Senior Accountant, Restricted Funds

Title: Senior Accountant, Restricted Funds

Position Type: Professional Tech Full time

College: Front Range Community College

Division: Finance and Administration

Department: FRCC Fiscal Services

Campus: Westminster Campus

Location: Westminster, CO

Salary Range: $64, annually

Reporting to the Restricted Fund Manager, the Senior Restricted Fund Accountant provides support to other Grant Accountants in limited and permanent positions as necessary for the College to properly serve as the fiscal agent for multi-million dollar federal grants and other various non-federal grants. This position will work closely with the Resource Development team and grant principal investigators in overseeing grant management and ensuring grant management compliance.

This position requires the use of good judgment and critical thinking skills to independently perform general accounting related duties and support the restricted funds accountants and accounting positions responsible for the Fiscal aspect of Financial Aid, Grants, and a variety of restricted fund activity. Specialized expertise is necessary to oversee and manage the grant and restricted funds subsystem for college compliance with state regulations, generally accepted accounting standards, non-federal and federal grant sponsor reporting requirements, OMB-133 and A-21 compliance, and other federal requirements.

The Senior Restricted Fund Accountant will maintain the ability to detect problems and advise people on proper actions required for resolution; assist in the preparation of financial statements, budgeting and forecasting of restricted and other funds as required; analyze additional projects requiring formative analysis and judgment as needed to help benefit the department and the college by creating a more strategic approach to improving processes, compliance, and management of grants and other financial service areas.

This position does have the opportunity to work remotely occasionally but does require a strong on-campus presence and may require occasional travel to all three FRCC campuses.

Please note:

You need to be a Colorado resident on your first day of employment. Also, Front Range Community College is an E-Verify employer.

• Leads the preparation of monthly reconciliation reports for assigned restricted funds, collaborating with staff to ensure accuracy, completeness, and timeliness. Prepares and distributes monthly and quarterly invoices for grants and scholarships carrying outstanding cash balances, verifying that all billings align with the terms and requirements outlined in grant contracts. Partners with departmental managers to resolve discrepancies and outstanding reconciling items. And work directly with sponsors to address questions or concerns regarding submitted invoices.
• Reviews and approvals grant billings, journal entries and financial reports prepared by fiscal accountants, ensuring accuracy, compliance, and adherence to institutional and funding agency standards prior to submission or posting.
• Monitors cash balances and tracks billing progress on a monthly and quarterly basis, serving as a knowledgeable resource for accountants and sponsors by responding to inquiries and providing guidance on billing status, fund activity, and compliance requirements.
• Reviews and approves monthly reconciliations of grants and financial aid funds, ensuring all account balances are accurately stated, and reconciling items are identified and resolved in a timely manner.
• Analyzes, reviews, and authorizes payment requests and p-card statements for restricted funds, ensuring all expenditures are compliant with approved budgets, grant award terms, and institutional authorization requirement. Verifies that all associated accounting entries are properly classified in accordance with GAAP and applicable regulatory standards.

• Implements and manages accounting procedures for restricted funds, including new fund setup (grant subsystem configuration, budget setup, and fund number assignment), grant closeout processes, and ongoing monitoring of accounting transactions such as p-card approval, payment documents, and journal entries.
• Ensures all financial activity is recorded and maintained in accordance to Generally Accepted Accounting Principles (GAAP), governmental accounting standards, state fiscal rules, and applicable grant regulations.
• Reviews accounting records, system diagnostics, and online transaction detail within the Banner Financial System to verify the accuracy, integrity, and compliance of restricted fund activity. Investigates discrepancies and errors, collaborates with accounting system users to identify root causes of errors, and recommends user training to prevent recurring issues. Corrects conflicting or inaccurate data in Banner, ensuring alignment with GAAP, state fiscal rules, and rules/processes established by higher management and funding agency guidelines.
• Investigates account…