Senior Grants and Contracts Accountant

Description

Title: Senior Grants and Contracts Accountant

Reports to: Associate Director of Grants and Contracts Accounting

Pay Range: $120,000 - $125,000 per year Location: San Francisco, CA.

This is a hybrid position, and candidates must be able to work at least four days per week in our San Francisco office.

Mission Economic Development Agency (MEDA) is a non-profit organization dedicated to promoting economic development and job creation in San Francisco's Mission District. Founded in 1973, MEDA has a long history of serving the community by providing access to capital, technical assistance, and training programs for entrepreneurs and small businesses. We also partner with individuals and families to build lasting prosperity through housing stabilization, small business support, workforce development, financial coaching, and education support.

Rooted in San Francisco’s Mission District, we’ve seen how economic opportunity transforms lives—and we’re expanding that impact to communities nationwide.

The Senior Grants and Contracts Accountant owns the financial side of the organization’s grant portfolio: general ledger accuracy, shared cost allocation, funder billing, drawdowns, and compliance, including but not limited to post-award grant accounting, budget modification, as well as ensuring compliance with funding source administrative guidelines, timely receipt of revenue, accurate submission of financial and other related reports, and grant regulations.

General Ledger
:
Prepare and review grant-related journal entries, reclasses, accruals, TRNA releases, deferred revenue recognition & grant AR reconciliation.

Cost Allocation
:
Run monthly shared cost process and payroll allocations across funding sources and keep the methodology accurate and auditable.

Billing and drawdowns
:
Prepare and submit timely invoices, drawdowns, and financial reports to federal, state, local, and private funders in accordance with grant terms and conditions to guarantee compliance with funder requirements

Budget monitoring
:
Oversee and monitor grant portfolio project expenditures and track grant budget vs actuals with department heads. Manage budget modifications, amendments, payment adjustments, and closeouts as needed.

Compliance & Audit
:
Ensure compliance with relevant federal state, and other regulations (i.e. 2 CFR Part 200) as well as Generally Accepted Accounting Principles (GAAP). Be the audit point of contact for compliance, fiscal and single audit requests, TRNA and Deferred Revenue grant schedules, and open items lists.

Maintain organized records and documentation to facilitate audit readiness

Other duties as assigned

To perform successfully in this role, you will need to leverage these key qualifications:

Bachelor’s degree in accounting, finance, or related field.

At least 5 years of progressive nonprofit accounting experience and hands‑on general ledger responsibility.

5+ years of experience in grants & contracts management and accounting, including funder billing and drawdowns.

Ability to manage a grant portfolio and oversee and monitor monthly project expenditures to ensure alignment with approved budgets and compliance with relevant federal, state, and other regulations

Demonstrated experience with cost allocation across multiple funding sources

Working knowledge of GAAP, Uniform Guidance, and city fiscal compliance requirements.

Prepare and review revenue journal entries including reclassification of costs & monthly accruals, TRNA Releases, Recognition of Deferred Revenue and other adjustments

Knowledge of budget development and expense allocation to support proposals and grants.

Strong team collaborator is nimble & flexible,…