Inova is a not-for-profit healthcare system based in Northern Virginia that serves more than two million people each year from throughout the Washington, DC, metro area and beyond. Governed by a volunteer board of community members, Inova has grown from one hospital in 1956 to a nationally recognized, comprehensive network of hospitals, outpatient services and facilities, primary and specialty care physician practices, and health and wellness initiatives.
The Inova Systems Headquarters in Falls Church, VA is seeking a Senior Accountant.
The Senior Accountant will perform a variety of grant financial reporting and professional level accounting responsibilities within the Finance department in accordance with Generally Accepted Accounting Principles (GAAP). This position plays a significant role in the annual compliance required by the Office of Management and Budget (OMB) Uniform Guidance requirements. Knowledge of OMB circulars is not required but is beneficial. The Senior Accountant will be responsible for managing the post-award financial aspects for various grants and cooperative agreements, primarily Federal awards. The Senior Accountant monitors, reconciles, analyzes, and reports on grants to ensure compliance with the fiscal management in accordance with government regulations. They will be responsible for reviewing financial data along with the Program Manager and preparing invoices to Grantors on a timely basis and monitoring cash collections. This position reports to the Corporate Finance Accounting Manager and works alongside a team of grant accountants. The Accountant assists with the year-end audit and provides auditors with documentation as requested.
Principal Duties and Responsibilities:
- Oversees and participates in all accounting activities related to grants including accounting for transactions on a monthly basis, account reconciliations, financial analysis, grants budgeting and reporting.
Maintains financial integrity of assigned grants by monitoring expenditures, managing receivables, collecting cash, and reviewing for compliance with Federal requirements.
Meets with Program Managers as needed throughout the course of the grant and especially as the grant is coming to a close.
Works with Program Managers and the Grants Management Office in pre-award considerations, final budget review, understanding programmatic responsibilities, various grant requirements and accurate and timely close out procedures.
Responsible to provide information on a monthly basis concerning overall revenues and expenses, actual versus budget variances; including appropriate explanations for any significant variances.
Advises Program Managers on issues of concern, such as allowability of expenditures, interpretation of terms and conditions, and other financial management issues.
Suggests process and system improvements to ensure accuracy, completeness and timeliness of financial data and reports. Seeks alternatives to resolve problems.
Provides training to Program Managers or staff on accounting policies, forms and regulations.
Ability to multi-task and prioritize all assigned tasks in an accurate and efficient manner.
Maintains a schedule of financial reporting deadlines to ensure compliance for grant deadlines.
Assists in the month-end/year-end close, prepares journal entries and/or uploads, posts adjustments to correct deficiencies.
Prepares and submits grant reimbursement requests to Grantors and provides proper review and documentation.
Prepares account reconciliations, posts routine journal entries and correcting entries as a result of reconciliation or analysis which may include complex or unusual transactions.
Assists with implementing and maintaining internal financial controls and financial procedures.
Strong analytical skills to fulfill analysis and preparation duties.
Works with critical/high risk errors and maintains historical records for accounting transactions for the site visits. Ensures accurate data is collected by performing periodic audits.
Provides excellent customer service by responding to inquiries and addressing concerns in a timely manner.
Works accurately and effectively in a fast paced culture.
Works well in a team and professional environment.
Provides assistance and support to internal audits as well as external Uniform Guidance audit.
Performs internal audits and reviews and effectively resolves issues with internal/external auditing.
Researches and gives recommendations on complex accounting issues and treatment under Generally Accepted Accounting Principles (GAAP).
Understands workflow procedures, ability to analyze issues to determine a resolution; presents transactions and issue resolutions to management
Able to act independently with minimal daily direction from manager to accomplish objectives.
Provides indirect oversight to staff accountant.
Ensures the effectiveness of Internal Control Systems.