Location: Lynchburg,VA, USA
Job Details
Job Location: Randolph College Incorporated - Lynchburg, VA
Salary Range: Undisclosed
Description
Senior Accountant
FLSA Classification
Exempt
Reports to
Controller
Date
11/5/2024
Job Description
Summary/objective
Applies principles of accounting for financial report preparation and analysis purposes. This position is responsible for general ledger accounting, including analysis of business transactions to prepare journal entries, portions of the month-end close process, financial data preparation, account analysis and reconciliations. The successful applicant will have the skills necessary to develop, interpret, and implement moderate to complex financial accounting concepts or techniques for financial planning, reporting, and control.
Essential functions
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
* Records accurate accounting transactions within the guidelines of Generally Accepted Accounting Principles (GAAP) and not-for-profit accounting.
* Responsible for Campus Store accounting functions including:
* recording deposits
* statement reconciliations
* inventory adjustments
* sales & use tax reporting
* Responsible for reviewing/filing of sales and use tax filings:
* Maier
* MFA
* Alumnae/i)
* Responsible for accounting and recordkeeping associated with the federal Perkins Loan program and serves as subject matter expert within the federal Perkins Loan Program:
* Liaison between Financial Aid and Business Office to ensure open flow of information
* Assist in preparation of the annual financial aid Fiscal Operations Report and Application to Participate (FISAP)
* Reconciliation of balances with 3rd party loan servicer (UAS)
* Preparation of journal entries to loan accounts
* Reconciliation of Perkins Loan cash account
* Reviews, journalizes and/or adjusts complex gift transactions. Recommends proper accounting treatment of gifts and pledges to the Controller or the VP for Finance and Administration:
* Quarterly Gift Reconciliation
* Quarterly Stock Gain/Loss
* Quarterly Pledges Receivables
* Serves as primary backup for accounts payable functions, review accounts payable batches before they are processed, and performs other backup duties in multiple areas when other staff are out of the office.
* Audits travel advances and expenses/ research outstanding advances, analyze data and troubleshoots problems.
* Journalize mortgage payments and annual 1099-INT reporting.
* Reviews balance sheet account reconciliations, identifies errors, and provides feedback for corrections. Reconciles and analyzes balance sheet accounts; journal adjustments and corrections as needed. This includes bank reconciliations, various camp reconciliations, prepaid expenses, chargebacks, credit card reconciliation to the general ledger.
* Responsible for the preparation of the annual Alumnae/i Association internal audit.
* Assists in the College's annual audit and preparation of financial statements.
* Other duties assigned by or with the Controller.
Competencies
* Ability to use best practice strategies associated with all aspects of accounting practices and compliance.
* Demonstrate a spirit of being an independent problem solver and ability to quickly gain a strong understanding of the College's mission, goals, policies, and procedures.
* Ability to encourage and embrace diverse thoughts and perspectives of all individuals of various backgrounds, ideas, and perspectives to foster an all-inclusive environment and drive results.
* Demonstrate a high level of confidentiality, integrity and professionalism when dealing with sensitive financial information as well as prioritize and meet deadlines.
Supervisory responsibilities
None
Work environment
Office
Physical demands
May occasionally lift up to 10-15 lb. or may walk and/or bend in the performance of the job functions.
Travel required
Occasionally for training or conferences
Required education and experience
Bachelor's degree required with an emphasis in accounting.
Preferred education and experience
* At least three years of work experience preferred
* Higher Education or non-profit experience
* Must work well in a team environment
* Proficiency using Microsoft Office Suite with advanced experience in Excel
* Experience using computer-based accounting systems, Microsoft Dynamics Great Plains experience a plus
Additional eligibility requirements
None.
Work authorization/security clearance requirements
Must be authorized to work in the United States. Pre-employment criminal and credit background checks.
Affirmative Action/EEO statement
Randolph College is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, gender, sexual orientation, sex (including pregnancy), gender identity, gender expression, sexual orientation, national origin, age, disability, genetic information, marital status, veteran status, political beliefs, or any other classification protected by applicable law. This policy applies to all terms and conditions of employment, including but not limited to hiring, promotion, termination, placement, transfer, layoff, recall, compensation, and training.
Other duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Qualifications