Principal Accounting/Financial Analyst

City of Cambridge MA • Cambridge, MA

124d

About The Position

The City’s Auditing Division promotes an honest, effective, and fully accountable City government. It strives to provide independent, timely oversight of the City’s finances and operations to ensure that City programs are implemented legally, efficiently, and effectively. The Division functions as a safeguard against potential fraud or misuse of City resources. Auditing contributes to deadline-driven documents such as the Annual Comprehensive Financial Report, Schedule A, and the Per-Pupil Report, which play a crucial role in providing financial and other information to the City Council, City Manager, the investment community, the state and federal governments, and the residents of Cambridge. The Auditing Division uses electronic processing of accounts payable payments and journal entries in order to reduce paper usage and create an efficient method for tracking information electronically.

Requirements

• Bachelor’s degree in accounting or related discipline required.
• Minimum of two years of successful accounting experience, preferably in a public sector organization or school district.
• Highly organized and detail oriented individual able to handle multiple tasks while working in both a team environment as well as independently with minimum supervision.
• Extensive working knowledge of computerized financial systems.
• Working knowledge of PeopleSoft Financials and/or HRMS and MUNIS a plus.
• Proficiency in the Microsoft Office Suite, particularly MS Excel and Word is required.
• Strong interpersonal skills and excellent communications skills, both written and verbal required.

Responsibilities

• Assist in monitoring financial system, research and resolve accounting errors or discrepancies.
• Prepare and post journal entries as needed.
• Reconcile and post accounts payable journals.
• Prepare monthly capital and grant fund balance reports.
• Assist with month end tasks.
• Monthly reconciliation of general ledger cash balance to treasury cash balance.
• Review budget journals for accuracy and reconcile with approved council orders.
• Complete accounts receivable roll forward.
• Monitor balance sheets to ensure receivables are in balance.
• Prepare monthly reconciliations for fixed assets and payroll withholding accounts.
• Participate in all financial system implementations, upgrades and testing.
• Help all City Departments resolve any accounting, financial or system inquiries.
• Assist with fiscal year-end close and the preparation of all required financial statements.
• Assist in the compilation of the annual 'Comprehensive Annual Financial Report' (CAFR).
• Complete the State required 'Schedule A' report.
• Assist in the compilation of the A-133 Schedule of Expenditures of Federal Awards (SEFA).
• Support the General Ledger Accountant and external auditors on various projects as needed.
• Complete duties of other team members in their absence.
• Perform other duties/projects as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees