Description Position at MTA Headquarters
JOB TITLE:
Financial Accounting Analyst III
DEPT/DIV:
Accounts Receivable Reconciliation and Processing
SUPERVISOR:
Senior Manager Lease Accounting
WORK LOCATION:
2 Broadway, New York, NY 10004
HOURS OF WORK:
9:00 am - 5:30 pm (7.5 hours/day, or as required)
FULL/PART-TIME
FULL
SALARY RANGE:
$86,682 - $96,313
DEADLINE:
Until filled
This position is eligible for telework which is currently one day per week. New hires are eligible to apply 30 days after their effective date of hire.
Job Summary:
This position is responsible for the accounting and financial reporting of leases (lessor & lessee), subscription-based Information Technology arrangements, and Public-Public Partnerships and Availability Payment Arrangements. The incumbent will be responsible for processing journal entries and analyzing accounting transactions, and assisting with the preparation of footnote disclosures, with an emphasis on leases.
Responsibilities:
- Review reports and prepare monthly journal entries on GASB 87 leases, GASB 96 subscription-based Information Technology arrangements, GASB 94 Public-Private and Public-Public Partnerships and Availability Payment Arrangements.
- Review lease procurement contracts and purchase orders to ensure proper accounting treatment.
- Assist with preparation of annual composite of leased vehicles for financial reporting in accordance with GASB 87.
- Coordinate with procurement, business operations, MTA Real Estate, MTA IT, Yardi systems, and Greystone on leases and subscription-based Information Technology arrangements.
- Prepare monthly rental revenue and resolve reconciling items with Yardi reports.
- Assist with preparing the GASB 87, GASB 96, and GASB 94 footnotes, supporting schedules, and account analysis required for financial reporting.
- Provide information as needed for internal and external audits
- Interface with BSC, Project Management, Budgets, Operations, IT, as well as internal and external customers, to investigate and resolve various accounting issues and ensure essential financial data is accurately reported in the accounting system.
- Assist in the month-end and annual accounting close. Prepare general ledger monthly account analysis and schedules. Resolve discrepancies and prepare various journal entries as needed
- Develop and run PeopleSoft queries to assist with the monthly close and analysis
- Support Accounting Managers and Supervisors
- Other duties as required
Required Knowledge/Skills/Abilities:
- Accounting Compliance
- Financial Auditing
- Must possess an understanding of generally accepted accounting principles.
- Must have experience with monthly general ledger closing and financial reporting.
- Must possess knowledge of Microsoft Office (Excel, Word, PowerPoint), including macro development and pivot tables.
- Must have excellent analytical, problem-solving, and quantitative skills.
- Must possess outstanding writing skills and good communication skills.
- Must be able to convey information both in a precise technical manner and in a concise understandable manner.
- Must be comfortable working as part of a group as well as independently.
- Must be able to perform the functions of this position without the need for direct hands-on supervision from the immediate supervisor of this position. It is expected that the individual in this position will take initiative to resolve issues without constant supervision.
Required Education and Experience:
- Bachelor's degree (preferably in accounting, finance, business, business administration, economics, or related field). An equivalent combination of education and experience may be considered in lieu of a degree.
- Minimum 4 years of progressive financial/accounting experience with a major government or corporate entity. A master's degree may substitute for two years of experience.
The Following is/are preferred:
- MBA or CPA
- Experience working with contracts and purchase orders (financial compliance)
- Experience in PeopleSoft or similar ERP system and lease accounting software
Other Information
May need to work outside of normal work hours (i.e., evenings and weekends)
Travel may be required to other MTA locations or other external sites.
According to the New York State Public Officers Law & the MTA Code of Ethics, all employees who hold a policymaking position must file an Annual Statement of Financial Disclosure (FDS) with the NYS Commission on Ethics and Lobbying in Government (the "Commission").
