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Grants/Contracts Accountant (Entry Level)

The position is responsible for preparing required financial statements and fiscal reports on grants and contracts for the University currently totaling more than $100 million.

Date Posted

August 02, 2021

This position is an unclassified position in the Sponsored Program Accounting division of Accounting Services at LSU. The position is responsible for preparing required financial statements and fiscal reports on grants and contracts for the University currently totaling more than $100 million. Duties involve analyzing and classifying expenditures and interpreting the terms of grants, contracts, and cooperative agreements to determine allowability of expenditures and preparation of invoices to various agencies for reimbursement.

  • 75% Prepares monthly, quarterly, and final invoices and financial reports on various sponsored project accounts. Audits cost sharing and grant expenditures for allowability, allocability, and timeliness. Reviews, interprets, applies state and federal laws and regulations concerning grants and contracts, such as U.S. Office of Management and Budget Uniform Guidance. Calculates monthly draws for several of the University’s letters of credit accounts. Analyzes financial transactions daily to ensure compliance with these laws and regulations. Compiles all inventory, patent, and financial reports for each agreement in accordance with grant, contract, and cooperative agreement documents. Determines proper reporting requirements for grants, contracts, and cooperative agreements, such as special forms, expenditure allowance, travel regulations, closeout procedures, property disposition, and other special regulations.
  • 10% Communicates daily with departmental and agency personnel (including deans, directors, professors, research administrators, and sponsor officials) and provides technical assistance to resolve problems concerning proper University or agency regulations and procedures.
  • 10% Performs other job duties as assigned by the Director.
  • 5% Calculates and journalizes facilities and administrative costs and fringe benefits in accordance with university policy and federally negotiated rates. Journalizes accounts receivable, expenditure transfers, and budget adjustments daily.  Realizes revenue and records expenditures to individual subsidiary accounts.  Enters these transactions online using the General Ledger System (GLS).  Approves departmental accounting entries online using GLS.

Minimum Qualifications

  • Bachelor’s degree in accounting or a closely related field with 24 hours of college accounting.

Physical Qualifications

  • Physical ability and eye-hand coordination necessary to use a computer terminal, calculator, copier, telephone, and other office equipment; ability to sit in the same position for extended periods (3.5 to 4 hours) at a time using continuous hand motions when using a calculator or entering data into the computer system; overtime may be required during the fiscal yearend process.

Additional Job Description Special Instructions:

Posting Date: July 26, 2021

Closing Date (Open Until Filled if No Date Specified): Until filled

Additional Position Information

  • Background Check - An offer of employment is contingent on a satisfactory pre-employment background check.
  • Benefits - LSU offers outstanding benefits to eligible employees and their dependents including health, life, dental, and vision insurance; flexible spending accounts; retirement options; various leave options; paid holidays; wellness benefits; tuition exemption for qualified positions; training and development opportunities; employee discounts; and more!

LSU is an Equal Opportunity Employer: LSU believes diversity, equity, and inclusion enrich the educational experience of our students, faculty, and staff, and are necessary to prepare all people to thrive personally and professionally in a global society. We celebrate diversity and are committed to the principles of diversity and inclusion. We actively seek and encourage qualified applications from persons with diverse backgrounds, cultures and experiences. To learn more about how LSU is committed to diversity and inclusivity, please see LSU’s Diversity Statement and Roadmap. Persons needing accommodations or assistance with the accessibility of materials related to this search are encouraged to contact the Office of Human Resource Management (hr@lsu.edu).

HCM Contact Information Questions or concerns can be directed to the LSU Human Resources Management Office at 225-578-8200 or emailed HR@lsu.edu

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