Accountant

Towson University•Towson, MD

11d

About The Position

The Accountant prepares and reviews financial documentation and reports for Towson University. The role analyzes federal draws for financial aid awards and designated grants, comparing the Cash Origination Disbursement site with general ledger detail to verify that draws are authorized and limited to funds earned. Responsibilities also include preparing financial schedules, reports, accrual journal entries, and grant budgets; reconciling grant and balance sheet accounts; and assisting with implementation of new GASB requirements. The Accountant manages sales and use tax accounts, reviews unclaimed property, prepares annual 1099 data, and reviews state agency reports. The role works with Sponsored Research, Accounts Payable, the Stratus Financials team, and state agencies to resolve errors and ensure required submissions and corrections are completed. It also prepares monthly balance sheet reconciliations using Excel and the ARCs reconciliation system, documents procedures and workflows, investigates variances, and supports internal controls, audits, and compliance.

Requirements

Bachelor’s degree in accounting, finance, business administration, or a related field.
At least 18 accounting credits.
At least two years of professional accounting experience.
Working knowledge of Excel.
Ability to communicate effectively and build collaborative working relationships.
Ability to learn and apply new concepts and processes, manage multiple priorities, and perform work accurately with attention to detail.
Ability to document processes, maintain organized workpapers, and create clear supporting documentation.

Nice To Haves

Experience preparing reconciliations, journal entries, and supporting month-end close.
Experience with ERP systems and advanced Excel skills.
Experience supporting audits or preparing documentation.
Experience in higher education, governmental, or nonprofit accounting.

Responsibilities

Analyze and prepare documentation for federal draws for financial aid awards and designated grants.
Compare the Cash Origination Disbursement site with general ledger detail to ensure draw amounts are authorized and funds have been earned.
Prepare financial schedules and reports by compiling, researching, and analyzing relevant data.
Prepare accrual journal entries and complete financial schedules.
Assist with implementing new GASB requirements.
Enter new grant budgets based on award information.
Collaborate with the Office of Sponsored Research to ensure proper billing is entered into the general ledger.
Reconcile grant accounts.
Manage the university’s sales and use tax accounts and complete monthly and quarterly tax filings.
Review Maryland unclaimed properties monthly and submit requests for funds on behalf of Towson University.
Prepare data for annual 1099 submissions to the state, work with Accounts Payable to resolve issues, and coordinate with the state to meet timelines.
Review state agency reports; research and coordinate corrections and adjustments.
Work with Accounts Payable and the Stratus Financials team to identify the causes of errors, correct and release completed batches, and contact receiving state agencies when corrections are needed.
Prepare monthly balance sheet account reconciliations using Excel and the ARCs reconciliation system, ensuring accuracy, completeness, and timely resolution of reconciling items.
Develop, maintain, and document reconciliation procedures, templates, and supporting workflows.
Analyze variances, investigate discrepancies, collaborate with relevant departments to resolve outstanding items, and improve reconciliation processes.