What are the responsibilities and job description for the Senior Accountant - Treasury/GL - Grade 11 - $70,054.40 ~ $98,092.80 ~ $126,110.40 position at Delaware River Port Authority Police Department?
This position will be posted from February 10, 2025 to February 24, 2025 by 4:00 pm.
Must be able to pass a drug and alcohol test and a background check. DRPA and PATCO are subject to federal law, under which marijuana continues to be illegal.
Please check your spam or clutter for any emails regarding this selection process.
Basic Purpose Of Position
This position’s primary focus is to maintain the liquidity of DRPA through the concentration of cash resources and forecasting funding considerations (daily, weekly, and monthly) for operating, capital, debt service, and bank compensation requirements. Ensure excellence in general ledger management and financial reporting in accordance with GAAP, as well as compliance with internal and external regulations and policies. Prepare account analyses for all investment and debt service-related accounts, initiate electronic fund transfers (e.g., ACH and wires), and manage stop payments using various banking software to optimize investment opportunities, fund expenditures, and fulfill debt service obligations. Additionally, provide financial information, including reports and statements, to executive management, internal departments, the Board, banks, and government agencies to enhance transparency and accountability of financial transactions, while also supporting monthly, quarterly, and year-end reporting as required.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the duties, responsibilities, knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. The Authority will adhere to all applicable laws and regulations in assessing an employee's ability to carry out or otherwise meet the job requirements set forth herein in a satisfactory manner.
Major Responsibilities And Duties
DESCRIPTION OF TASK
Reviews of cash receipts and disbursements. Determines cash available to fund daily operations while seeking opportunities to maximize return on investments in accord with DRPA’s risk profile. Determines availability of cash in general funds and revenue fund daily. Uses electronic banking software and reviews daily outgoing payments to determine daily cash position. Monitors general ledger for posting of cash transactions. Research and resolve variances. Calculates and forecasts future cash position. Maintains compensating balances in DRPA’s bank accounts used to fund operating expenses.
Prepare and review standard monthly, quarterly, and year-end journal entries, including but not limited to, the amortization of prepaid expenses, expenditure accruals, capital budget reallocations, intercompany transactions, and other journal entries as directed by the Manager of Accounting, Director of Finance, and CFO. Additionally, record entries and execute electronic fund transactions, which encompass E-ZPass incoming wire transfers, E-ZPass fees (both incoming and outgoing), interbank wire transfers, investment funding transfers, interest payments, payments for worker’s compensation, dependent care and flexible benefit accounts, vendor payments, as well as payroll and bond debt service payments for DRPA.
Develop and review detailed account analyses for all balance sheet accounts, ensuring monthly reconciliation by verifying account balances, researching and resolving discrepancies, gathering supporting documentation, and responding to inquiries from internal and external parties. Maintain schedules for all investments under money management, recording and analyzing the DRPA investment portfolio while transferring excess cash to appropriate investments to maximize returns within acceptable risk parameters. Monitor and reconcile the activity of money managers, maintaining regular communication with investment advisors regarding transactions and investment reporting, and provide reports on investment returns monthly, quarterly, and annually as needed.
Administer and record all bank transactions, such as stop payments, checking items paid, and bank reconciliations. Notify all internal personnel who are affected and make necessary adjustments. Provide support and guidance to the Administrative Accountant and Accounting Manager on accounting software issues, account coding, vendor communications, and input when necessary.
Assist or perform various related duties as required, including financial analysis reviews (large vendor contracts) and review, preparing documentation for grant accounting, creating account reconciliation worksheets, and generating reports for auditors, governmental agencies, and other departments within DRPA/PATCO. Support the Accounting/Finance group with tasks such as financial reporting, accounting for bonds, tracking expenditures and retainage withheld for contracts, reviewing and coding invoices, researching and responding to internal and external inquiries, and managing cash accounting.
Provide support for the month-end, quarterly and year-end close; including assisting in the preparation of the board reporting package, the quarterly financial statements and the yearly Governor’s report and Comprehensive Annual Financial Report (CAFR).
Support other accounting functions and staff as needed, including training, researching and responding to inquiries, and serving as a backup when additional resources are required to complete transactions and reports. Assist in the development and regular updating of Standard Operating Procedures and contact lists, test and implement technological upgrades, create a comprehensive electronic filing system, and develop methods to streamline processes for the Accounting/Finance group.
Reviews general ledger postings to verify that all electronic financial transactions are supported by bank documentation. Supports bank account reconciliations. Processes all bank transfers and manages cash flow schedules for our numerous bank and investment accounts. Makes all critical funding decisions for investments, payments, ECR and compensating balances. Creates and runs ad hoc reports to assess liquidity, ROI and general fund cash position.
