Perform various accounting duties of generally high complexity requiring high competency and significant independence to maintain accurate and complete accounting records within assigned area of responsibility.
Principle Duties and Responsibilities:
Compile and submit all financial reports to outside agencies according to agency's predetermined schedule.
Respond to questions, and resolve problems dealing with the status of general ledger accounts.
Prepare University reports, answer correspondence, and work with outside agencies and businesses to perform responsibilities, as assigned. Balance and reconcile account transactions for assigned areas.
As well 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.
Identify and recommend improvements in operational efficiencies and assist in implementation.
Perform year-end closing of accounts and preparation of audit schedules. Assist internal and external auditors and sponsors (federal & non-federal) in various audits.
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.
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.
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.
Analyze proposed Fringe Benefit rates by account code - enter correct percentages into Banner and ensure charges are hitting correctly.
Assist and advise Faculty/Staff on travel reports, POs, Direct Pays, and other forms used at EMU.
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.
Perform related departmental duties, as required.
A Bachelor's degree in Accounting, Finance, Business Administration or closely related field, is necessary, Master's degree preferred.
Three years of professional accounting experience is necessary; including one year in grants accounting.
Skills with personal computers including spreadsheet software applications are necessary.
Must be detailed oriented and possess the ability to work with minimum supervision.
Experience with Microsoft Access or Crystal report writing software is a plus.
Experience working with a large ERP system preferably Banner is desired.
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.