Accountant II

Responsibilities

• Fixed Asset Accounting & Compliance
• Support fixed asset accounting activities, including capitalization, disposals, transfers, and depreciation in compliance with GASB standards and organizational policy.
• Maintain reconciliations of the fixed asset subledger to the general ledger, ensuring accuracy, completeness, and proper classification.
• Review and approve capital expenditures, ensuring appropriate application of capitalization criteria, useful lives, funding treatment, and asset classification.
• Research, interpret, and support implementation of new and existing GASB pronouncements, ensuring compliance and appropriate application in financial reporting.
• Own and monitor Construction in Progress (CIP), including activity tracking, aging analysis, identification of cancelled or stalled projects, and timely capitalization or closure.
• Oversee capitalization of project and labor costs, ensuring proper documentation and alignment with accounting policies.
• Partner with project managers and departments to support accurate project accounting and timely asset placement in service.
• Prepare, review, and post journal entries related to fixed assets, including depreciation, capitalization, disposals, transfers, and CIP activities.
• Support month-end and year-end close through reconciliations, rollforwards, and variance analysis of fixed asset balances.
• Perform asset lifecycle activities, including additions, retirements, transfers, impairments, vehicle title maintenance, and coordination of periodic physical inventories.
• Support maintenance and continuous improvement of fixed asset capitalization policies, procedures, and internal controls.
• Prepare audit schedules and supporting documentation; coordinate with internal and external auditors.
• Analyze capital expenditures and asset trends to support management reporting and decision making.
• Maintain financial security by following established internal accounting controls.
• Support Capital Metropolitan Transportation Authority’s Safety Management Systems (SMS) process by following safety and security policies, considering safety in every action and reporting safety and security concerns.
• Audit, Analysis & Stakeholder Support
• Prepare audit schedules and supporting documentation; coordinate with internal and external auditors.
• Analyze capital expenditures and asset trends to support management reporting and decision making.
• Maintain financial security by following established internal accounting controls.
• Support Capital Metropolitan Transportation Authority’s Safety Management Systems (SMS) process by following safety and security policies, considering safety in every action and reporting safety and security concerns.

Qualifications

• Bachelor’s degree in accounting, Finance or related field.
• Relevant experience may substitute for the required degree on a year for year basis up to four (4) years.
• Three (3) years of progressively responsible experience reconciling financial accounts, preparation of journal entries, and experience with fixed assets, capitalization, or capital project accounting.
• Experience with fixed asset subledger systems; capital project tracking, and Oracle Fusion software preferred.
• Knowledge of governmental accounting standards (GASB) and capital asset reporting preferred.
• Intermediate level experience working in Windows environment (Word, Excel) utilizing financial application software.
• Knowledge of generally accepted accounting principles (GAAP).
• Knowledge of the preparation process of financial statements in conformity with generally accepted accounting principles.
• Knowledge of financial reporting concepts and preferred business practices.
• Skilled in effective verbal and written communication; analyzing and interpreting financial records; processing performing basic mathematical calculations; processing large volumes of numerical data; classifying fiscal data and compiling fund level statements and reports; designing spreadsheets and utilizing word processing and database software; analyzing, preparing, checking and balancing routine fiscal transactions and accounts.
• Preparing reports and interpreting applicable policies, regulations, and guidelines.
• Ability to prepare accurate financial statements at an intermediate level of complexity.
• Skill in Ability to resolve problems or situations requiring the exercise of good judgment.
• Ability to establish and maintain good working relationships within the department and with other departmental peers.