Assist in the development and regular updating of Standard Operating Procedures and contact lists,
testing and implementing technological upgrades in ERP system and bank/investment portals, creating a more complete electronic filing system and developing methods to streamline processes for the Accounting/Finance group. Maintains DRPA access to bank and investment portals.
Delegates and reviews work of direct report. Monitors their progress, develops performance and cross training goals, trains and coaches them. Conducts periodic meetings to assess performance, communicates strategic goals, initiatives and expectations and plans for changes in the existing work environment.
Assist in maintaining a safe and secure work environment by participating in required training, recognizing and reporting hazards and suspicious activity, and using all required personal protective equipment.
Performs other duties as related and assigned.
Core Value Competencies
Safety: We promote safety in all we do. Our commitment to the safety of our customers and employees is paramount.
Integrity: We are committed to the highest level of ethical conduct, personally and corporately. We accomplish this by being open and honest, and by meeting our commitments to each other, our customers and our region.
Customer Service: We deliver the best, highest quality service to our customers because they are our primary concern. We provide quality service by focusing on both internal and external customers.
Quality: We value and recognize quality performance and strive for the highest quality in all we do. We accomplish this by monitoring our work, systems and processes and taking action to ensure that they meet or exceed standards.
Teamwork: We work as a team. We encourage our employees to develop and contribute their talents cooperatively. When one of us succeeds, we all succeed. Effective teamwork includes working cooperatively with others as part of a team- as opposed to working individually or competitively- to accomplish shared objectives.
Communication: We encourage communication in and between all parts of our Authority because we believe the free exchange of information is vital to unity, effectiveness and service among our employees, and to our customers and the region we serve. We are committed to delivering clear, effective communications and taking responsibility for understanding others.
Innovation: We are leaders in finding new approaches and encouraging new ideas. We welcome the exchange of new ideas to improve the Authority. We foster and initiate new ideas, methods and solutions to support the mission and objectives of the Authority.
Dependability & Accountability: We can be relied upon to do the work that's required every time. We are consistently at work and on time, ensuring that work responsibilities are covered and expected results are achieved.
Self-Development: We take steps to ensure continued learning and professional growth.
Managing Staff Performance: We manage the employee/employer relationship to ensure that employees are supported in meeting performance expectations and achieving departmental and organizational goals.
Problem-Solving: We accurately assess problems and effectively and efficiently arrive at excellent solutions.
Supervisory Responsibilities
Administrative Account, General Ledger
Administrative Account, Revenue
Education/Training/Experience
Required:
ENVIRONMENTAL WORKING CONDITIONS
How Often: (check the appropriate box)
Occasionally = Less than 1/3 of the time
Frequently = From 1/3 to 2/3 of the time
Constantly = More than 2/3 of the time
How much exposure to the following environmental conditions does this job require?
None
Occas
Freq
Const
x
Normal office situation
x
Wet or humid conditions (non-weather)
x
Work near moving mechanical parts
x
Work in high, precarious places
x
Fumes or airborne particles
x
Toxic or caustic chemicals
x
Outdoor weather conditions
x
Extreme cold (non-weather)
x
Extreme heat (non-weather)
x
Risk of electrical shock
x
Risk of radiation
Select the level of noise that is typical in the work environment for this job.
x
Very Quiet Conditions
x
Quiet Conditions
x
Moderate Noise
x
Loud Noise
x
Very Loud Noise
PHYSICAL EFFORT
How much on-the-job time is spent performing the following physical activities?
None
Occas
Freq
Const
x
Stand
x
Walk
x
Sit
x
Stoop, kneel, crouch or crawl
x
Climb or balance
x
Reaching by extending hand(s) and/or arm(s) in any direction
x
Uses hands to finger, handle, or feel
x
Talk or good hearing
x
Taste or smell substances worked with on the job
Does this job require that weight be lifted or force be exerted? If so, how much and how often?
x
Lifts weight or exerts force up to 10 pounds
x
Lifts weight or exerts force of 11 to 25 pounds
x
Lifts weight or exerts force of 26 to 50 pounds
x
Lifts weight or exerts force of 51 to 100 pounds
x
Lifts weight or exerts force more than 100 pounds
Select the specific vision requirements of this job.
x
Close vision
x
Distance vision
x
Peripheral vision
x
Depth perception
x
Ability to adjust focus
Note: The above statements are intended to describe the general nature and level of work being performed by associates within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of associates assigned to this job.
Please check your spam or clutter for any emails regarding this selection process.
EEO/AA/DVM
Must be able to pass a drug and alcohol test and a background check. DRPA and PATCO are subject to federal law, under which marijuana continues to be illegal.
Please check your spam or clutter for any emails regarding this selection process.
