Job Family: Finance Job Series: Research Accountant 1 Job Code: 4471 Grade: G; Two Year Fixed Term
Reporting to the Director, the Research Accountant will be a part of the Sponsored Receivables Management (SRM) team in Office of Research Administration (ORA). S/he will be responsible for reviewing Aging Report, collections of outstanding receivables, and payment applications for the various projects such as Sponsored, Clinical Trials, and Program Income/Service Centers and ensuring the Oracle Financials system and CRISP system (an auditable system that tracks all clinical trial events, industrial and non-industrial, expected payments and invoiceables) operate in an efficient and optimal manner in conjunction with the University policies, business processes and other University systems. This position will work closely with other team members in Office of Research Administration, including Billing, Collections, Pre-Award, Post-Award, various Departments, and Sponsors.
Review and interpret legal documents for financial terms and conditions including but not limited to billing requirements, reporting, and payment terms.
Research and identify payments received. Batch and apply payments into Oracle, as requested.
Review Aging report and follow up on the outstanding receivables balances by calling and/or corresponding via email to discover reasons for delay or rejection of payment. Enter the notes in ARC system with a detailed response, follow up action, and follow up date.
Work collaboratively with Institutional Representatives, Department Financial Administrators, Billing and Collection Accountants to facilitate the timely and correct application of funds to the correct awards and compliance with sponsor's requirements and university's policies.
Able to interpret the payment terms and reconcile the payments received and true collectables by working internally first before contacting the Sponsors.
Able to work closely with Departments and reconcile variances for Clinical Trials between CRISP system and Oracle system, if required.
Actively participate in testing of new systems and process improvement and provide feedback.
Work closely with Closeout Accountants during the final award closeout to ensure the payments for outstanding receivables have been applied timely and accurately.
Prepare and review supporting documents for various cash management reports, sponsor requests, and internal/external customers, if pertains to cash applications.
Set up new customer numbers and add/update address and contact information.
Review unclaimed cash report and identify the payments that belong to Sponsored Receivables Management (SRM).
Review on account report and ensure the timely payment applications.
Follow up on and research top offsets.
Follow up on the payment discrepancies.
Respond to collection status inquiries.
Recommend write-off or other actions.
Download the payments received from Wells Fargo, as needed.
Interpret complex University and government policies. Serve as liaison between University, sponsors and department staff. Initiate meetings as needed to resolve issues with process partners, PI, departments, etc.
Provide expertise and expert knowledge of grant and payment application procedures, university policies and sponsor regulations, serve as expert resource for department. Engage in analysis of existing systems and make recommendations for improvement and perform testing.
Provide guidance and direction to junior staff on reviewing and interpreting complex agreements and applying payment application policy. Train and mentor junior level staff. Lead training sessions as appropriate.
* - Other duties may also be assigned
Education & Experience:
Four-year college degree and five years of relevant experience or combination of education and relevant experience.
Knowledge, Skills and Abilities:
Strong knowledge of contract and grant procedures and ability to apply policies and accounting practices.
Advanced knowledge of principles, concepts and theories of accounting.
Thorough understanding of key attributes in Oracle and its impact on reporting, collections, and write offs.
Experience with Stanford research administration processes including pre, interim, and post award research administration.
Strong experience with OMB Circulars A-21, A-110, A-133, Cost Accounting Standard (CAS), GAAP, Federal Acquisition Requirements (FAR), various sponsor policies.
Strong working knowledge of Excel.
Experienced with Oracle /Stanford systems.
Ability to independently diagnose and determine the proper channel of contact using sound judgment. Ability to make decision, provide guidance and directions for junior staff to follow.
Skilled to independently analyze complex accounting transactions, and interpret agreements with difficult restrictions using various tools.
Excellent customer service skills. Working collaboratively with different process partners, departments, within the organization to achieve best possible outcomes.
Strong oral and written communication skills.
Build positive working relationship with departments, various process partners in the university, and within the organization up/down/side levels.
Act and behave in constructive manner. Be positive. Set good example for other staff.
Certifications and Licenses:
Works calmly under pressure and maintains excellent working relationships with departments, partner groups, and sponsors.
Clearly communicates complex principles, concepts and regulatory requirements in simple and actionable terms. Patiently trains various departments, as questions arise.
In-depth knowledge of Federal Acquisition Regulations and cost accounting standards.
Ability to manage competing priorities in a fast-paced environment.
Demonstrates excellent time management and organizational skills.
Constantly sitting, grasping lightly, use fine manipulation and performing desk-based computer tasks.
Occasionally use a telephone.
Rarely stand/walk, twist, bend, stoop, squat, write by hand, sort and file paperwork or parts, lift, carry push, and pull objects that weigh up to 10 pounds.
* - Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.
May have occasional extended or weekend work hours during peak business cycles.
Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.
Note: Not all unique aspects of the job are covered by this job description
The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.
Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.
Location: Business Affairs, Redwood City, California, United States Schedule: Classification Level:
Stanford is an equal opportunity employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law.
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Located between San Francisco and San Jose in the heart of Silicon Valley, Stanford University is recognized as one of the world's leading research and teaching institutions. Leland and Jane Stanford founded the University to "promote the public welfare by exercising an influence on behalf of humanity and civilization." Stanford opened its doors in 1891, and more than a century later, it remains dedicated to finding solutions to the great challenges of the day and to preparing students for leadership in a complex world. The University's thriving diverse community is comprised of nearly 7000 undergraduate students, 12000 graduate students, 2000 faculty members, 1900 postdoctoral scholars, and over 11,000 academic and administrative staff in seven schools including several interdisciplinary research centers and institutes. The campus spreads over 8000 contiguous acres and nearly all undergraduates live on campus. Stanford offers bachelor's and master's degrees in addition to doctoral degrees (PhD, MD, DMA and JD) plus a number of professional and continuing education programs and certifications. More at http://facts.stanford.edu and http://www.stanford.edu. Stanford is an equal empl...oyment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law. Stanford also welcomes applications from others who would bring additional dimensions to the University’s research, teaching and clinical missions.