Funding Accountant

LifeWorks of Austin, TX is looking for a Funding Accountant to join our Finance team!

The Funding Accountant is responsible for the accurate and timely accounting, monitoring, reconciliation, and reporting of the Agency’s funding sources, with primary responsibility for grants, contracts, restricted funding, and related program activity. The position processes financial transactions within the general ledger, applies generally accepted accounting principles (GAAP), and follows Agency policies, funder requirements, and applicable regulations. The Funding Accountant prepares required fiscal reports and reimbursement requests, monitors funding activity and available balances, supports revenue and expenditure forecasting, and performs assigned audit support. This position works professionally and collaboratively with coworkers, supervisors, program staff, funders, and external partners while achieving performance expectations and maintaining a positive work environment.

This full time, exempt position earns a competitive rate ranging from $62,245 - $84,112 depending upon experience. Benefits are also included, which consist of 24 PTO days per year (accrued); 11 paid holidays per year; a premium-free employee medical plan with $100 per month HSA contribution (plus other affordable employee or family medical, dental, and vision options!); a retirement savings plan with 50% match on the first 6% of contributions, and much more!

RESPONSIBILITIES

• Manages the accounting and reconciliation of assigned funding sources, including grants, contracts, restricted awards, contributions, and other program funding.
• Prepares and reviews reimbursement requests, draw requests, expenditure reports, invoices, and other fiscal documentation in accordance with funding terms and established timelines.
• Monitors funding revenue, expenditures, receivables, deferred revenue, and available balances; researches and resolves discrepancies and outstanding items.
• Monitors accounts receivable associated with assigned funding sources and follows up on outstanding balances and discrepancies.
• Analyzes funding activity and prepares monthly reconciliations, schedules, and journal entries to support an accurate and timely month-end close.
• Applies GAAP and Agency policies when evaluating revenue recognition, receivables, restrictions, and other accounting matters related to assigned funding sources.
• Maintains current knowledge of assigned grant and contract requirements, billing provisions, reporting requirements, allowable costs, funding restrictions, and applicable regulations.
• Prepares required fiscal reports for funders and other external parties and submits them by established due dates.
• Monitors grant and contract spending and funding utilization; analyzes revenue and expenditures and communicates significant variances, funding risks, and spending concerns to the supervisor.
• Works closely with the Director of Finance, Grants & Contracts Compliance, and other applicable staff regarding funding requirements, budgets, billing, financial reporting, and grant or contract activity.
• Reviews employee expense reports, program in-kind activity, and supporting documentation when relevant to assigned funding sources.
• Reviews financial activity charged to assigned funding sources for accuracy, appropriate documentation, funding eligibility, and proper coding.
• Reviews program-related expenses and allocates costs as needed to meet funding requirements.
• Maintains organized and complete grant, contract, reimbursement, receivable, fiscal-reporting, and supporting documentation files.
• Develop standard and ad hoc financial reports using NetSuite and Microsoft Office products.
• Maintains confidentiality regarding client and staff information and fiscal decisions.
• Other duties as assigned.

QUALIFICATIONS

EDUCATION AND EXPERIENCE

• Required Bachelor’s Degree in Accounting or Finance, or related field with a minimum of 3+ years of accounting experience (preferably in a non-profit organizatio); or
• Associate Degree with 5+ years’ experience within a non-profit organization or
• Equivalent combination of education and experience.
• Knowledge of GAAP, revenue recognition, accounts receivable, and federal or other restricted funding requirements.
• Knowledge of computerized accounting systems, preferably Oracle NetSuite, and experience with billing, cash receipts, reconciliations, and financial reporting.
• Proficient-level experience with Microsoft Office, including Word, Excel, and Outlook.

CORE COMPETENCIES AND SKILLS

• Client Focus - Builds transformational relationships with clients and delivers mission-centered solutions. 
• Collaborates and Adapts - Builds partnerships and works collaboratively with others to meet shared objectives and fulfill our mission; adapts one’s approach and demeanor to meet the shifting demands of different situations. 
• Honors Differences - Embraces different perspectives, cultures, and backgrounds by being open to others’ opinions, ideas, and experiences; develops an inclusive culture that creates solutions to meet the needs of our clients. 
• Nimble Learning - Actively learns from successes, failures, and others’ experiences, and shows a willingness to pivot and try new things.
• Builds Trust - Gains the confidence and trust of others through integrity, dependability, and authenticity.
• Action Oriented - Takes initiative, shows resourcefulness, and directs focus and energy on mission-critical opportunities, challenges, and changes. 

ABOUT LIFEWORKS
With more than 50 years of experience working with youth experiencing homelessness, youth aging out of foster care, young adults, and young parents, LifeWorks is committed to solving youth homelessness through housing, mental health, education, and workforce services. Our vision is a Central Texas where every young person has a place to call home, a sense of belonging, and the support to pursue a life they love.  

We provide a full range of support services for vulnerable youth, ensuring that every young person has access to a safe home, the chance to heal, and opportunities to learn and work. Through innovative problem-solving, shared accountability, and evidence-based solutions, we are relentless in achieving real, sustainable, and measurable results for the clients we serve.  

A career at LifeWorks offers opportunities to grow professionally while making an immediate, lasting impact on the lives of youth and families in our community. Join us in building a future where every young person has the stability and support to thrive.