Senior Billing Accountant

Broad Institute
United States, Massachusetts, Cambridge
Nov 25, 2024
Description & Requirements About The Broad Institute The Broad Institute is a remarkable institution - we apply our deep knowledge of human genetics to empower a revolution in biomedicine and accelerate the pace at which the world conquers disease. Through our partnerships with MIT, Harvard, and the Harvard teaching hospitals, we've become a worldwide hub for genomic medicine. In this position, You will gain invaluable experience: Exposure to some of the sharpest minds within the scientific and administrative community You can make a difference: Opportunity to assist in the implementation of process improvements to the existing grant billing process and post award activities. You will be an integral member of a collaborative team: You will work in close collaboration with members of the Controller's Office, the Office of Sponsored Research, Enterprise Systems, as well as others within the organization. The Broad has experienced tremendous growth over recent years, and as a result it is increasingly necessary to improve the efficiency and effectiveness of key business processes. You will have the opportunity to work closely with key process owners within the Controller's Office (including Payroll, AP, AR, and Financial Reporting) and across Finance to propose and implement new ways of doing business. Key Responsibilities Sponsored Billing and Invoicing. Work closely with the Office of Sponsored Research to ensure timely and accurate set-up and invoicing of awards. Lead monthly sponsored research billing activities in accordance with award agreement terms and conditions (i.e. billing based on milestones, periodic payment schedules or as costs are incurred). Prepare interim and final sponsored research invoices and submit in accordance with sponsor requirements, which may include detailed expenditure reports, time and effort reports or other special reporting requests. Identify, propose and implement potential improvements to billing and invoicing processes. Sponsored Award Accounts Receivable Monitoring. Monitor accounts receivable and advance payment balances, apply payments to invoices, and assist with collection of outstanding receivables. Escalate issues encountered when attempting to collect outstanding receivable balances in a timely manner. Investigate and resolve unidentified sponsor payments in a timely manner. Sponsored Award Maintenance and Support. Support completion of accurate federal financial reports prior to external deadlines in accordance with federal regulations. Manually calculate and prepare journal entries for adjustments to facilities and administration charges on awards, where applicable. Work collaboratively with the Office of Sponsored Research during the award closeout process to ensure adherence to sponsor requirements and prepare final reporting deliverables. Provide support for the fiscal year-end external audits as it relates to grants and contracts. Participate in key areas of the month-end close process, including account reconciliations and preparation of journal entries in accordance with GAAP and Institute policy. As necessary, assist with bi-weekly federal letter of credit drawdowns. Requirements Bachelor's Degree in Accounting or related field. Minimum 5 years of billing and invoicing experience, preferably in a not for profit sponsored research organization. Knowledge of GAAP and general internal controls. Proficient with Microsoft Excel and Google Apps. Experience with ERP software packages; Oracle Cloud a plus. Excellent time management and organizational skills. Demonstrated ability to identify and implement process improvements. Effective communication and interpersonal skills. Attention to detail, ability to work independently, and desire to work in a fast-paced and challenging environment. This is a hybrid position requiring a minimum of two days onsite, with flexibility for additional days as needed. The Broad Institute will not offer visa sponsorship for this opportunity. #LI-Hybrid