Accountant II

Job DescriptionJob DescriptionPosition SummaryThe Accountant is responsible for the overall management of the Division of Outreach and Community Engagement’s finances. Overseeing the functionality and accuracy of all financial transactions and records is vital for audit compliance purposes. This position performs a wide variety of fiscal-related tasks and standard support duties in order to maintain the fiscal health of the Division. Researching financial data and preparing reports periodically is an expected task toward assisting Division leadership in making proper, well-informed fiscal/budget-related decisions. This position is governed by generally accepted accounting principles, state and federal laws, and agency/institution policy. This position reports to the Executive Director.Job Duties and Responsibilities● Reconciles the Division’s revenues/receivables and calculates necessary journal entries monthly, performing fiscal year-end close process and reporting adjustments.
● Assesses current accounting procedures, implementing changes to improve processes and internal controls if/when necessary.
● Provides a variety of financial reports for the Division based on the needs of the program, event, team, etc.
● Monitors and manages the budget which also involves making necessary budget adjustments through meeting with team leads and/or making educated predictions.
● Oversees all financial postings in the current database, reviewing for accuracy.
● Creates/performs budget transfers to ensure that all expenses and revenues are appropriately reported in Banner, and processes payments when necessary.
● Approves all refunds issued as well as transfers between university departments for fees.
● Reviews ADHE – Arkansas Workforce Challenge Scholarship roster submission for transactional purposes.
● Maintains databases, spreadsheets, and other fiscal reporting mechanisms.
● Researches and analyzes data for preparing and reporting findings to Stakeholders and providing supporting documentation as needed.
● Completes the close-out process for event and class files by reviewing and auditing information for accuracy and quality assurance. This includes gathering required documentation, confirming/processing payment to internal/external vendors as related to files, and sending appropriate invoices to clients/participants.
● Maintains budget documents, labor distribution reports, and other documents.
● Processes supplies and services requisitions for intracampus payments.
● Performs all accounting duties related to budgets and fiscal monthly and year-end closing procedures.
● Performs other fiscal and/or budget-related duties as assigned by SupervisorKnowledge, Skills, and AbilitiesKnowledge

1. Financial Principles: Understanding of basic and advanced accounting principles, including GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
2. Financial Reporting: Knowledge of how to prepare and interpret financial statements such as balance sheets and income statements.
3. Budgeting and Forecasting: Insight into creating and managing budgets and financial forecasts.

Skills

1. Analytical Skills: Ability to analyze financial data, identify trends, and make informed recommendations.
2. Attention to Detail: Precision in handling financial information and spotting discrepancies.
3. Problem-Solving: Capability to troubleshoot financial issues and propose solutions.
4. Communication: Effective verbal and written communication skills to explain financial information to non-financial stakeholders.
5. Technical Proficiency: Proficiency with accounting software and tools such as Excel for data analysis and reporting.

Abilities

1. Organizational Skills: Efficient management of financial records, deadlines, and multiple tasks.
2. Critical Thinking: Evaluates financial situations and makes strategic decisions based on analysis.
3. Team Collaboration: Works well with other team members and departments.
4. Ethical Judgment: Maintains high ethical standards and integrity in financial practices.

Skills Considered Essential for Success-Knowledge of the organization and administration of higher education.
-Knowledge of state, federal, and university rules, regulations and procedures.
-Ability to work in a diverse and dynamic environment.
-Ability to work collaboratively and independently with common goals as a part of a team.
-Ability to make sound judgments.
-Effective interpersonal communication, writing, and organizational abilities.
-Civility in all interactions.
-Demonstrate effective follow-up.Required Education and/or ExperienceThe formal education of a bachelor’s degree in accounting or related field. 1-2 years of accounting experience in a business/organizational environment.
 

Job posted for the employer by: Workforce Connections, Arkansas Department of Commerce.

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