Principal Accountant (Accountant), Gift and Grant Accounting

Indiana University Bloomington; Bloomington (IN); On-site; USD 87,000 - 91,000; Full time

Benefits offered by this job

Tuition subsidy for IU employees

Generous paid time off

Paid holidays

EAP

Job summary

Indiana University Bloomington is seeking a Principal Accountant, Gift and Grant Accounting to ensure gifts and grants are recorded in compliance with GAAP, GASB, and university policy. This role serves as the primary liaison between IU Foundation and the Office of Research Administration.

You will oversee complex accounting assignments, prepare journal entries, support monthly and year-end closes, and work on process improvements.

Qualifications

• Bachelor's degree in Accounting or related field required.
• Experience with GAAP/GASB and university financial processes preferred.
• CPA licensure or eligibility preferred.

Responsibilities

• Verifies gift and grant transactions for GAAP/GASB compliance.
• Serves as liaison between IU Foundation and Office of Research Administration for gift/grant accounting.
• Prepares journal entries and supporting work papers for year-end audit.
• Develops accounting policies and controls to ensure regulatory compliance.
• Collaborates with departments to improve processes and accuracy.

Skills

Communication skills

Analytical ability

Attention to detail

Time management

Initiative

Excel proficiency

Reconciliation

Financial reporting

Education

Bachelor's degree in Accounting or related field

CPA license or Indiana license eligibility

Tools

Excel

Job description

Department

OFFICE OF THE UNIVERSITY CONTR (UA-CTRO-IUBLA)

Department Information

The Office of the University Controller (UCO) provides leadershipand guidance for financial compliance, systems and services atIndiana University (IU). We strive to be a leader in highereducation by embracing financial best practices, continuousimprovement and by creating a culture of respect, integrity andcollaboration. As an organization, we value knowledge and differentperspectives from our people, and we are welcoming of people ofdifferent backgrounds. While our department serves all 7 IUcampuses, we are physically located on the BloomingtonCampus.

Job Summary

The Principal Accountant, Gift and Grant Accounting is responsiblefor verifying that financial statement transactions related togifts and grants are recorded in compliance with accountingguidelines, governmental regulations, and university policy. Thisposition is the primary liaison between Indiana University (IU)Foundation (for gift accounting) and Office of ResearchAdministration (for grant accounting).

Department-Specific Responsibilities

• Develops an understanding of financial transactions related togifts and grants to ensure proper accounting treatment underauthoritative guidance including GAAP and GASB.
• Serves as a point of contact for the annual year-end auditrelated to significant gift or grant transactions. Responsible fordeveloping and maintaining process narratives and IU accountingstandards related to gift and grant accounting.
• Coordinates with IU Foundation and Office of ResearchAdministration to obtain supporting documentation related tosignificant transactions.
• Prepares and documents certain journal entries, core processes,and work papers related to gift and grant accounting during theyear-end audit.
• Works on projects related to improving processes, increasingcompliance and accuracy, and creating efficiencies.

General Responsibilities

• Applies Generally Accepted Accounting Principles (GAAP).
• Performs more complex accounting assignments requiring advancedprofessional experience, knowledge, and competency in accountingprinciple and practices to safeguard the organization's financialresources and ensure compliance with all relevant regulations,laws, and reporting requirements.
• Establishes and maintains accounting policies and controls,fiscal controls, and financial reports.
• Prepares, reviews, and provides interpretation of complexreports and analyses for manager and officers.
• Submits recommendations for improved operations.
• Oversees and assists with specialized accounting assignmentssuch as the preparation of monthly, quarterly, and annual financialactivity.
• Provides work leadership to lower-level accountingemployees.

Qualifications

Combinations of related education and experience may beconsidered. Education beyond the minimum required may besubstituted for work experience. Work experience beyond the minimumrequired may be substituted for education.

EDUCATION

Required

• Bachelor's degree Accounting, or related field.

WORK EXPERIENCE

Required

• 5 years relevant experience.

LICENSES AND CERTIFICATES

Preferred

• Certified Public Accountant (CPA) Indiana license or Indianalicense eligible Upon Date of Hire.

SKILLS

Required

• Proficient written and verbal communication skills.
• Maintains a high degree of professionalism.
• Demonstrates time management and priority setting skills.
• Demonstrates a high commitment to quality.
• Possesses flexibility to work in a fast-paced, dynamicenvironment.
• Seeks to acquire knowledge in area of specialty.
• Highly thorough and dependable.
• Demonstrates a high level of accuracy, even underpressure.
• Possesses a high degree of initiative.
• Ability to influence internal and/or externalconstituents.
• Ability to drive multiple projects to successfulcompletion.
• Analytical ability and a high level of numericalcompetence.
• Proficiency in IT and demonstrated skill in using Excel toproduce financial reports.
• Ability to reconcile financial ledgers and process accountspayable/receivable.
• Organizational skills and ability to manage deadlines.
• High level of attention to detail and accuracy. Ability tocommunicate effectively.

Working Conditions / Demands

This role requires the ability to effectively communicate and tooperate a computer and other standard office productivityequipment. The position involves sedentary work as well as periodsof time moving around an office environment and the campus. Theperson in this role must be able to perform the essential functionswith or without an accommodation.

Work Location

Bloomington, Indiana or Indianapolis, Indiana

This position is eligible for remote work or a hybrid schedule (mixbetween remote and in person work), subject to change based upon university policy and the department's business needs.

Advertised Salary

$87,000 - $91,000 annually, depending upon qualifications

Benefits Overview

For full-time staff employees, Indiana University offers a widearray of benefits including:

• Comprehensive medical and dental insurance
• Health savings account with generous IU contributions
• Healthcare and dependent care flexible spending accounts
• Basic group life insurance paid by IU
• Voluntary supplemental life, long-term disability, criticalillness, and supplemental accidental death & dismembermentinsurance
• Base retirement plan with generous IU contributions, subject tovesting
• Voluntary supplemental retirement plan options
• Tuition subsidy for employees and family members taking IUcourses
• 10 paid holidays plus a paid winter break each year
• Generous paid time off plans
• Paid leave for new parents and IU-sponsored volunteerevents
• Employee assistance program (EAP)

Learn more about our benefits by reviewing the IUBenefit Programs Brochure.

Job Classification

Career Level: Advanced

FLSA: Exempt

Job Function: Finance

Job Family: Accounting & Tax

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Posting Disclaimer

This posting is scheduled to close at 11:59 pm EST on theadvertised Close Date. This posting may be closed at any time at the discretion of the University, but will remain open for a minimum of 5 business days.

Equal Employment Opportunity

Indiana University is an equal opportunity employer and provider ofADA services and prohibits discrimination in hiring. See Indiana University Notice of Non-Discriminationhere which includes contact information.

Campus Safety and Security

The Annual Security and Fire Safety Report, containing policystatements, crime and fire statistics for all Indiana Universitycampuses, is available online. You may also request a physical copy by emailing IU Public Safety at [e-mail] or by visiting IUPD.