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Director, Technical Accounting & USG Compliance

Company: iDE
Location: Denver
Posted on: May 16, 2022

Job Description:

Job DescriptioniDE 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 dont simply hand out money or supplies. Instead, we believe in powering small-scale entrepreneurs and building robust market ecosystems that are financially competitive, resilient to changing climates, and inclusive of marginalized people. Given access to simple technology, market links and microfinance, iDE has demonstrated that entrepreneurs can lift themselves out of poverty and become change agents in their communities. Founded in 1982, and with operations in 10 developing countries, iDE has made an impact in the lives of more than 35 million people, providing access to markets, boosting incomes and improving wellbeing. By listening to every stakeholderproducers, suppliers, retailers and customersiDE designs programs that overcome critical bottlenecks and develop lasting solutions. We employ over 1,200 staff globally, 96 percent of whom are nationals or field based. Our 2022 budget of $38.5 million includes funding from nearly 40 institutional donors, including USAID, SIDA, GAC, UNICEF, DFAT, MFAT, EU, and SDC.Key Responsibilities/TasksSUMMARY: The Director, Technical Accounting & USG Compliance is responsible for technical accounting and overall compliance with US grant and contract accounting. This includes preparation of required US federal financial reporting, fund requests, submission of indirect cost rates and developing strong controls for sub-grant and sub-contract selection and oversight, including support to Global Finance and Global Operations team members. This position is responsible for leading compliance on technical accounting requirements and implementation of new US GAAP accounting standards. The DTA also provides oversight over centralized accounting procedures to ensure consistency across iDE on processes such as fixed asset management, leases and bank reconciliations and supports the Controller to ensure timely and accurate monthly financial reporting.ESSENTIAL DUTIES AND RESPONSIBILITIESUnder the supervision of the iDE Controller, the Director, Technical Accounting & USG Compliance performs the following primary responsibilities:

  • Ensure timely and accurate US Federal Financial Reporting. Prepare and submit quarterly filings including required financial reporting to prime contractors. Develop the Schedule of Expenditures of Federal Awards required by Uniform Guidance. Initiate all funding requests to ensure availability of cash flow for active US federal grants. Verify timely receipt of funding and follow-up as necessary to ensure collection.
  • Single Audit - Coordinate iDEs global single audit ensuring compliance with federal statutes, regulations and the terms and conditions of federal awards applicable to iDE federal programs in order to achieve a timely and accurate audit. This must be carefully planned with iDEs Controller and Regional Finance Directors/Managers in light of other grant audits and the iDE global audit to set realistic and achievable deadlines and balance the impact on iDEs country finance team. Review country office responses for accuracy and completeness with respect to all audit requests.
  • NICRA submissions develop policies and procedures to ensure accurate classification of costs for iDE to be able to develop proper indirect cost rates in accordance with title 2 of the Code of Federal Regulations Part 200 (2 CFR 200), titled Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Submit required 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 the review and selection of any sub-recipients. Review financial reporting from sub-recipients for accuracy and completeness to support overall compliance. Submit required Federal Fund Accountability and Transparency Act (FFATA) data for the Subaward Reporting System (FSRS) to report subaward and executive compensation data regarding first-tier subawards to meet the FFATA reporting requirements.
  • Review iDE US federal grant procurements for compliance with financial policy. Provide senior financial oversight for project procurement responsibilities including the management of supplier contracts.
  • Develop iDE financial policies and procedures for VP Finance and CEO review. Lead efforts to align existing financial policies and procedures across iDE country offices in collaboration with Regional Finance Directors. Financial policies and procedures must be clearly written and must be compliant with US Generally Accepted Accounting Principles (GAAP). Country financial policies and procedures may require specific GAAP differences to support statutory requirements. Policies and procedures should result in strong internal controls but should avoid complexities and be designed to facilitate operations.
  • Fixed asset accounting in NetSuite Provide overall control to ensure accurate accounting for fixed assets in accordance with US GAAP. Ensure any new asset purchases are properly activated in the NetSuite Fixed Asset module and run monthly depreciation. This includes providing oversight on all fixed assets acquired using grant funds (a sponsoring entity) to determine proper accounting treatment and tracking of the asset in the event it needs to be returned to the sponsoring entity at the end of the grant period.
  • Ensure compliance with US GAAP by leading implementation of new technical accounting requirements and changes in GAAP. Communicate changes, update financial policies and procedures to reflect the changes and provide training to ensure full adoption of new GAAP.
  • Provide second level review of revenue recognition determinations and documentation for new 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 or unrestricted and whether the revenue recognition is conditional or unconditional along with the 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 with ASC 842 to ensure that all leases, other than short-term leases, are properly recorded on the balance sheet as a right-of-use asset (ROU) along with the corresponding lease liability as a non-debt liability. Ensure that supporting details are maintained for all leases and that lease expense is properly recorded.
  • Review monthly consolidated iDE financial close to verify completion of procedures such as activation of new fixed assets, documentation, and accounting for new leases and completion of all bank reconciliations. Coordinate with Regional Finance Directors/Managers to follow-up to ensure timely and accurate completion.
  • Develop documentation to support accounting and donor reporting for any gifts-in kind and cost 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 departments periodic planning process by reviewing budgets for USAID grants for accuracy and consistency
    • Cross trained on accounts payable, cash disbursements, cash receipts processes, and other HQ finance functions to provide support, as needed.
    • Performs other duties as required.RequirementsGENERAL REQUIREMENTSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
      • Bachelors degree in Accounting, Business or Finance required with Accounting degree strongly preferred. CPA, CA, or CMA license or candidacy strongly preferred;
      • Minimum 4 years (7+ years preferred) of progressive responsibility and directly relevant experience accounting for USAID grants or sub-grants and/or the award and administration of subcontracts, preferably on USAID-funded projects. Experience developing indirect cost rate submissions to obtain approval for a Negotiated Indirect Cost Rate Agreement (NICRA) preferred;
      • Strong knowledge of USAID contract management and grants management policies and procedures; including a knowledge of allowable and unallowable costs;
      • Ability to build the capacity of international colleagues to understand USAIDs rules and regulations and new US GAAP accounting standards through development of clear financial policy and training;
      • Experience in cloud-based ERP systems such as Oracle NetSuite or a similar financial system is required. Strong knowledge of Microsoft Office Suite with a high degree of proficiency in Excel preferred;
      • Good oral and written English and communication skills;
      • Ability to travel to iDEs global country programs and project sites as needed, up to 20%.
      • Intermediate knowledge of international non-profit accounting practices, including multi-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 both inside 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 iDEs mission. Diversity Statement:iDE takes pride in our talented and diverse workforce. Minorities, women, and individuals with disabilities are encouraged to apply. Hiring, promotion, and compensation of employees are conducted without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, or age.BenefitsiDE offers a competitive benefits package which includes medical, dental and vision coverage, 403(b) inclusion, short and long-term disability, life insurance and a generous PTO policy.The annual salary range for this position is $75,000 to $95,000.

Keywords: iDE, Denver , Director, Technical Accounting & USG Compliance, Accounting, Auditing , Denver, Colorado

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