Director of Financial Operations

4 weeks ago


Newark, New Jersey, United States NJ TRANSIT Full time
Job Title: Director, General Ledger

At NJ TRANSIT, we are seeking a highly skilled and experienced Director, General Ledger to join our team. As a key member of our finance department, you will be responsible for leading the timely monthly closing of our General Ledger system, formulating and communicating schedules for closing, and interpreting and analyzing financial results for management.

Key Responsibilities:
  • Direct the timely monthly closing of the General Ledger system, ensuring accuracy and compliance with regulatory requirements.
  • Formulate and communicate schedules for closing, ensuring timely completion of financial reporting.
  • Interpret and analyze financial results for management, providing insights and recommendations for improvement.
  • Direct the maintenance of accounting records using the General Ledger system, ensuring accuracy and compliance with regulatory requirements.
  • Implement and oversee the development, enhancement of the general ledger and fixed asset subledger systems, ensuring seamless integration and efficient operations.
  • Coordinate the weekly processing of subsystem data into the General Ledger and oversee the data entry of journals into the General Ledger system, ensuring accuracy and compliance with regulatory requirements.
  • Establish account analysis procedures and assign responsibility to departments, ensuring timely submission of account reconciliations and adequate explanations of variances.
  • Guide the integration of all cash and temporary cash investment accounts into the General Ledger, ensuring proper reconciliation and compliance with regulatory requirements.
  • Interact with Cash Management, Payroll, Accounts Payable, and other appropriate departments, as well as banking institutions, to resolve discrepancies and facilitate the development and flow of cash reconciliation information.
  • Direct the preparation of various financial statements and provide explanatory comments for management decisions, ensuring transparency and compliance with regulatory requirements.
  • Direct both professional and agreement staff, assisting in the hiring and training of new General Ledger staff, ensuring a high-performing team.
Requirements:
  • Minimum: Bachelor's Degree in Accounting and seven (7) years of applied progressive financial management experience.
  • CPA firm experience highly desired.
Benefits:
  • Comprehensive Family Health Insurance
  • Flexible Spending Account
  • Life Insurance
  • Paid Leave
  • Tuition Assistance
  • Pre-Tax Commuter Benefits Plan
  • Retirement Plans
About NJ TRANSIT:

NJ TRANSIT is committed to hiring individuals from diverse backgrounds, experiences, abilities, and veteran status. As an Equal Opportunity Employer, we encourage all qualified applicants to apply and join our team.



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