Virginia Tech is a public land-grant university, committed to teaching and learning, research, and outreach to the Commonwealth of Virginia, the nation, and the world. Building on its motto of Ut Prosim (that I may serve), Virginia Tech is dedicated to InclusiveVT—serving in the spirit of community, diversity, and excellence. We seek candidates who adopt and practice the Principles of Community, which are fundamental to our on-going efforts to increase access and inclusion, and to create a community that nurtures learning and growth for all of its members. Virginia Tech actively seeks a broad spectrum of candidates to join our community in preparing leaders for the world.
The Cost Accounting section of the Controller’s Office is responsible for preparing the University’s annual Fringe Benefit proposal as well as the University’s Federal Facilities and Administrative (F&A) cost proposal. The Cost Accounting group is also responsible for opening new service centers, monitoring and completing annual reviews of all existing service centers, and regular reviews of service center ISRs and journal entries. The group also develops cost studies as requested and updates existing cost studies as needed. Additionally, we offer training on cost accounting standards and service centers as requested.
The Senior Cost Accountant plays a vital role in maintaining the integrity of financial data used to establish the F&A and fringe benefit rates, which recoup millions of dollars annually in support of external programs. This position performs advanced-level responsibilities including analyzing and evaluating financial data through the application and interpretation of Generally Accepted Accounting Principles (GAAP). Responsibilities include significant contributions in planning, preparing, and presenting detailed schedules and work-papers for the F&A Cost Proposal, Fringe Benefit proposal, and State Auxiliary Indirect Cost Proposal; verifying and reviewing the user rates of all university service centers and other rate calculations as requested; providing detailed and extensive assistance to faculty and departmental staff in the following areas: service center rate analysis, procedures to monitor and track service center costs and usage, confirming that all service centers users are charged, and annual reviews of service center rates which must be officially updated at least every two years. In conjunction with the Manager of Cost Accounting, the Senior Cost Accountant recommends, develops and delivers training programs related to cost accounting and cost compliance issues; provides support to Financial Reporting through the preparation of reconciliation schedules, fund analysis, accounting journal entries, and specialized reports; interacts frequently with the Associate Controller and Financial Reporting Manager to provide financial information and analysis as requested; provides backup support for related positions as needed; and completes all special projects as assigned.
Bachelor's degree in Accounting or related field and/or an equivalent level of training and experience directly related to professional accounting, auditing and/or preparing annual audited financial statements.
Thorough knowledge of Generally Accepted Accounting Principles.
Ability to interpret and implement state, federal and/or university rules and regulations.
Demonstrated experience creating financial reports by gathering, analyzing, summarizing and interpreting data.
Ability to learn and perform job duties with little supervision and make independent decisions in a complex environment.
Ability to independently plan, organize and prioritize workload.
Demonstrated ability to work effectively with detailed work and large volumes of information.
Advanced level experience using automated systems, personal computers and software such as Excel in an accounting oriented environment.
Excellent interpersonal and communication skills with the ability to provide customer service in a courteous manner and work effectively with diverse groups of people.
Advanced degree in Accounting, Business Administration, Finance or related field.
Valid CPA license or advanced degree in related field.
Knowledge of GAAP/GASB and internal controls as they relate to business processes in higher education or federal agency.
Demonstrated experience working with a query tool, SAS, and/or Access.
Previous experience with Enterprise Resource Planning (ERP) Finance systems such as Banner Finance.
Employee Category: Staff (Salary)
Appointment Type: Regular
Percent Employment: Full-time
Virginia Tech does not discriminate against employees, students, or applicants on the basis of age, color, disability, gender, gender identity, gender expression, national origin, political affiliation, race, religion, sexual orientation, genetic information, or veteran status; or otherwise discriminate against employees or applicants who inquire about, discuss, or disclose their compensation or the compensation of other employees, or applicants; or any other basis protected by law.
For inquiries regarding non-discrimination policies, contact the executive director for Equity and Access at 540-231-2010 or Virginia Tech, North End Center, Suite 2300 (0318), 300 Turner St. NW, Blacksburg, VA 24061.
Virginia Tech takes a hands-on, engaging approach to education, preparing scholars to be leaders in their fields and communities. As the commonwealth's most comprehensive university and its leading research institution, Virginia Tech offers 240 undergraduate and graduate degree programs to more than 31,000 students and manages a research portfolio of more than $513 million. The university fulfil...ls its land-grant mission of transforming knowledge to practice through technological leadership and by fueling economic growth and job creation locally, regionally, and across Virginia.
Through a combination of its three missions of learning, discovery, and engagement, Virginia Tech continually strives to accomplish the charge of its motto Ut Prosim (That I May Serve).