What are the responsibilities and job description for the Junior Accountant position at Kensington Senior Living, LLC?
Job Description
Job Description
Why Kensington Senior Living? Because Our Promise to love and care for your family as we do our own. These are not just words – but something all of us at Kensington Senior Living strive to deliver each day.
Salary : $60,000 - $70,000
Summary :
The Junior Accountant is responsible for overseeing Accounts Payable and Accounts Receivable processes, coordinating billing between eight communities and the support office, managing AMEX expense reporting and payment, preparing payroll entries, and bank monitoring of potential check fraud. This role requires strong attention to detail and the ability to maintain organized financial records and reports.
Duties and Responsibilities :
- Process AP invoices, ensuring timely payment to vendors while maintaining accurate records of all transactions.
- Verify contract payment details to ensure payments are made accurately and timely.
- Monitor and follow up on outstanding payments to ensure timely resolution.
- Ensure that all AP-related journal entries are recorded accurately and in a timely manner.
- Verify ACH authorization information for new vendor set up and payment.
- Manage AR functions, including invoicing, recording, and tracking payments from communities.
- Coordinate billing and cost allocations between the eight communities and the support office, ensuring accurate and timely inter-company invoicing.
- Billing and collection of monthly management fees.
- Reconcile AR transactions, ensuring all incoming payments are accurately applied and reported.
- Review, reconcile, and process AMEX expense reports and receipts monthly, ensuring all transactions are accurately recorded.
- Coordinate with cardholders to ensure timely submission of reports and receipts.
- Reconcile AMEX transactions with the monthly payment processed by the support office, resolving any discrepancies.
- Monitor adherence to company policies for AMEX usage, flagging non-compliant expenses for review.
- Convert payroll data from ADP into an Excel format for import into Sage Accounting Software, ensuring accuracy and completeness.
- Review payroll data for errors or discrepancies and reconcile any issues before it can be imported into Sage.
- Prepare payroll chargeback invoices for billable support office personnel hours to affected communities for payment of services rendered
- Review daily Positive Pay alerts from M&T Bank for potential fraudulent checks.
- Investigate and resolve any flagged transactions, coordinating with internal teams and the bank as needed.
- Ensure all check payments are legitimate and authorized to prevent fraudulent activity.
- Assist in month-end closing activities, including preparing journal entries and performing account reconciliations (bank statements, prepaid expenses, etc.).
- Contribute to the preparation of financial statements and reports.
- Maintain checklists and organizational tools to ensure timely and accurate processing of financial information.
- Assist with annual vendor 1099 review and reporting.
- Assist in other accounting tasks as needed to support the accounting team.
Qualifications :
Knowledge & Skill :
Salary : $60,000 - $70,000
