Cost Accountant (Federal Grants)

Overview

This role involves ensuring the integrity of federal grant expenditures by evaluating cost allocation methodologies, validating financial data, and ensuring compliance with 2 CFR Part 200 and client requirements. The position supports financial stewardship across hospitals, universities, tribal governments, and non-profit organizations.

Responsibilities

• Review and analyze Cost Allocation Plans (CAPs) and Indirect Cost Rate Proposals (IDCRPs).
• Validate that costs are allowable, reasonable, properly documented, and compliant with federal grant requirements.
• Reconcile cost data with financial statements, budgets, and supporting records.
• Identify and exclude unallowable costs from calculations.
• Assist in evaluating cost distribution methods across multiple programs.
• Support preparation of financial reports, findings, and recommendations.
• Maintain accurate spreadsheets, tracking tools, and financial records.
• Collaborate with internal teams and external stakeholders, including grant recipients.
• Provide basic guidance on cost allocation and grant compliance.

Requirements

• 3–5 years of experience in accounting, finance, or grants management.
• Hands-on experience with direct and indirect cost allocation.
• Experience working with or supporting grant requests from hospitals, universities, tribal entities, and non-profit organizations.
• Understanding of federal grant regulations, preferably 2 CFR Part 200.
• Knowledge of GAAP and basic cost accounting principles.
• Strong Excel skills, including pivot tables, lookups, data validation, and error-checking.
• Experience with financial systems such as UFMS, PMS, GrantSolutions, or similar.
• Good attention to detail and organizational skills.
• Federal Government experience is mandatory.

Preferred Qualifications

• Familiarity with federal cost principles, internal controls, and risk assessment.
• Experience with federal audits including Single Audit, OIG, and GAO.

Location

Not specified.