Cost Accountant

Overview

The Cost Accountant ensures the integrity of federal grant expenditures by evaluating cost allocation methodologies, validating financial data, and ensuring compliance with 2 CFR Part 200 and client requirements. This role supports sound financial stewardship across hospitals, universities, tribal governments, and non‑profits.
Key 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.

- Federal Government experience is mandatory.

Education

- Bachelor’s degree in Accounting, Finance, or related field required.

-
CPA not required .

Qualifications & Required Experience

- 7+ 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

- Understanding of federal grant regulations (2 CFR Part 200)

- 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-pofits.

- Direct and indirect cost allocation.

- Federal Government experience is mandatory.

All your information will be kept confidential according to EEO guidelines.

Incorporated in 1997 and based in Troy-Michigan, Excyl is a full service recruiting firm specializing in the placement of Technology (IT), Engineering, Clerical and Light Industrial professionals

Originally posted on Himalayas