Senior Accountant – Hybrid (Repost)
City : Hamilton
Category : Other
Industry : Education
Employer : McMaster University
Senior Accountant; Research Finance
The Research Finance department provides support and consultion to PI (Principal investigators) through budgeting and accounting activities.
This role specifically will help with compliance monitoring of the department funding accounts for research and will conduct complex analysis to to help with the
fiancial mangement of those research funds. The incumbent will work closely with the PI’s in analyzing expedenitures in comparison to budgets and will reports
and prepare financial reports for compliance and planning. The incumbent will help develop and implement new financnail and non financial processes to
support the standadarization and effectiveness of business processes. The position is currently fully remote with opportunity to shift to hybrid.
Responsible for managing the financial activities of a portfolio of research projects involving University commitments, inter-institutional and private sector partnerships, as well as federal and provincial granting agencies.
Purpose and Key Functions: Interpret and communicate applicable financial policies, procedures and guidelines to researchers and administrative personnel. Develop strategies for improving the efficiency and effectiveness of maximizing fund usage. Ensure research submissions, funding agreements, budgets, financial transactions, and financial reports comply with research contracts and current University and granting agency policies.. Analyze and assess eligible research space and costs by gathering and compiling construction documents such as blueprints, engineer and architect comments, contribution budgets, and expense details. Provide financial policy, procedure, and guideline information to cross-functional research groups at inception of award to ensure the group proceeds in accordance with University and sponsor policies. Review research accounts with researchers and administrative personnel. Monitor the financial status of projects. Identify and resolve financial issues with projects. Assist with internal and external audits by preparing audit files and responding to auditor inquiries. Develop financial budgets for submission with grant applications at the pre-award stage. Prepare financial projections and make adjustments to budgets throughout the fiscal year. Update researchers and administrative personnel on the status of accounts and provide recommendations on how to approach specific issues that need to be resolved. Develop customized spreadsheets for ad-hoc reports, queries, and financial analysis to be used for financial claryt . Create forecasting and budgeting templates. Analyze and assess eligible research space and costs by gathering and compiling construction documents such as blueprints, engineer and architect comments, contribution budgets, and expense details. Generate invoices for granting agencies and ensure the collection of funds. Notify researchers and administrative personnel of account overdrafts and work with them to clear overdrafts. Facilitate and participate in working groups to streamline and improve research finance internal controls and respond to audit recommendations. Attend and participate in research group and departmental meetings. Develop and deliver training and information sessions. Scrutinize research contracts, policies, and guidelines for minor changes. Remain current with changes to granting agency policies and inform others of the change in rules for eligibility and administrative processes. Maintain the confidentiality of research funding and contract information.
Provide direction to others in how to carry out work tasks.
Provide orientation and show procedures to others.
Bachelor’s degree in Business Administration or related field.
Working towards a recognized Canadian accounting designation.
Requires a minimum of 3 years of relevant experience.
Experience with complex budgeting and financial analysis. Experience with reconciling financial information and demonstrates an ability to effectively resolve unreconciled issues. Excellent collaboration and communication Exceptional analytical and problem skills Opportunity to mentor and coach junior staff. Strong understanding of internal and external control procedures. Exceptional analytical, time management and problem skills. Experience with PeopleSoft Finance
The incumbent is responsible for developing strong relationships with other department liaisons, Scientific Researchers, and other stake holders. Ability to work independently under time sensitive circumstances.