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Research Accountant 1

Research Accountant 1
Job Family: Finance
Job Series: Research Accountant
Job Code: 4471
Grade: G
Exemption: Exempt – 1 Year Fixed Term

Schedule: Full-time
Note: Not all unique aspects of the job are covered by this job description
Stanford University has changed the world, over and over again. We are one of Silicon Valley’s largest employers – and also one of the most unique. Our mission is to educate future leaders and promote interdisciplinary, world-class research and teaching. This passion makes Stanford an intensely creative, rewarding, and challenging place to work. At the same time, our traditions of respect and collaboration sustain a humane, supportive environment in which to pursue your life and your career.
Research—the creation of new knowledge—is key to Stanford’s educational mission. Stanford research has led to breakthrough remedies, devices, tools, and concepts, as well as 25 Nobel prizes for Stanford faculty. Among the inventions and discoveries that have resulted from Stanford research are MRI technology, DNA cloning, the Pill, heart transplantation, and digital music.
The Office of Research Administration (ORA), manages the administrative processes related to the entire lifecycle of sponsored research from proposal submission through award closeout. ORA submits nearly 3,300 new proposals annually and manages more than 5,500 active sponsored projects.

JOB PURPOSE

Reporting to the Manager, 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 researching and identifying payments received, batching and applying payments 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 now 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, including Billing, Collections, various Departments, and Sponsors.

CORE DUTIES*
  • 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.
  • 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 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.
  • Perform month end reconciliations between Sponsored Receivables Management (SRM) and Stanford’s Cash Management office and bank reconciliations for review by the Accounting Manager and approval by Associate Director.
  • 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.
  • Download the payments received from Wells Fargo daily.
  • – Other duties may also be assigned

MINIMUM REQUIREMENTS

Education & Experience:
Four year college degree and three years of relevant experience or combination of education and relevant experience.

Knowledge, Skills and Abilities:
  • Good knowledge of contract and grant procedures and ability to apply the accounting practices.
  • Good accounting concepts and analysis of accounting transactions.
  • Thorough understanding of key attributes in Oracle or similar Accounting System and its impact on reporting, billing, and recovering costs.
  • Knowledge of Stanford research administration processes particularly post award research administration.*
  • Experienced with OMB Uniform Guidance and Circulars A-21, A-110, A-133, Cost Accounting Standard (CAS), GAAP.
  • Strong working knowledge of Excel.
  • Experienced with Oracle/Stanford systems.*
  • Ability to independently diagnose and solve problems using sound judgment and decision-making abilities.
  • Skilled to independently analyze accounting transactions and ability to reconcile financial information.
  • Strong customer service skills. Working collaboratively with different process partners.
  • Ability to communicate effectively orally and in writing.

Certifications and Licenses:
None
  • – Preferred but not required

PHYSICAL REQUIREMENTS*:
  • 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.

WORKING CONDITIONS:
  • May have occasional extended or weekend work hours during peak business cycles.
WORK STANDARDS:
  • 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.
We are not able to provide sponsorship or relocation for this position.
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.

  • 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 the job.
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