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Sr Accounting Analyst

Job ID: 2809
Business Unit: Long Island Rail Road
Location: Jamaica, NY, United States
Regular/Temporary:
Department: Controller Detail
Date Posted: Sep 15, 2023

Description

 

 

 

 

 

 

Title:                                            Accounting Analyst / Sr. Accounting Analyst   
Department:                                General and Technical Accounting      
Post Date:                                   07/26/2023  
Close Date:                                 Until Filled        
Hay Point Evaluation:                  N/A
100% Hourly Rate of Pay:           $41.38/ 48.50* (See Wage Progression Chart)
Position Classification:                Non-Safety Sensitive 
Location:                                     Queens  
Reports To:                                 Supervisor – General Accounting
Union Affiliation:                          Transportation Communications Union (TCU-EXC5) 

 

 

 

 

 

 

 

 

Summary

Accounting Analysts / Senior Accounting Analysts in the General Accounting area are responsible to assist in the accounting, reconciliation and reporting of the Long Island Rail Road Financial Statements and ensure completeness of accounting records, documentation and account balancing. The incumbent will be responsible for preparing journal entries, reviewing and analyzing accounting transactions, assist with the preparation of audited financial statements and disclosures, develop and maintain report databases, and prepare various financial reports for distribution to management.

 

Responsibilities

 

 

 

 

 

Responsibilities may include but are not limited to:

  1. Assist in the month-end and annual accounting close. Prepare general ledger monthly account analysis and schedules. Determine/resolve discrepancies and prepare various journal entries including payroll accruals, RUIA journals, inventory journals and other correcting journal entries as needed.
  2. Responsible for financial data interfacing with PeopleSoft and investigating and resolving various accounting issues. Ensuring essential financial data required for monthly general ledger closing is accurately reported and available in the PeopleSoft system.
  3. Reconcile, report, and validate Inter-Company accounts between other MTA agencies.
  4. Reconcile and analyze the claims and suits activity processed by the Law department.
  5. Prepare and record monthly rental revenue and resolve reconciling items between agency records and Yardi reports. 
  6. Prepare weekly payroll journal entry and reconciliation.
  7. Process data validation and resolutions.
  8. Responsible for Equipment rate and H&W rate calculation.
  9. Responsible for adding and updating Equipment rates, Location codes, Job codes and DOE codes.
  10. Assist with annual issuance of the audited financial statements, including preparing required footnotes, supporting schedules and account analysis required for financial reporting.
  11. Provide information as needed for internal and external audits.
  12. Participate in the year end accrual process.
  13. Researching, reviewing, and applying upcoming GASB statements.
  14. Review lease procurement contracts and purchase orders to ensure proper accounting treatment.
  15. Process project and miscellaneous billing, cost adjustments, prepare billing reports and invoice package with supporting documents and assist in cash collections.
  16. Take lead interfacing with BSC, Project Management, Budgets, Operations, IT as well as internal and external customers to investigate and resolve various accounting issues and ensure essential financial data is accurately reported and available in the accounting system.
  17. Create and perform PeopleSoft queries to assist with the monthly close and analysis.
  18. Reconcile, report, and validate materials in the inventory systems.
  19. Manage Work Order Request and coordinate information with Operations and BSC.
  20. Process fixed asset capitalization and retirement.
  21. Responsible for various accounting code updates.
  22. Support Accounting Managers and Supervisors.
  23. Other duties as required.

 

 

 

 

 

 

 

 

 

 

Qualifications

 

 

 

 

 

Accounting Analyst

  • Bachelor's Degree in Accounting or Finance or related field.
  • One to three years accounting, finance or similar experience including database management and reporting; along with financial analysis and reconciliations. 
  • Knowledge of accounting systems and procedures. (i.e., PeopleSoft).
  • Proficiency in the use of Microsoft Office (Access, Excel - use of pivot tables & v-lookups, Word and PowerPoint). 
  • Excellent quantitative, analytic and deductive reasoning capabilities.
  • Strong verbal and written communication skills.
  • Strong interpersonal skills with the ability to communicate with all levels of management and external contacts.
  • Strong ability to take control of assigned tasks with limited supervision.
  • Detail oriented with strong organizational skills.
  • Strong ability to prepare accurate work papers, work under pressure and meet deadlines.
     

 Senior Accounting Analyst

  • Bachelor's Degree in Accounting or Finance or related field.
  • A minimum of four years accounting, finance or similar experience including database management and reporting; along with financial analysis and reconciliations.
  • Knowledge of accounting systems and procedures. (I.e., PeopleSoft).
  • Proficiency in the use of Microsoft Office (Access, Excel - use of pivot tables & v-lookups, Word and PowerPoint). 
  • Excellent quantitative, analytic and deductive reasoning capabilities.
  • Strong verbal and written communication skills.
  • Strong interpersonal skills with the ability to communicate with all levels of management and external contacts.
  • Strong ability to take control of assigned tasks with limited supervision.
  • Detail oriented with strong organizational skills.
  • Strong ability to prepare accurate work papers, work under pressure and meet deadlines.
     

 

Preferred/Desirable Skill / Qualifications:

  • Knowledge of accounting systems.
  • MBA in Accounting or Finance
  • CPA

 

 

 

Wage Progression for New Employees Hired After 09/24/2014:

 

80% - 1st 365 Calendar Days

80% - 2nd 365 Calendar Days

85% - 3rd 365 Calendar Days

90% - 4th 365 Calendar Days

90% - 5th 365 Calendar Days

95% - 6th 365 Calendar Days

100% - After 2,190 Calendar Days

Wage Progression for Employees Hired on or Prior To 9/24/2014:

80% - 1st 365 Calendar Days

85% - 2nd 365 Calendar Days

90% - 3rd 365 Calendar Days

95% - 4th 365 Calendar Days

100% - After 1,460 Calendar Days

 

 

 

 

 

 

 

 

Other Information

 

 

 

In addition to meeting the minimum requirements of the position, the selection process may include, but is not limited to a pre-screening assessment (i.e., physical, written and/ or practical evaluation) and interview. Candidates forfeit further consideration in the process if they fail to participate in any step of the process when scheduled. Make up dates/times will not be given. In addition, LIRR employee applicants must be in their current position for the 12 months immediately preceding the close date of this posting and must possess a satisfactory work history, including attendance and discipline record. A record of more than ten sick days without medical documentation in two of the last three years is considered unsatisfactory attendance.  Not all qualified applicants are guaranteed an interview due to the competitive selection process.  A medical examination and safety-sensitive drug/alcohol test may also be required.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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