Basic Purpose Of Position
This position’s primary focus is to maintain the liquidity of DRPA through the concentration of cash resources and forecasting funding considerations (daily, weekly, and monthly) for operating, capital, debt service, and bank compensation requirements. Ensure excellence in general ledger management and financial reporting in accordance with GAAP, as well as compliance with internal and external regulations and policies. Prepare account analyses for all investment and debt service-related accounts, initiate electronic fund transfers (e.g., ACH and wires), and manage stop payments using various banking software to optimize investment opportunities, fund expenditures, and fulfill debt service obligations. Additionally, provide financial information, including reports and statements, to executive management, internal departments, the Board, banks, and government agencies to enhance transparency and accountability of financial transactions, while also supporting monthly, quarterly, and year-end reporting as required.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the duties, responsibilities, knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. The Authority will adhere to all applicable laws and regulations in assessing an employee's ability to carry out or otherwise meet the job requirements set forth herein in a satisfactory manner.
Major Responsibilities And Duties
DESCRIPTION OF TASK
Reviews of cash receipts and disbursements. Determines cash available to fund daily operations while seeking opportunities to maximize return on investments in accord with DRPA’s risk profile. Determines availability of cash in general funds and revenue fund daily. Uses electronic banking software and reviews daily outgoing payments to determine daily cash position. Monitors general ledger for posting of cash transactions. Research and resolve variances. Calculates and forecasts future cash position. Maintains compensating balances in DRPA’s bank accounts used to fund operating expenses.
Prepare and review standard monthly, quarterly, and year-end journal entries, including but not limited to, the amortization of prepaid expenses, expenditure accruals, capital budget reallocations, intercompany transactions, and other journal entries as directed by the Manager of Accounting, Director of Finance, and CFO. Additionally, record entries and execute electronic fund transactions, which encompass E-ZPass incoming wire transfers, E-ZPass fees (both incoming and outgoing), interbank wire transfers, investment funding transfers, interest payments, payments for worker’s compensation, dependent care and flexible benefit accounts, vendor payments, as well as payroll and bond debt service payments for DRPA.
Develop and review detailed account analyses for all balance sheet accounts, ensuring monthly reconciliation by verifying account balances, researching and resolving discrepancies, gathering supporting documentation, and responding to inquiries from internal and external parties. Maintain schedules for all investments under money management, recording and analyzing the DRPA investment portfolio while transferring excess cash to appropriate investments to maximize returns within acceptable risk parameters. Monitor and reconcile the activity of money managers, maintaining regular communication with investment advisors regarding transactions and investment reporting, and provide reports on investment returns monthly, quarterly, and annually as needed.
Administer and record all bank transactions, such as stop payments, checking items paid, and bank reconciliations. Notify all internal personnel who are affected and make necessary adjustments. Provide support and guidance to the Administrative Accountant and Accounting Manager on accounting software issues, account coding, vendor communications, and input when necessary.
Assist or perform various related duties as required, including financial analysis reviews (large vendor contracts) and review, preparing documentation for grant accounting, creating account reconciliation worksheets, and generating reports for auditors, governmental agencies, and other departments within DRPA/PATCO. Support the Accounting/Finance group with tasks such as financial reporting, accounting for bonds, tracking expenditures and retainage withheld for contracts, reviewing and coding invoices, researching and responding to internal and external inquiries, and managing cash accounting.
Provide support for the month-end, quarterly and year-end close; including assisting in the preparation of the board reporting package, the quarterly financial statements and the yearly Governor’s report and Comprehensive Annual Financial Report (CAFR).
Support other accounting functions and staff as needed, including training, researching and responding to inquiries, and serving as a backup when additional resources are required to complete transactions and reports. Assist in the development and regular updating of Standard Operating Procedures and contact lists, test and implement technological upgrades, create a comprehensive electronic filing system, and develop methods to streamline processes for the Accounting/Finance group.
Reviews general ledger postings to verify that all electronic financial transactions are supported by bank documentation. Supports bank account reconciliations. Processes all bank transfers and manages cash flow schedules for our numerous bank and investment accounts. Makes all critical funding decisions for investments, payments, ECR and compensating balances. Creates and runs ad hoc reports to assess liquidity, ROI and general fund cash position.
Assist in the development and regular updating of Standard Operating Procedures and contact lists,
testing and implementing technological upgrades in ERP system and bank/investment portals, creating a more complete electronic filing system and developing methods to streamline processes for the Accounting/Finance group. Maintains DRPA access to bank and investment portals.
Delegates and reviews work of direct report. Monitors their progress, develops performance and cross training goals, trains and coaches them. Conducts periodic meetings to assess performance, communicates strategic goals, initiatives and expectations and plans for changes in the existing work environment.
Assist in maintaining a safe and secure work environment by participating in required training, recognizing and reporting hazards and suspicious activity, and using all required personal protective equipment.
Performs other duties as related and assigned.
Core Value Competencies
Safety: We promote safety in all we do. Our commitment to the safety of our customers and employees is paramount.
