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Director, Technical Accounting & USG Compliance
Location:
Denver, CO
Description:
Department: Finance Reports to : Controller Status: Full-time FLSA Status: Exempt Grade: 5 ($75,000 - $95,000 Annual) Location: Denver, Colorado (Preferred) or California, Illinois, Maryland, New Jersey,New York, North Carolina, Pennsylvania, Utah, Virginia, Washington D.C Note: some remote work permitted but in-office presence is required due to the collaborative nature of this positioniDE is a non-government organization dedicated to empowering entrepreneurs to end poverty.Headquartered in Denver, Colorado, our global work within agriculture, sanitation, and gender equality,stands out in the international development sector because we don’t simply hand out money or supplies.Instead, we believe in powering small-scale entrepreneurs and building robust market ecosystems thatare financially competitive, resilient to changing climates, and inclusive of marginalized people. Givenaccess to simple technology, market links and microfinance, iDE has demonstrated that entrepreneurscan lift themselves out of poverty and become change agents in their communities. Founded in 1982, andwith operations in 10 developing countries, iDE has made an impact in the lives of more than 35 millionpeople, providing access to markets, boosting incomes and improving wellbeing. By listening to everystakeholder—producers, suppliers, retailers and customers—iDE designs programs that overcome criticalbottlenecks and develop lasting solutions. We employ over 1,300 staff globally, 96 percent of whom arenationals or field based. Our 2022 budget of $36.9 million includes funding from nearly 40 institutionaldonors, including USAID, SIDA, GAC, UNICEF, DFAT, MFAT, EU, and SDC. Key Responsibilities/Tasks SUMMARY: The Director, Technical Accounting & USG Compliance is responsible for technicalaccounting and overall compliance with US grant and contract accounting. This includes preparation ofrequired US federal financial reporting, fund requests, submission of indirect cost rates and developingstrong controls for sub-grant and sub-contract selection and oversight, including support to GlobalFinance and Global Operations team members. This position is responsible for leading compliance ontechnical accounting requirements and implementation of new US GAAP accounting standards. The DTAalso provides oversight over centralized accounting procedures to ensure consistency across iDE onprocesses such as fixed asset management, leases and bank reconciliations and supports the Controllerto ensure timely and accurate monthly financial reporting. ESSENTIAL DUTIES AND RESPONSIBILITIES Under the supervision of the iDE Controller, the Director, Technical Accounting & USG Complianceperforms the following primary responsibilities:● Ensure timely and accurate US Federal Financial Reporting. Prepare and submit quarterlyfilings including required financial reporting to prime contractors. Develop the Schedule ofExpenditures of Federal Awards required by Uniform Guidance. Initiate all funding requeststo ensure availability of cash flow for active US federal grants. Verify timely receipt offunding and follow-up as necessary to ensure collection.● Single Audit - Coordinate iDE’s global single audit ensuring compliance with federal statutes,regulations and the terms and conditions of federal awards applicable to iDE federalprograms in order to achieve a timely and accurate audit. This must be carefully plannedwith iDE’s Controller and Regional Finance Directors/Managers in light of other grant auditsand the iDE global audit to set realistic and achievable deadlines and balance the impact oniDE’s country finance team. Review country office responses for accuracy andcompleteness with respect to all audit requests.● NICRA submissions – develop policies and procedures to ensure accurate classification ofcosts for iDE to be able to develop proper indirect cost rates in accordance with title 2 of theCode of Federal Regulations Part 200 (2 CFR 200), titled “Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards”. Submitrequired details to support iDE indirect cost rates and obtain approval by due dates.● USAID sub-recipient financial compliance – Ensure proper due diligence is applied in thereview and selection of any sub-recipients. Review financial reporting from sub-recipients foraccuracy and completeness to support overall compliance. Submit required Federal FundAccountability and Transparency Act (FFATA) data for the Subaward Reporting System(FSRS) to report subaward and executive compensation data regarding first-tier subawardsto meet the FFATA reporting requirements.● Review iDE US federal grant procurements for compliance with financial policy. Providesenior financial oversight for project procurement responsibilities including the managementof supplier contracts.● Develop iDE financial policies and procedures for VP Finance and CEO review. Lead effortsto align existing financial policies and procedures across iDE country offices in collaborationwith Regional Finance Directors. Financial policies and procedures must be clearly writtenand must be compliant with US Generally Accepted Accounting Principles (GAAP). Countryfinancial policies and procedures may require specific GAAP differences to support statutoryrequirements. Policies and procedures should result in strong internal controls but shouldavoid complexities and be designed to facilitate operations.