Accountant - College & Foundation (Hybrid)

Allegany College of Maryland•Cumberland, MD

1d•Hybrid

About The Position

The Accountant is responsible, in conjunction with the Budget Coordinator and Controller, for accounting for the Foundation. The position also handles College bank reconciliations, cash flow, and journal entries, and assists the Controller with coordinating, follow-up, administrative, and accounting duties. For College accounting, the Accountant manages cash-flow activities, processes financial transactions, reconciles accounts and deposits, handles bank-related matters, prepares tax reports and invoices, supports account maintenance and billing, and assists budget managers. The role also supports year-end closing and audit processes, including providing information to external auditors. For Foundation accounting, the Accountant works with the Foundation and Finance Departments to process and report transactions, reconcile accounts, prepare financial reports, collect investment statements, and support compliance, closing, and annual audit activities. The Accountant also prepares reports, presents and responds to questions about Foundation accounting for the Foundation Board, and manages Foundation investments in coordination with outside investment managers. The position may develop and recommend accounting policies and procedures, maintain Project Accounting codes and reports, and perform other duties as assigned. Allegany College of Maryland describes its workplace as a close-knit, family-like environment focused on student success and transformation. The position is hybrid.

Requirements

Bachelor’s degree in accounting or business.
At least 3 years of accounting experience.
Demonstrated high level of accounting knowledge.
Ability to use computer operations and software effectively, especially spreadsheets and word processing.
Ability to perform multiplication, division, and percentages.
Ability to communicate professionally and present information to a group.
Must be currently authorized to work in the United States without requiring visa sponsorship now or in the future.

Responsibilities

Manage College cash flow and work with Finance Department colleagues to enhance institutional investment decisions.
Prepare, process, and record financial transactions for College funds.
Reconcile and process deposits for College auxiliary enterprises, including the Dental Hygiene Clinic, Nurse Managed Wellness Center, Athletics, and Gateway Center; identify and resolve deposit problems.
Submit daily check runs and Positive Pay removals to the bank, and make Positive Pay bank decisions as needed.
Prepare monthly bank statement reconciliations for College Transfers, Accounts Payable, Payroll, Flex Spending, and Health and Dental Self-Insurance.
Coordinate and resolve credit card merchant disputes.
Prepare monthly and quarterly Retail Sales Tax reports.
Research and resolve banking errors through correspondence with bank personnel and ACM departments.
Bill and collect funds from the Maryland Higher Education Commission for optional retirement plans.
Process additions, deletions, and revisions to the College Chart of Accounts.
Prepare the annual SAM renewal.
Prepare invoices for the Cumberland Office of Assessment & Taxation lease and other billings as needed.
Prepare monthly housing management fee invoices and reimburse the College for monthly housing expenses.
Assist budget managers with questions or problems concerning financial transactions in their accounts.
Assist the Controller with year-end closing and audit processes, including providing external auditors with bank reconciliations, investment income, and miscellaneous accounts receivable information.
Work with Foundation and Finance Departments to prepare, process, and report Foundation financial transactions.
Reconcile Foundation accounts and transactions, prepare financial reports, and collect investment account statements.
Work with outside auditors and Foundation staff to ensure accounting-standard compliance for Foundation records, including year-end closing entries, financial statements, and the annual audit report.
Prepare ad hoc or special reports in coordination with the Vice President of Advancement and Community Relations and the Director of the Foundation.
Prepare and present Foundation accounting information to the Foundation Board and answer questions.
Manage Foundation investments and coordinate investment strategies with outside investment managers.
Develop and recommend policies and procedures for College accounting operations.
Set up and maintain Project Accounting codes and reports.
Perform other duties as assigned.