Senior Billing Accountant
Senior Billing Accountant
Posted on :
28-06-2025
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1 Vacancy
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Job Description
General information
Location
Cambridge MA
Ref #
42527
Job Family
Finance
Date published
26-Jun-2025
Time Type
Full time
Description & Requirements
About The Broad Institute
The Broad Institute is a remarkable institution - we apply our deep knowledge of human genetics to empower a revolution in biomedicine and accelerate the pace at which the world conquers disease. Through our partnerships with MIT Harvard and the Harvard teaching hospitals weve become a worldwide hub for genomic medicine.
In this position You will gain invaluable experience: Exposure to some of the sharpest minds within the scientific and administrative community You can make a difference: Opportunity to assist in the implementation of process improvements to the existing grant billing process and post award activities. Also highly involved in the implementation of a new financial system (Oracle Cloud) that will assist in streamlining existing billing and invoicing activities.
You will be an integral member of a collaborative team: You will work in close collaboration with members of the Controllers Office the Office of Sponsored Research Enterprise Systems as well as others within the organization. The Broad has experienced tremendous growth over recent years and as a result it is increasingly necessary to improve the efficiency and effectiveness of key business processes. You will have the opportunity to work closely with key process owners within the Controllers Office (including Payroll AP AR and Financial Reporting) and across Finance to propose and implement new ways of doing business.
Key Responsibilities
- Sponsored Billing and Invoicing
- Work closely with the Office of Sponsored Research to ensure timely and accurate set-up and invoicing of awards.
- Lead monthly sponsored research billing activities in accordance with award agreement terms and conditions (i.e. billing based on milestones periodic payment schedules or as costs are incurred).
- Prepare interim and final sponsored research invoices and submit in accordance with sponsor requirements which may include detailed expenditure reports time and effort reports or other special reporting requests.
- Identify propose and implement potential improvements to billing and invoicing processes.
- Sponsored Award Accounts Receivable Monitoring
- Monitor accounts receivable and advance payment balances apply payments to invoices and assist with collection of outstanding receivables.
- Escalate issues encountered when attempting to collect outstanding receivable balances in a timely manner. Investigate and resolve unidentified sponsor payments in a timely manner.
- Sponsored Award Maintenance and Support Support completion of accurate federal financial reports prior to external deadlines in accordance with federal regulations.
- Manually calculate and prepare journal entries for adjustments to facilities and administration charges on awards where applicable.
- Work collaboratively with the Office of Sponsored Research during the award closeout process to ensure adherence to sponsor requirements and prepare final reporting deliverables.
- Provide support for the fiscal year-end external audits as it relates to grants and contracts.
- Participate in key areas of the month-end close process including account reconciliations and preparation of journal entries in accordance with GAAP and Institute policy.
- As necessary assist with bi-weekly federal letter of credit drawdowns.
- Requirements Bachelors Degree in Accounting or related field Minimum 5 years of billing and invoicing experience preferably in a not for profit sponsored research organization Knowledge of GAAP and general internal controls
- Proficient with Microsoft Excel and Google Apps Experience with ERP software packages; Oracle Cloud a plus
- Excellent time management and organizational skills
- Demonstrated ability to identify and implement process improvements.
- Effective communication and interpersonal skills Attention to detail ability to work independently and desire to work in a fast-paced and challenging environment
Required Experience:
Senior IC
Employment Type
Full Time
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