Illinois Institute of Technology
Senior Grant Accountant
🇺🇸 Chicago, IL
🕑 Full-Time
💰 TBD
💻 Finance
🗓️ May 30th, 2025
Edtech.com's Summary
Illinois Institute of Technology is hiring a Senior Grant Accountant. The role involves providing guidance and oversight to principal investigators and department administrators on grant and contract policies, ensuring compliance with federal and non-federal regulations, and performing post-award administration. The accountant will engage in financial reporting, conduct internal audits, and assist in training programs related to grant and contract accounting.
Highlights
- Review and set up grant/contract fund based on award documents.
- Monitor and meet sponsor deadlines for invoicing and reporting.
- Reconcile and analyze funds for billing/reporting and project close-out.
- Monitor salary and non-salary expenditures against ITT policies.
- Strong knowledge of federal and non-federal regulations required.
- Proficiency in Microsoft Office and familiarity with Banner Finance System preferred.
- Compensation starts at $60,000 annually.
- Bachelor's degree in Accounting is preferred.
Senior Grant Accountant Full Description
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Senior Grant Accountant
Position Details
Position Information
Position Title | Senior Grant Accountant
Requisition # | S01449P
FLSA | Exempt
Location | IIT-Mies Campus (MC), 10 West 35th St., Chicago
Department | Grant and Contract Accounting
GENERAL DESCRIPTION | The Senior Grant Accountant position is responsible for providing independent guidance and oversight to principal investigators and department administrators in regard to grant and contract policies and procedures, compliance and regulatory issues, and post-award administration. This individual must demonstrate an advanced knowledge and understanding of federal and non-federal regulations, guidelines, and policies covering grant and contract processes. This person must have a working knowledge of post award accounting and financial reporting, performing internal audits of grants and contracts to ensure compliance with university and funding agency requirements. The Senior Grant Accountant will play an integral role in the Grant and Contract Accounting training program; assisting principal investigators and departmental administrators in interpreting university and funding agency policies and guidelines to ensure financial compliance. This individual will be involved in the development of new post award policies and procedures.
Benefits | Our commitment to employee well-being is reflected in our competitive benefits package located here: https://www.iit.edu/hr/benefits
COMMUNICATIONS | Excellent interpersonal, verbal, mathematical and written communication skills. Ability to assist Principal Investigators and Administrators with questions on grants and contracts. Also must have the ability to effectively communicate terms & conditions, Grant and Contract Accounting policies as well as university policies.
CUSTOMER SERVICE | This individual will be a team player with strong interpersonal skills utilized in conducting business related to grants management, financial reporting, and audit of federal and non-federal funds.
Special Schedule Requirements |
EEOC Statement | Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.
Requisition # | S01449P
FLSA | Exempt
Location | IIT-Mies Campus (MC), 10 West 35th St., Chicago
Department | Grant and Contract Accounting
GENERAL DESCRIPTION | The Senior Grant Accountant position is responsible for providing independent guidance and oversight to principal investigators and department administrators in regard to grant and contract policies and procedures, compliance and regulatory issues, and post-award administration. This individual must demonstrate an advanced knowledge and understanding of federal and non-federal regulations, guidelines, and policies covering grant and contract processes. This person must have a working knowledge of post award accounting and financial reporting, performing internal audits of grants and contracts to ensure compliance with university and funding agency requirements. The Senior Grant Accountant will play an integral role in the Grant and Contract Accounting training program; assisting principal investigators and departmental administrators in interpreting university and funding agency policies and guidelines to ensure financial compliance. This individual will be involved in the development of new post award policies and procedures.
Benefits | Our commitment to employee well-being is reflected in our competitive benefits package located here: https://www.iit.edu/hr/benefits
COMMUNICATIONS | Excellent interpersonal, verbal, mathematical and written communication skills. Ability to assist Principal Investigators and Administrators with questions on grants and contracts. Also must have the ability to effectively communicate terms & conditions, Grant and Contract Accounting policies as well as university policies.
CUSTOMER SERVICE | This individual will be a team player with strong interpersonal skills utilized in conducting business related to grants management, financial reporting, and audit of federal and non-federal funds.
Special Schedule Requirements |
EEOC Statement | Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.
