Financial Consulting Senior Associate - Finance as a Service

Overview

Senior Associate in Grant Accounting for a not-for-profit client, handling award set-up, grant transaction processing, funder reporting and billing, compliance monitoring and audit support from India.

What you'll do

• Set up and maintain awards in the client's system, including award terms, period of performance, budget lines, funder codes, restriction classification and billing basis.
• Process grant-coded transactions: allocations of payroll, fringe and shared costs; grant-specific AP/AR; journal entries; cost transfers with documented justification; and monthly reconciliation of grant receivables, deferred revenue and net asset balances.
• Prepare funder financial reports and invoices across federal, state, local, foundation and corporate templates.
• Prepare drawdown and reimbursement requests through the applicable funder portals and reconcile them to the general ledger.
• Test costs against the allowable, allocable and reasonable standard, monitor budget versus actual by line, flag over-runs, expiring funds and unallowable costs, and track prior-approval and budget-modification triggers.
• Apply the client's negotiated or de minimis indirect cost rate, calculate the applicable cost base correctly, and reconcile recovered indirect costs each period.
• Support subrecipient monitoring, including invoice review, eligibility and exclusion checks, risk assessment documentation and the related transparency filings.
• Prepare grant-related audit schedules and supporting documentation, respond to auditor queries, and support annual regulatory and information-return filings.
• Act as the India-side point of contact for client programme managers, development and fundraising teams, HR-payroll and the US engagement team, chasing documentation, resolving coding queries, running status calls and escalating early.
• Maintain grant trackers, close checklists and desktop procedures; identify automation and standardisation opportunities; review the work of Associates and support their on-the-job training.

What you'll need

• CA / CPA / CMA / MBA (Finance) or B.Com with equivalent depth.
• 4–7 years in accounting, of which at least 2–3 years must be in a not-for-profit environment.
• Not-for-profit experience is essential; it may have been gained with Indian or US organisations.
• Working command of U.S. GAAP for Not-for-Profit entities (ASC 958), including donor-restricted and without-donor-restriction net assets.
• Working command of contribution and grant accounting (ASU 2018-08), contributed nonfinancial assets (ASU 2020-07), and ASC 606 revenue recognition.
• Experience with grant cost allocation methodologies and time-and-effort / payroll certification requirements.
• Fund accounting proficiency in at least one platform: Sage Intacct, Blackbaud Financial Edge NXT, MIP Fund Accounting, NetSuite or Workday.
• Advanced Excel (pivots, lookups, large-file reconciliation).
• Clear written and spoken English, comfortable holding independent conversations with US-based client stakeholders.
• Willingness to work the 2:00 PM – 11:00 PM IST shift on a sustained basis, with flexibility during month-end, funder deadlines and audit season.

Nice to have

• Experience supporting US-based clients or stakeholders from an offshore or shared-services location.
• Familiarity with grants management tools and reporting/automation tools (Power BI, Alteryx, Power Query).
• Exposure to grant proposal budgeting, award close-out and carryforward analysis.

Details

• Shift: 2:00 PM – 11:00 PM IST, sustained, with flexibility during month-end, funder deadlines and audit season.
• Location: Gurugram.