Accountant Sponsored Projects Accounting

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 accountant must ensure the expenses are allowable reasonable allocable to the project and properly approved according to the Sponsors and Schools policies and procedures.

• Review grants and contracts portfolio.
• Review and approve all transactions for each grant/contract according to the Sponsors and Schools 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 Sponsors 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 Sponsors 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.

• Bachelors degree in Accounting.
• 0-1 year experience in Accounting. Auditing experience desired.

Compensation Statement

The Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $58661.00 - $74250.00 Annually. Actual salaries depend on a variety of factors including experience education and operational need. The salary range or contractual rate listed does not include bonuses/incentive differential pay or other forms of compensation or benefits.