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About the Role
The Senior Grants and Contracts Accountant is responsible for the financial aspects of the organization's grant portfolio, including general ledger accuracy, cost allocation, funder billing, drawdowns, and compliance. This role ensures adherence to post-award grant accounting, budget modifications, and funding source administrative guidelines, timely revenue receipt, accurate financial reporting, and grant regulations.
Responsibilities
- Prepare and review grant-related journal entries, reclasses, accruals, TRNA releases, deferred revenue recognition & grant AR reconciliation.
- Run monthly shared cost process and payroll allocations across funding sources, maintaining an accurate and auditable methodology.
- Prepare and submit timely invoices, drawdowns, and financial reports to federal, state, local, and private funders in accordance with grant terms and conditions.
- Oversee and monitor grant portfolio project expenditures and track grant budget vs actuals with department heads.
- Manage budget modifications, amendments, payment adjustments, and closeouts as needed.
- Ensure compliance with relevant federal, state, and other regulations (i.e. 2 CFR Part 200) as well as Generally Accepted Accounting Principles (GAAP).
- Serve as the audit point of contact for compliance, fiscal and single audit requests, TRNA and Deferred Revenue grant schedules, and open items lists.
- Maintain organized records and documentation to facilitate audit readiness.
- Perform other duties as assigned.
Requirements
- Bachelor’s degree in accounting, finance, or related field.
- At least 5 years of progressive nonprofit accounting experience with hands-on general ledger responsibility.
- 5+ years of experience in grants & contracts management and accounting, including funder billing and drawdowns.
- Ability to manage a grant portfolio and oversee and monitor monthly project expenditures to ensure alignment with approved budgets and compliance with relevant federal, state, and other regulations.
- Demonstrated experience with cost allocation across multiple funding sources.
- Working knowledge of GAAP, Uniform Guidance, and city fiscal compliance requirements.
- Experience preparing and reviewing revenue journal entries including reclassification of costs & monthly accruals, TRNA Releases, Recognition of Deferred Revenue and other adjustments.
- Knowledge of budget development and expense allocation to support proposals and grants.
- Strong team collaborator who is nimble & flexible, highly resourceful, and able to wear many hats.
- Demonstrated ability to prioritize multiple projects and meet tight deadlines appropriately.
- Ability to resolve complex issues quickly and collaboratively with programs, finance, and operations.
- Analytical sharpness to spot anomalies in the GL and trace them to root cause.
- Advanced Excel skills (lookups, pivot tables & formulas).
- Experience in fund accounting software, preferably MIP, Sage Intacct or similar.
- Experience with Salesforce and other relevant technologies used in a nonprofit organization.
- Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
Skills
- Accounting
- Finance
- Grant Accounting
- Contracts Management
- Funder Billing
- Drawdowns
- Cost Allocation
- GAAP
- Uniform Guidance
- Excel
- MIP
- Sage Intacct
- Salesforce
Location
- San Francisco, CA
Work Type
- Hybrid
Experience Level
- Senior
- 5+ years
Education Level
- Bachelor's degree
Salary/Compensations
- $120,000 - $125,000 per year
Benefits
- Comprehensive medical, vision, and dental insurance for employees and their dependents
- Generous paid time off - with a minimum of 20 days for new employees
- Employee Assistance Program that offers free financial or legal counseling to employees or their families
- Other forms of voluntary benefits
About the Company
- Mission Economic Development Agency (MEDA) is a non-profit organization dedicated to promoting economic development and job creation in San Francisco's Mission District.
- Founded in 1973, MEDA has a long history of serving the community by providing access to capital, technical assistance, and training programs for entrepreneurs and small businesses.
- MEDA partners with individuals and families to build lasting prosperity through housing stabilization, small business support, workforce development, financial coaching, and education support.
- Rooted in San Francisco’s Mission District, MEDA has seen how economic opportunity transforms lives and is expanding that impact to communities nationwide.