MAJOR RESPONSIBILITIES

The Financial Reporting Accountant maintains the general ledger, performs financial reporting functions, reconciles general ledger accounts, prepares and compiles budget data  and compiles budget data and financial analysis for all Massachusetts Teachers Association entities. 

ESSENTIAL JOB FUNCTIONS

• Calculates, records and enters general ledger journal entries.Coordinates monthly general ledger, accounts payable and payroll closings. Maintains the general ledger and reconciles general ledger accounts.Prepares monthly financial statements, versus budget, including financial reporting packages for the Executive Committee, Board of Directors and Management.Prepares, maintains and analyzes summarization and reporting of the organization's budget; including correspondence to division or department heads, as required.

SPECIFIC RESPONSIBILITIES

• Post cash transactions to the general ledger throughout each month.Deposit miscellaneous checks (non-membership), cash receipts, including STD/LTD /PFML and Misc. A/R payments and maintain supporting schedules.Perform month-end close duties, calculate and record general ledger journal entries and prepare accounting schedules.Prepare balance sheet reconciliations on a monthly basis.Assist with the preparation of monthly financial statements versus budget, including financial reporting packages for the Executive Committee, Board of Directors and Management.Prepare timely and accurate internal financial reports and analyses. Assist in the preparation of the annual budget by performing various trend and related analyses and maintaining the budget files.Compile and review bank balances and transactions to forecast cash accurately.Attend budget committee meetings, Executive Committee meetings and Board meetings, as required. Maintains confidentiality of Association records.Work cross-functionally with other departments by providing training as needed.Prepare and distribute periodic custom cross-functional reporting as requested.Perform annual year-end accounting close and financial reporting duties, such as intercompany elimination entries, functional expense reporting, various financial analyses, and footnote preparation and analysis.Assist with the financial audit by reviewing and updating process documentation, coordinating with other divisions on audit requests, providing required reports, analyses, and other requested support to external auditors.Assist with supporting other required external audits, including the pension plan and 401(k) audits.Provide support and assist with the federal and state tax returns.Maintenance and documentation of chart of accounts and reporting tools.Address and research budget or other financial related inquiries from management.Perform invoicing and collection activities relating to receivables from external parties, such as reimbursements, grants receivable, and external printing and mailing invoices.Performs other related duties as required.

QUALIFICATIONS

• Bachelor's degree (or equivalent experience in a broad range of financial accounting and reporting is required).A minimum of 5 years of a broad range of financial accounting and budget experience required.Excellent interpersonal skills, both verbal and written, and excellent organizational skills.Proven ability to deal with the public.Attention to detail and extreme accuracy.Knowledge of and experience in applying accounting principles and procedures. Extensive experience of financial systems, including accounts payable, general ledger, payroll and others.Proficiency in common spreadsheet applications; word processing software, report writing and data base management systems.Minimal travel is required.A strong work ethic and adherence to departmental and organizational financial and operational ethical standards.Proven ability to work as a team member in a fast-paced financial environment. Nights and weekends may be required.Positive, cooperative attitude.