Job Listing
DATE: April 12, 2012
DIVISION: Administration and Finance
POSITION: Finance and Federal Compliance Analyst
The Massachusetts Technology Collaborative (MTC) is a public economic development agency charged with strengthening the state’s innovation economy and fostering a more favorable environment for the formation, retention and expansion of technology-related enterprises in Massachusetts. Through its major divisions—the Innovation Institute, the Massachusetts eHealth Institute, and the Massachusetts Broadband Institute—MTC is stimulating economic activity in every corner of the Commonwealth. MTC has an exciting opportunity for a Financial and Federal Compliance Analyst to join the Administration and Finance team.
The Financial and Federal Compliance Analyst will conduct financial analyses on budgets, cash flows, operating results, and business operating plans and will lead the on-going monitoring of policies, procedures, documentation and internal controls necessary to maintain compliance with all applicable federal regulations and guidelines. The Financial and Federal Compliance Analyst will apply strong analytical and business acumen and knowledge of federal compliance requirements to implement and maintain accounting and business processes, reporting procedures, and financial tracking methodologies to ensure compliance with all federal, state and other applicable regulations. The Financial and Federal Compliance Analyst will work closely with the finance team in all fiscal areas as well as with the legal team and the programmatic divisions of MTC. This position is based in MTC’s Westborough headquarters.
RESPONSIBILITIES:
Under the direction of the Controller, the Finance and Federal Compliance Analyst will perform the following:
- Review, understand, and monitor awarded federal grants, contracts and cooperative agreements, including proposals, budgets, funding announcements, special award terms and conditions, and any related amendments
- In cooperation with the program divisions, develop federal proposal budgets, prepare budget revisions and coordinate with federal grant management office for all federal budget requirements
- Monitor monthly financial results and compare with fiscal year and federal program budgets as well as the business objectives of the program
- Coordinate the preparation of federal reporting data elements from finance and program staff, and submit all reports via appropriate reporting systems according to procedures in an accurate and timely manner
- Review federal expenditures on a periodic basis to ensure allowability and compliance with all federal regulations, grant award terms, and approved budgets
- Ensure a comprehensive understanding of all applicable federal requirements and guidelines applicable to MTC, including, but not limited to, OMB Circulars A-87, A-133 and A-102, ARRA, and 15 CFR Part 24 and 45 CFR Part 92
- Prepare the cash requirements for each grant and process the periodic drawdown of funds for the federal awards through the applicable payments systems and in accordance with applicable funding restrictions
- Ensure appropriate hard and electronic filing of all federal grant awards, reports, cash requests and supporting documentation
- Recommend improvements and assist with implementation of such for reporting formats, filing systems, and grant tracking mechanisms for expenditures of federal funds and associated program income and matching funds
- Lead efforts to further implement a sub-recipient monitoring compliance program to meet all federal requirements and perform on-going monitoring of compliance
- Lead the establishment of standardized practices, forms and templates for all federal activities, beginning at the review of funding announcements all the way through grant close out activities including, but not limited to, proposal and budget preparation and all post award activities
- Lead the effort for tracking and recording in-kind matching and monitoring all other federal matching requirements
- Engage with program staff to ensure federal compliance, and perform training for staff on federal compliance requirements and new or revised policies and procedures implemented to insure compliance
- Consult and coordinate with all members of the accounting and finance staff to maintain accurate, timely and highly effective fiscal data including journal entries, cash requirements reports, financial statements, account analyses, and all other financial requirements as it related to federal grants
- Participate in the coordination of materials and documentation for the Corporate Annual Audits, A-133, and State Audits
- Participate in the implementation of improvements to the internal and external grant auditing practices as it relates to ensuring compliance with federal funding; ensure payments and deliverables are in accordance with contractual obligations and federal requirements as well as generally accepted accounting practices
- Participate in general accounting cycle functions, management accounting, project-based accounting, and grant management to ensure adherence to and compliance with federal guidelines and generally accepted accounting practices
- Manage special projects as assigned including preparation of ad hoc analysis, detailed information requests as well as other fiscal projects and/or tasks
- Perform additional tasks as may be assigned from time to time by the Controller or Chief Financial and Administrative Officer
QUALIFICATIONS:
Education
- Bachelor's degree in Business Administration, Finance, Accounting or related field required
Experience
- Minimum 5 years’ experience with general accounting, federal compliance, automated financial systems, budget management and spreadsheet modeling
Knowledge, Skills and Abilities
- Excellent interpersonal, communication and presentation skills
- Excellent analytical, mathematical and quantitative skills
- Excellent PC skills and knowledge of PC applications, e.g., Excel, Word, databases, E-mail, Internet and payroll and accounting software applications
- Demonstrated ability to lead, train, and motivate staff
- Demonstrated knowledge of or ability to quickly grasp Governmental Accounting Standards Board (GASB) accounting standards, federal regulations regarding grants and compliance, and Massachusetts statutes relative to accounting for public instrumentalities
- Demonstrated ability to develop and analyze financial statements and budget variances
- Knowledge of internal and external auditing practices
- Demonstrated ability to define and document business problems and develop solutions
- Demonstrated ability to manage multiple priorities effectively
To Apply: Qualified candidates are encouraged to forward a resume and cover letter describing how your skills and experience fit the job description along with salary requirements via e-mail to employment@masstech.org. You may also mail your resume and cover letter to the Massachusetts Technology Collaborative, 75 North Drive, Westborough, MA 01581-3340, Attn: Finance Analyst
Please refer to job code 159011012AF-MW
We offer a competitive salary, excellent benefits and opportunity for personal and professional growth. No calls or agencies please. See www.masstech.org for further information.
Massachusetts Technology Collaborative is an Equal Opportunity Employer