Supervisor of Accounting

3 days ago

Chicago, Illinois, United States City of Chicago Full time

Job Summary:

The City of Chicago is seeking a highly skilled and experienced Supervisor of Accounting to join our team in the Department of Finance. As a key member of our accounting team, you will be responsible for directing the work of professional staff in an accounting unit and performing related duties as required.

Key Responsibilities:

  • Assigns, supervises, and reviews the work of professional accountants engaged in the management of financial accounts, including compilation of financial reports and preparation of financial statements and audit schedules.
  • Supervises the auditing and reconciling of financial accounts, ensuring that Airport revenues are accurately invoiced and cash receipts are appropriately applied.
  • Reviews the preparation of account receivable cash receipt applications for completeness and accuracy and provides direction to staff on items that need to be corrected in a timely manner.
  • Updates and verifies that rates are properly set up per billing instructions and semi-annual rates and charges.
  • Follows up and resolves pending billing issues in a timely manner.
  • On a monthly basis, reviews and reconciles Airport invoices from AR (invoice register) to activity reports submitted by tenants to ensure accuracy in invoice generation.
  • Develops goals, objectives, and work standards and conducts staff performance evaluations.
  • Conducts and coordinates staff training and development.
  • Reviews daily deposits to ensure proper funding is allocated; approves deposit transmittals and verifies that cash receipts are properly applied.
  • Designs and implements computerized accounting systems spreadsheets and internal controls to ensure operational efficiency.
  • Interprets accounting principles and financial procedures as they relate to governmental accounting and reporting.
  • Coordinates the conduct of audits performed by private firms and government agencies; coordinates the preparation of replies to auditors' findings and develops processes and procedures to implement audit recommendations.
  • Applies knowledge of Governmental Accounting Standards Board (GASB) standards in accounting and financial reporting.
  • Prepares and coordinates various schedules identified by external auditors in their Provided by Client (PBC) request lists for the City's Annual Comprehensive Report (ACFR) audit and settlement audits.
  • Functions as a liaison on accounting-related issues to the City Treasurer's Office (CTO), City Department of Aviation (CDA), and external auditors.

Requirements:

  • Graduation from an accredited college or university with a bachelor's degree in accounting or a directly related field with 15 semester hours in accounting, plus four years of professional accounting experience of which one year is in a supervisory role related to the responsibilities of the position.
  • Equivalent combination of education, training, and experience, provided the minimum degree requirement is met.

Preferred Qualifications:

  • Previous experience in accounting and financial reporting.
  • Previous experience with financial statement preparation, bank account and general ledger reconciliations.
  • Previous supervisory experience including training, evaluating, and monitoring professional staff performance in a financial environment.
  • In-depth knowledge of Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) procedures.
  • Proficiency using Microsoft Excel and accounting software.

Commitment to Diversity:

The City of Chicago is an equal employment opportunity and military-friendly employer. We are committed to diversity and inclusion in the workplace.

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