Financial Accountant

Thenovaauthority; Virginia; Hybrid; USD 95,000 - 115,000; Full time

Benefits offered by this job

Disability insurance

Retirement benefits

Paid leave and holidays

Life Insurance

Flex Spending Accounts

Job summary

Northern Virginia Transportation Authority (NVTA) is seeking a detail-oriented Financial Accountant to join our Finance/Administration team in Northern Virginia. This role supports a broad range of financial operations, including accounting, budgeting, grant coordination, and procurement, with a hybrid schedule and remote Mondays/Fridays.

Ideal candidates have a Bachelor's in accounting or related field with 4 years of professional accounting experience, familiarity with GAAP and GASB, and

Qualifications

• Bachelor's degree in accounting, Finance, or Business Administration with a concentration in Accounting.
• Four years of relevant professional accounting experience; local government or public-sector experience preferred.
• CPA designation, a relevant master’s degree, or another related professional certification strongly preferred.
• Experience with GAAP and GASB standards.

Responsibilities

• Perform general ledger accounting, accounts payable, transaction processing, journal entries, and reconciliations.
• Coordinate and complete monthly accounting close activities and month-end reporting.
• Coordinate year-end closing activities and supporting documentation.
• Support GAAP/GASB-based financial reporting and audits; prepare schedules and respond to auditor requests.
• Assist in grant coordination, project reimbursements, and procurement/contract management.
• Provide IT service coordination support and contribute to special projects for management.

Skills

Microsoft Excel

GAAP knowledge

Regulatory compliance

Communication

Education

Bachelor's degree in accounting, Finance, or Business Administration with accounting concentration

Four years of professional accounting experience; local government/public sector preferred

Job description

Salary: Starting at $95,000 to $115,000 (Salary dependent on experience)

Description

The Northern Virginia Transportation Authority (NVTA) is seeking a detail-oriented and motivated Financial Accountant to join our team. This is an excellent opportunity to build your accounting career while contributing to transportation investments that improve how people live, work, and travel throughout Northern Virginia.

Experience a quiet, professional office setting, just steps from the Metro. NVTA offers a hybrid schedule, currently allowing remote work on Mondays and Fridays (subject to change). Attendance at a monthly evening meeting is required. NVTA has been designated as a Best Workplace for Commuters with offices located near major highways (I-66 and I-495), the Dunn Loring Metro Station (Orange Line), and a commuter bus lot served by Fairfax Connector and Metrobus. Employees can also access the nearby W&OD and I-66 active transportation trail.

In this role, you’ll support a broad range of financial and administrative operations that advance NVTA’s regional transportation mission. As part of a collaborative finance team, you’ll contribute to accounting and financial reporting, revenue and budget analysis, project reimbursement reviews, procurement and contract management, and grant coordination. You’ll also support outsourced IT services and undertake special projects that inform decisions and strengthen the Authority’s operations.

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.

Preferred Characteristics

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.

Qualifications

Education and Experience

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

Working for NVTA

Background

NVTA is a regional entity dedicated to reducing congestion and improving the quality of life for those who live, work and travel in Northern Virginia. Through a dedicated revenue stream, NVTA invests in multimodal transportation solutions, ranging from roadway and rail improvements to technology, bicycle and pedestrian infrastructure, and bus transit expansion.

Since securing its revenue stream in 2013, NVTA has invested nearly $5.8 billion in projects across Northern Virginia. Collectively, these investments are projected to:

• Save 500 million hours of travel time by 2040, and
• Generate $8 billion in value of time savings for Northern Virginia taxpayers.

NVTA’s work is guided by TransAction, Northern Virginia’s long-range transportation plan, and the Six Year Program, the regional funding program adopted by NVTA every two years that is valued at approximately $700million.

NVTA operates with a highly collaborative team of 23 professionals across three areas:Transportation Planning & Programming (TPP), Finance/Administration and Communications/Public Engagement. NVTA’s small, dynamic staff requires individuals who thrive in a fast-paced environment, have judgment, and work independently while building strong relationships with regional partners.

NVTA staff currently work in the office on Tuesdays, Wednesdays and Thursdays, with the remaining portion of the week working remote. Each employee has an individual hard walled office.

Work will typically be performed in a quiet, office environment. Support to Authority (and potentiallycommittee) meetings will be in a public meeting environment. Authority and committee meetings are often conducted during evening hours. Attendance at other regional evening meetings may be required. During periods of public engagement, evening and weekend work may be required.

NVTA has been designated as a Best Workplace for Commuters with offices located near major highways (I-66 and I-495), the Dunn Loring Metro Station (Orange Line), and a commuter bus lot served by Fairfax Connector and Metrobus. Employees can also access the nearby I-66 active transportation trail.

• 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 basisof race, sex, color, national origin, religion, age, veteran status, political affiliation or disability.