Director, General Ledger

NJ TRANSIT; Newark (NJ); On-site; USD 110,000 - 170,000; Full time

Benefits offered by this job

Health Insurance

Flexible Spending Account

Life Insurance

Tuition Assistance

Pre-Tax Commuter Benefits Plan

Retirement Plans

401(a) Employer Contribution (6%)

401(k) Company Match (up to 3%)

457(b) Deferred Savings Plan

Job summary

NJ TRANSIT is seeking a senior accounting leader to direct monthly closing of the General Ledger and manage budgeting variances. You will coordinate with auditors and maintain accounting records while implementing system enhancements to ensure compliance.

The role requires a Bachelor's in Accounting with seven years of progressive financial management experience; CPA firm exposure is a strong plus. Strong Excel and GL system knowledge are essential.

Qualifications

• Bachelor's Degree in Accounting required; seven years of progressive financial management experience.
• CPA firm experience highly desired.
• Knowledge of computerized financial systems and GL operations.

Responsibilities

• Directs the monthly closing of the General Ledger system and analyzes budget to actual variances.
• Coordinates with internal and external auditors to follow up with supporting documents.
• Directs maintenance of accounting records and implements system enhancements for compliance and efficiency.
• Oversees development and testing of GL and fixed asset subledgers; plans upgrades and fixes.
• Coordinates weekly data processing into the General Ledger and oversees journal data entry.
• Establishes account analysis procedures and ensures timely reconciliations with explanations for variances.
• Guides cash management and payroll interactions to resolve discrepancies and improve cash flow.

Skills

General Ledger

Budget variance analysis

Financial reporting

GAAP knowledge

Excel

Audit coordination

Cross-functional collaboration

Education

Bachelor's Degree in Accounting

Tools

General Ledger software

Job description

Move forward with us! At NJ TRANSIT, you'll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets customers to their destinations on time-and we're looking to hire talented folks with a commitment to excellence to make it all possible.

Summary

Directs the monthly closing of the General ledger system and analyzes the budget to actual variance. Coordinates with internal and external auditors to follow up with supporting documents. Directs the maintenance of accounting records and implements new system for enhancement.

• Directs the timely monthly closing of the General Ledger (GL) system. Formulates, communicates and follows- up on schedules for closing.
• Interprets and analyzes the financial results for management. Direct the analysis of budget to actual variances.
• Directs the maintenance of accounting records using the GL system. Proposes and implements system modifications to maintain compliance with changing legal and regulatory requirements and changing technological environments.
• Implements and oversees the development, enhancement of the general ledger and fixed asset subledger systems. Creates and implements test plans for fixes, upgrading of new versions.
• Coordinates the weekly processing of subsystem data into the General Ledger and oversees the data entry of journals into the General Ledger system.
• Establishes account analysis procedures and assigns responsibility to departments. Reviews and approves completed analyses. Ensures timely submission of account reconciliations and adequate explanations of variances.
• Guides the integration of all cash and temporary cash investment accounts into the General Ledger. Ensures all cash accounts are properly reconciled to support systems.
• Interacts with Cash Management, Payroll, Accounts Payable and other appropriate departments, as well as banking institutions, to resolve discrepancies. Facilitates the development and flow of cash reconciliation information and recommends resolutions.
• Directs the preparation of various financial statements and provides explanatory comments for management decisions.
• Directs both professional and agreement staff. Assists in the hiring and training of any new General Ledger staff.

Supervision Given to:

• Manager of GL
• Manager of Accounting
• Senior Manager of fixed assets and Inventory

Education, Experience and Qualifications:

• Minimum: Bachelor's Degree in Accounting and seven (7) years of applied progressive financial management experience.
• CPA firm experience highly desired.

Knowledge and Skills:

• Minimum: Knowledge of computerized financial systems required. Understanding of financial subsystem operations preferred.
• Must be proficient in but not limited to, Excel, Word, Access, and Power Point.

At NJ Transit you will enjoy a competitive salary and excellent benefits package:

• Comprehensive Family Health Insurance - Medical, Prescription, Dental, Vision
• Flexible Spending Account
• Life Insurance
• Tuition Assistance
• Pre-Tax Commuter Benefits Plan
• Retirement Plans
• 401(a) - Retirement plan with a 6% employer contribution
• 401(k) - Retirement saving plan with up to an 3% company match
• 457(b) - Deferred Savings Plan

At NJ TRANSIT, diversity and inclusivity are vital to our success as we are 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.