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Senior Financial Analyst, Gifts and Grants

Employer
Salve Regina University
Location
Rhode Island, United States
Salary
Salary Not Specified
Date posted
Feb 15, 2024

Job Details



***This position is eligible for up to two days remote work per week.

BASIC FUNCTION:

The Senior Financial Analyst, Gifts and Grants assists University faculty and staff primarily with accounting and compliance for restricted funds, namely post-award activities for gifts and grants, from gift receipt and award issuance to close out. Additionally, this role manages the billing, and accounting records for gifts and grants as well as reviews project activities for compliance with donor requirements and granting agency guidelines. The Senior Financial Analyst also reviews, prepares and submits periodic financial reports in accordance with stated requirements and in conjunction with audits, in accordance with Uniform Guidance and generally accepted accounting principles. Assist Controller with financial analyses as appropriate.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Gifts:
  • Ensure University gifts and related expenditures are recorded properly to the University's accounting records and are reconciled on a regular basis. This process may also include setting up general ledger accounts to track restricted funds, reviewing gift restrictions and donor intentions and preparing periodic financial reports.
  • Take the lead with the Advancement office to reconcile accounting records to Advancement gift records on a regular basis.
  • Take the lead with the Advancement office to track pledges on a regular basis. Prepare related audit schedules in support of the year end audit.
  • Work with the Bursar's office and the accounting staff to ensure all gifts are posted timely and accurately.
  • Update gift related reports and schedules for the Business Office and University community needs throughout the year.
Sponsored Projects (Grants):
  • Perform all aspects of post award financial management of sponsored projects for a varied portfolio of awards, including financial reporting, monitoring expenditures, issuing invoices, processing draws and coordinating any related audit activities using knowledge of grant management rules and regulations, technical expertise and analytical skills. This process will include setting up grant general ledger accounts.
  • Administers moderately complex awards, taking into consideration Principal Investigator's (PI's) needs, and proactively identifying any special considerations. Work collaboratively with PI and other University staff on post award management activities.
  • Reviews new sponsored projects accounts for financial provisions including but not limited to cost sharing, billing, and reporting deadlines.
  • Ensure all expenditures on awards are appropriate, allocable and reasonable, and within Salve Regina University policies, Uniform Guidance (where applicable) and sponsor standards.
  • Complete post award close out activities including but not limited to ensuring the award is billed and collected in full and reports are issued. Completes drawdown of funds from grantor portals where required.
  • Serve as trainer to the University community on grant and compliance related matters.
  • Focus on more complex compliance issues such as effort reporting and cost share obligations.
  • Prepare grants reports for the Business Office and University community to track grant activity.
Other:
  • Perform fiscal financial analysis and reconciliations as appropriate.
  • Establish regular communication with University faculty and staff in the management and monitoring of gifts and grants, as needed.
  • Take a leading role in development of procedures, forms, training, and monitoring compliance.
  • Take lead role in system related implementations, participate in system testing, troubleshooting issues to improve business processing and operational efficiency.
  • Continuously identify and improve efficiencies by recommending modifications to business processes and/or system configurations.
  • Work closely with Accounting Operations team with the preparation and reporting of the monthly financial statements.
  • At the direction of the Chief Financial Officer and/or Controller, assist with special projects.
OTHER DUTIES AND RESPONSIBILITIES:
  • Participate in annual financial statement audit, to include but not limited to preparation of annual SEFA report, gifts analyses and workpapers, pledge analyses and workpapers and related footnotes.
  • Assist other Business Office functional areas as needed.
  • Perform other duties as assigned by AVP/Controller and Chief Financial Officer.
LICENSES, TOOLS, AND EQUIPMENT:

N/A

ENVIRONMENTAL CONDITIONS:

The incumbent is not substantially exposed to adverse environmental conditions.


Requirements:

Minimum qualifications:
  • Bachelor's degree from a four-year college or university.
  • 5 years of experience with restricted funds (gifts and/or grant accounting) and financial administration.
  • 5 -7 years of progressively responsible experience in financial administration.
  • Ability to work as part of a team and independently as needed to achieve goals and tackle problems.
  • Ability to track multiple concurrent projects and tasks.
  • Strong analytical skills and problem-solving skills, with the ability to change and adapt as needed.
  • Proficiency with Excel, Word, Outlook, and accounting software.
  • Demonstrated proficiency in understanding and interpreting financial information and reports.
  • Outstanding communication skills (both oral and written) and interpersonal skills.
  • Demonstrated ability to communicate clearly and positively in a diverse environment.
Preferred qualifications:
  • Bachelor's degree in accounting, finance, business or related field
  • Over 5 years of experience with restricted funds (gifts and/or grant accounting) and financial administration.
  • Over 7 years of progressively responsible experience in financial administration.
  • Demonstrated knowledge of federal agency(ies) financial administration; experience with Uniform Guidance.
  • Demonstrated experience with business process analysis and improvement.
  • Experience in a higher education setting.
  • Experience with Ellucian Colleague financial system.
  • Demonstrated interest in learning new programs, processes, and software.

Additional Information:

Salve Regina University offers generous benefits to eligible employees including (waiting periods apply):
  • health, dental and vision coverage available on the first of the month following date of hire
  • 403(b) retirement plan through TIAA with employee and employer contributions as well as access to advising services
  • long-term disability coverage
  • employer-paid life and AD&D insurance
  • up to 100% free tuition at Salve for eligible employees and qualified dependents
  • robust wellness program and free access to the on-campus Fitness Center
Other available benefits include:
  • supplemental life insurance for employees and dependents
  • supplemental insurance coverage through Aflac
  • Tuition Exchange scholarship program. Application available for qualified dependents of eligible employees working full-time
  • discounted pet insurance through ASPCA
  • student loan forgiveness assistance program (SAVI)
  • employee Assistance Program through Coastline EAP
  • flexible spending health and dependent care accounts
  • health savings accounts
  • 529 collegebound saver program
For more detailed information on Salve's benefits, visit https://salve.edu/human-resources/benefits .

Salve Regina University strives to cultivate belonging values through diversity, equity inclusion in order to foster a welcoming culture for our staff, faculty and students, as well as the wider community. Salve Regina University embraces all people with grace. No matter the path traveled to get here, the University acknowledges that many identities will intersect. Salve Regina belongs to all in its community.


Application Instructions:

Applicants must apply online for any open staff and faculty positions by providing a cover-letter and resume. Pre-employment background checks and reference checks are required of successful candidates. Salve Regina University participates in E-verify . ( Spanish )

URL: www.salve.edu

Company

Salve Regina University

From our cornerstone mercy mission to the classic ideals of our liberal arts approach, tradition matters at Salve Regina. It’s woven throughout our 80-acre campus, embedded in our historic buildings and infused in the culture of Newport, Rhode Island.

Tradition at Salve Regina means we remember where we began. Since our founding by the Sisters of Mercy in 1934, we have grown to a community of more than 2,800 undergraduate and graduate students who proudly carry forward our mission in their personal and professional lives. Fully accredited by the New England Commission of Higher Education, we are committed to fueling the imagination and encouraging the academic ambitions of our bright and curious students.

At Salve Regina, tradition blends seamlessly with progress. We empower students to explore their talents through diverse academic offerings, student organizations, service initiatives and athletic teams. Our collaborative learning environment and vibrant campus community inspire the pursuit of excellence and breach the limits of personal potential.

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