Deposit Reconciliation Accountant

Virginia Information Technologies Agency • Chesterfield, VA

10d • $63,818 • Onsite

About The Position

This position monitors, analyzes, reconciles, and maintains accounting records for daily deposits, wire transfers, and suspense/liability account transactions. The role involves completing monthly and fiscal year-end reconciliations for suspense accounts (deposits pending distribution) and unearned/deferred revenue accounts. The Deposit Reconciliation Accountant ensures the accuracy and integrity of the University's cash receipt transactions by reconciling transactions posted to State bank accounts, monitoring and analyzing Student Banner feeds, maintaining balance and accuracy between Student Banner and Banner Finance systems, and processing daily deposit certificates. The position also analyzes, monitors, records, and reconciles student-related liability accounts, reviews daily cash receipt information and electronic wire deposits, processes student tuition scholarship interdepartmental transfer (IDT) transactions, and prepares or assists with fiscal year-end financial reporting requirements. Additionally, the role involves maintaining organized files and records of all processed financial documents, and performing other duties as assigned in support of General Accounting operations.

Requirements

• Demonstrated proficiency with Microsoft Office and working knowledge of database and other software programs, i.e., Excel, Access, and Word.
• Demonstrated ability to perform computations with reasonable speed and accuracy.
• Ability to sort, prepare/batch, file, and maintain financial records, reports and spreadsheets; process financial transactions; follow policies and procedures; collect and enter financial data; and resolve keying errors.
• At least three (3) years of accounting work experience in a fast-paced business environment.
• Knowledge of Generally Accepted Accounting Principles (GAAP) and governmental accounting principles with the ability to apply accounting concepts to daily financial operations.
• Experience reconciling high-volume, complex financial transactions, including transactions totaling millions of dollars, with strong analytical and problem-solving skills.
• Demonstrated attention to detail and ability to perform thorough transaction analysis.
• Demonstrated effective written and verbal communication skills.
• Strong organizational and interpersonal skills with the ability to prioritize and manage multiple priorities and meet deadlines.
• Intermediate proficiency with Microsoft Excel, specifically with use of tools such as formulas, filters, lookup functions, etc.
• Ability to meet strict month-end and fiscal year-end reporting deadlines while maintaining a high degree of accuracy.

Nice To Haves

• Bachelor's degree from an accredited college or university with a concentration in accounting or business administration.
• Experience working with the Banner financial system.
• Experience working with the Cardinal financial system.
• Experience recording, reconciling, and analyzing deposit transactions.

Responsibilities

• Monitor, analyze, reconcile, and maintain accounting records for daily deposits, wire transfers, and suspense/liability account transactions.
• Complete monthly and fiscal year-end reconciliations for suspense accounts (deposits pending distribution) and unearned/deferred revenue accounts.
• Ensure the accuracy and integrity of the University's cash receipt transactions by reconciling transactions posted to State bank accounts, monitoring and analyzing Student Banner feeds, maintaining balance and accuracy between Student Banner and Banner Finance systems, and processing daily deposit certificates.
• Analyze, monitor, record, and reconcile student-related liability accounts, including Suspense Accounts (255470) and Deferred Revenue Accounts (24060XX).
• Review daily cash receipt information and electronic wire deposits received through REDI VA and prepare related deposit certificates and journal entries.
• Process student tuition scholarship interdepartmental transfer (IDT) transactions.
• Prepare and/or assist with fiscal year-end financial reporting requirements, including Department of Accounts (DOA) attachments.
• Maintain organized files, records, and logs of all processed financial documents.
• Perform other duties as assigned in support of General Accounting operations.

Benefits

• Official transcripts will be required at the time of employment.
• The selected candidate will be subject to an extensive and complete background check, which may include fingerprinting.
• The candidate may be required to complete a Statement of Economic Interest as a condition of employment, if applicable.
• Employment-based visa sponsorship at Virginia State University (VSU) is not guaranteed and will be evaluated carefully on a case-by-case basis.
• Federal law does not require employers to provide immigration sponsorship, and VSU is not obligated to offer it.
• Employment at VSU does not permit an individual to work in the United States unless the appropriate employment authorization has been obtained and verified in accordance with federal immigration compliance requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level