Accountant I

FUNCTION: The Accountant I performs and assumes ownership of related accounting and financial analysis duties and critical processes, ensuring that work is performed in a timely, accurate, and efficient manner according to company standards and contractual agreements. This position is responsible for maintaining high levels of quality and productivity.

PRINCIPAL RESPONSIBILITIES AND DUTIES:

• Monitors and performs duties to enable proper flow of customer related funds by:
  
  
  
  • Preparing, reviewing and validating daily reconciliations.
  • Performing analysis and research to resolve funding and payment exceptions.
  • Continuously reviewing existing processes and recommends changes to improve efficiency and accuracy.
  
  
  
  
• Oversees monthly service fee processing for assigned division by:
  
  
  
  • Preparing monthly accrual worksheets using Tandem reports and manually prepared revenue items.
  • Preparing comparison reports to prior year/month to assess reasonableness of accrual.
  • Supporting the preparation of the monthly revenue accruals, reversals and final revenue entries.
  • Generating and delivering service fee invoices
  • Updating aging system with service fee invoices and generating bi-weekly/monthly aging reports for submission to management and client relations.
  • Applying service fee payments accurately and timely.
  
  
  
  
• Assists division management decision making by:
  
  
  
  • Explaining revenue and cost variances analysis as requested.
  • Ensuring proper coding of revenue and expense items.
  • Preparing ad hoc analyses as requested.
  
  
  
  
• Develops and maintains productive relationships with co-workers and resources both internal and external to department.
• Communicates and collaborates with resources to achieve optimal support of operating divisions, resolve issues, and recognizing achievements through frequent and regular feedback.
• Ensures procedures are developed and maintained for all assigned departmental tasks.
• Keeps the manager informed of any significant variances to standard departmental procedures and practices, including delays in resolving problems.
• Assumes additional responsibilities as assigned including, but not limited to, supporting the design and testing of application and process changes.
• Other duties as assigned.

SKILLS AND ABILITIES REQUIRED:

• Demonstrates strong interpersonal skills and a desire to work in a team environment.
• Exhibits logical problem-solving skills and ability to work independently.
• Effective communication skills including excellent listening skills and the ability to communicate professionally with all levels of staff, both verbally and in writing.
• Strong organizational skills to balance multiple tasks and priorities effectively.
• Administrative and analytical abilities to complete daily, weekly, and monthly accounting duties.
• Ability to learn new systems and utilize them in resolving reconciliation items and management decision making.
• Proficiency with Windows applications, especially Microsoft Excel.

MINIMUM LEVEL OF PREPARATION AND TRAINING NORMALLY REQUIRED:

• Bachelor's degree in accountancy or business with an emphasis in accounting or equivalent experience.