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Restricted Funds Accountant

WASHTENAW COMMUNITY COLLEGE

Ann Arbor, MI

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JOB DETAILS
SALARY
$53,924–$59,316 Per Year
SKILLS
Accounting, Accounts Receivable, Artificial Intelligence (AI), Communication Skills, Contract Management, Decision Support, External Audit, Finance, Financial Aid, Financial Control, Financial Management, Financial Services, Financial Systems, Foundation Grants, Fund Accounting, Funding, Grant Administration/Management, Internal Audit, Internet Application, Investment Analysis, Journal Entries, Life Insurance, Maintain Compliance, Microsoft Excel, Microsoft Office, Microsoft Product Family, Microsoft Windows Operating System, Presentation/Verbal Skills, Problem Solving Skills, Process Improvement, Productivity Management, Reconciliation, Regulations, Regulatory Compliance, Reporting Skills, Restricted Funds, Stewardship, System Integration (SI), Time Management, Training/Teaching, Tuition Fees, Tuition Reimbursement, Vision Plan, Writing Skills
LOCATION
Ann Arbor, MI
POSTED
Today
Posting Details

Posting Details (Default Section)

Posting Number:
0603875

Position Title:
Restricted Funds Accountant

Position is:
Regular full-time

Position Type:
Staff Position (Full Time/Part Time)

Department/Ofc.:
Finance

Position Description:

Why Join WCC?

  • An inclusive, welcoming environment for our students, faculty & staff
  • Affordable & Comprehensive Health, Dental, Life & Vision Insurance
  • 4:1 Employer Match for Retirement
  • WCC Tuition paid for you AND your dependents
  • Tuition reimbursement for colleges outside WCC
  • Check our Total Rewards here
This position is currently authorized for a hybrid work schedule after 90 days of hire up to 4 days remote.

Candidate must reside in Michigan or Ohio.

Positions at the college are subject to review to determine eligibility for hybrid work including presence on campus.

Position Summary:

The Restricted Funds Accountant works within the Financial Services Department and interacts with a wide variety of members of the college community. The position will have accounting responsibility for an assigned portfolio of grants and other externally funded projects. This role ensures that all restricted funds are managed in accordance with sponsor intent, applicable regulations, and institutional policies.

Essential Job Duties and Responsibilities:
  • Monitor and manage financial activity for restricted funds; including federal, state, private, and foundation awards.
    Escalate critical issues to management in a timely manner to avoid compliance risks or penalties.
  • Ensure expenditures comply with sponsor terms, institutional policies, and applicable regulations (e.g. Uniform
    Guidance).
  • Review and approve transactions for allowability, allocability, and reasonableness.
  • Prepare reconciliations, journal entries, and adjustments for restricted funds.
  • Prepare reports and monitor receivables for federal, state, and other agencies.
  • Coordinate requests from college management for grant/contract modifications.
  • Research ongoing changes regarding grant compliance.
  • Analyze restricted fund payroll each pay for proper coding:
    • Collaborate with various grant areas to resolve issues.
    • Provide payroll details to the Financial Aid Department for Federal Work Study students.
    • Organize and track Time and Effort reporting documentation.
  • Maintain documentation of grant agreements, budget modifications, and financial transactions.
  • Support internal and external audits, including federal single audits and sponsor-specific reviews.
  • Utilize technology, including AI-enabled tools and software where appropriate, to support the effective performance of assigned duties, enhance productivity, improve communication and information management, support decision-making, and other responsibilities, while ensuring compliance with confidentiality requirements, institutional policies, procedures, and applicable regulations.
  • Other duties as assigned.
Related Duties:
  • Partner with the Office of Grants Development & Management to ensure proper fund stewardship.
  • Assist other restricted funds staff in preparation of reconciliations and reports.
  • Provide training and guidance to faculty and staff on restricted fund policies and procedures.
  • Assist in the development and implementation of process improvements and financial controls.
Minimum Qualifications:

Minimum Required Knowledge, Skills and Abilities:
  • Bachelor's degree in Accounting or Finance and 2 - 4 years full-time successful professional accounting experience OR equivalent education and work experience.
  • Proficiency in the use of Microsoft Office products, Internet applications in a Windows environment, and integrated software systems.
  • Effective oral and written communication skills.
  • Ability to work and solve problems independently and organize workload.
  • Demonstrated commitment to confidentiality and ethical financial practices.
  • Ability to use workplace technology relevant to the position, including the capacity to learn and appropriately leverage emerging AI-supported tools. Ability to assess the accuracy and reliability of AI-generated content, maintain confidentiality, and apply sound judgment and ethical practices in the use of technology.
Preferred Qualifications:

Additional Preferred Qualifications:
  • Grant accounting experience and knowledge of OMB circulars highly preferred.
  • Ability to interpret complex funding agreements and translate them into compliant financial practices.
  • Experience with financial systems (e.g. Banner, Chrome River) and strong Excel skills.


Posting Date:
05/19/2026

Closing Date:

Open Until Filled
Yes

Special Instructions to Applicants:

Our college strives to make a positive difference in people's lives through accessible and excellent educational programs and services.

Washtenaw Community College seeks to recruit and retain a productive workforce as a reflection of our commitment to serve our community and to build on the success of our students, faculty & staff. Washtenaw Community College is committed to creating a welcoming environment.

Washtenaw Community College is an Equal Opportunity Employer.

Salary/Hourly Rate:
$53,924-$59,316

Salary Comments:

Publicly available compensation information can be found: Here

About the Company

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WASHTENAW COMMUNITY COLLEGE

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