● Fixed asset accounting in NetSuite – Provide overall control to ensure accurate accountingfor fixed assets in accordance with US GAAP. Ensure any new asset purchases are properlyactivated in the NetSuite Fixed Asset module and run monthly depreciation. This includesproviding oversight on all fixed assets acquired using grant funds (a “sponsoring entity”) todetermine proper accounting treatment and tracking of the asset in the event it needs to bereturned to the sponsoring entity at the end of the grant period.● Ensure compliance with US GAAP by leading implementation of new technical accountingrequirements and changes in GAAP. Communicate changes, update financial policies andprocedures to reflect the changes and provide training to ensure full adoption of new GAAP.● Provide second level review of revenue recognition determinations and documentation fornew iDE grant awards in accordance with Financial Accounting Standards Board (FASB)Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers(Topic 606). Determine and document whether revenue should be classified as restricted orunrestricted and whether the revenue recognition is conditional or unconditional along withthe basis for timing of recognition (upon award or based on cost incurred or milestones).● Lead implementation and ongoing accounting for iDE operating leases in accordance withASC 842 to ensure that all leases, other than short-term leases, are properly recorded on thebalance sheet as a “right-of-use” asset (ROU) along with the corresponding lease liability asa non-debt liability. Ensure that supporting details are maintained for all leases and thatlease expense is properly recorded.● Review monthly consolidated iDE financial close to verify completion of procedures such asactivation of new fixed assets, documentation, and accounting for new leases andcompletion of all bank reconciliations. Coordinate with Regional Finance Directors/Managersto follow-up to ensure timely and accurate completion.● Develop documentation to support accounting and donor reporting for any gifts-in kind andcost share arrangements.● Participate in the development of annual budgets and quarterly financial forecasts. OTHER DUTIES AND RESPONSIBILITIES ● Performs and documents complex financial analyses.● Assists in ensuring internal control procedures are followed.● Assists with the annual budget and external audit processes.● Contributes to the HQ Finance department’s periodic planning process by reviewing budgetsfor USAID grants for accuracy and consistency● Cross trained on accounts payable, cash disbursements, cash receipts processes, and otherHQ finance functions to provide support, as needed.● Performs other duties as required. GENERAL REQUIREMENTS To perform this job successfully, an individual must be able to perform each essential dutysatisfactorily. The requirements listed below are representative of the knowledge, skill, and/or abilityrequired. Reasonable accommodations may be made to enable individuals with disabilities toperform the essential functions.● Bachelor’s degree in Accounting, Business or Finance required with Accounting degreestrongly preferred. CPA, CA, or CMA license or candidacy strongly preferred;● Minimum 4 years (7+ years preferred) of progressive responsibility and directly relevantexperience accounting for USAID grants or sub-grants and/or the award and administrationof subcontracts, preferably on USAID-funded projects. Experience developing indirect costrate submissions to obtain approval for a Negotiated Indirect Cost Rate Agreement (NICRA)preferred;● Strong knowledge of USAID contract management and grants management policies andprocedures; including a knowledge of allowable and unallowable costs;● Ability to build the capacity of international colleagues to understand USAID’s rules andregulations and new US GAAP accounting standards through development of clear financialpolicy and training;● Experience in cloud-based ERP systems such as Oracle NetSuite or a similar financialsystem is required. Strong knowledge of Microsoft Office Suite with a high degree ofproficiency in Excel preferred;● Good oral and written English and communication skills;● Ability to travel to iDE’s global country programs and project sites as needed, up to 20%.● Intermediate knowledge of international non-profit accounting practices, includingmulti-currency accounting, budgets, and financial reporting;● Effective time management skills, self- motivated, critical attention to detail and deadlines,able to work independently;● Excellent interpersonal skills necessary to work effectively with persons on all levels bothinside and outside iDE;● Availability and willingness to interact with team members in other time zones as needed;● Personal qualities of integrity, credibility, and a commitment to iDE’s mission. Diversity Statement: iDE takes pride in our talented and diverse workforce. Minorities, women, and individuals withdisabilities are encouraged to apply. Hiring, promotion, and compensation of employees areconducted without regard to race, color, religion, gender, gender identity or expression, sexualorientation, national origin, genetics, disability, or age.
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More About this Listing: Director, Technical Accounting & USG Compliance
Director, Technical Accounting & USG Compliance is a Accounting & Finance Accountant Job at I2i Workforce located in Denver CO. Find other listings like Director, Technical Accounting & USG Compliance by searching Oodle for Accounting & Finance Accountant Jobs.
Director, Technical Accounting & USG Compliance is a Accounting & Finance Accountant Job at I2i Workforce located in Denver CO. Find other listings like Director, Technical Accounting & USG Compliance by searching Oodle for Accounting & Finance Accountant Jobs.