Senior Accountant, JV

GATX•Chicago, IL

9d•$80,800 - $105,000•Hybrid

About The Position

This position is responsible for performing general accounting functions for GATX’s Joint Venture (JV) entities. This includes the accurate and timely recording of transactions, assisting in maintaining the integrity of the general ledger and preparation of monthly reporting requirements. This position will own the monthly reporting and analysis of all JV accounts including understanding processes, analysis of accounts with a focus on cash, accounts receivable, and revenue, and working with applicable stakeholders.

Requirements

Bachelors Degree required in Accounting or Finance
3-5 years of accounting experience
Solid understanding of basic accounting and associated accounting skills
Detail oriented – high attention to detail and accuracy
Strong analytical skills

Nice To Haves

CPA or working towards one is desired

Responsibilities

Perform monthly close procedures, including coordination with contacts on appropriate support for various balance sheet accounts, such as cash and accounts receivable, compiling and understanding supporting data for these accounts, and researching the appropriate ledger coding for various miscellaneous transactions.
Assist in the preparation and issuance of the internal JV monthly reporting package including monthly variance analysis explaining fluctuations of balance sheet and income statement accounts.
Prepare quarterly and annual supporting schedules as required for financial reporting department in accordance with 10-Q and 10-K disclosure requirements.
Reconcile cash and collaborate with the Accounts Receivable and Treasury departments to investigate cash and billing variances.
Collaborate with cross-functional groups on invoicing and cash settlement between GATX entities.
Support JV-related cash activities, such as the management of asset sales, cash distributions, and loan repayments.
Assist with internal and external audit requests.
Be the primary point of contacts with departments across the organization for recording of transactions in the JV entities.
Assist in maintaining an effective control environment by executing controls to ensure compliance with established accounting policies.
Reconcile assigned balance sheet accounts (primarily cash and accounts receivable) and review of income statement for reasonableness and accuracy.
Understand the full end to end process for recording transactions, develop and propose process improvements.
Perform analysis of JV accounts to enable others to understand the nature of transactions and key drivers of activity.
Assist in the preparation and issuance of the external JV monthly reporting package including monthly variance analysis explaining fluctuations of income statement and balance sheet accounts, preparation of statement of cash flow and compilation of other reporting requirements.
Assist in the preparation and issuance of the Consolidated Rail North America reporting package including monthly variance analysis explaining fluctuations of income statement and balance sheet accounts, and compilation of other reporting requirements.
Perform adhoc requests and special projects as requested, which may include various accountings initiatives, systems projects, internal reporting, and other analysis deemed appropriate.