Note: The job is a remote job and is open to candidates in USA. K.L. Scott & Associates (KLSA) is a mission-driven management and technology consulting firm that partners with public-sector organizations. They are seeking a Senior Cost Allocation Accountant to ensure the integrity of federal grant expenditures by evaluating cost allocation methodologies and validating financial data.
Responsibilities
- Review and analyze Cost Allocation Plans (CAPs) and Indirect Cost Rate Proposals (IDCRPs)
- Validate that costs are:
- Allowable and reasonable
- Properly documented
- Compliant with federal grant requirements
- Reconcile cost data with financial statements, budgets, and supporting records
- Identify and exclude unallowable costs from calculations
- Assist in evaluating cost distribution methods across multiple programs
- Support preparation of financial reports, findings, and recommendations
- Maintain accurate spreadsheets, tracking tools, and financial records
- Collaborate with internal teams and external stakeholders (including grant recipients)
- Familiarity with federal cost principles, internal controls, and risk assessment
- Experience with federal audits (Single Audit, OIG, GAO)
- Provide basic guidance on cost allocation and grant compliance
Skills
- Bachelor's degree in Accounting, Finance, or related field required; CPA not required
- 5+ years of experience in accounting, finance, or grants management
- Hands-on experience with direct and indirect cost allocation
- Experience working with or supporting grant requests from: Hospitals, Universities, Tribal entities, Non-profit organizations
- Strong knowledge of federal grant regulations (2 CFR Part 200 preferred)
- Knowledge of GAAP and basic cost accounting principles
- Strong Excel, this includes pivot tables, lookups, data validation, and error‑checking and data analysis skills
- Experience with financial systems (UFMS, PMS, GrantSolutions, or similar)
- Good attention to detail and organizational skills
- Understanding of grant requests from hospitals, universities, tribal entities, and non-profits
- Direct and indirect cost allocation
- Exposure to Cost Allocation Plans or indirect rate calculations
- Experience with grants management or financial systems
- Ability to analyze financial data and explain findings clearly
- Strong communication and teamwork skills
- Ability to manage multiple assignments in a compliance‑driven environment
- Exposure to federal financial management standards (OMB Circulars, HHS Grants Policy Statement)
Benefits
- Health, dental, and vision insurance
- 401K
- "Discretionary" PTO
- Professional development opportunities
- A dynamic and collaborative work environment
Company Overview