Financial Reporting Accountant
About this position
The Massachusetts Teachers Association (MTA) represents over 117,000 members and nearly 400 locals across the state and employs a full-time staff of over 170. Our members are public school teachers, faculty, professional staff, and education support professionals working at public schools, colleges, and universities. As a member-driven organization and the largest union in New England, our collective power makes MTA an influential voice for educators, students, and their communities. We are proud to be an advocate for social, racial, and economic justice and for a public education system that provides one of the cornerstones of a democratic society.
Major responsibilities
The Financial Reporting Accountant maintains the general ledger, performs financial reporting functions, reconciles general ledger accounts, prepares and compiles budget data and compiles budget data and financial analysis for all Massachusetts Teachers Association entities.
Essential job functions
- Calculates, records and enters general ledger journal entries.
- Collaborates monthly general ledger, accounts payable and payroll closings.
- Maintains the general ledger and reconciles general ledger accounts.
- Prepares monthly financial statements, versus budget, including financial reporting packages for the Executive Committee, Board of Directors and Management.
- Prepares, maintains and analyzes summarization and reporting of the organization's budget; including correspondence to division or department heads, as required.
Specific responsibilities
- Posts cash transactions to the general ledger throughout each month.
- Deposits miscellaneous checks (non-membership), cash receipts, including STD/LTD/PFML and Misc. A/R payments and maintains supporting schedules.
- Performs month-end close duties, calculates and records general ledger journal entries and prepares accounting schedules.
- Prepares balance sheet reconciliations on a monthly basis.
- Aids in the preparation of monthly financial statements versus budget, including financial reporting packages for the Executive Committee, Board of Directors and Management.
- Prepares timely and accurate internal financial reports and analyses.
- Aids in the preparation of the annual budget by performing various trend and related analyses and maintaining the budget files.
- Compiles and reviews bank balances and transactions to forecast cash accurately.
- Attends budget committee meetings, Executive Committee meetings and Board meetings, as required.
- Maintains confidentiality of Association records.
- Works cross-functionally with other departments by providing training as needed.
- Prepares and distributes periodic custom cross-functional reporting as requested.
- Performs annual year-end accounting close and financial reporting duties, such as intercompany elimination entries, functional expense reporting, various financial analyses, and footnote preparation and analysis.
- Aids in the financial audit by reviewing and updating process documentation, coordinating with other divisions on audit requests, providing required reports, analyses, and other requested support to external auditors.
- Aids in supporting other required external audits, including the pension plan and 401(k) audits.
- Supports and assists with the federal and state tax returns.
- Maintains and documents chart of accounts and reporting tools.
- Addresses and researches budget or other financial related inquiries from management.
- Performs invoicing and collection activities relating to receivables from external parties, such as reimbursements, grants receivable, and external printing and mailing invoices.
Qualifications
- Bachelor's degree (or equivalent experience in a broad range of financial accounting and reporting is required).
- A minimum of 5 years of a broad range of financial accounting and budget experience required.
- Excellent interpersonal skills, both verbal and written, and excellent organizational skills.
- Proven ability to deal with the public.
- Attention to detail and extreme accuracy.
- Knowledge of and experience in applying accounting principles and procedures. Extensive experience of financial systems, including accounts payable, general ledger, payroll and others.
- Proficiency in common spreadsheet applications; word processing software, report writing and data base management systems.
- Minimal travel is required.
- A strong work ethic and adherence to departmental and organizational financial and operational ethical standards.
- Proven ability to work as a team member in a fast-paced financial environment. Nights and weekends may be required.
- A positive, cooperative attitude.
Salary Information
$98,990 - $143,341
Annual Salary