Accountant IV

City of Norfolk, VA; Norfolk (VA); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Paid holidays

Vacation leave

Pension plan

Life insurance

Medical & dental benefits

457 deferred compensation

Job summary

City of Norfolk, VA is hiring an Accountant IV in the Budget and Accounting Division. The role involves producing financial reports in accordance with US GAAP, ensuring compliance with federal, state, and local guidelines, and maintaining general and subsidiary ledgers.

The position also prepares annual budgets and supports audits. The role requires a Bachelor's degree in accounting or a related field and at least three years of accounting experience in local government or nonprofit sectors,

Qualifications

• Work requires broad knowledge in a general professional or technical field; typically four years of college leading to a Bachelor's degree or equivalent.
• Three years of accounting experience in local government, nonprofit, or related field; or an equivalent combination of education and experience.

Responsibilities

• Prepares financial reports, including monthly and annual reports and historical statements; prepares budget reports and analyzes variances.
• Monitors debt service, ensures payments align with bonds and contracts; maintains records of debts, grants and projects.
• Performs general accounting tasks: reconciliations, adjustments, and support to staff reconciling accounts.
• Maintains fixed assets records and proper GAAP recording of asset transactions.
• Prepares cash flow projections to aid management in operating and capital decisions.
• Oversees budget activity and recommends expenditures; leads and trains staff as needed.

Skills

Financial reporting

GAAP

Budgeting

General ledger

Debt management

Education

Bachelor's degree in accounting or related field

Job description

Description

The Department of Utilities is seeking an Accountant IV in our Budget and Accounting Division. The person in this position performs various financial and accounting reporting functions in accordance with US GAAP while ensuring compliance with federal, state and local guidelines. Maintains the integrity of automated accounting system general ledger and subsidiary ledger, prepares annual budgets, and performs other duties as required.

Description

The Department of Utilities is seeking an Accountant IV in our Budget and Accounting Division. The person in this position performs various financial and accounting reporting functions in accordance with US GAAP while ensuring compliance with federal, state and local guidelines. Maintains the integrity of automated accounting system general ledger and subsidiary ledger, prepares annual budgets, and performs other duties as required.

Essential Functions

• Prepares financial reports, including preparation of monthly and annual financial reports and historical financial statements of the Department. Also prepares budget reports and analyzes variances with actual amounts. In addition, prepares complex work papers, assists independent auditors in reviewing financial information, and assists financial consultants with the Department's rate studies and true-up analysis.
• Assists in monitoring debt management by calculating the debt service, ensuring that debt service, grants and special projects are paid in accordance with bond covenants and contracts. Prepares and maintains records to ensure all outstanding debts, grants, and special projects are properly accounted for. Assists management with Department's financial policies compliance.
• Performs general accounting tasks by resolving issues with subsidiary ledgers, preparing monthly reconciliations and related calculations, preparing general ledger adjustments, and providing assistance to support staff in reconciling accounts.
• Maintains fixed assets records for the Department and ensures proper recording of fixed asset transactions in accordance with U.S. GAAP.
• Prepares cash flow projections to assist management in making decisions regarding operating and capital outlay for the Department on an ongoing basis.
• Performs other duties by drafting, reviewing and recommending approval for Department's ordinances, reviewing Department contracts, approving payment documents and pay advances, and providing technical assistance to various personnel.
• Managerial responsibilities include monitoring program and budget activity for various projects, coordinating project activity with other personnel and prioritizing work to meet deadlines.
• Oversees preparation of Department's budget and reviews and approves expenditures of significant budgeted funds for the Department and may research and prepare recommendations for Department-wide budget expenditures.
• Work requires functioning as a lead worker performing essentially the same work as those directed, and includes overseeing work quality, training, instructing, and scheduling work.

Education/Experience

Work requires broad knowledge in a general professional or technical field. Knowledge is normally acquired through four years of college resulting in a Bachelor's degree or equivalent.

Three years of experience in accounting within a local government, nonprofit organization or related industry; or an equivalent combination of education and experience.

Additional Information & Requirements

Work Hours: Monday - Friday; 8:00 a.m. to 5:00 p.m.

Work Location: This position will be located at: 500 E. Main St, 7th Floor, Norfolk 23510.

This position is designated as an 'Essential' position and you may be required to work extended, rotating, after hours, weekends, and/or holiday shifts in response to emergencies and severe weather.

• Regular full-time and permanent part-time employees may receive paid holidays, vacation and sick leave, employer paid pension plan, basic life insurance, voluntary participation in medical and dental, Section 457 deferred compensation, long-term disability, optional life insurance for self, spouse and children, medical and dependent care reimbursement plans, access to membership in credit union and employer provided parking.
• Special project/grant employees are generally eligible for the same benefits of regular full-time employees; however, retirement, life insurance and participation in health plans vary depending upon funding and authorization.
• Temporary/seasonal and part-time employees are generally only eligible for employer provided parking and access to membership in credit union.
• Retirement.

If you are hired October 5, 2010, or after to a position with City of Norfolk Retirement System benefits, you will be required to contribute five percent (5%) of your salary toward your retirement benefit. This will be a pre-tax payroll deduction.

If you are hired January 1, 2022, or after to a position with Virginia Retirement System (VRS) benefits, you will be required to contribute five percent (5%) of your salary toward your retirement benefit. This will be a pre-tax payroll deduction.

• The Tuition Assistance Program is established to encourage employees toward continued self-development and education. Permanent full-time and permanent part-time classified, unclassified permanent, full-time special projects, and constitutional employees who have completed six months continuous service will be eligible to apply. The applicant’s school of enrollment must be an accredited institution.

Note: The benefits described above are broad generalizations. The specific benefits that an employee may be eligible for are governed by City regulations, as applicable to job type.

Non-City: Positions listed with a job type designation of "Non-City" are not subject to the benefits descriptions above. Refer to the content of the job posting for information regarding these positions.