This position is responsible for the development and analysis of financial reports, accounting activities and fixed asset related functions. This position will also provide expertise in forwarding the continuous improvement of the Financial Services Operation.
Principle Duties and Responsibilities:
Compile and submit all financial reports to outside agencies according to agency's predetermined schedule.
Evaluate and document current and desired business processes.
Responsible for the analysis of all fund activity. Such as, approve all expenditures including, travel, salary, transfers and any other activity charged to a grant.
Work with PIs to obtain approvals on payments for subcontract invoices, direct pays, or other invoices.
Suspends account activity whenever budgets are exceeded, budget periods have expired, or sponsors become insolvent.
Monitor the input, changes to, and maintenance of all automated accounting systems.
Evaluate present accounting and operational systems and recommend changes.
Perform year-end closing and preparation of audit schedules.
Assist internal and external auditors and sponsors (federal & non-federal) in various audits. Provide Banner functional assistance for General Accounting.
Assist with the ongoing review, maintenance, and revision of department policy and procedure manuals.
Perform related Departmental duties as required.
Works to ensure that Eastern Michigan University and /or sub-recipients are fully compliant with sponsor terms and conditions, University policies, and Federal regulations and requirements
Provides appropriate fiscal-management training to the Principle Investigator.
Establish fund for the award and cost share fund, if applicable, in Banner.
Notify PI of established fund(s).
Review, understand and enforce contracts/agreements to determine how funds should be established and the monitoring required for each award assigned to them.
Establish IDC rate and distribution, when applicable. Analyze proposed Indirect Cost (IDC) rates - enter correct rates and distributions into Banner and ensure charges are hitting correctly.
Monitor & report lost IDC revenue.
Load initial budget into Banner for all new funds (award & cost share) and any supplemental changes that follow during the project period.
Transfer cost share funding, if applicable.
Setup billing events, e.g. Accounts Receivable, Invoices, draws, etc. and initiate billings and fiscal reports to sponsors as required and within the time limits as specified in the award.
Monitors, reviews, and takes prompt corrective action to avoid or minimize non-collectible costs when invoices become delinquent. Analyze proposed Fringe Benefit rates by account code - enter correct percentages into Banner and ensure charges are hitting correctly.
Maintain award changes in Banner – PI; Budget; Sponsor award ID; start/end dates; other attribute changes.
Payroll redistributions according to PAFs and create/ validate Effort Reports for Federally or indirectly federally funded awards Close fund(s) in Banner.
Assist with A-133 supplemental report that is presented to the Board of Regents.
Perform related departmental duties as required.
Knowledge and skills in grant/contract financial and administrative management, including interpretation and application of regulatory and financial oversight regulations typically acquired through the completion of a Master's degree in Business and/or Public Administration is required. Two years of directly related experience in grant and contract management support is required.
Knowledge of accounting principles and procedures (GAAP).
Four years of experience in professional accounting is required with at least two years in grants accounting.
Demonstrated experience in Microsoft Excel is necessary.
Experience in Microsoft Access and/or Crystal is desirable.
Knowledge of GASB principles is desired.
Knowledge of Ellucian Banner system is a plus.
Knowledge of Office of Budget Management (OMB) A-110 and A-21 circulars.
Knowledge of the University's Red Flags Rule and Identify Theft Prevention Policy and Procedure.
Since its inception, Eastern Michigan, first as a Normal School, then as a College and finally as a University, has grown and developed to respond to the ever-changing needs of society. Over the years, EMU has educated thousands of sons and daughters of Michigan, the nation, and the world. The University currently serves 23,000 students who are pursuing undergraduate, graduate, specialist, doctora...l and certificate degrees in the arts, sciences and professions. In all, more than 200 majors, minors and concentrations are delivered through the University?s Colleges of Arts and Sciences; Business; Education; Health and Human Services; Technology, and its graduate school. Eastern Michigan?s exceptional faculty, students and alumni include CEOs from major businesses; a National Student Teacher of the Year, National Teacher of the Year, numerous Fulbright Scholars and Milken Family Foundation National Educators award winners; and several Michigan Teachers of the Year.