Accountant II, Accounts Payable - Denver

State of Colorado•Denver, CO

11d•Hybrid

About The Position

The Accountant II works in the Colorado Department of Transportation's (CDOT's) Accounts Payable section of the Center for Accounting within the Division of Accounting and Finance. The Center for Accounting ensures all financial related transactions for CDOT are recorded in compliance with generally accepted accounting principles (GAAP). The Accounts Payable (AP) section of the Center for Accounting is responsible for ensuring all transactions related to payments/payables are in compliance with GAAP and are made timely and accurately. The automated payments work group is tasked with implementing automated payment tools to increase the efficiency and accuracy of the overall accounts payable process. The Accountant II serves as the designated Lead Accountant for Accounts Payable for the Center of Accounting. This position holds primary responsibility for the comprehensive review and entry of non-federal aid billing and all miscellaneous accounts payables, supported by an ongoing customer service component. The Accountant II serves as liaison for State Infrastructure Bank (SIB) Loan business partners and loans and serves as the Enterprise point of contact for CDOT payroll billings. In addition, this position performs monthly, quarterly and year-end reconciliations of loan activities and General Ledger accounts and assists with 1099 compliance activities. This position provides cross-functional support for Accounts Payable operations and staff. This position ensures that the Internal control requirements are maintained and monitored utilizing the departments financial system of record, SAP. The Accountant II monitors the automated accounting document approval in SAP and the manual accounting document approvals at CDOT. This position utilizes knowledge of GAAP, GASB and FASB standards, and all State and Federal rules and regulations to identify and determine the automated process approval steps necessary to ensure compliance. This position provides professional accounting and technical guidance to internal and external customers as it relates to vendor management and Accounts Payable. The Accountant II also provides training as needed to internal and external customers regarding vendor management and Accounts Payable.

Requirements

At least six (6) years of professional Accounting or Auditing experience, with at least four (4) years of this experience in full-time professional accounting experience.
A combination of relevant education and experience equal to at least six (6) years Education from an accredited college or university that included at least 27 hours of coursework in Accounting or Auditing will be considered.
Professional Accounting and Auditing experience will be considered, with at least four (4) years of this experience in full-time professional accounting.
Must pass a pre-employment screening which may include social security number trace, criminal records check, public court records check, educational records, and driving records checks.

Nice To Haves

Demonstrated success with the duties listed in the Description of the Job section
Years of State service experience related to the duties of this position
Highest work/personal ethics and integrity
Professional knowledge of general accounting practices and standards, including GAAP, GASB, FASB, State fiscal rules, State financial reporting, and Federal requirements, State Auditor requirements, and IRS regulations
Strong accounts payable experience
Reconciliation and analytic skills to enable accurate, complete, and timely reconciliation of data between multiple accounting systems
Experience reconciling and correcting general ledger accounts to sub ledger type detail
Strong knowledge and operational expertise in revenue, receivables, and cash processes
Excellent tracking and reporting skills
Demonstrated leadership skills to facilitate accurate, complete, and timely development and analysis of data across multiple functional areas and systems
Excellent customer service experience including a proven ability to partner with professionals, consultants, and staff at all levels, with sensitivity to their needs and priorities
Experience guiding and training others on accounting processes
Strong Excel skills
Strong SAP skills
Excellent technical skills in Google, Microsoft Office Suite (Excel and Adobe), CORE, and the ability to quickly learn other software systems
Excellent written and verbal communication skills
Analytical skills to solve complex challenges
Ability to take initiative to solve problems in an innovative manner
Strong organizational skills with the ability to perform at a high level
Proven ability to manage multiple assignments, priorities, and projects in a demanding environment
Ability to work under tight deadlines and be adaptable to changing assignments
Strong attention to technical detail
Ability to work effectively in both independent and team situations
Effective interpersonal and relationship-building skills

Responsibilities

Serve as the Lead Accountant in the Accounts Payable section for the Center of Accounting and provide essential backup for other key Accounts Payables positions.
Execute all phases of 1099 tax reporting.
Provide training as needed to internal and external customers regarding vendor management and Accounts Payable.
Perform complex monthly inter-agency billing for payroll administrative services provided for CDOT's High Performance Transportation Enterprise (HPTE) and Bridge Enterprise.
Track services via statistical Internal Order numbers and generate invoice drafts upon official notification that the monthly payroll and benefit allocations are finalized.
Post and clear all Enterprise payments, payroll and non-payroll.
Evaluate whether amounts have been posted correctly and provide recommended changes as necessary to ensure accuracy and completeness.
Reconcile and close transactions in both the Accounts Receivable and Accounts Payable systems without generating physical checks.
Create and enter State Infrastructure Bank (SIB) Loan new business partner and loan information into SAP SIB Modules.
Invoice SIB loan recipients and monitor the reception and posting of payments.
Act as the custodian of SIB loans documentation.
Generate quarterly SIB loan reports for management review and approval.
Utilize state fiscal rule to reconcile SIB loan escrow agent statements with expense / disbursement reports received and approved by CDOT.
Ensure SIB loan balances in the SAP loan module balances to the SAP loan receivable GL account balance.
Perform monthly reallocation of SIB interest revenue to sub funds based on a report that CDOT receives from Treasury for interest.
Perform year-end accrual entry for SIB loans interest revenue.
Perform financial reconciliations between the CDOT financial system SAP and the State system of record, CORE that are received on reports which include trial balance reports, diagnostics reports, abnormal balance reports.
Routinely review and clear exceptions identified in diagnostic and trial balance reports, such as Abnormal Balances report, focusing on General Ledger account discrepancies and clearing account balances adhering strictly to the state’s open/close calendar.
Collaborate with supervisors and managers in the preparation and review of departmental financial Exhibits year-end documents required to support the State's Annual Comprehensive Financial Report.
Manage and reconcile CDOT’s related Prepaid Asset Account.
Record for approval a variety of customer invoices on a daily basis.
Ensure cash payments to vendors are coded and processed properly.
Other duties as assigned.