Senior Research Accountant

4 weeks ago


Hamilton, Canada McMaster University Full time

Job Summary:

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. 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. 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.

Requirements:

Bachelor’s degree in Business Administration or related field. Completion of advanced level courses of a recognized Canadian accounting designation. Requires a minimum of 3 years of relevant experience.

What We Offer:

In addition to joining a Top Ranked University, McMaster offers a very competitive  Total Compensation Package  that includes, but is not limited to:

Employer Paid benefits such as Extended Health, Dental, Emergency Out-of-Country Travel Coverage & Basic Life Insurance. Participation in a competitive Contributory Pension Plan Progressive paid annual vacation plan. Training, coaching and professional development opportunities. Employee tuition assistance for continuous development and education. Opportunity to be a part of an academic environment working alongside professionals who share a passion for learning.

For more information, please visit McMaster's Total Rewards website here




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