Senior Manager, Grants Accounting

Position Title: Sr. Manager, Grants Accounting

Location: HQ Washington, DC

Departments: Finance

Reports to: Sr. Director Revenue, Grants and Accounting Operations

Salary Range for US Based Staff: $69,329 - $81,563

FLSA Status: Exempt

                                         

 

 

Organization Overview:

Founded in 1968, Special Olympics is a global movement to end discrimination against people with intellectual disabilities. We foster acceptance of all people through the power of sport and programming in education, health, and leadership. With nearly four million athletes and Unified Sports® partners and one million coaches and volunteers in more than 170 countries, Special Olympics delivers more than 30 Olympic-type sports and nearly 50,000 games and competitions every year. Learn more at SpecialOlympics.org. 

 

 

Position Summary:

The Sr. Manager, Grants Accounting leads the end-to-end cash process with a focus on optimizing our month end close accuracy and efficiency on a continuous basis by streamline processes across grant accounting functions.  The position performs analysis and projections relating to financial aspects of Special Olympics restricted funding sources supporting the complete life cycle of grants, from pre-award preparation through implementation and closeout.

 

 

Primary Accounting Responsibilities:

• Manage month-end and quarter-end revenue close and billing processes including entering and reviewing journal entries, performing bank account reconciliation reviews and general ledger accounts related to restricted funding sources.
• Maintain month-end reporting schedules related to revenue types, accounts receivable, and reconciliations.
• Assists with monthly, quarterly, and annual close process, bank reconciliations, and balance sheet account reconciliations.
• Supports finance team members in monthly close processes and financial reporting packages.
• Must be able to research unidentified cash payments and provide weekly updates to management, keep detailed records of invoicing, aged receivables and collection of inputs for cash forecasting activities.
• Ownership of billing operations and collections to ensure accurate and complete billing information for accounting and reporting across SOI Programs; manage client and internal invoicing inquiries within reasonable turnaround timelines with a focus on service satisfaction (internal and external).
• Identify and drive system enhancements, ensuring financial operations is scalable and efficient, including leading cross-functional implementation projects.
• Develop and mentor team members, ensuring continuous professional growth for the team.
• Participate in special projects including acquisition integration and accounting system implementations, etc.

Primary Grant Accounting Responsibilities:

• Maintains various reporting schedules for grants, track grants receivable and fund balances to support organizational financial planning activities.
• Perform analysis on budget versus actuals, investigates variances, provide justifications and communicates with senior leadership and award managers.
• Maintains billing schedules, analyzes budget patterns, maintains cash flow schedules, and assists in forecasting expenditures.
• Assists in the preparation of materials related to audit inquiries and data requests.
• Align and reconcile grant revenue data between the ERP and CRM systems.
• Sets up grant files and financial records. Support the creation of statutory accounts for grant reporting performing timely reconciliations, processes funding and extensions modifications, prepares budget modifications as necessary.
• Assists in fiscal year end closeout process for grant funding.
• Prepares memos for grants and program officers to document acceptance/approval of final reports and any other required deliverables.
• Assists in the training and technical assistance to award managers and grant administrative staff.

Required Qualifications:

• A bachelor's degree or equivalent professional experience plus Five to Seven years of relevant work experience. Experience and/or coursework in the area of accounting, leadership experience, grant accounting and/or grant administration receivable is a plus
• Proven technical accounting background, with a working knowledge of ASC 606, Ensure revenue is recorded in accordance with US GAAP, and proper internal revenue recognition policies.
• Demonstrated