Principal Accountant - City of Tarrant

JobsQuest•Tarrant, AL

1d•$54,745 - $84,947•Onsite

About The Position

The City of Tarrant is seeking a well-qualified Principal Accountant to provide strategic direction and oversee the City’s daily financial operations. The incumbent may oversee accounts payable, accounts receivable, banking, general ledger, grant, and budgetary accounts while ensuring compliance with applicable federal, state, and local laws, regulations, and accounting standards, including Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) requirements. Responsibilities may include preparing and substantiating financial statements, coordinating internal and external audits of financial records, and ensuring the accuracy and integrity of financial information. The incumbent may also directly supervise Accounting Assistants, Accountants, and Senior Accountants and provide guidance to ensure effective and efficient financial operations.

Requirements

Bachelor's degree in Accounting, Finance, Business Administration or related field with a minimum of 18 semester hours in accounting classes including at least one intermediate level accounting class (i.e., 300 level or above).
Experience assigning and reviewing the financial work of others (e.g., verifying financial data for accuracy).
Experience preparing, analyzing, reviewing, and approving accounting functions such as general ledger, AP, AR, financial statements, payroll, and/ or budgeting.
Experience reviewing and/or reconciling financial accounts.
Experience using automated computer systems to post and balance financial transactions.
Experience using Excel (e.g., formatting spreadsheets using formulas and logic).

Responsibilities

Oversees the Accounts Payable (AP) and/or Accounts Receivable (AR) process by entering requisitions and payments, generating invoices and account statements and reconciling funds using accounting software in accordance with professional standards to maintain finances for a department or jurisdiction.
Oversees internal and external audits of financial records by acting as the point of communication, distributing audit-related tasks, and implementing changes identified during the audit consistent with Generally Accepted Auditing Standards (GAAS) and auditor transaction testing techniques to maintain compliance with professional standards and regulations.
Oversees the maintenance of banking records by researching banking and account information to provide recommendations to the department or jurisdiction regarding which banking institutions to utilize.
Prepares, monitors, and administers departmental or organizational budget by reviewing spending trends, expenditure reports, analyzing financial data and ensuring expenditures are within annual budgetary limits.
Performs the financial closing process at the end of an accounting period (i.e., monthly, quarterly, yearly) by analyzing account balances and performing balance sheet reconciliations to ensure compliance with federal, state and local guidelines and laws.
Oversees the maintenance of the general ledger (GL) by reviewing and approving journal entries, auditing the GL for accuracy, creating journal entries and general ledger adjustments, and reconciling the general ledger to other financial records to ensure completeness of information and compliance with federal. state and local guidelines and laws.
Oversees the maintenance and reporting of confidential governmental financial records according to federal, state, and local guidelines and laws (e.g., Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB)) by reviewing financial data and reports and preparing documentation related to financial activities to ensure organizational compliance.
Monitors agencies’ use of grant funds by verifying compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) to ensure that grant funds are used for their intended purpose.
Oversees the accounting and processing of employee payroll by reviewing and reconciling payroll data and preparing reports related to payroll activities in accordance with professional standards to ensure accurate payroll calculations and compliance with federal, state and local laws and guidelines.
Engages in activities designed to ensure professional development, awareness of developments in the field, and knowledge of relevant practices, rules, laws, policies, and/or guidelines.
Prepares requests for proposals and bid specifications for the jurisdiction or department(s) by reviewing current departmental needs and budget information in order to obtain bids from vendors for products or services.
Supervises staff by assigning and distributing work, directing staff in their job duties, monitoring progress of work, providing feedback and/or training.