Published: Apr 26, 2025 – The Grants Accountant assists in preparing grant budgets, revising financial plans, monitoring expenditures, and maintaining compliance with grant requirements. This position reviews financial data, identifies discrepancies through analysis and research, and prepares detailed reports for internal and external stakeholders. This role supports grant administration by maintaining financial records, participating in meetings, and ensuring timely submission of all required reports.

An Introduction to Professional Skills and Functions for Grants Accountant with a Cover Letter
1. Details for Grants Accountant Cover Letter
- Assume the primary role of financial and compliance grants accounting
- Responsible for the post-award accounting functions for grants in accordance with federal/state regulations, generally accepted accounting principles and College policies/guidelines.
- Reading and thoroughly understanding the nature, regulations and expected outcome of each grant.
- Reconciles all activity for each grant in the general ledger, which includes monitoring and tracking expenditures (including payroll) and revenue, and invoicing the agencies in a timely manner.
- Ensures that the correct indirect cost rate and fringe benefit rates are being utilized and expenses are allocated to the correct expense code.
- Meets with the grant's supervisor and project managers when a grant is awarded to review responsibilities for grant monitoring and reporting.
- Maintains sensitive due dates for requirements corresponding to each grant.
- Initiates quarterly meetings with project managers to monitor progress and closing meetings at the conclusion of a grant.
- Reviews grant internal-line item budgets to ensure accuracy in calculations, reasonableness, financial viability and compliance with College and sponsoring agency guidelines.
- Prepares and enters journal entries in the College's Banner Finance module and necessary transactions in the MMARS and LCM systems.
- Prepares ad hoc, monthly, quarterly and/or annual financial reports
- Collects and maintains all files in electronic format for all documents related to each grant.
- Assist in the preparation of the annual A-133 audit support and provide supporting documentation to external auditors.
Skills: Financial Grants Accounting, Compliance Oversight, Grant Fund Reconciliation, Budget Accuracy, Cost Allocation, Report Preparation, Audit Support, Document Management
2. Roles for Grants Accountant Cover Letter
- Reconcile and analyze various expenses for allowability
- Maintain running budget balances for each grant
- Responsible for preparing reimbursement packages for the grant within specified deadlines
- Responsible for the preparation of journal entries for review by the Controller
- Performs monthly reconciliations of balance sheet accounts
- Analyses actual-to-budget variances and obtains explanations from the field offices
- Responsible for the preparation of audit schedules for external auditors, and other reports for analysis by management
- Monitors approved expense line items for individual grants and advises management of potential reallocations
- Performs grant closeout functions by the Grants and Contract Administration
- Prepares special studies and analyses forthe Controller
- Maintain, review and update procedures for grant accounting on an annual basis
- Collaborates with Comptroller during year-end close and open to ensure compliance with state requirements as well as Generally Accepted Accounting Principles.
- Attend professional development training, grant administrator consortium meetings and stay abreast of the Federal Office of Management and Budget Uniform Guidance and State agency requirements.
Skills: Expense Reconciliation, Budget Monitoring, Reimbursement Preparation, Journal Entry Preparation, Balance Sheet Reconciliation, Variance Analysis, Audit Schedule Preparation, Grant Closeout Functions
3. Responsibilities for Grants Accountant Cover Letter
- Managing all PPE Loans, compliance and researching other loans that organizations can take part in.
- Lead all PPE Loans, Federal & State Grants, financial management, reporting, audit support, and indirect cost calculations.
- Preparing the general ledger entries, including account and bank reconciliations, and month-end close.
- Process all balance sheet reconciliations, financial analysis and reporting (i.e. grantor funding requests).
- Process all grant accounting, donations and fund accounting received throughout the year.
- Manage and record complex grant and cost reimbursement tracking and facilitate the grant and cost reimbursements with grant managers.
- Provide accounting support in the preparation of program budgets, performing quarterly program revenue and expense forecasts, and explaining budget goals and maximizing the use of grant funds.
- Maintains compliance with company policies, identifies gaps in internal controls, and promotes understanding of safeguarding assets and stewardship of funds.
- Execute reporting and compliance review for government contracts for the Division.
- Monitor to ensure all staff with contract billing responsibilities are trained properly, specifically related to billing, reporting and financial compliance.
- Provide administrative and other support to the finance department relative to government funding, including applications, billing, budgets, reports, audits and close-outs.
- Prepare projections and forecasts for each grant
- Prepares and submits required monthly invoicing to funders
Skills: PPE Loan Management, Grant Financial Management, General Ledger Entries, Balance Sheet Reconciliation, Fund Accounting, Grant Tracking, Budget Support, Compliance Review
4. Accountabilities for Grants Accountant Cover Letter
- Assist in preparing grant budgets and revisions
- Review data, identify errors through analysis, research, and interpretation of data, and provide recommendations to the Chief Financial Officer
- Prepare periodic reports for distribution to outside agencies
- Provide intensive support to the organization regarding problems with all Grant and Contract Projects
- Prepare monthly, quarterly and semi-annual reports required by all federal agencies that show the status of all federal funds
- Maintain all grant contract folders
- Monitors budgets and approves expenditures related to institutional grants, provides analytical and management support for activities related to grants, assures adherence to line item allocations and allowable costs.
- Prepares various complex analytical accounting schedules, projections, reports, and materials for various internal and external agencies and administrators
- Completes and submits financial reports to awarding entities within deadlines
- Shares notices or other updates with grant leadership to ensure effective administration of program.
- Researches and interprets compliance issues for state and federal grant programs
- Participates in grant administration meetings
- Maintains all grant financial records.
Skills: Grant Budgeting, Data Analysis, Report Preparation, Grant Support, Federal Funds Reporting, Compliance Monitoring, Analytical Accounting, Financial Recordkeeping
5. Tasks for Grants Accountant Cover Letter
- Prepare monthly indirect cost allocation, revenue recognition and corresponding journal entries.
- Prepare monthly drawdown and accompanying audit-ready documentation.
- Review and approve cost transfer/reclass journal entries prepared by Grants Administrators for compliance with OMB Uniform Guidance, sponsor requirements.
- Reconcile accounts receivable, revenue and prepare adjusting entries
- Monitor, analyze and reconcile award budget data and expenditures to ensure the following
- Unallowable expenditures are captured correctly.
- Exclusions are appropriately noted and factored in Indirect Cost calculation
- Cost-share is appropriately tracked, and documentation is audit-ready.
- Effort allocations reflected on award expenditure reports adhere to sponsor requirements such as salary caps, and documentation for audit is readily available.
- Support technical details of award setup, administration and close-out by answering questions, researching issues and making recommendations.
- Prepare reports and analyses on the status of awards, financial reports, grant balances and other ad-hoc reporting needs.
- Prepare oversight reports on transaction coding, identify issues, and coordinate corrective action with appropriate offices.
- Prepare audit schedules and reconciliations, including required schedule of drawdown, SEFA, and other schedules to maintain compliance with federal and non-federal sponsors
Skills: Indirect Cost Allocation, Journal Entries, Cost Transfer Review, Account Reconciliation, Award Budget Monitoring, Compliance Tracking, Award Administration, Audit Preparation
What Are the Qualifications and Requirements for Grants Accountant in a Cover Letter?
1. Knowledge And Abilities for Grants Accountant Cover Letter
- Proficient in communication, customer service, internal and external and the ability to manage time.
- Excellent spreadsheet and database skills, MAS200 experience
- Excellent oral and written communication skills.
- Strong analytical and organizational skills.
