Grant Accountant

at Versant Power in Bangor, Maine, United States

Job Description

Be a part of the team that is transforming the power industry of northern and eastern Maine. 

Versant Power is building on our 100-year history of delivering efficient, safe, and reliable electricity service to customers in northern and eastern Maine. We never lose sight of safety, quality, integrity, and innovation. 

We are committed to our dedicated people, who inspire us every day to deliver something more powerful than power alone. 

POSITION OVERVIEW:

The Grant Accountant will be responsible for managing and ensuring proper use of grant funding in compliance with federal and state laws for publicly-funded programs. This role focuses on overseeing the post-award processes for government awards, with particular expertise in 2 CFR 200 (Uniform Guidance) and Department of Energy (DOE) grant requirements. This position requires communication with all departments to develop and maintain compliant policies, procedures and financial records.  

ESSENTIAL FUNCTIONS:

Grant Compliance Obligations

• Staying current with federal (DOE-specific), state, and other public funding requirements.
• Advising leadership and program staff on changes to regulations, timelines, and policy issues.
• Maintaining detailed and organized records for grant expenditures, reports, and supporting documentation.
• Tracking and recording expenditures in accordance with established budget submissions.
• Applying federal cost principles, including indirect cost allocation, allowable costs, and program income handling, to ensure accurate financial management.
• Processing reimbursements, invoices, and check requests for assigned grants/contracts.
• Coordinating with public funding agency staff to resolve issues throughout the grant lifecycle.
• Maintaining a schedule of reporting/compliance obligations with responsibility for ensuring all deadlines are met.  

Financial Monitoring and Reporting

• Reconciling grant expenditures, ensuring accurate allocation of costs and alignment with federal requirements, including timekeeping and indirect costs.
• Conducting internal reviews of unallowable costs and prevent them from being charged to grants.
• Preparing and submitting timely financial reports, including SF-425, SF-270, and other required documents, ensuring compliance with grant terms and conditions.
• Collaborating with external auditors to support compliance audits and ensure adherence to grant terms.
• Preparing relevant compliance training for employees supporting grant management processes effectively.
• Delivering regular updates to leadership on grant performance, compliance, and any emerging risks.
• Performing month-end close responsibilities:
  
  
  
  1. Ensuring all grant-related general ledger activity is accurate at each month-end by preparing journal entries as necessary,
  2. Processing monthly prepaid and accruals for grant expenditures.
• Applying the principles, concepts, and practices of Generally Accepted Governmental Accounting Standards (GAGAS), Generally Accepted Accounting Principles (GAAP), and Federal Energy Regulatory Commission (FERC) accounting rules to ensure accounting transactions are recorded correctly and financial results are properly reflected in the financial statements.

Other ad hoc reporting, analysis, financial or administrative tasks, as required.