Qualifications
Education & Experience | Bachelor’s degree in Accounting preferred. This individual must demonstrate an advanced knowledge and understanding of federal and non-federal regulations, guidelines, and policies covering grant and contract processes.
Knowledge & Skills | A strong knowledge of the Banner Finance System is preferred.
Microsoft Office applications. Banner experience a plus.
SUPERVISION & BUDGET AUTHORITY | N/A
Physical Environment and Requirements | N/A
Knowledge & Skills | A strong knowledge of the Banner Finance System is preferred.
Microsoft Office applications. Banner experience a plus.
SUPERVISION & BUDGET AUTHORITY | N/A
Physical Environment and Requirements | N/A
Certifications and Licenses
List any certifications or licenses that are either required or helpful in performing the job, designating whether required or preferred. | N/A
Key Responsibilities
Key Responsibility | Review and perform grant/contract fund set up based on award documents including: notice of award/agreement/contract/purchase order, budget detail, cost sharing, indirect cost rate, project start and end dates, agency regulations and guidelines and agency reporting requirements. Disseminate grant fund numbers and other relevant information to Principal Investigators and Administrators.
Percentage Of Time | 20Key Responsibility | Monitor and meet sponsor requirements for deadlines on invoicing and reporting; prepare invoices to collect funds as expeditiously as possible on non-letter of credit accounts; advise GCA Management of invoices which require more than routine follow-up. Prepare monthly, quarterly and annual financial reports required by sponsors.
Percentage Of Time | 20Key Responsibility | Reconcile and analyze all funds in preparation for billing/reporting and close-out, including cost sharing and indirect cost analysis. Prepare accounting entries as needed as well as project close-out entries. Responsible for timely resolution of grant deficits and closeout of all assigned grant accounts.
Percentage Of Time | 20Key Responsibility | Monitor salary and non-salary expenditures and cost transfers; approving those that conform to IIT policies and sponsor requirements.
Percentage Of Time | 20Key Responsibility | Respond to inquiries made by PIs, department administrators, awarding agencies, and others in a timely manner, utilizing excellent customer service skills.
Make various business decisions appropriate to the position; consulting with upper management as necessary.
Percentage Of Time | 10Key Responsibility | Work with management to determine accounts which require more oversight.
Other duties as assigned (i.e. Banner system testing, training, policies and procedures, etc.).
Percentage Of Time | 10
Percentage Of Time | 20Key Responsibility | Monitor and meet sponsor requirements for deadlines on invoicing and reporting; prepare invoices to collect funds as expeditiously as possible on non-letter of credit accounts; advise GCA Management of invoices which require more than routine follow-up. Prepare monthly, quarterly and annual financial reports required by sponsors.
Percentage Of Time | 20Key Responsibility | Reconcile and analyze all funds in preparation for billing/reporting and close-out, including cost sharing and indirect cost analysis. Prepare accounting entries as needed as well as project close-out entries. Responsible for timely resolution of grant deficits and closeout of all assigned grant accounts.
Percentage Of Time | 20Key Responsibility | Monitor salary and non-salary expenditures and cost transfers; approving those that conform to IIT policies and sponsor requirements.
Percentage Of Time | 20Key Responsibility | Respond to inquiries made by PIs, department administrators, awarding agencies, and others in a timely manner, utilizing excellent customer service skills.
Make various business decisions appropriate to the position; consulting with upper management as necessary.
Percentage Of Time | 10Key Responsibility | Work with management to determine accounts which require more oversight.
Other duties as assigned (i.e. Banner system testing, training, policies and procedures, etc.).
Percentage Of Time | 10
Posting Information
Work Hours | Monday thru Friday 8:30am-5:00pm
Position Category | Full Time
Posting Date | 05/28/2025
Closing Date |
Posted Until Filled | Yes
Quicklink for Posting | https://iit7.peopleadmin.com/postings/11272
Position Category | Full Time
Posting Date | 05/28/2025
Closing Date |
Posted Until Filled | Yes
Quicklink for Posting | https://iit7.peopleadmin.com/postings/11272
Budget Information
Budget Amount
Benchmark Amount | 60000
Supplemental Questions
Required fields are indicated with an asterisk (*).
Documents Needed to Apply
Required Documents
- Resume
Optional Documents
- Cover Letter
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