ORGANIZATIONAL RELATIONSHIPS: Reports to: AVP for Finance.
Summary of Position: The Manager of Grants and Restricted Funds is responsible for the financial oversight of grant and restricted gift activity. This includes responsibility for budgeting, expense review and reporting as well as developing and implementing compliance programs and working closely with academic program administration and other College administrative offices in ensuring financial activities comply with federal, state or donor regulations as well as College policy.
This position is also responsible for the grant related data created and maintained in Banner Financials in support of grant award activity, including the creation and closeout of grant awards within the system, monitoring restricted fund budget and expense activity and assisting departments in the fiscal management of their awards. Additional responsibilities include managing external restricted funds audits, administering the College Effort Reporting System, billing and collection of grant receivables and reporting financial award activity to federal agencies and other sponsors.
Essential Job Functions:
Management of post-award fiscal administration, including compliance with funding agency requirements, for all grants and other restricted funds awarded to the College
Implementation of post-award compliance programs at the College in collaboration with the External Grants and Gifts (EGG) team and the Office of Institutional Advancement. This includes the development of policies and procedures, training programs and the dissemination of awards management information that supports compliance to agency, donor and College policy
Work closely with grant managers and departments to ensure grant and gift funds are properly set up and maintained and funds are used appropriately. Ensure that individuals are aware of, and comply with, donor restrictions, processes, and policies involving funds under their management
Review and approval of financial terms and conditions of complex contracts and grants to assure terms are appropriate for College business
Oversee grant fund budgeting process and assist in the annual budget process related to restricted gift and endowment payout funds
Prepare and administer internal program audits as needed and support financial audit and A-133 audit, including the preparation of the Schedule of Expenditures of Federal Awards
Conduct monthly expense reimbursement draw-down of funds for federal grants and other billing as needed
Required Knowledge, Skills, and Abilities:
Knowledge of federal award regulations, in particular A-21, A-110 and A-133
Knowledge of restricted gift accounting and reporting GAAP requirements, specifically FABS, Statement No. 116
Ability to manage multiple concurrent grants with various payment methods, compliance and reporting requirements and deadlines
Strong computer skills including advanced Microsoft Excel and Access
Working knowledge of Banner or a similar ERP (Enterprise Resource Planning) system
Understanding of concepts, principles and practices of donor relations and gift stewardship as well as funding agency relations and compliance requirements
Demonstrated experience developing and implementing policies, procedures, and best practices; training others regarding those policies; and overcoming resistance to change
Ability to influence and manage positive and effective cross-functional relationships with co-workers and department and program leaders in a diverse multi-cultural environment
Clear and effective written and verbal communication skills
Strong professional ethics and discretion
Strong understanding of roles within the College and fundamental goals of the College
Prior experience with external audits
Education and Training:
Bachelors Degree in accounting, finance or related field required; Masters Degree preferred
3+ years experience in the area of restricted funds management and/or financial project management, preferably in a private higher education setting
2+ years experience dealing with compliance to external regulations, including self-guided research related to external regulations
Additional Duties and Responsibilities:
Prepare reporting on restricted funds for departments, such as the financial aid office, and for College management to track the availability and utilization of restricted funds
Provide the pre-award administrator with assistance in the development of proposal grant budgets
Assist in the development of the federally approved indirect cost rate proposal
Apply the approved indirect cost rate to grants
Assist in the pledge accounting process and reconciliation to development records
Work closely with school administration in the development of sound business practices and relationships
Other tasks as assigned
Physical, Mental, and Environmental Demands:
The incumbent will often spend long hours sitting at and using the computer to retrieve, enter, manage, and review data.
Lengthy compliance guidelines must often be read and interpreted for application to the colleges circumstances.
Individuals within and outside the college need to be communicated with regarding complex compliance issues.
This position description is not intended to contain a comprehensive list of activities, duties, or responsibilities. Additional duties may be assigned based on business operational needs.
Mills is an independent liberal arts college for women with graduate programs for women and men. The College educates students to think critically and communicate responsibly and effectively, to accept the challenges of their creative visions, and to acquire the knowledge and skills necessary to effect thoughtful changes in a global, multicultural society. Mills encourages openness to experimenta...tion in the context of established academic disciplines. Programs are designed to reflect the importance of global issues, provide an understanding of the natural world, and enhance opportunities for women in their developing roles throughout society. The curriculum combines traditional liberal arts with new educational initiatives that recognize the value of cultural, racial, and ethnic diversity. Inspired by a teaching philosophy that grows out of its longstanding dedication to women?s education, Mills provides a dynamic learning environment that encourages intellectual exploration. The faculty of nationally and internationally respected scholars and artists is dedicated to developing the strengths of every student, preparing them for lifelong intellectual, personal, and professional growth.