Director, General Ledger

NJ TRANSIT; Newark (NJ); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Comprehensive health benefits

Tuition Assistance

Retirement plans

Job summary

NJ TRANSIT is seeking a senior accounting leader to direct monthly GL close, analyze budget-to-actual variances, and maintain robust general ledger and fixed asset subledgers. You will coordinate cross‑functional financial processes with Cash Management, Payroll and Accounts Payable to ensure accuracy and regulatory compliance.

Ideal candidates hold a Bachelor’s in Accounting with 7+ years of progressive financial management experience; CPA experience is highly desired.

Qualifications

• Bachelor’s Degree in Accounting with progressive financial management experience.
• CPA experience is highly desired.
• Proficiency with computerized financial systems and MS Office tools.

Responsibilities

• Directs timely monthly closing of the General Ledger (GL).
• Interprets financial results and analyzes budget variances.
• Maintains accounting records in the GL system and ensures regulatory compliance.
• Oversees development and enhancements of GL and fixed asset subledger systems.
• Coordinates weekly processing of subsystem data into the GL and journals.
• Establishes account analysis procedures and approves reconciliations.
• Integrates cash and investment accounts into the GL and resolves discrepancies.
• Interacts with Cash Management, Payroll, AP and banks to resolve issues.
• Prepares financial statements with explanatory management comments.
• Directs professional and support staff and participates in hiring/training.

Skills

Financial analysis

Excel proficiency

ERP knowledge

Strong communication

Education

Bachelor's degree in Accounting

CPA experience desired

Tools

Excel

Word

Access

PowerPoint

General Ledger system

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.

Roles & Responsibilities

• 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
• Paid Leave
• 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.

Learn more about NJ TRANSIT! Sign up to receive an invitation to our next live information session at WWW.NJTRANSIT.COM/BEST