Director, General Ledger

About the role

Join NJ TRANSIT in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service and are looking for talented individuals with a commitment to excellence.

Responsibilities

• Direct the timely monthly closing of the General Ledger (GL) system, formulating and communicating schedules for closing.
• Interpret and analyze financial results for management, including budget-to-actual variance analysis.
• Direct the maintenance of accounting records using the GL system and propose system modifications to maintain compliance with legal, regulatory, and technological changes.
• Implement and oversee the development and enhancement of the general ledger and fixed asset subledger systems, including creating test plans for fixes and upgrades.
• Coordinate the weekly processing of subsystem data into the General Ledger and oversee journal data entry.
• Establish account analysis procedures, assign responsibilities to departments, and review and approve completed analyses.
• Ensure timely submission of account reconciliations and adequate explanations of variances.
• Guide the integration of all cash and temporary cash investment accounts into the General Ledger and ensure proper reconciliation.
• Interact with Cash Management, Payroll, Accounts Payable, and other departments, as well as banking institutions, to resolve discrepancies.
• Facilitate the development and flow of cash reconciliation information and recommend resolutions.
• Direct the preparation of financial statements and provide explanatory comments for management decisions.
• Direct both professional and agreement staff, assisting in hiring and training new General Ledger staff.
• Provide supervision to the Manager of GL, Manager of Accounting, and Senior Manager of Fixed Assets and Inventory.

Requirements

• Bachelor’s Degree in Accounting.
• Seven (7) years of applied progressive financial management experience.
• CPA firm experience highly desired.

Skills

• Knowledge of computerized financial systems required; understanding of financial subsystem operations preferred.
• Proficiency in Excel, Word, Access, and PowerPoint.

Benefits

• 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 savings plan with up to a 3% company match.
  • 457(b) – Deferred Savings Plan.