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Senior Financial Accountant

Date Posted:  Nov 23, 2021
Requisition ID:  278241
Location: 

Indianapolis, IN, US, 46204

 

Work for Indiana

Grow your career with the State of Indiana! With more than 50 executive branch agencies, the State of Indiana is a diverse workforce offering employees stimulating and challenging projects across a broad scope of career opportunities. As a State of Indiana employee, you impact the well-being of Indiana’s communities every day.

 

At the State of Indiana, we don’t just talk about diversity and inclusion – Our goal is to create a welcoming, accessible, and equitable workplace, with a workforce that is representative of the State of Indiana population. We are proud to be an equal opportunity employer.

 

About the Indiana Housing and Community Development Authority (IHCDA):

The Indiana Housing and Community Development Authority (IHCDA) is committed to serving the entire spectrum of housing, from homelessness to homeownership.  Our charge is to provide housing opportunities, promote self-sufficiency and strengthen communities, in order to build an Indiana with a sustainable quality of life for all Hoosiers in the community of their choice.  To learn more about IHCDA visit us at www.in.gov/ihcda. 

 

Salary:

The salary for this position may be commensurate with education and/or experience.

About the Job:

The permanent position contributes to fulfilling the IHCDA mission and meeting strategic and annual IHCDA operational and program goals by assisting the Senior Financial Accounting Manager through:

  • Ensuring the integrity of various accounting-related activities designed to meet generally accepted standards of accounting and auditing, providing financial accountability for the agency, assuring use of proper internal controls, and helping to support the activities of the operating departments;
  • Meeting operational and program goals by coordinating with agency personnel for the assigned programs to ensure timely completion and distribution of trial balances and budgets to program managers for accurate administration of and compliance with the programs;
  • Assisting with the administration of the bond programs to ensure reconciliation, recording and reporting of those program activities;
  • Fulfilling customer service needs of the organization through support and training related to accounting and reporting activities;
  • Ensuring the integrity of accounting information by recording, verifying, and reporting transactions;
  • Promotes and embraces Continuous Improvement (CI) initiative(s) and promotes a culture of Office Kaizen.

A Day in the Life:

The essential functions of this role are as follows:

  • Reconciles assigned bank statements and trust accounts accurately and timely for assigned Programs and submits for management review by the designated deadline. Prepares appropriate journal entries with back-up documentation for support and ease of understanding by reviewer(s);
  • Cross trains on designated areas as communicated by the Senior Financial Accounting Manager;
  • Ensures that the Chart of Accounts and other needs of the program or bond series are set-up to meet the needs;
  • Reviews trial balance(s) and makes correcting/adjusting entries prior to the month end close for assigned programs.  Reconciles accounts on a daily/monthly basis depending upon need;
  • Produces accurate, timely General Fund and Program trial balances;
  • Maintains schedules for accruals and amortizations and prepares related journal entries for the completion of monthly financial statements and budgets for assigned programs;
  • Disseminates financial information (e.g., trail balances, budgets, and special requests) to program managers for approval and timely administration of program funds.  Coordinates with the program accountants to ensure that funds are maintained accurately, and any issues are resolved timely;
  • Obtains approval of allowable G&A expenditures from assigned program managers and coordinates the timely processing of program admin;
  • Assists in the generation of accurate, timely monthly financial statements and monthly budget reporting;
  • Research / trouble-shoots programmatic issues affecting financial reporting and internal controls, as needed;
  • Maintains documentation in a paperless fashion organized in shared departmental folders.  Journal entries have documentation attached in Great Plains for entry support as well as ease of audit retrieval;
  • Assists in the generation of accurate, timely monthly budget reporting and financial statements;
  • Prepares accurate, timely compliance filings as required by the assigned program;
  • Provides quality customer service to our internal and external associates;
  • Assists with the annual budget preparation as needed;
  • Provides information, assists in the preparation of schedules, and provides support for the preparation of the year-end financial statements for auditors for the year-end audit. Maintains annual spreadsheet requests monthly;
  • Responds accurately and timely to monthly reporting inquiries, provides information, assists in the preparation of schedules, and provides support for the preparation of the year-end financial statements for auditors for the year-end audit. Maintains annual spreadsheet requests monthly;
  • Assists in the year-end close through coordination of assigned aspects of the annual financial statement and OMB audits;
  • Assists Program Directors and Managers with program audits.
  • Creates and / or updates financial statements and supplemental schedules within the financial reporting software, as needed and with consult with the Senior Financial Accounting Manager and the Controller & Director of Accounting.

