Senior General Ledger Accountant

Commonwealth Of Virginia; Chesterfield; Hybrid; GBP 68,000 - 90,000; Full time

Benefits offered by this job

Healthcare benefits

Retirement plans with match

Holidays

PTO 25 days

Tuition reimbursement

Continuing education

529 match program

Relaxed work environment

Job summary

Commonwealth Savers is seeking a Senior General Ledger Accountant to lead complex GL accounting, reconciliation, and reporting across monthly, quarterly, and year-end closes in a hybrid work environment. The role interacts with internal and external stakeholders and supports financial reporting including the Annual Comprehensive Financial Report.

Ideal candidates have 7+ years of governmental accounting, GAAP, budgeting, and advanced Excel skills; CPA preferred.

Qualifications

• Seven or more years of government accounting or related field.
• GAAP, budgeting, financial reporting knowledge.
• CPA preferred.
• Experience with the Commonwealth’s accounting procedures.
• Strong Excel, Word and PowerPoint skills.
• Proficiency with financial systems and software including Frontier Reconciliation Software; knowledge of SQL Queries, Business Objects, and Tableau is preferred.

Responsibilities

• Perform all aspects of general ledger accounting including recording, processing, summarizing, reconciling, and reporting accounting transactions and data; assist with monthly, quarterly, and year-end close processes.
• Develop highly complex financial reconciliations, analyze and communicate results to management, and prepare schedules and documentation for internal and external reporting including the Annual Comprehensive Financial Report.
• Process redeposits, reversals, and settlement corrections per policy.
• Analyze data from financial systems and prepare internal and external agency financial reports and analyses.
• Monitor evolving accounting guidance and implement GASB statements and other standards.
• Collaborate with staff and stakeholders to ensure compliance with accounting standards and policies.

Job description

Commonwealth Savers, formerly Virginia529, is an independent state agency that offers savings and investment programs to meet future financial goals, while providing meaningful work to our diverse and collaborative team. Our name change to Commonwealth Savers, reflects our expanded mission to empower individuals on their entire financial journey through education, disability, and retirement savings programs. Commonwealth Savers manages the largest 529 and independent ABLE plans in the nation, helping people save for higher education and disability related expenses, and now manages the state’s private retirement program, RetirePathVA, bringing retirement savings to those who do not have employer-provided options. If you want to make a difference with us, visit our page to learn more about our culture, values, and rewarding career opportunities.

Our growing General Accounting Team is seeking a Senior General Ledger Accountant to contribute advanced expertise in general ledger accounting and reconciliation processes. This position performs and reviews accounting activities related to general ledger accounts, payments, financial statements, budgeting, and financial analysis. The role analyzes receipts, disbursements, and journal entries within the accounting system and monitors, reconciles, and reports on records, transactions, and accounts. This position processes program redeposits, reversals, and settlement corrections, and develops and performs highly complex general ledger reconciliations.

In this position, you will:

• Perform all aspects of general ledger accounting including recording, processing, summarizing, reconciling, and reporting accounting transactions and data, and assist with monthly, quarterly, and year-end close processes
• Develop highly complex financial reconciliations, analyze and communicate results to management, and prepare related schedules and supporting documentation used in internal and external reporting including the Annual Comprehensive Financial Report
• Process, program redeposits, reversals, and settlement corrections in accordance with established accounting policies and procedures
• Analyze and evaluate data recorded in various financial systems including financial and investment data reported by the agency’s financial institutions and master custodian, and prepare internal and external agency financial reports and related financial analysis
• Monitor evolving accounting guidance and work with the General Accounting Team and Finance management to interpret and implement Governmental Accounting Standards Board statements and other applicable accounting standards and practices
• Consult and train staff on reporting, reconciliation, and analysis tools as needed and collaborate with internal and external stakeholders to support compliance with accounting standards, processes, procedures, and policies

Successful candidates will have:

• Seven or more years of relevant work experience in governmental accounting, finance, or related field, with demonstrated knowledge of Generally Accepted Accounting Principles (GAAP), budget practices, financial reporting, and general business processes; equivalent combination of education and experience may be considered; CPA preferred
• Experience with the Commonwealth’s accounting procedures and policies preferred
• Ability to read, compile, analyze and accurately interpret complex accounting and financial records and statements
• Ability to identify and define problems, collect and reconfigure data, establish facts, develop and communicate options and draw valid conclusions
• Demonstrated critical thinking, decision making and analytical ability with a strong attention to detail and ability to meet critical deadlines
• Demonstrated master level proficiency with Microsoft Excel; strong skills in Microsoft Word and PowerPoint
• Proficiency with financial systems and business accounting software (general ledger, fixed assets, accounts payable, accounts receivable, and reporting); Frontier Reconciliation Software is a plus
• Knowledge of SQL Queries, Business Objects, and Tableau Reporting Software preferred
• Ability to communicate clearly, concisely, and persuasively, orally and in writing
• Ability to build rapport and collaborate with coworkers, other state government employees and the financial community

Work Environment:

• This position follows a hybrid work schedule with a minimum of two days on-site each week
• Typical office environment with considerable time in a sitting, stationary position
• Constantly operate a computer and other office equipment including typing and keying
• Frequently communicate with team members and third-party business partners; must be able to exchange accurate information accordingly

Benefits:

• Generous healthcare benefits with multiple plans to choose from
• Defined benefit and contribution retirement plans with cash match
• 12+ holidays
• PTO – new employees earn 25 days/full year
• Tuition reimbursement
• Agency-paid continuing education
• 529 match program
• Relaxed work environment

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

It is the practice of Commonwealth Savers to conduct in-depth background checks on all candidates identified as a finalist for employment consideration. The type of background checks performed are dependent upon the type of position for which you have been identified as a finalist and may include: reference checks, criminal history including sexual offender registry checks, and degree validation. The results of background checks are made available to Commonwealth Savers employing officials. You will be requested to sign a reference release form, so your past schools and/or employers may be contacted concerning your academic or employment history.

Contact Information

Email:

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter.

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