Grants Accountant - Chicago, United States - Thresholds

Description

The Grants Accountant post-award grant administration and general accounting functions, including budget and expenses analysis, periodic invoicing, financial reporting, and communication with program staff, reconciliations, grant budget proposals, grant budget revisions, and performs grant closeout functions required by funders.

Essential Duties & Responsibilities

Maintain the financial management of grants and contracts in accordance with government regulations and Generally Accepted Accounting Principles (GAAP)and Thresholds Financial Policies and Procedures.

Responsible for; monitor/track financial status of each grant through its program life cycle via expense trackers. Monitors grant expenditures and assures proper documentation is in place for grant expenditures. Analyze data in accounting, payroll and other systems to ensure accuracy and timely reporting under each grant.
Responsible for generating grant-related reports, prepare grant-related schedules, and assist in the preparation and analysis of financial statements
Prepare grant-related journal entries, grant vouchers, and invoices. Monitors grant expenditures and assures proper documentation is in place for grant expenditures
Prepare and maintain copies of all budgets and budget revisions

Perform the cash management activities of requesting accurate and timely reimbursements from awarding agencies and following up on accounts receivable.

Support OMB A-133 audit, annual financial audit, grantors' audits, and grantors' monitoring site visits, including preparation of schedules, checklists, providing supporting documents, and support program managers and staff with external audits.

Communicate with funders and program management to resolve issues in a timely and professional manner.
Provide monthly reporting of budget to actual expenditures and remaining funds for all grants to program managers monthly; review key metrics with managers and ensure funds are managed on an ongoing basis

Processes transactional accounting data for assigned areas of responsibility, which could include (but are not limited to), grants, cash management, fixed assets and payables.

Prepares account reconciliations for assigned balance sheets and income statement accounts.
Prepares journal entries and account analyses.
Assists with monthly close procedures to provide management with timely financial results.
Assists with year-end audit preparation.
Distributes monthly financial statements.
Responsible for the timely and accurate completion of the Agency's bank account reconciliations as assigned.
Assist operating and program managers with financial inquiries, and provide guidance and counsel to these individuals as needed.
Assist in the preparation of schedules, statements and backup paperwork and participation as needed in the annual audit.

Marginal Duties & Responsibilities

Provides support to the Senior Director, Grants.
May be required to work a flexible schedule, including working onsite a Thresholds Chicagoland location.


EDUCATION
Required – a Bachelor's degree with a major in Accounting from an accredited college or university.

Experience

• 3 years of experience with nonfor profit grant accounting (preferred)

Experience in non-for profit and/or healthcare preferred.

Qualifications

Excellent analytical skills, oral and written communication skills
Strong organizational and time management skills
Strong understanding of funder contract requirements, policies and procedures and regulatory requirements related to funding.
Ability to organize and prioritize work appropriately while sustaining to strict timelines
Knowledge of fund-based or accounting systems; proficient in using computer-based spreadsheet and accounting applications
Familiarity with monthly grant reporting tools/spreadsheets for monitoring grant expenditures
Ability to collaborate and interact with a diverse group of professionals
Excellent customer service skills

What We Offer

Competitive Pay:
$60, $74,000.00 Annual Salary
Generous PTO (9 federal holidays, 8 days of sick leave, 15-22 days personal and vacation)
Dental insurance, vision insurance,choice of 4 medical insurance plans
403(b) retirement plan with 3% employer match
Robust employee assistance program (EAP)
Public service loan forgiveness

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