Accountant - Finance & Administartion

Compensation

$49,000 Annually

Compensation Type

Exempt

Employment Type

Regular

Scheduled Weekly Hours

40

Grade

E11

Department

Accounting

Position Summary

Under the general direction of the Controller, this position is responsible for managing financial activities within the institution, ensuring compliance with accounting principles, regulations, and institutional policies. This role involves budgeting, financial reporting, restricted fund accounting, audit preparation, and providing support to various departments within the college. Responsibilities include: ensuring accurate and timely financial reporting, maintaining the general ledger, bank reconciliations and supporting month-end and year-end closing processes.

Duties & Responsibilities

ESSENTIAL JOB FUNCTIONS

• Oversee daily processing and accounting for revenue and expenditures for the college; review and report financial transactions to funding sources; ensures accuracy, completeness, and compliance with LCC, local, state, and federal requirements, and standard accounting and audit procedures.
• Ensure proper restricted contract and grant accounting, reporting, compliance and support to college grant program staff. Prepare post-award financial reports for federal, state, and private funded contracts and grants as assigned. Coordinate with Financial Aid staff to monitor and ensure completeness and compliance with LCC policies, NM State, and federal requirements and standard accounting and audit procedures for Federal and State Student Financial Aid including all compliance Title IV Regulations.
• Assist in the analysis and review of budgets and expenditures for local, state, federal, and private funding, ensuring compliance with fiscal accountability and reporting and funding requirements.
• Monitor and approve revenue and expenses for departmental accounts, ensuring compliance with funding and reporting requirements, and expenditure control.
• Perform monthly bank reconciliations to ensure that records match bank statements. Resolve discrepancies in a timely manner. Maintain accurate records of all reconciliations, adjustments, and communications.
• Review and reconcile general ledger accounts, resolving discrepancies, and ensuring adherence to higher education accountant standards.
• Monitor and review accounting and related system reports for accuracy and completeness; prepare and review budget, revenue, expense, and payroll entries, invoices, and other accounting transactions.
• Assist in the management of accounts payable and receivable functions, ensuring timely processing and reconciliation.
• Assist with month-end and year-end closing processes, including the preparation of financial statements.
• Prepare journal entries, ensuring accuracy and compliance with accounting standards.
• Prepare schedules and documentation for external and internal audits. Assist with responding to inquiries from auditors.
• Use of the College’s cloud-based enterprise resource system, Workday, for processing financial transactions; tracking payables and receivables; budgets; and system reporting.
• May manage staff to include recruiting, selecting, training new employees, as well as providing opportunities for staff growth.
• Performs other related duties as assigned.
  
  

Required Knowledge, Skills, And Abilities

• Accounting Principles: Strong understanding of Generally Accepted Accounting Principles (GAAP) and Governmental Financial Accounting Standards Board (GASB) regulations
• Higher Education Finance: Knowledge of funding sources, tuition revenue models, grants, and endowments specific to educational institutions.
• Budgeting and Forecasting: Familiarity with budgeting processes, financial forecasting, and resource allocation in a higher education context.
• Excellent customer service skills.
• Proficient in the use of office equipment and various computer software applications including Microsoft Office Suite including Excel, simple databases, and Cloud-based platforms (e.g. Workday).
• Effective time management skills to prioritize multiple ongoing work tasks to meet deadlines.
• Experience communicating effectively at different levels of organization, both verbally and in writing.
• Effective research and analytical skills to investigate discrepancies or questions.
• Experience understanding and applying Federal, State, and College policies and terms & conditions.
• Ability to work independently, exercise judgement, and maintain confidentiality.
• Detail oriented.
  
  

WORK ENVIRONMENT AND PHYSICAL FACTORS

• Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. The worker sits most of the time.
• The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading and visual inspection.
• The worker is not substantially exposed to adverse environmental conditions.
  
  

Education And Experience

• Bachelor’s Degree in Accounting or related bachelor’s degree with 15 credit hours of Accounting coursework
• 3 years of directly related professional experience is required.
• MBA or other related Master’s Degree, with aforementioned accounting coursework, is preferred.
• Experience working in a higher education setting is preferred.
  
  

As a part of your application, upload letter of interest, current resume, and official documentation confirming education.

EEO STATEMENT: LCC is an equal opportunity employer.