Job Description
Fahrenheit Advisors has been retained to assist our client, The Virginia Innovation Partnership Corporation (VIPC), in their search for a Senior Accountant to join their team. This role will be based in either Richmond or Northern Virginia (some remote work available).
COMPANY OVERVIEW: The Virginia Innovation Partnership Corporation (VIPC) accelerates early commercialization & funding support for Virginia innovations, entrepreneurs, startups & market development initiatives. VIPC concentrates on the early commercialization and seed funding stages of innovation, helping innovators and tech entrepreneurs launch and grow new companies, create high- paying jobs, and accelerate economic growth throughout the entire Commonwealth of Virginia.
POSITION OVERVIEW: The Senior Accountant will report directly to VIPC’s Controller and provide senior-level accounting services in support of the overall Accounting Division of the organization.
RESPONSIBILITIES:
• Perform monthly & quarterly closing procedures. This includes preparing General Ledger entries, updating lead schedules and tracking workbooks, reconciling bank accounts, trial balance verification, fringe, overhead, G&A, and indirect allocation reconciliations, fund balance reconciliations, and other appropriate schedules as required.
• Prepare Accounts Receivable invoices monthly, which includes preparing customer invoices and recording invoices on the Dynamics SL AR module. Preparing customer invoices includes monitoring labor and subcontractor costs and ensuring that invoices are billed according to contractual requirements. Manage and track receipt of payments, including any necessary inquiries with customers. Apply cash receipts in the AR module.
• Cash management. Daily monitoring of cash transaction activity. Coordination with the Accounts Payable Manager & Investment team for upcoming cash requirements.
• Produce draft financial statements and analysis for quarterly Board of Directors meetings in a timely and accurate manner. This includes various project accounting and management reports.
• Prepare draft annual and quarterly reports to the Commonwealth’s General Assembly and Department of Planning and Budget by legislated deadlines.
• Review Policies & Procedures annually, updating or implementing internal controls as necessary.
• Provide information requested during the annual audit conducted by the state auditor. Provide all financial statement information, lead schedules, reconciliations, explanations, and other information requested by the auditors.
• Work closely with the Information Technology staff in the maintenance and upgrade of the Microsoft Dynamics SL accounting system including MRx Reporter. This includes identification of problems, troubleshooting, and resolution of issues.
• Contribute to the continued improvement of accounting systems and procedures that will enhance the quality, timeliness, and availability of financial information. Identify areas that need improvement, develop and implement solutions, and document procedures.
• Maintain indirect rates in Dynamics SL to be applied to the General Ledger, prepare monthly reconciliations, and resolve discrepancies as they arise. Assist Controller with annual indirect rate proposals required for federally approved indirect cost rates. Manage audits associated with federal awards and annual indirect rate submissions.
• Special projects as required.
BACKGROUND AND QUALIFICATIONS:
• B.S. in Accounting, with a minimum of 4-6 years of experience required as well as experience with government grant and contract administration (preferred).
• Experience working for a non-profit organization (preferred)
• Strong financial reporting and auditing experience required.
• Experience with Microsoft Dynamics SL (preferred)
• Proficiency with MS Office Suite tools including Excel required
• Strong analytical and communication skills.
COMPANY OVERVIEW: The Virginia Innovation Partnership Corporation (VIPC) accelerates early commercialization & funding support for Virginia innovations, entrepreneurs, startups & market development initiatives. VIPC concentrates on the early commercialization and seed funding stages of innovation, helping innovators and tech entrepreneurs launch and grow new companies, create high- paying jobs, and accelerate economic growth throughout the entire Commonwealth of Virginia.
POSITION OVERVIEW: The Senior Accountant will report directly to VIPC’s Controller and provide senior-level accounting services in support of the overall Accounting Division of the organization.
RESPONSIBILITIES:
• Perform monthly & quarterly closing procedures. This includes preparing General Ledger entries, updating lead schedules and tracking workbooks, reconciling bank accounts, trial balance verification, fringe, overhead, G&A, and indirect allocation reconciliations, fund balance reconciliations, and other appropriate schedules as required.
• Prepare Accounts Receivable invoices monthly, which includes preparing customer invoices and recording invoices on the Dynamics SL AR module. Preparing customer invoices includes monitoring labor and subcontractor costs and ensuring that invoices are billed according to contractual requirements. Manage and track receipt of payments, including any necessary inquiries with customers. Apply cash receipts in the AR module.
• Cash management. Daily monitoring of cash transaction activity. Coordination with the Accounts Payable Manager & Investment team for upcoming cash requirements.
• Produce draft financial statements and analysis for quarterly Board of Directors meetings in a timely and accurate manner. This includes various project accounting and management reports.
• Prepare draft annual and quarterly reports to the Commonwealth’s General Assembly and Department of Planning and Budget by legislated deadlines.
• Review Policies & Procedures annually, updating or implementing internal controls as necessary.
• Provide information requested during the annual audit conducted by the state auditor. Provide all financial statement information, lead schedules, reconciliations, explanations, and other information requested by the auditors.
• Work closely with the Information Technology staff in the maintenance and upgrade of the Microsoft Dynamics SL accounting system including MRx Reporter. This includes identification of problems, troubleshooting, and resolution of issues.
• Contribute to the continued improvement of accounting systems and procedures that will enhance the quality, timeliness, and availability of financial information. Identify areas that need improvement, develop and implement solutions, and document procedures.
• Maintain indirect rates in Dynamics SL to be applied to the General Ledger, prepare monthly reconciliations, and resolve discrepancies as they arise. Assist Controller with annual indirect rate proposals required for federally approved indirect cost rates. Manage audits associated with federal awards and annual indirect rate submissions.
• Special projects as required.
BACKGROUND AND QUALIFICATIONS:
• B.S. in Accounting, with a minimum of 4-6 years of experience required as well as experience with government grant and contract administration (preferred).
• Experience working for a non-profit organization (preferred)
• Strong financial reporting and auditing experience required.
• Experience with Microsoft Dynamics SL (preferred)
• Proficiency with MS Office Suite tools including Excel required
• Strong analytical and communication skills.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Richmond offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
