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Financial Management Consultant (US Federal Grants experience required)

Employer
1890 Universities Foundation
Location
Washington D.C., USA
Salary
$110 - $125 per hour
Closing date
Mar 21, 2024

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Part Time
Education
Bachelors
About the 1890 Universities Foundation:

Established in 2016 and headquartered in Washington, DC, the 1890 Universities Foundation is a 501(c)3 charitable and educational organization committed to supporting the core missions of (19) 1890 land-grant universities primarily located in the southern United States.

Role and Responsibilities:

In the capacity of the Financial Management Consultant, you will collaborate closely with the Principal Investigator and the leadership team to provide financial oversight for the USDA - Forest Services Grant.

Job duties:

Financial Management Consultant
  1. Budget Line Adjustments:
  • Review and adjust budget lines, ensuring that each item is placed into the correct 'approved bucket' for later validation.
  • Ensure that reallocations are made according to federal regulations and best practice accounting standards.
  • Verify the calculation of the Modified Total Direct Costs (MTDC) as per 2 CFR 200.1, ensuring that the indirect cost rate of 10% is accurately applied.
  • Re-calculate the indirect costs based on the MTDC, ensuring that only the first $25,000 of each subaward is included in the indirect cost base.
  1. Indirect Costs Documentation:
  • Document all indirect costs, including administrative support such as payroll personnel and systems, and ensure they are accurately reflected in the budget without direct attachment to the award.
  • Propose a methodology for calculating and reporting these indirect costs to maintain transparency and compliance.
  1. Conference Costs Analysis:
  • Define the nature and purpose of the conferences hosted by the Foundation.
  • Develop a system to ensure that scholarships and registrations for these conferences do not give the appearance of the Foundation paying itself, including a tracking system for all receipts and expenditures.
  1. Personnel Cost Validation:
  • Cross-reference the Bureau of Labor Statistics (BLS) data and grades to validate the reasonableness of the personnel costs proposed for the program.
  • Update the budget to reflect new salary amounts for all personnel directly working on the grant.
  1. Programmatic Costs Analysis:
  • Examine different types of programmatic costs and provide recommendations to ensure that they align with the objectives of the grant and federal guidelines.
  1. Consultation and Reporting:
  • Provide consultation services to assist the team in reaching a "good space" for having the agreement signed.
  • Draft a short concise report summarizing findings, recommendations, and the revised budget.

If you have the following, they want to hear from you:
  • 10+ years of demonstrated experience in financial management, particularly in the context of grants or government funding. This might include experience with budgeting, financial reporting, compliance, and grant administration.
  • Experience working with nonprofit organizations, government agencies, or grant-making institutions is highly desirable.
  • Familiarity with grant application processes, grant management systems, and reporting requirements.
  • Experience in conducting financial analysis and providing strategic financial advice to clients or stakeholders. Relevant certifications can enhance credibility and demonstrate expertise in financial management and grants. Examples include Certified Grants Management Specialist (CGMS), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Project Management Professional (PMP).
  • Strong analytical skills and attention to detail are essential for accurately managing budgets and grants.
  • Excellent communication skills, both written and verbal, are necessary for preparing reports, communicating with stakeholders, and presenting budget proposals.
  • Proficiency in financial modeling and forecasting techniques


eFCecomms

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