Sponsored Award Accountant 1 - Sponsored Project Accounting(5 Openings)

University of Tennessee; Memphis (TN); On-site; USD 51,000 - 72,000; Full time

Job summary

University of Tennessee seeks a qualified finance professional to manage sponsored award accounting, ensuring accurate setup of awards and compliance with sponsor terms. The role involves monitoring expenditures, preparing reports, certifying invoices, and advising investigators on financial requirements.

Responsibilities include reviewing cost transfers, resolving discrepancies, and reconciling project expenditures. This position requires knowledge of Uniform Guidance and GAAP.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field. (TRANSCRIPT REQUIRED)
• Two (2) years of accounting experience; OR Master's Degree in lieu of experience; OR a combination of related education and work experience to equal six (6) years.
• Knowledge of the Uniform Guidance, cost principles, and standard federal research terms and conditions.

Responsibilities

• Establishes assigned awards from the award abstract and confirms accurate setup.
• Monitors expenditures for allowability, allocability, and compliance with sponsor terms and cost principles.
• Prepares and submits accurate financial reports in accordance with sponsor's requirements and deadlines.
• Reviews and certifies invoices and financial reports within the delegated authority and refers instruments requiring higher-level approval.
• Reviews cost transfers for appropriate documentation, timeliness, and allowability and prepares them for approval.
• Identifies and resolves financial errors, deficits, and unreconciled items.
• Reconciles project expenditures and resolves outstanding commitments and receivables.
• Verifies completion of final effort certification and cost share documentation.
• Provides the transaction detail supporting reconciliation performed elsewhere in the office.
• Advises principal investigators and departmental administrators on sponsored award financial requirements, allowability, and compliance.
• Performs other related duties as assigned.

Skills

GAAP

Uniform Guidance

Cost principles

Financial analysis

Spreadsheet skills

Communication

Education

Bachelor's Degree in Accounting/Finance/Business Admin

Tools

Excel

Job description

Market Range: 11

Hiring Salary: $4,600.33 - $6,440.46/Monthly

JOB SUMMARY/ESSENTIAL JOB FUNCTIONS:

• Establishes assigned awards from the award abstract and confirms accurate setup.
• Monitors expenditures for allowability, allocability, and compliance with sponsor terms and cost principles.
• Prepares and submits accurate financial reports in accordance with sponsor's requirements and deadlines.
• Reviews and certifies invoices and financial reports within the delegated authority and refers instruments requiring higher-level approval.
• Reviews cost transfers for appropriate documentation, timeliness, and allowability and prepares them for approval.
• Identifies and resolves financial errors, deficits, and unreconciled items.
• Reconciles project expenditures and resolves outstanding commitments and receivables.
• Verifies completion of final effort certification and cost share documentation.
• Provides the transaction detail supporting reconciliation performed elsewhere in the office.
• Advises principal investigators and departmental administrators on sponsored award financial requirements, allowability, and compliance.
• Performs other related duties as assigned.

MINIMUM REQUIREMENTS:

EDUCATION:

Bachelor's Degree in Accounting, Finance, Business Administration, or a related field. (TRANSCRIPT REQUIRED)

EXPERIENCE:

Two (2) years of accounting experience; OR Master's Degree in lieu of experience; OR a combination of related education and work experience to equal six (6) years.

KNOWLEDGE, SKILLS, AND ABILITIES:

• Knowledge of the Uniform Guidance, cost principles, and standard federal research terms and conditions.
• Knowledge of generally accepted accounting principles as applied to sponsored funds.
• Skill in financial analysis, reconciliation, and spreadsheet construction.
• Ability to independently interpret sponsor terms and determine correct financial treatment.
• Ability to manage a portfolio of concurrent deadlines.
• Ability to communicate financial requirements to non-financial audiences.

WORK SCHEDULE:

This position may occasionally be required to work weekends and evenings.