Job Summary

The Principal Accountant, Gift and Grant Accounting is responsible for verifying that financial statement transactions related to gifts and grants are recorded in compliance with accounting guidelines, governmental regulations, and university policy. This position is the primary liaison between Indiana University (IU) Foundation (for gift accounting) and Office of Research Administration (for grant accounting).

Department-Specific Responsibilities

• Develops an understanding of financial transactions related to gifts and grants to ensure proper accounting treatment under authoritative guidance including GAAP and GASB.
• Serves as a point of contact for the annual year-end audit related to significant gift or grant transactions. Responsible for developing and maintaining process narratives and IU accounting standards related to gift and grant accounting.
• Coordinates with IU Foundation and Office of Research Administration to obtain supporting documentation related to significant transactions.
• Prepares and documents certain journal entries, core processes, and work papers related to gift and grant accounting during the year-end audit.
• Works on projects related to improving processes, increasing compliance and accuracy, and creating efficiencies.

General Responsibilities

• Applies Generally Accepted Accounting Principles (GAAP).
• Performs more complex accounting assignments requiring advanced professional experience, knowledge, and competency in accounting principle and practices to safeguard the organization's financial resources and ensure compliance with all relevant regulations, laws, and reporting requirements.
• Establishes and maintains accounting policies and controls, fiscal controls, and financial reports.
• Prepares, reviews, and provides interpretation of complex reports and analyses for manager and officers.
• Submits recommendations for improved operations.
• Oversees and assists with specialized accounting assignments such as the preparation of monthly, quarterly, and annual financial activity.
• Provides work leadership to lower-level accounting employees.

Qualifications

Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.

EDUCATION

Required

• Bachelor's degree Accounting, or related field.

WORK EXPERIENCE

Required

• 5 years relevant experience.

LICENSES AND CERTIFICATES

Preferred

• Certified Public Accountant (CPA) Indiana license or Indiana license eligible Upon Date of Hire.

SKILLS

Required

• Proficient written and verbal communication skills.
• Maintains a high degree of professionalism.
• Demonstrates time management and priority setting skills.
• Demonstrates a high commitment to quality.
• Possesses flexibility to work in a fast-paced, dynamic environment.
• Seeks to acquire knowledge in area of specialty.
• Highly thorough and dependable.
• Demonstrates a high level of accuracy, even under pressure.
• Possesses a high degree of initiative.
• Ability to influence internal and/or external constituents.
• Ability to drive multiple projects to successful completion.
• Analytical ability and a high level of numerical competence.
• Proficiency in IT and demonstrated skill in using Excel to produce financial reports.
• Ability to reconcile financial ledgers and process accounts payable/receivable.
• Organizational skills and ability to manage deadlines.
• High level of attention to detail and accuracy. Ability to communicate effectively.

Working Conditions / Demands

This role requires the ability to effectively communicate and to operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and the campus. The person in this role must be able to perform the essential functions with or without an accommodation.

Work Location

Bloomington, Indiana or Indianapolis, Indiana

This position is eligible for remote work or a hybrid schedule (mix between remote and in person work), subject to change based on university policy and the department's
business needs.

Advertised Salary

$87,000 - $91,000 annually, depending upon qualifications

Benefits Overview

For full-time staff employees, Indiana University offers a wide array of benefits including:

• Comprehensive medical and dental insurance
• Health savings account with generous IU contributions
• Healthcare and dependent care flexible spending accounts
• Basic group life insurance paid by IU
• Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance
• Base retirement plan with generous IU contributions, subject to vesting
• Voluntary supplemental retirement plan options
• Tuition subsidy for employees and family members taking IU courses
• 10 paid holidays plus a paid winter break each year
• Generous paid time off plans
• Paid leave for new parents and IU-sponsored volunteer events
• Employee assistance program (EAP)

Learn more about our benefits by reviewing the IU Benefit Programs Brochure .

Job Classification

Career Level: Advanced

FLSA: Exempt

Job Function: Finance

Job Family: Accounting & Tax

Click here to learn more about Indiana University's Job Framework.

Posting Disclaimer

This posting is scheduled to close at 11:59 pm EST on the advertised Close Date. This posting may be closed at any time at the discretion of the University, but will remain open for a minimum of 5 business days. To guarantee full consideration, please submit your application within 5 business days of the Posted Date.

If you wish to include a cover letter, you may include it with your resume when uploading attachments.

Campus Safety and Security

The Annual Security and Fire Safety Report, containing policy statements, crime and fire statistics for all Indiana University campuses, is available online . You may also request a physical copy by emailing IU Public Safety at [email protected] or by visiting IUPD.

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