Senior Accountant

City of Redmond•Redmond, WA

About The Position

The Senior Accountant prepares and analyzes financial statements including balance sheets, statement of revenues, expenses and change in net position, cash flow statements, notes and any other financial reports and schedules; maintains the accounting and financial systems and supports citywide accounting functions. This position will have a particular emphasis on accounting and financial reporting for the City’s utility and internal service funds. The position performs complex accounting analysis, reconciliations, year-end closing activities, and financial statement preparation with GAAP, BARS and GASB as well as the ability to incorporate the requirements into the City's reporting system. Accountant – Senior works under general supervision from the Accounting Supervisor, applying established procedures to financial record maintenance and report preparation and is required to provide guidance to less experienced staff.

Requirements

Knowledge of and Skills in Principles, practices and application of Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB) and State Budgeting Accounting and Reporting System (BARS) in relation to governmental budgeting and financial reporting.
Applicable Federal, State, City and departmental policies, procedures, regulations and laws
Data processing and analysis utilizing computerized financial systems
Prepare financial statements
Maintain financial records
Compute, verify, compile and analyze financial data
Analyze financial reports and accounts to report on irregular trends and variances
Conduct financial investigation
Comply with tax, reporting regulations and rules
Maintain complex spreadsheets, and use Microsoft Office and financial software
Mentor and provide guidance to less experienced staff
Communicate effectively with other departments and government agencies
Bachelor's degree in Accounting or related field and Three (3) years accounting experience or equivalent Municipal accounting experience preferred, or any equivalent combination of education, experience, and training that provides the required knowledge, skills, and abilities.

Nice To Haves

CPA or CMA preferred

Responsibilities

Responsible for the preparation of the Annual Comprehensive Financial Reports (ACFR); ensures accounting transactions are complete, accurate and free of material mistakes; exercises professional judgment in the application of GAAP, BARS and GASB principles and requirements; assembles financial statements and develops notes, schedules, and statistical section of the ACFR
Responsible for reconciliation, preparation and maintenance of the General Ledgers and city's financial sub-systems; includes preparing and filing of annual financial statements and reports to appropriate external agencies/authorities
Processes accounting transactions; verifies source documents for accuracy and completeness; identifies discrepancies and necessary researches; corrects errors; posts journal entries and reconciles city's financial sub-systems to General Ledger
Ensures financial processes are in compliance with state laws, applicable rules, the City's policies and procedures
Tracks and verifies accuracy and compliance of grant/interest/revenue records; coordinates with other agencies and departments for processing and allocation.
Assesses accounting needs, research applicable BARS accounts, and develops appropriate account coding within the City’s chart of accounts; Set up and maintains accounting codes and structures within the computerized financial system to meet requirements of the State Auditors; performs internal control procedures on accounting systems and ensure accuracy of financial reporting.
Provides technical advice to other departments on accounting policies, procedures and issues.
Prepares year-end closing statements
Prepares and submits sales and excise tax, leasehold excise tax
Reviews accounts receivable aging report and coordinates with departments on collection
Performs citywide petty cash audits; assists in formulating control procedures, accounting assumptions, processes, policies and standards of accounting for the City
Prepares and reconciles capital asset schedules including depreciation and amortization schedules; coordinates capital asset reporting, and prepares the journal entries
Prepares account analysis to respond to inquiries regarding financial statements
Prepares bank deposits; makes fund transfers and reconciles monthly bank statements
Conducts trend analysis; checking and balancing data to ensure anomalies are explained
Assists in implementing and assessing internal control processes and systems

Benefits

MEDICAL INSURANCE - Choice of two plans for employees and their eligible dependents: Premera or Kaiser Permanente. All employee healthcare premiums paid for by the City of Redmond.
PRESCRIPTION DRUG INSURANCE - Included with each medical plan
DENTAL INSURANCE - For employees and their eligible dependents
VISION INSURANCE - For employees and their eligible dependents
OTHER INSURANCE - Life, accidental death & dismemberment insurance, short and long-term disability, optional employee-paid voluntary life insurance
FLEXIBLE SPENDING ACCOUNTS - For tax savings on healthcare and dependent care expenses
PAID VACATION & HOLIDAYS – with (13) paid holidays per year
EMPLOYEE ASSISTANCE PROGRAM (EAP)
RETIREMENT PLANS - Department of Retirement Systems (DRS) plus additional options that include: Municipal Employees Benefit Trust (Social Security replacement plan) and MetLife 457 Plan
Annual COLA adjustments
Annual merit increases of up to 5%