Reporting to the Director of Finance, the Budget Finance Analyst-Grants and Projects including restricted and unrestricted designated funds will be responsible for the development, monitoring, and reconciliation of grant and project budgets. This position will work closely with principal investigators (PI) to manage study and research budgets and monitor transactions, expenditures, and sub-awards.
The Budget Finance Analyst-Grants and Projects will serve as the liaison to multiple principal investigators, department staff, and other key stakeholders to ensure the budget expenditures are aligned with the goals and objectives of the established budget for the grant, fund, and/or sub-award. Preparing monthly, quarterly, and annual reports as required by the funder; reviewing monthly activity to ensure that it aligns with the budget and funding objectives; completing monthly reporting and reviews to the respective PI to ensure appropriate classifications.
Specifically, you will:
- Reporting to the Director of Finance, the Budget Finance Analyst -Grants and Projects will also support the Advancement Team, which supports incoming grants and endowments, PI’s and other stakeholders that manage grants.
- Monitors, verifies, and reconciles expenditures of budgeted funds, and prepares financial statements reflecting the status of programs and activities.
- Analyzes financial data and prepares financial documents and reports for internal and external purposes.
- Ensures compliance with organization and sponsoring agency policies and procedures.
- Analyzes grants and contracts budget variance reports for salary and non-salary cost categories including projection of the award expenditures through the end of the project period.
- Ensures timely and accurate interim and final financial reports of grants and contracts, in collaboration with Information Systems.
- Review restricted accounts approving transaction requests by determining the allocability and allowability of the charges to the grants.
- Perform ongoing reconciliation of the grant accounts versus budget and adhere to the monthly review to avoid cost transfers that may arise in the interim.
- Track and review grant expiration dates.
- Performs professional work requiring knowledge of Generally Accepted Accounting Principles (GAAP), and a good understanding and application of concepts, theories, principles, and applied bases of accounting.
- Prepare restricted funding endowment reporting, as requested.
- Other duties as assigned.