Working Title: Capital/Indirect Cost Accountant
State Role Title: Financial Services Manager I
Position Type: Full-time Staff (Classified)
Position Status: Full-Time
FLSA Status: Exempt: Not Eligible for Overtime
College/Division: Finance
Department: 100641 - Associate Controller - Reporting
Pay Band: 5
Pay Rate: Pay Range
Specify Range or Amount: $68,000 - $74,000
Is this a JMU only position? No
Is this a grant-funded position? No
Is this a Conflict of Interest designated position? No
Beginning Review Date: 07/08/2026
About JMU:
At James Madison University (JMU), we’re more than just a publicly funded institution — we’re a vibrant, welcoming community located on a stunning campus where innovation, collaboration, and personal growth thrive. Our mission is to prepare students for a bright future, and we believe that starts with supporting the people who make it all possible: our employees.
Why Work at JMU?
We offer a comprehensive benefits package designed to support your professional journey and personal wellbeing:
• Generous Leave: Enjoy paid vacation, sick leave, parental leave, community service leave, and 19 paid holidays annually.
• Comprehensive Health Coverage: Access high-quality health insurance options that fit your needs.
• Retirement Options: Plan for your future with retirement benefits through the Virginia Retirement System.
• Employee Well-Being: Our Balanced Dukes program promotes wellness and work-life integration through resources, events, and support.
• Tuition Waiver Program: Advance your education with our tuition waiver program for undergraduate and graduate courses taken at JMU.
At JMU, we believe in Being the Change — and that starts with creating an environment where you can grow, contribute meaningfully, and feel supported every step of the way.
Discover what makes JMU a great place to work: bit.ly/JMUEmployment
General Information:
The Office of Financial Reporting is seeking a Capital/Indirect Cost Accountant to join us in supporting the University's mission in performing accurate and timely accounting of the University's debt service program. We are a customer-service oriented office with a strong commitment to quality, integrity and professionalism.
Duties and Responsibilities:
-Manage the University’s debt service program, making sure payments are made timely and principal, interest and premium/discount amortizations are accurately tracked for reporting purposes.
-Preparation of all debt-related work papers for the annual financial statements.
-Ensure management is provided with timely and accurate information as it relates to capital construction accounting including construction costs, use of bond funding and reimbursements from bond proceeds.
-Manage the preparation and reconciliation of financial statement sections including construction and renovation, financing capital assets activity (debt) and restricted funds (grants and contracts).
-Compile financial statement workpapers including the Schedule of Federal Assistance for reporting of restricted federal funds.
-Prepare annual reports related to IPEDS, SCHEV reporting, the continuing bond disclosure and yearend accounting related to the Federal Work Study draw down of funds.
-Supervise the compilation and preparation of the data required for inclusion in the Federal Indirect Cost and State Auxiliary Indirect Cost proposals, including compliance with the Code of Federal Regulations (2CFR).
-Collect data for the preparation of Indirect Cost Studies using the indirect cost study software (CRIS), queries and reports.
-Provide supervision to one employee, the Capital Construction Accountant.
-Monitor and evaluate all leases and SBITA (subscription-based information technology arrangement) contracts throughout the year for capitalization and inclusion in the yearend financial statements.
Qualifications:
-Experience in state university or other higher education setting.
-Supervisory experience.
-Knowledge of accounting principles as defined by GAAP as well as a general working knowledge of office procedures and practices.
-Experience in handling debt service obligations accurately both for timely payment and financial reporting purposes.
-Experience in accounting for capital construction projects.
-Knowledge of financial reporting requirements related to various federal and state agencies as it pertains to debt-related functions of the university.
-The ability to work independently with minor supervision and to work effectively with other employees both within the department and across the University community as a whole.
-The ability to work under pressure when necessary to meet deadlines.
-Computer experience is required; a focus in Excel or other spreadsheets is ideal. Experience with PeopleSoft or other financial management system a plus.
Conditions of Employment:
Employment is contingent upon the successful completion of a criminal background check.
E-Verify Notice: After accepting employment, new hires are required to complete an I-9 form and present documentation of their identity and eligibility to work in the United States. James Madison University uses the E-Verify system to confirm identity and work authorization.
EEO Statement:
James Madison University is committed to creating and supporting a diverse and inclusive work and educational community that is free of all forms of discrimination. This institution does not tolerate discrimination or harassment on the basis of age, color, disability, gender identity or expression, genetic information, national origin, parental status, political affiliation, race, religion, sex, sexual orientation or veteran status.
We promote access, inclusion and diversity for all students, faculty, staff, constituents and programs, believing that these qualities are foundational components of an outstanding education in keeping with our mission. The university is interested in candidates whose experience and qualifications support an ongoing commitment to this core quality.
Anyone having questions concerning discrimination should contact the Office for Equal Opportunity: (540) 568-6991.
Reasonable Accommodation:
If you are an individual with a disability and need assistance searching or applying for jobs please contact us at (540) 568-3597 or jobs@jmu.edu. You may also visit the JMU Human Resource Office, located at 752 Ott Street, Harrisonburg, VA 22807 and we will be happy to assist you.