Accounting Analyst 1 (Entry Level)

Louisiana State University; United States; On-site; USD 45,000 - 65,000; Full time

Job summary

Louisiana State University in Baton Rouge is seeking an Accounting Analyst 1 (Entry Level) to join the Financial Accounting and Reporting division within the Office of Accounting Services. The role focuses on bank reconciliations, unclaimed property, footnote and financial statement work, and supporting the F&A rate proposal.

Responsibilities include preparing bank reconciliations, managing Workday reconciliations, handling checks and unclaimed property reporting, and assisting with year-end

Responsibilities

• Prepares seven bank account reconciliations and administers the Workday reconciliation system.
• Provides assistance related to university-issued checks and Unclaimed Property reporting.
• Coordinates drawdowns from the State Treasurer's Office and monitors petty cash.
• Audits internal billings and cost transfers for propriety and completeness.
• Prepares accruals, closing entries, GASB 35 entries, and footnotes for year-end reporting.
• Performs other duties as assigned by the Assistant Director.

Job description

Job Posting Title

Accounting Analyst 1 (Entry Level)

Position Type

Professional / Unclassified

Department

LSUAM AS - BFAR - FAR - FS - Fringe Benefits (Jennifer Gendron Richard (00003151))

Work Location

0204 Thomas D. Boyd Hall

Pay Grade

Professional

Job Description

This position is an unclassified position in the Financial Accounting and Reporting division in the Office of Accounting Services at LSU. The position is responsible for bank account reconciliations, preparation of unclaimed property, footnote and financial statement preparation, appropriation draws, monitoring petty cash accounts, auditing internal billings and cost transfers, and assisting with the University's F&A rate proposal.

• 40% Prepares seven bank account reconciliations for various LSU System campuses. Administers the University's Workday reconciliation system. Monitors all clearing accounts associated with the bank reconciliations, including balancing those accounts on a monthly basis and ensuring they are adjusted at yearend. Processes monthly cash journal entries based on electronic deposits received on behalf of university departments and other LSU System campuses. Responsible for state cash reporting, not limited to ACT 587 report.
• 20% Provides assistance to faculty, staff, students, and vendors in all matters related to university-issued checks, including processing stop payments, cancellations, and reissues. Receives all returned checks and assesses the issue independently or with the university contact. Coordinates the annual reporting of Unclaimed Property to the State Treasurer's Office.
• 20% Requests the drawdown of funds from the State Treasurer's Office, including general state appropriations and statutorily dedicated funds. Collaborates with University administration and state agencies to ensure all available funds are drawn appropriately. Accounts for the disbursement of funds timely to all other LSU campuses and ensures they properly record their appropriations and update respective budgets. Maintains control of petty cash accounts; monitors accounting procedures to ensure that all reimbursements are made in compliance with University petty cash policies; audits petty cash accounts annually and updates records for custodians and locations of such funds.
• 10% Audits and approves internal billings and cost transfers for propriety and completeness. Communicates with campus departments to assist with problem resolution when compliance issues arise. Reviews EIBs from departments and other campuses for accuracy and notifies the supervisor once they are approved and ready for upload into Workday.
• 10% Prepares accruals, adjustments, closing entries, GASB 35 entries, and footnotes at fiscal yearend to be included in the LSU System's Annual Financial Report. Runs cumulative error reports and initiates EIB corrections or journal corrections for accounting errors in Workday.
• Performs other duties and additional projects as assigned by the Assistant Director