A Day in the Life:

  • Applies Generally Accepted Accounting Principles (GAAP) within accounting processes and financial reporting requirements.
  • Assists with the implementation of new Governmental Accounting Standards Board (GASB’s) to IHCDA, as applicable.
  • Updates job knowledge by participating in educational opportunities, reading professional publications, participating in professional organizations to maintain continuing professional education (CPE) requirements, if applicable.
  • Understands the inputs and outputs to the accounting processes to effect process improvements for the department and organization.
  • Maintains financial information in a manner that it is accessible and backed-up routinely.
  • Exercises time management to ensure that deliverables are timely, and accurate.
  • Provides accounting functions for the Bond programs to ensure proper recordkeeping for program activities.
  • Understands the nature of the bond issue as it relates to setting up the trust accounts to ensure that funds are flowing properly during the reconciliation process.
  • Maintains up-to-date Standard Operating Procedures for job responsibilities to be used for cross training, efficiency and internal control sufficiency, and primary and secondary back-up purposes. These are to be reviewed with the Senior Financial Accounting Manager as well as the designated back-ups for accuracy and completeness at a minimum of an annual basis in sync with performance goals.
     

 

The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time. Reasonable accommodations may be made to enable individuals with disabilities to interview and to perform the essential functions of this role.

What You'll Need for Success:

  • Bachelor’s Degree in Accounting;
  • Experience with the application of GAAP and familiarity with the Governmental Accounting Standards Board (GASB);
  • 3-5 years of accounting experience;
  • Experience with accounting software – prefer experience with Great Plains;
  • Preference given to CPA, CPA candidate, or MBA in Accounting;
  • Uses sound judgement in decision making;
  • Demonstrates effective verbal and written communication skills and can effectively communicate with a variety of individuals;
  • Demonstrates customer service orientation and is responsive to needs/requests;
  • Demonstrates “advanced” Excel skills;
  • Proficiency in Microsoft Word, Internet usage (e-mail), Teams, etc.;
  • Provides timely, proactive status updates on workload and assignments to their manager;
  • Is proactive in anticipating and alerting others to problems with projects or processes;
  • Applies critical thinking to assist with the implementation of new processes and in problem resolution;
  • Takes initiative, requires little supervision;
  • Prioritizes and organizes tasks and time, and follows up to bring concerns to a timely, accurate resolution;
  • Performs responsibilities efficiently and timely;
  • Juggles multiple requests and meets multiple deadlines;
  • Works independently or as a part of a team;
  • Thinks logically and analytically;
  • Exercises attention to detail;
  • Demonstrates knowledge and understanding of Generally Accepted Accounting Principles (GAAP);
  • Possesses experience with governmental / non-profit accounting principles and procedures;
  • Has the ability to develop, establish, and follow financial policies and procedures;
  • Demonstrates the ability to read, interpret, and prepare financial statements;
  • Exercises the ability to analyze financial information, recognize trends, and make decisions;
  • Demonstrates proficiency in basic mathematics;
  • Establishes and maintains effective and appropriate relationships with employees and IHCDA partners;
  • Preserves the confidentiality of any agency, financial, or personnel information;
  • Has the ability to be bonded.
     

Supervisory Responsibilities/Direct Reports:

This role may serve as a team lead for an assigned work group.

 

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes: 

  • Three (3) medical plan options (including RX coverage) and vision/dental coverages 
  • Wellness program (offers premiums discount for the medical plan) 
  • Health savings account (includes bi-weekly state contribution) 
  • Deferred compensation account (similar to 401k plan) with employer match 
  • Two (2) fully-funded pension plan options 
  • Group life insurance 
  • Employee assistance program that allows for covered behavioral health visits 
  • Paid vacation, personal and sick time off 
  • Competitive leave policies covering a variety of employee needs 
  • 12 company paid holidays, 14 on election years 
  • Qualified employer for the Public Service Loan Forgiveness Program 
  • New Parent Leave 
  • Free Parking 
  • Free LinkedIn Learning 

 

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer.

 

Current Employee? Click here to apply.


Nearest Major Market: Indianapolis