Accountant - Sponsored Projects Accounting

Mount Sinai; United States; On-site; USD 65,000 - 90,000; Full time

Job summary

Mount Sinai seeks a Sponsor Project Accountant to ensure expenditures on grants and contracts comply with government and institutional policies and the terms of the award.

The role involves reviewing portfolios, approving transactions, comparing budgets to actuals, and ensuring data integrity through rigorous reporting and reconciliations. A Bachelor's degree in Accounting and 0-1 year of accounting experience are required, auditing experience is desired.

Qualifications

• Bachelor's degree in Accounting is required.
• 0-1 year of accounting experience.
• Auditing experience desired.

Responsibilities

• Review grants and contracts portfolio according to sponsor and school policies.
• Review and approve all transactions for each grant/contract.
• Compare salary/effort charged to grants/contracts to approved budgets.
• Ensure cost allocations between grants based on a reasonable methodology.
• Collect and analyze data relating to grants and contracts to detect non-compliance.
• Inspect account books for accuracy and use of accepted accounting procedures.
• Examine and evaluate financial data to ensure data integrity.
• Inspect cash on hand for grant accounts and Sponsor's payment schedule.
• Prepare, examine, or analyze accounting records and reports for accuracy and conformance.
• Review accounts for discrepancies and reconcile differences.
• Prepare adjusting journal entries.
• Analyze grant budgets, costs, revenues, commitments and obligations to show correct status.
• Report to management and principal investigators regarding grant finances.
• Analyze grant budgets and expenditures, and prepare variance reports.
• Prepare annual and other required financial reports and meet deadlines.
• Undertake other special projects as needed.

Education

Bachelor's degree in Accounting

Job description

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.

• 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.

• Bachelor's degree in Accounting.
• 0-1 year experience in accounting. Auditing experience desired.