Principal Accountant (Financial Reporting)

NJ TRANSIT; Newark (NJ); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Comprehensive health insurance

Retirement plans

Tuition assistance

Paid leave

Pre-tax commuter benefits

Job summary

NJ TRANSIT is seeking a dedicated accounting professional to monitor financial data, ensure accurate reporting, and support compliance with federal and state regulations. This role emphasizes pension-related reporting, close processes, and management reporting.

Responsibilities include preparing detailed management reports, government filings, audit support, and mentoring junior staff. A Bachelor's in accounting with 5 years of experience is required, with strong Excel, PowerPoint, and Oracle GL

Qualifications

• Bachelor's degree in accounting and five years of applied accounting experience.
• Experience with financial statements and footnotes.
• Experience with pension reports desired.

Responsibilities

• Monitors the accounting, reporting and control of financial data for accurate expenditures.
• Prepares and distributes detailed reports for management to facilitate financial information flow.
• Prepares government reports to meet compliance requirements.
• Reconciles financial data and prepares workpapers and statements for pension plans.
• Supports annual audit activities and prepares journal entries during monthly close.
• Prepares PowerPoint presentations for monthly board financial package.
• Oversees lower-level accountants on tasks and projects.
• Performs other duties as assigned.

Skills

MS Excel

PowerPoint

Oracle General Ledger

Financial reporting

GAAP knowledge

Education

Bachelor's degree in accounting

Tools

Oracle General Ledger

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

Monitors the accounting, reporting and control of financial data to ensure the accurate maintenance and reporting of expenditures in accordance with accounting standards, NJ TRANSIT policy and procedures, and federal and state regulations.

Participates in the implementation and development of NJ TRANSIT policies and procedures in order to maintain consistency, improve methodology and efficiency of accounting operations.

Roles And Responsibilities

• Prepares and distributes detailed reports for all levels of management to facilitate the flow of financial information.
• Prepares various government reports to meet federal and state compliance requirements.
• Responsible for reconciling financial data and preparing workpapers and financial statements for NJ Transit's defined benefit pension plans and defined contribution plans.
• Works with the financial reporting team on the preparation of financial statements and footnotes for the annual reports, also prepares the various supporting schedules for year-end audits.
• Assists the external auditor in collecting information from internal and external sources for the annual audit, also follows up on pending issues.
• Performs assigned duties during the monthly close including, but not limited to, preparation of journal entries and analysis, processing transactions, and research into significant budget variances.
• Prepare power point presentation for monthly board financial package.
• Provides oversight direction to lower-level accountants in the performance of specific tasks or special projects.
• Performs all other duties as assigned.

Education, Experience, And Qualifications

• Bachelor's degree in accounting and five (5) years of applied accounting experience.
• Experience with preparation of financial statements and footnotes required.
• Experience with pension reports desired.

Essential Knowledge and Skills

• Knowledge of computerized financial systems required.
• Oracle General Ledger experience highly desired.

Preferred

• Must be proficient in Microsoft Office Products with advanced MS Excel and Power Point experience.
• Must have excellent written and verbal skill.
• Strong accounting technical skills preferable.

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

NJ TRANSIT is an Equal Opportunity Employer