Job summary
Research Accountant 1 (Collections)Location: Remote in Redwood City, CATwo-Year Fixed Term Position
Job seniority: entry level
Responsibilities
• Review and interpret legal documents for billing requirements, reporting, and payment terms.• Research and review payments received and apply payments in the financial systems, as requested.• Review aging reports and follow up on the outstanding receivables balances by calling and/or corresponding via email to investigate reasons for delay or rejection of payment.• Work collaboratively with Institutional Representatives, Department Financial Administrators, Billing, Receipts, and Collection Accountants to facilitate the timely and accurate application of funds to the correct awards and compliance with sponsor's requirements and university's policies.• Actively participate in testing of new systems and process improvement and provide feedback.• Work closely with Closeout Accountants during the final award closeout to ensure the payments for outstanding receivables have been applied timely and accurately.• Review account report and ensure the timely payment applications.• Assist with payment applications, when needed.• Respond to collection status inquiries and recommend write-off actions.• Other duties as assigned.
Requirements
• Bachelor's degree and three years of relevant experience or combination of education and relevant experience.• Strong knowledge of contract and grant procedures and ability to apply the accounting practices.• Strong knowledge of principles, concepts, and theories of accounting.• 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, Cost Accounting Standard (CAS), GAAP.• Strong working knowledge of Excel.• Experienced with Oracle and/or Stanford systems.*• Ability to independently diagnose and solve problems using sound judgment and decision-making abilities.• Ability to independently analyze accounting transactions and reconcile financial information.• Strong customer service skills. Work collaboratively with different process partners.• Strong oral and written communication skills.• Able to build positive working relationships with departments, various process partners in the university, and within the organization up/down/side levels.• Act and behave in constructive manner. Be positive. Set a good example for other staff.
Key Skills Needed
• Strong knowledge of contract and grant procedures• Strong knowledge of principles, concepts, and theories of accounting• Thorough understanding of key attributes in Oracle or similar Accounting System• Understanding of OMB Uniform Guidance, Cost Accounting Standard (CAS), GAAP• Strong working knowledge of Excel• Ability to independently diagnose and solve problems using sound judgment and decision-making abilities• Strong customer service skills• Strong oral and written communication skills• Able to build positive working relationships
Benefits
• Competitive pay• Career development programs• Benefits that increase financial stability• Promote healthy, fulfilling lives
