab forecasts no less than quarterly
- Maintain files related to all portfolio funding
- Respond to lab inquiries and requests
- Follow-up on quarterly effort certifications
- Review personnel allocations with labs/PIs and adjust effort accordingly
- Process Labor Distribution Instruction (LDI) forms per lab request
- Update Corporate-Sponsored Research Agreements (CSRA) Fee spreadsheet to ensure PIs and Labs are receiving their portion of the Admin Fee
- Meet and communicate with PIs and/or lab managers no less than monthly
- Send reminders to subcontractors of balances and final invoice due dates and respond to inquiries
- Assist manager with year-end subaward accrual
- Review, obtain approval from PI and send subcontractors’ invoices to Accounts Payable (AP) to process
- Prepare and submit financial reports for all portfolio related funding
- Work with OSR to respond to financial inquiries from prime awardees
- Complete appropriate forms for transfer of grants to other institutions as requested
- Assist Manager with Single Audit and Financial Audit Requests
- Review and allocate core chargebacks for labs every month
- Review monthly Payroll journal entries
- Review expense reports, AMEX reconciliations and other payment requests in Accounts Payable folders
- Review terms and conditions of new/renewed funding and complete budget set-ups
- Input and review budget adjustments as needed
- Notify labs and admin departments regarding grants ending each month
- Maintain system rules for funds available for purchase orders and core chargebacks
- Closeout grants via journal entry and/or budget adjustment within 30-60 days of budget end date
- Other assigned duties
Benefits
- medical/dental/vision benefits
- paid sick leave
- contributions to a retirement plan (403B)
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
501-1,000 employees
