Principal Accountant (Trust Accounts)

City of Boston

About The Position

Under the supervision of the Trust Accounting and Investment Supervisor, the Principal Accountant will be responsible for analyzing, comparing, and interpreting financial data and statements.

Requirements

A bachelor’s degree in accounting, finance, business, public administration, or a related field is preferred. Experience in trust accounting is a plus.
Strong knowledge of bank operations, financial transactions, financial record keeping, audits, and accounting functions.
Comprehend general accounting principles and practices.
Strong understanding of financial statements, reports, accounting ledgers, and journals.
Perform detailed work accurately and promptly.
Proficiency in Microsoft Office and Google Suite.
Experience in PeopleSoft.
Ability to work in a diverse environment, communicate effectively with the remainder of the Treasury team.
Capable of completing several projects simultaneously and working independently.
Strong and effective communication skills.
Boston Residency Required

Responsibilities

Maintaining and balancing trust accounts by verifying, allocating, posting, and reconciling transactions and resolving discrepancies.
Assist in the annual Trust audit.
Maintain general ledgers, preparing trial balances, and reconciling entries.
Summarizing financial statements and preparing balance sheets.
Recording daily Trust fund cash flows, setting up payments, and sending transmittals to the bank.
Run standard and custom reports, identify and correct variances as necessary.
Review year-end financial statements.
Processes checks for deposit and similar transactions, including e-deposit transactions.
Assist with data entry and spreadsheets.
Processes vendor payments.
Performs related work as required.