21609 - Financial Reporting Accountant

Virginia Department of Transportation • Richmond, VA

21h

About The Position

Research, interpret, and apply GAAP, including relevant GASB Statements, in preparing VDOT’s financial schedules and submissions for inclusion in the Commonwealth’s financial statements. Ensure all financial data and disclosures comply with authoritative standards, State Comptroller directives, and VDOT policies. Provide reports and analyses to support informed departmental decision-making. How you will contribute: Financial Statements: Prepare financial statements and disclosure notes in accordance with GAAP and other applicable directives. Complete VDOT’s required submissions for inclusion in the State’s Annual Comprehensive Financial Report. Support year-end reporting processes, including coordinating with VDOT departments to gather and verify accurate information. Internal Controls: Support the evaluation and strengthening of internal controls to ensure reliable financial reporting and compliance with GAAP and State Comptroller directives. Monitor potential risks and recommend corrective actions to maintain a strong control environment. Policies and Procedures: Develop, write, and maintain policies and procedures that accurately reflect financial reporting requirements and promote consistency. Reporting: Prepare various monthly, quarterly and year-end financial reports for both internal and external consumption to include detailed expenditure reporting to Federal Highway Administration. Analyze, research and compile data for various financial reports. What will make you successful: Ability to analyze and interpret financial data. Ability to communicate effectively verbally and in writing with internal and external customers. Ability to maintain accurate records and prepare for audits or reviews. Ability to perform detailed work and perform mathematical calculations. Knowledge of Generally Accepted Accounting Principles and practices. Knowledge of financial management systems. Skill in advanced Excel usage for data analysis, pivot tables, and reporting. Skill in problem solving and attention to detail when reviewing complex data or transactions. Skill in the use of computers and web-based applications. Skill in time-management to ensure efficient and effective task completion.

Requirements

• Ability to perform detailed work and perform mathematical calculations.
• Ability to work as a team player.
• Knowledge of Generally Accepted Accounting Principles and Practices.
• Skill in the analysis and interpretation of financial data.
• Skill in the use of computers and web-based applications including financial management systems.
• Skill in time-management to ensure efficient and effective task completion.

Nice To Haves

• A combination of training, experience or education in Accounting or related field desired.
• CPA, CIA, or CGFM certification desired.
• Experience applying knowledge of financial management systems.
• Experience implementing GASB pronouncements desired.
• Experience in preparing and coordinating financial reporting for a government entity.
• Experience reflecting knowledge of Generally Accepted Accounting Principles and practices.
• Experience using enterprise financial systems such as PeopleSoft.

Responsibilities

• Prepare financial statements and disclosure notes in accordance with GAAP and other applicable directives.
• Complete VDOT’s required submissions for inclusion in the State’s Annual Comprehensive Financial Report.
• Support year-end reporting processes, including coordinating with VDOT departments to gather and verify accurate information.
• Support the evaluation and strengthening of internal controls to ensure reliable financial reporting and compliance with GAAP and State Comptroller directives.
• Monitor potential risks and recommend corrective actions to maintain a strong control environment.
• Develop, write, and maintain policies and procedures that accurately reflect financial reporting requirements and promote consistency.
• Prepare various monthly, quarterly and year-end financial reports for both internal and external consumption to include detailed expenditure reporting to Federal Highway Administration.
• Analyze, research and compile data for various financial reports.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed