Lead Senior Accountant
1 week ago
Reports To: Senior Director of Accounting and Administration
Department: Accounting and Administration
FLSA Status: Exempt
Salary: $90,000 - $105,000
Overview
The Senior Financial Accountant plays a crucial role in interfacing with various stakeholders, including personnel, vendors, and financial institutions. This position involves executing transaction-based accounting responsibilities within a comprehensive accrual, fund-oriented accounting framework. Key tasks include managing the general ledger, performing reconciliations, overseeing month-end closing processes, and preparing financial statements using Sage Intacct. Additionally, the Senior Financial Accountant will support the Senior Director of Accounting and Administration with various projects, demonstrating the ability to work independently on a diverse range of financial activities.
Commitment to Inclusion
At the Los Angeles County Economic Development Corporation (LAEDC), we are dedicated to fostering an inclusive environment that values diversity and encourages free expression. We believe that our strength lies in our varied backgrounds and experiences, which enhance our ability to serve the community effectively. As an equal opportunity employer, we strive to create a workplace where all individuals feel welcome and valued, regardless of their unique characteristics.
Key Responsibilities
- Oversee general ledger operations, including the entry of monthly journal entries, execution of month-end closings, and reconciliation of accounts.
- Act as the primary financial liaison for sub-recipients and funders, ensuring accurate transaction recording in accordance with grant agreements and compliance with deliverable timelines.
- Manage cash receipt and disbursement processes, ensuring timely and precise invoice and payment processing.
- Review and supervise subsidiary reconciliations, including cash/investment accounts, intercompany transactions, and fixed assets.
- Ensure compliance with organizational policies and grant restrictions by monitoring accounting transactions.
- Assist in payroll processing by preparing payroll entries and reconciling related reports and accounts.
- Oversee vendor payments for LAEDC's retirement plan, ensuring accurate calculation and submission of employer contributions per IRS guidelines.
- Maintain efficient electronic filing systems for financial documentation.
- Support audit preparations and recommend process enhancements to uphold compliance with GAAP and regulatory standards.
- Collaborate with other departments to promote financial transparency and accuracy.
- Contribute to special projects and process improvements as needed.
To excel in this role, candidates should demonstrate the following competencies:
Customer Service: Effectively manages challenging customer interactions and responds promptly to inquiries.
Ethics: Maintains integrity and inspires trust through respectful treatment of others.
Organizational Support: Adheres to policies and procedures while supporting the organization's mission and values.
Judgment: Exhibits sound decision-making abilities and includes relevant stakeholders in the process.
Professionalism: Interacts with others in a respectful manner and accepts responsibility for actions.
Productivity: Meets established productivity standards and strives for continuous improvement.
Qualifications
To be successful in this position, candidates must possess the following qualifications:
Education/Experience: An Associate's degree or equivalent from a two-year college or technical school; or six months to one year of related experience and/or training; or a combination of education and experience.
Language Skills: Ability to read and comprehend simple instructions and effectively communicate in small group settings.
Mathematical Skills: Proficiency in calculating figures and applying basic algebra and geometry concepts.
Reasoning Skills: Ability to apply common sense to carry out instructions and solve problems in standardized situations.
Computer Skills: Proficient in various software applications, including Word Processing, Spreadsheet, Accounting, and Payroll systems, with a strong emphasis on Excel. Experience with Sage 300 is preferred.
Certificates and Licenses: Not applicable.
Work Environment:
The work environment is typically quiet, allowing for focused task completion.
Physical Demands:
Employees in this role are frequently required to sit and use their hands for various tasks. Reasonable accommodations may be made for individuals with disabilities to perform essential functions.
The above job description is intended to provide a general overview of the responsibilities and qualifications for this position. Additional duties may be assigned as necessary.
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