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Illinois Institute of Technology · 3 months ago

Senior Grant Accountant

Chicago, IL

Full-time

Onsite

Senior Level

Illinois Institute of Technology is seeking a Senior Grant Accountant to provide guidance and oversight on grant and contract policies and procedures. The role involves ensuring compliance with federal and non-federal regulations, performing internal audits, and assisting in the development of new post-award policies and procedures.

Higher Education

Responsibilities

Review and perform grant/contract fund set up based on award documents including: notice of award/agreement/contract/purchase order, budget detail, cost sharing, indirect cost rate, project start and end dates, agency regulations and guidelines and agency reporting requirements. Disseminate grant fund numbers and other relevant information to Principal Investigators and Administrators

Monitor and meet sponsor requirements for deadlines on invoicing and reporting; prepare invoices to collect funds as expeditiously as possible on non-letter of credit accounts; advise GCA Management of invoices which require more than routine follow-up. Prepare monthly, quarterly and annual financial reports required by sponsors

Reconcile and analyze all funds in preparation for billing/reporting and close-out, including cost sharing and indirect cost analysis. Prepare accounting entries as needed as well as project close-out entries. Responsible for timely resolution of grant deficits and closeout of all assigned grant accounts

Monitor salary and non-salary expenditures and cost transfers; approving those that conform to IIT policies and sponsor requirements

Respond to inquiries made by PIs, department administrators, awarding agencies, and others in a timely manner, utilizing excellent customer service skills. Make various business decisions appropriate to the position; consulting with upper management as necessary

Work with management to determine accounts which require more oversight. Other duties as assigned (i.e. Banner system testing, training, policies and procedures, etc.)

Qualification

Grant accountingFederal regulations knowledgeBanner Finance SystemFinancial reportingMicrosoft OfficeCustomer serviceInterpersonal skillsWritten communication

Required

Bachelor's degree in Accounting

Advanced knowledge and understanding of federal and non-federal regulations, guidelines, and policies covering grant and contract processes

Working knowledge of post award accounting and financial reporting

Experience performing internal audits of grants and contracts to ensure compliance with university and funding agency requirements

Excellent interpersonal, verbal, mathematical and written communication skills

Ability to assist Principal Investigators and Administrators with questions on grants and contracts

Ability to effectively communicate terms & conditions, Grant and Contract Accounting policies as well as university policies

Strong interpersonal skills utilized in conducting business related to grants management, financial reporting, and audit of federal and non-federal funds

Preferred

Strong knowledge of the Banner Finance System

Microsoft Office applications

Banner experience

Company

Illinois Institute of Technology

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Founded in 1890, Illinois Tech is a Ph.D.-granting research university with more than 7,800 students in engineering, science, architecture, design, applied technology, human sciences, business, and law programs.

Founded in 1890