Financial Reporting Analyst

Title: Financial Reporting Analyst

Agency: VCCS-System Office

Location: Richmond (City) - 760

FLSA: Exempt

Hiring Range: $90,000 - $95,000

Full Time or Part Time: Full Time

Additional Detail

Job Description:

Virginia"s community colleges have a 50-year track record of educational excellence and innovation to serve the needs of our citizens and strengthen the Commonwealth's economy. When Virginia's General Assembly established the Virginia Community College System in 1966, the need for a comprehensive system was well known. Over the two decades after the end of World War II, leaders in government, business, professional sectors, and academia had called for a new approach to providing educational opportunity. A key concern was Virginia"s ability to develop a skilled and knowledgeable workforce to expand the state"s economy. Today our community colleges give every Virginian the opportunity to gain a quality education. With 23 colleges on 40 campuses located throughout the state, Virginia"s Community Colleges are committed to serving Virginia families, helping them acquire the knowledge and skills to seize the opportunities of today and tomorrow.

Assist with planning and coordination of the annual financial reporting preparation and verification process to ensure compliance with financial reporting requirements as promulgated by the Governmental Accounting Standards Board (GASB), the National Association of College and University Business Officers (NACUBO) and the American Institute of Certified Public Accountants (AICPA). Analyzes and evaluates management recommendations of external and internal audit reports to determine issues and deficiencies underlying the recommendations and evaluates and approves college responses to management recommendations. Analyzes and evaluates internal controls of the VCCS. Ensures that the VCCS Chart of Accounts supports internal and external reporting requirements. Conceptualizes, formulates, and implements policies, procedures and methodologies to ensure conformance with all reporting requirements.

Minimum Qualifications:

Knowledge

• In-depth knowledge of generally accepted accounting principles, practices, and governmental accounting standards
• Working knowledge of complex automated financial systems, such as PeopleSoft or other Oracle-based programs
• Financial statement preparation experience
• General knowledge of higher education and applicable federal and state guidelines
• Knowledge of federal programs including federal cash management standards

Skills

• Intermediate knowledge of MS Excel and Word
• Excellent communication skills, both oral and written
• Excellent customer service skills

Abilities

• Analyze financial data
• Prepare accounting entries
• Prepare budget-specific journal entries
• Reconcile accounts and assist colleges with reconciliation questions
• Prepare financial statement footnotes, journal entries, and provide general assistance with our Annual Comprehensive Financial Report (ACFR).
• Demonstrated ability to interpret administrative policies and procedures, exercise independent judgment, and make sound business decisions
• Demonstrated ability to effectively manage time and work on multiple assignments
• Demonstrated ability to work well with various levels of management and staff in a diverse and decentralized environment
• Demonstrated ability to troubleshoot to resolve problems
• Work effectively in a team environment
• Work independently

A combination of relevant experience and education typically obtained through completion of a bachelor's degree that provides the required level of knowledge, skills, and abilities to successfully perform the functions of the job.

Additional Considerations:

Working knowledge of PeopleSoft or Cardinal accounting systems

Preparing consolidated financial statements

Higher education or state or local government general accounting experience

CPA or CPA candidate