Principal Accountant

NJ TRANSIT

Newark (NJ)

On-site

USD 70,000 - 90,000

Full time

14 days+

Get more replies from employers

Send a job-specific resume in minutes.

Benefits offered by this job

Comprehensive Family Health Insurance

Flexible Spending Account

Life Insurance

Paid Leave

Tuition Assistance

Retirement Plans

401(a) - Retirement plan with 6% employer contribution

401(k) - Retirement saving plan with up to 3% company match

457(b) - Deferred Savings Plan

Job summary

NJ TRANSIT is seeking a Principal Accountant to oversee project accounting and capital billing. This role involves ensuring accurate recording of project costs, monitoring budgets, and collaborating with project managers on financial matters.

The ideal candidate will have a Bachelor’s degree in accounting and five years of experience in financial systems. The position offers comprehensive benefits including health insurance, retirement plans, and tuition assistance.

Qualifications

5 years of recent experience in Accounting and Financial systems.
Experience working with grants and/or contracts accounting is preferred.
Good understanding of general accounting concepts and internal controls.

Responsibilities

Oversee financial aspects of project accounting and capital billing.
Ensure timely recording of project costs and monitor budgets.
Collaborate with project managers to provide financial insights.

Skills

Intermediate Microsoft Excel

Access skills

Word skills

Knowledge of the Capital Project Accounting System (CPAS)

Strong ability to establish priorities and meet deadlines

Education

Bachelor’s degree in accounting, Finance, or Business Administration

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

The Principal Accountant, Project Accounting and Capital Billing, is responsible for overseeing and managing the financial aspects of project accounting and capital billing within an organization. They ensure accurate and timely recording of project costs, monitor project budgets, and analyze variances. Additionally, they collaborate with project managers and stakeholders to provide financial insights and recommendations. The Principal Accountant also plays a key role in capital billing processes, ensuring proper invoicing and tracking of capital expenditures. Strong accounting knowledge, attention to detail, and analytical skills are essential for success in this role.

This position is to manage the implementation of accounting and policies related to Federal and State grants such as federal stimulus programs, Cares Act funds, interpret FTA circulars, and assist director of project accounting and capital billing department.

Roles And Responsibilities

Performs various accounting duties related to processing bills, preparation of federal and state external reports, processing funding and project transactions, financial system enhancement testing and development of work plans for special assignments.
Responsible for reviewing and verifying accuracy of funding requirements processed in the Capital Project Accounting System. Ensure appropriate information and funding codes are established in accordance with New Jersey Transit policy and grant requirements.
Responsible for the monthly and year-end close and reconciliation of CPAS system, in accordance with the Financial Department closing schedule.
Performs the CPAS system close and executes monthly, quarterly and year end system reporting.
Generates ad hoc reports from the CPAS system and complete special requests as required.
Research and resolve all investigation and requests for Project Accounting services in a timely fashion.
Responsible for grant closeouts including research and resolution of issues and preparation of final close out package.
Maintains and storage financial Project Accounting files such as billing documents, grant agreements, Single Audit reporting documentation, Federal Financial Reporting forms, and other proprietary items.
Train new and existing users in the use of Capital Project Accounting System (CPAS) to assist in managing of projects.
Actively participate in internal and external financial audit reviews such as Single audit review, Improper Payment audit, Federal Transit Authority Survey, Federal Triennial Review and other financial audits.

Education, Experience And Qualifications

Bachelor’s degree in accounting, Finance, or Business Administration or related area, or equivalent, and five years of recent experience in Accounting and Financial systems.

Essential

Knowledge and Skills

Knowledge of the Capital Project Accounting System (CPAS) software is desired.
Good understanding of general accounting concepts, policies and procedures, and internal controls.
Experience working with grants and/or contracts accounting is preferred.
Strong ability to establish priorities, meet deadlines, and multi-task.
Candidates must have Intermediate Microsoft Excel, Access and Word skills.
Excellent written and verbal communication skills are required.

Benefits