Integrity: We are committed to the highest level of ethical conduct, personally and corporately. We accomplish this by being open and honest, and by meeting our commitments to each other, our customers and our region.
Customer Service: We deliver the best, highest quality service to our customers because they are our primary concern. We provide quality service by focusing on both internal and external customers.
Quality: We value and recognize quality performance and strive for the highest quality in all we do. We accomplish this by monitoring our work, systems and processes and taking action to ensure that they meet or exceed standards.
Teamwork: We work as a team. We encourage our employees to develop and contribute their talents cooperatively. When one of us succeeds, we all succeed. Effective teamwork includes working cooperatively with others as part of a team- as opposed to working individually or competitively- to accomplish shared objectives.
Communication: We encourage communication in and between all parts of our Authority because we believe the free exchange of information is vital to unity, effectiveness and service among our employees, and to our customers and the region we serve. We are committed to delivering clear, effective communications and taking responsibility for understanding others.
Innovation: We are leaders in finding new approaches and encouraging new ideas. We welcome the exchange of new ideas to improve the Authority. We foster and initiate new ideas, methods and solutions to support the mission and objectives of the Authority.
Dependability & Accountability: We can be relied upon to do the work that's required every time. We are consistently at work and on time, ensuring that work responsibilities are covered and expected results are achieved.
Self-Development: We take steps to ensure continued learning and professional growth.
Managing Staff Performance: We manage the employee/employer relationship to ensure that employees are supported in meeting performance expectations and achieving departmental and organizational goals.
Problem-Solving: We accurately assess problems and effectively and efficiently arrive at excellent solutions.
Supervisory Responsibilities
Administrative Account, General Ledger
Administrative Account, Revenue
Education/Training/Experience
Required:
- Bachelor’s Degree in Accounting or Finance.
- At least 5 years; of diversified accounting experience, including 3 - years of experience assisting in a treasury related role and assisting in the monthly, quarterly and year-end close and in the preparation of financial statements.
- Multi-year experience (five years or more) in use of various financial and general ledger systems.
- Thorough knowledge about GAAP and GASB requirements.
- One or more years’ experience supervising, training and delegating tasks to staff (employees, temps &/or contractors).
- 3 or more years’ experience handling funding, forecasting and liquidity concerns for an organization with more than $50 million in investments.
- Must be proficient in Microsoft Office Suite 365.
- MBA, Master’s Degree in accounting, finance or business-related graduate degree.
- Minimum of 2 years’ experience in fund accounting for a government, nonprofit, not-for-profit or other entity that uses fund accounting (e.g., hospitals, universities, etc.).
- Experience with ERP system conversion and integration, particularly with regards to the accounting and financial software functions.
- 1 or more years’ experience using SAP, ERP software, to handle general ledger accounting functions for the month, quarterly and year-end close.
ENVIRONMENTAL WORKING CONDITIONS
How Often: (check the appropriate box)
Occasionally = Less than 1/3 of the time
Frequently = From 1/3 to 2/3 of the time
Constantly = More than 2/3 of the time
How much exposure to the following environmental conditions does this job require?
None
Occas
Freq
Const
x
Normal office situation
x
Wet or humid conditions (non-weather)
x
Work near moving mechanical parts
x
Work in high, precarious places
x
Fumes or airborne particles
x
Toxic or caustic chemicals
x
Outdoor weather conditions
x
Extreme cold (non-weather)
x
Extreme heat (non-weather)
x
Risk of electrical shock
x
Risk of radiation
Select the level of noise that is typical in the work environment for this job.
x
Very Quiet Conditions
x
Quiet Conditions
x
Moderate Noise
x
Loud Noise
x
Very Loud Noise
PHYSICAL EFFORT
How much on-the-job time is spent performing the following physical activities?
None
Occas
Freq
Const
x
Stand
x
Walk
x
Sit
x
Stoop, kneel, crouch or crawl
x
Climb or balance
x
Reaching by extending hand(s) and/or arm(s) in any direction
x
Uses hands to finger, handle, or feel
x
Talk or good hearing
x
Taste or smell substances worked with on the job
Does this job require that weight be lifted or force be exerted? If so, how much and how often?
x
Lifts weight or exerts force up to 10 pounds
x
Lifts weight or exerts force of 11 to 25 pounds
x
Lifts weight or exerts force of 26 to 50 pounds
x
Lifts weight or exerts force of 51 to 100 pounds
x
Lifts weight or exerts force more than 100 pounds
Select the specific vision requirements of this job.
x
Close vision
x
Distance vision
x
Peripheral vision
x
Depth perception
x
Ability to adjust focus
Note: The above statements are intended to describe the general nature and level of work being performed by associates within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of associates assigned to this job.
Please check your spam or clutter for any emails regarding this selection process.
EEO/AA/DVM
Salary : $98,093 - $126,110