- Experience in public sector or non-profit accounting or budgeting environment with specific experience in budgeting, auditing, and grants accounting
- Experience providing technical assistance related to government or non-profit grant accounting, to include experience with compliance with federal grant requirements
- Experience and knowledge of Budgeting for Results, CGI Advantage Financial System, and OnBase
- Experience with modern accounting systems and cloud-based
- Knowledge and experience with accounting for grants, contracts, budgeting, and Generally Accepted Accounting Principles (GAAP)
- Experience with government grant administration and accounting practices
- Experience with NYC’s HHS Accelerator and NYC’s VIPS systems
- Ability to multi-task, strong follow-through skills
Qualifications: BA in Accounting with 2 years of Experience
2. Experience and Requirements for Grants Accountant Cover Letter
- Experience in accounting, audit, fiscal controls or financial operations
- Experience using automated accounting systems and Microsoft Office software products
- Experience with federal grants or contracts.
- Knowledge of Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) requirements
- Knowledge of large automated accounting systems such as the Uniform Statewide Accounting System (USAS), Oracle or similar systems
- Knowledge of report writing techniques
- Knowledge of grants and contracts
- Skill in reconciling and analyzing financial data
- Skill in effective verbal and written communication
- Skill in communicating findings and recommendations
- Skill in using MS Word, Excel and Outlook
- Skill in composing clear and concise procedures and recommendations
Qualifications: BS in Finance with 3 years of Experience
3. Skills, Knowledge, and Experience for Grants Accountant Cover Letter
- Skill in meeting deadlines
- Skill in managing several projects simultaneously
- Skill in establishing and maintaining effective work relationships with co-workers and work-related contacts
- Ability to interpret and apply federal regulations
- Ability to work in a dependable, organized, ethical and productive manner
- Ability to maintain flexibility and work with frequent interruptions and multiple changing priorities
- Ability to work independently with little or no supervision
- Ability to conduct work activities in accordance with the TPWD safety program.
- Knowledge of generally accepted accounting principles and grants accounting processes, procedures and financial controls for a not-for-profit organization
- Knowledge and familiarity with OMB Circulars and Federal compliance standards pertinent to grants and contracts accounting
- Knowledge of financial analysis techniques and skills (utilizing Excel spreadsheets and databases)
- Ability to manage and understand data, including various grant and contract-related data
- Ability to communicate effectively with process stakeholders
Qualifications: BA in Business Administration with 2 years of Experience
4. Requirements and Experience for Grants Accountant Cover Letter
- Experience in project financial management.
- Experience in giving training in accounting for non-accounting people, and in building financial procedures
- Ability to work independently, as well as in a team.
- Ábility to write clear and concise reports, both in Amharic and English
- Good spoken and written English.
- Good command of computer software packages e.g. Word and Excel.
- Ability to learn new software packages to adapt to the real project finance management needs.
- Proficient in the use of accounting systems, spreadsheets, database programs, and on-line resources
- Ability to communicate effectively with members of other departments and meet regular and multiple deadlines
- Able to work in partnership with other staff members to complete projects
- Strong knowledge of accounting software, Blackbaud’s Financial Edge
- Advanced knowledge of Excel including using formulas, pivot tables, and VLOOKUP
Qualifications: BS in Economics with 3 years of Experience
5. Education and Experience for Grants Accountant Cover Letter
- Ability to administer grant compliance and reporting requirements.
- Familiarity with regulations applied to Federal grants.
- Strong analytical, technical, interpersonal, and organizational skills.
- Ability to think and work independently as well as part of a team.
- Experience in non-profit fund accounting
- Experience with accounting of compliance for federal programs
- Competent in Microsoft Office applications and ability to learn and use computer software
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
- Skillfully builds constructive working relationships characterized by a high level of acceptance, cooperation and mutual respect.
- Ability and desire to work cooperatively with others on a team.
- Skillfully provides constructive feedback to the team and its members, and provides such feedback in a manner that is consistent with the type of communication outlined in this
Qualifications: BA in Public Administration with 2 years of Experience