Subscribe to the latest remote jobs:

Cash Management Accountant

$67,855.00 - $95,845.00

Cash Management Accountant

from

$67,855.00 - $95,845.00

About the Opportunity

Job Summary 

Reporting to theAssociate Director,Research Cash Operations, the Cash Accountant supports the functions of the central NU-RES Finance office within Northeastern University Research Enterprise Services (NU-RES) by providing organizational efficiencies and assisting with the oversight of financial operations and processes. The Cash Accountant provides support to theAssociate Director, Research Cash Operationsby processing electronic payments andcheckdeposits, andidentifying, assigning, and applying incoming research payments inWorkday Finance. Prepares and processes various entries for incomingARpayments,Advancement and SFS payments, cash corrections, write-offs,sponsor refunds, LOC payments,and grant closeouts. Reviews payment discrepancies and reconciles payments for grant closeout; supports the review and resolution ofbad debt;maintains and reconciles the payment log andresearch Bank account. Supports triaging and management of communication and requests throughthe centralResearch Accounting email inbox.  

The Cash Accountantprovides assistance during audits, both internal and external, by obtaining supporting documentation for review by the Director, Research Accounting prior to submission to auditors.  Prepares financial reports after monthly financial close toleadership team. Assists the NU-RES Finance leadership team with various projects as needed. Maintains system data on incoming payments within the financial system and payment logs in SharePoint. Works to document SOPs, makes recommendations on process improvements. 

The Cash Accountant is expected to work in various electronic platforms and systems and must be technologically savvy.  Must be able to use VPN and work completely electronically. The Cash Accountant must be able to navigate through the financial system (Workday) as well as the various grants systems and portals (various federal and non-federal sponsor Portals, SharePoint, Microsoft Teams, etc.) asrequired to perform their role.  

The position is expected to foster consultative relationships as well as support a professional environment, providing award support and training to the university research community as needed. The Cash Accountant works with theAssociate Directors and Directorsregarding fiscal complianceof cash management, ARmonitoring and invoicing at Northeastern. The ability to create andmaintain a culture of service,accountability and timeliness is essential. As a collaborative team member, the Cash Accountant supports the other members of NU-RES,interface with colleagues across organizational units such as NU-RES Administration, Accounts Payable, Procurement, Treasury Services, University Advancement, and Student Financial Services (SFS), andperform other duties as assigned. 

A key success factor for this role is being current with respect to federal regulations as well as the ability to train others on the application of these regulations.  This role must treat effective compliance as an equal priority, stay abreast of sponsor rules, regulations, and policy changes, as well as institutional best practices in research administration and finance. Participate in sponsored research initiatives and projects as assigned, as well aslead the adoption of best practices to promote continuousimprovement making sure that the highest quality standards are met. 

Northeastern is a globaluniversity and Provost Research supports its team working remotely. Remote locations and work schedules aredetermined based on operational needs and in consultation with Team members, consistent with university policies and guidance. 

Minimum Qualifications 

  • BS/BArequired 

  • 2-4 years or work experiencerequired 

  • Strong technical skills with MS Office 365 including Excel, Word, SharePoint, Outlook, Teams, as well as Adobe Acrobat and other analytical tools. 

  • Demonstrated ability to work effectively in a team-oriented environment 

  • Excellent analytical and problem-solving skills with a high attention to detail and organization 

  • Excellent written and interpersonal communication skills with the ability to interact with management and senior leadership 

  • Proven customer service skills 

  • Knowledges and experience in finance and general accounting practices,standards and regulations 

  • Experience in B2B accounting, accounts receivable, and working with Local and Federal agencies is preferred 

Key Responsibilities & Accountabilities

40% - Payment Processing 

Record, identify/assign, and apply incoming check and ACH/Wire payments; support the check deposit process.Identify payments throughAR andcontract review, sponsor portals, and coordination with other departments.Record incoming ACH and wire paymentsin the research bank accountagainstresearch and customer AR. Manage unidentified and unapplied payments, coordinate with other departments, and resolve non-research payments received in Research Bank. Maintain and reconcile the payment log, research clearingaccounts and research bankaccount. Perform ongoing and retroactive review of unappliedand in progresspayments for pending grant setups and pending AR. 

35% - Cash Accountingand Reconciliations 

Prepare and processvariousentries for cash corrections, sponsor refunds, write-offs and grant closeouts.Perform periodic review and reconciliation of on-accountpayments balances and work with billing team and other stakeholders to resolve.Work withbilling team toidentify and support sponsor refunds; manage and record refund requests in the financial system – ensure complete settlement of refunds payments through Accounts Payable. Complete reconciliations of Letter of Credit (LOC) paymentauto-applications, resolve on-account balances and work with analysts to resolve any AR gaps.  

20% - Collections andCloseouts 

Work with Analysts,AssociateDirectors and Director to support collection efforts.Assist the team with researching payments and open AR follow-up. Support the review and resolution ofbad debt, process write-offs. Review payment application discrepancies and reconcile payments for grant closeout. 

5% - Operations, Audits and Special Projects 

Support SOP and desk procedure development, make recommendations on process improvements. SupportLeadership with audit requests, ad hocassignments and reports as needed. 

Position Type

Finance

Additional Information

Northeastern University considers factors such as candidate work experience, education and skills when extending an offer.  

Northeastern has a comprehensive benefits package for benefit eligible employees. This includes medical, vision, dental, paid time off, tuition assistance, wellness & life, retirement- as well as commuting & transportation. Visithttps://hr.northeastern.edu/benefits/ for more information.  

All qualified applicants are encouraged to apply and will receive consideration for employment without regard to race, religion, color, national origin, age, sex, sexual orientation, disability status, or any other characteristic protected by applicable law.

Compensation Grade/Pay Type:

109S

Expected Hiring Range:

$67,855.00 - $95,845.00

With the pay range(s) shown above, the starting salary will depend on several factors, which may include your education, experience, location, knowledge and expertise, and skills as well as a pay comparison to similarly-situated employees already in the role. Salary ranges are reviewed regularly and are subject to change.

by @maxrusakovic