What are the responsibilities and job description for the Accounting Supervisor, Fixed Asset Accounting (JFK / LGA Desk) position at The Port Authority of NY & NJ?
Description
Position at The Port Authority of NY & NJ
About the Role
As a reporting Department to the Chief Financial Officer, the Comptroller's Department is a team of dedicated professionals who ensure the accuracy of the Port Authority's finances. As part of the Comptroller's Department team, you will gain insight and experience surrounding the agency's financial structure and internal control processes as well as knowledge of the operations of our various lines of business, giving you extensive opportunities for a long-term career at the Port Authority.
Responsibilities
- Prepare accounting entries to accurately reflect investment at our facilities, and periodic schedules for inclusion in and / or support of the financial statements.
- Preparation of investment, depreciation, assets under construction and capital expenditure schedules and reports to ensure that division goals are met or exceeded.
- Review and analyze the WIP to ensure property codes and WBSE's are closed as appropriate, settlements and retirements are made in accordance with prescribed procedures and codes are closed, research property codes for write-offs, close out completed projects
- Analyzing and assessing financial transactions, contract payments, passenger facility charges, and expenditure authorizations, including Board Items, and provide appropriate asset accounting for major capital initiatives.
- Prepare year-end schedules of cumulative capital investment for the Port Authority's Consolidated Aviation Lease Records for Summary of Fixed Assets and Fixed Charges, along with Summary of Additions and Adjustments by Aviation Cost Center for 2 major airports.
- Prepare quarterly schedules of Forecast of Fixed Charges for submission to Lease Accounting based on Forecasted Settlements for the Year from Aviation Financial Services.
- Identify, assess and apply relevant professional frameworks, including accounting standards and guidance, as well as, other information for analysis and to make informed decisions.
- Identify and utilize relevant technology and tools to analyze data efficiently and effectively.
- Ensuring all fixed assets are properly classified (capital vs. expense, completed construction vs. work in progress, recoverable vs. non-recoverable) using PA Accounting Standards.
- Establishing and maintaining effective business relationships with Financial Departments, and Line Department Financial and Project Management staff to provide a process for the exchange and communication of information between departments.
- Support audit requests by internal and external auditors which includes coordinating research, vetting information for audit requests.
- Respond to requests for information and completion of special assignments in the time frame designated.
- Additional duties as assigned.
Minimum Qualifications
Desired Qualifications
Selection Process
The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and / or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.
Compensation & Benefits
The Port Authority of New York and New Jersey offers a competitive benefits package, hybrid work options for many positions, and a professional environment that supports development and recognizes achievement.
Click here for more information about benefits, our culture, and career development opportunities.
