Accounting Specialist II

Tennessee Tech•Cookeville, TN

1d•Onsite

About The Position

This position is responsible for reconciling all bank accounts for various TTU entities, including the University, TTU Foundation, and Tech Farms, LLC, utilizing the Oracle Cash Management module. Reconciliations must be completed within 30 days of the prior month's end to avoid audit findings. The role involves communication with Business Office personnel to ensure correct transaction entry, comparing bank statement balances to general ledger balances, and making recommendations for discrepancies. The position also handles monthly reconciliation of unclaimed property, including annual notifications to payees and remittance of stale-dated checks to the state. Additionally, the role performs other financial reconciliations as requested by management and other assigned duties.

Requirements

Bachelor's degree from an accredited institution in a business or related field.
At least two years of relevant work experience.

Nice To Haves

Prior experience with bank or other accounting reconciliations.
Oracle ERP experience.
Financial related higher education experience.
Excellent mathematical and procedural analytical skills.
Excellent written and verbal communication skills.
Ability to multi-task in a fast-paced environment.
Ability to meet frequent deadlines.
Knowledge of software such as Microsoft Office Suite (Excel, Word, Outlook, PowerPoint, Access).

Responsibilities

Utilizing the Oracle Cash Management module, reconcile all bank accounts for all TTU entities, including the University, TTU Foundation, and Tech Farms, LLC, within 30 days of the last day of the prior month.
Communicate with Business Office personnel regarding transactions affecting cash management to ensure correct entry.
Review all transactions for six University bank accounts and one for Tech Farms, LLC, reconciling them separately for each account, including multiple entities on one shared account.
Compare bank statement balances to general ledger balances and make recommendations to Business Office staff for discrepancies.
Train appropriate backup personnel on the Talon cash management module and bank reconciliation processes.
Reconcile unclaimed property on a monthly basis.
Send annual notifications to all payees on the outstanding unclaimed property listing.
Remit stale-dated checks not rewritten to the State of Tennessee or other applicable state.
Remit unclaimed property totals to each state electronically and communicate information to the Assistant Controller.
Perform other financial reconciliations as needed or requested by Business Office management.
Perform other duties as assigned.