Thresholds, a national leader in mental health services, is a recipient of the Chicago Tribune “Top 100 Workplaces" for four consecutive years and a 10-time winner of Chicago’s “101 Best and Brightest Companies to Work For". Since 1959, through our more than 75 Chicagoland locations and 30 innovative programs, Thresholds carries-out its noble mission of providing healthcare, housing and hope for over 15,000 adults and youth. Come join a dedicated financial accounting team in Chicago’s Loop working to make a difference in our community…!
Senior Accountant, Grants
This “Senior Accountant, Grants” position reports to the Director of Grants Accounting. This position is responsible for maintaining financial compliance with applicable governmental (federal, state, and municipal) requirements. Governmental funders include the US Dept. of HUD, Dept. of VA, and DHHS; also Illinois DHS, DCFS, and DMH; as well as the City of Chicago. The Senior Accountant will maintain accurate & timely accounting records and will report on expenditures for a select portfolio of grants & contracts as well as proper recording of revenues, according to US GAAP. This position will partner with the programmatic staff to manage the budgetary aspects of the assigned grants & contracts. Together, they will ensure the accuracy and integrity of financial accounting and budgetary data. The portfolio of grants and contracts will have an annual budget, ranging from $5 to $15 million.
Essential Duties & Responsibilities:
Reviews grant and contract documents for financial reporting guidelines and budget compliance.
Analyzes grant and contract related transactions recorded in the MIP accounting system.
Reviews, edits and transmits grant & contract related financial and expenditure transactions, and bills other government agencies/sponsors/grantors accordingly.
Assists with the preparation of Thresholds Annual Financial Report.
Works with internal and external auditors during their reviews
Prepares various schedules and filings with local, state, and federal agencies.
Prepares invoice/billings and collection of funds for the support of restricted grant and contract expenditures.
Complies with federal and state rules and regulations (financial accounting and administrative – “Uniform Guidance”)
Prepares ad hoc reports requested by Thresholds management and other agencies.
Assists in formulating procedures to assure compliance with grant and contract related accounting and financial reporting.
Audits, reconciles and processes transactions related to receipt and expenditures of grant and contract funds.
Coordinates with other departments within Thresholds to ensure compliance.
Computes indirect cost rates and applies such rates as necessary to awards.
Assists program staff and grantees with financial, budgetary, and accounting questions related to grants and contracts.
Reviews expenditures to ensure compliance with Thresholds policies as well as Federal and State rules and regulations.
Maintains accounting records in accordance with US GAAP (generally accepted accounting principles) and
Thresholds policies, utilizing the Thresholds accounting system.
Reviews business practices for improvements in efficiency.
Prepares journal entries to accurately report receipt and expenditure of grant and contract revenue.
Maintains and utilizes knowledge of Federal Cost Accounting and Financial Reporting Standards as promulgated in OMB Circulars and Agency Guidelines as well as State of Illinois reporting requirements (GATA).
Maintains and utilizes knowledge of policies and procedures for financial management of funds drawn for Department of Housing and Urban Development funds, Department of Health & Human Services, as well as relevant State of Illinois agencies.
Other duties as assigned.
Bachelor’s degree with a major in Accounting is A FIRM REQUIREMENT, from an accredited college or university. Graduate courses/degree preferred.
Five (5) or more years of experience with grant management is a FIRM REQUIREMENT.
Experience in a not?for profit (such as social services, charitable, higher education, or healthcare organization) is a FIRM REQUIREMENT.
Proficient MS Office experience; strong Excel skills a must.
CPA and/or graduate degree preferred.
Ability to use a personal computer and other office equipment, including related Thresholds software and email.
Internal Number: 18-0329
Thresholds, named as one of Chicago’s 101 Best and Brightest Companies to Work For, provides more than 15,000 adults and youth with the skills and encouragement needed to live productive and fulfilling lives.
Consider being part of an organization that fosters collaboration between its staff and those we serve, our members, and where employees are recognized as invaluable assets who truly make a difference.
More than 75% of Thresholds’ services are delivered out in the community and include assertive outreach, case management, housing, employment, education, psychiatry, primary care and substance abuse treatment, as well as pioneering research at the Thresholds Research Institute.
Thresholds provides competitive wages and benefits, and excellent opportunities for career development and promotion.
Individuals with lived or shared experiences with mental illness are encouraged to apply.
Proud to be an Equal Opportunity Employer: Disability/Veteran