Financial Accountant

Northern Virginia Transportation Authority; Vienna (VA); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Disability Insurance

State Retirement

Life Insurance

Paid Leave

FSAs

Commuter Benefits

Bikeshare Membership

Certifications Support

Fitness Center

Coffee Bar

Free Parking

Job summary

Northern Virginia Transportation Authority is seeking an experienced accountant to manage general ledger activities, month-end closes, and financial reporting in a public-sector setting. The role supports GAAP and GASB compliance and assists with annual audits and year-end reporting.

The successful candidate will bring a bachelor’s degree in accounting or related field and at least four years of accounting experience, with CPA or related master’s preferred.

Qualifications

• Bachelor’s degree in accounting, finance, or business with accounting focus.
• Four years of accounting experience; local government/public sector preferred.
• CPA or related master’s degree preferred.

Responsibilities

• Perform general ledger accounting, accounts payable, journal entries, and reconciliations.
• Coordinate monthly close activities, reconciliations and month-end reporting.
• Coordinate year-end closing activities and supporting documentation.
• Assist in preparing GAAP/GASB financial statements.
• Assist with annual financial audit, audit schedules and responses to auditor requests.
• Prepare Form 1099s and other year-end reporting.

Skills

Accounting

GAAP

GASB

Excel

Regulatory compliance

Education

Bachelor's degree in accounting or related field

Tools

Microsoft 365

Job description

• Bachelor's degree in accounting, Finance, or Business Administration with a concentration in Accounting.
• Four (4) years of relevant professional accounting experience; local government or public-sector experience is preferred.
• Strong proficiency with Microsoft 365, particularly Excel, and the ability to learn and use accounting and financial management systems.
• Ability to interpret complex legal and regulatory requirements and recommend and implement policies and procedures that support compliance.
• CPA designation, a relevant master's degree, or another related professional certification is strongly preferred.

Key Responsibilities

• Perform general ledger accounting, accounts payable, transaction processing, journal entries, and reconciliation of bank, investment, and other accounts.
• Coordinate and complete monthly accounting close activities, including account reconciliations, accruals, adjusting entries, and month-end reporting.
• Coordinate and complete year-end closing activities, including year-end reconciliations, journal entries, schedules, and supporting documentation.
• Support in the preparation of the financial reports and financial statements in accordance with generally accepted accounting principles (GAAP) and Governmental Accounting Standards Board (GASB) standards.
• Assist in the completion of the annual financial audit, including preparation of audit schedules, workpapers, reconciliations, audit confirmations, and supporting documentation; respond to auditor requests and assist with resolution of audit findings.
• Prepare and coordinate Forms 1099, annual certifications, and other required year-end financial reporting and filings.

Fixed Asset Accounting:

• Coordinate fixed asset records, including additions, disposals, transfers, and depreciation.
• Conduct periodic physical inventory of fixed assets and reconcile physical assets to accounting records.
• Reconcile fixed asset records to the general ledger and ensure accurate supporting documentation.
• Ensure fixed asset accounting complies with Authority policies and applicable GASB requirements.

Revenue Analysis, Budgeting, and Internal Controls:

• Prepare monthly revenue summaries and analyze trends.
• Assist with development, monitoring, and tracking of the Authority's annual budget.
• Monitor financial activity and identify significant variances or issues requiring management attention.
• Maintain documented accounting and financial procedures and recommend improvements to accounting practices and internal controls.

Project Reimbursements:

• Review transportation project reimbursement requests for accuracy, completeness, and compliance with Authority policies, procedures, agreements, and applicable funding requirements.
• Review supporting documentation and make recommendations regarding reimbursement requests.
• Coordinate with jurisdictions to resolve discrepancies and obtain additional documentation as needed.

Investment Management:

• Backup support for entering securities and interest income into the Tracker investment management system and ensure investment records are accurate and up to date.

Procurement and Contract Management:

• Support procurement activities and related contracts in accordance with the Virginia Public Procurement Act, applicable grant requirements, and Authority policies and procedures.
• Support the coordination of the procurement processes, including solicitation documentation, vendor communications, evaluation materials, contract documentation, and required approvals.
• Maintain procurement and contract records and ensure required documentation is complete, accurate, and properly maintained.
• Monitor contract-related administrative requirements, including renewals, amendments, insurance documentation, and other required compliance items.
• Assist staff with procurement and contract-related questions and coordinate with vendors and other stakeholders as needed.
• Provide administrative and financial support for the Authority's federal, state, and other grant programs.
• Maintain grant files, agreements, supporting documentation, and financial records in accordance with applicable requirements.
• Track grant expenditures, reimbursements, reporting deadlines, and other grant-related activities. And assist with preparation and submission of required grant reports, certifications, reimbursement requests, and supporting documentation.
• Coordinate with internal staff and funding agencies regarding grant documentation, reporting requirements, and compliance matters.
• Monitor grant activities and expenditures for consistency with approved budgets, grant agreements, and applicable requirements.

IT Service Coordination:

• Support the coordination of outsourced, cloud-based IT services and facilitate communication between the Authority staff.
• Monitor service delivery and coordinate IT communications and service-related issues.
• Responsibilities focus on service coordination and do not require specialized IT expertise.

Special Projects:

• Conduct financial, accounting, and quantitative analyses.
• MD&A Statistical Data analyses.
• Manage multiple assignments and deadlines and research financial and operational issues.
• Prepare findings, recommendations, schedules, and reports for senior management, committees, and the Authority's governing body.

This advertisement summarizes the position's principal responsibilities and qualifications. Additional duties may be assigned.

• Short- and Long-Term Disability Insurance
• Membership in the Virginia State Retirement System Plans.
• Life Insurance
• Annual and Sick Leave as well as 14 holidays
• Flexible Spending Accounts (Health/Dependent Care)
• Tax-Free Commuter Benefits: Parking and Transit Benefits
• Capital Bikeshare Membership
• Support for Professional Certifications
• Free In-building Fitness Center
• Free In-building Coffee/Tea Bar
• Free Parking

The Northern Virginia Transportation Authority prohibits discrimination on the basis of race, sex, color, national origin, religion, age, veteran status, political affiliation or disability.