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Sr. Accountant - Policies & Procedures
Ref No.: 18-10543
Location: Laurel, Maryland
Position Type:Contract
Experience Level: 5 Years
Start Date: 09/24/2018
Position Description Performs advanced professional accounting and analysis of a varied nature; Acts as the lead accountant coordinating and overseeing work of staff accountants; Coordinates financial system (General Ledger, Assets and Accounts Receivable) activities and sub-system interfaces to the general ledger; Contributes expertise to cross-functional workgroups to enhance the data and process coordination between and among business units and software modules; Responsible for monthly internal Comparative Financial Statements and production of management reports; Coordinates research and reporting of analytical reviews/variance analyses of the balance sheet and results of operations; Responsible for user acceptance testing of Oracle General Ledger; Assists in the coordination of annual activities with external auditors to support the year-end (US GAAP) and OMB Circular A-133 audits; Assists in the preparation of annual external financial statements; Plays a key role in the maintenance of the general ledger and reconciliation of accounts; Analyzes historical costs and anticipated trends to establish annual fees and charges; Prepares special and periodic studies, ad hoc analysis and reporting as requested by internal customers, the Accounting Section Manager and/or Division Manager. ESSENTIAL FUNCTIONS: • Coordinates financial system (General Ledger, Assets and Accounts Receivable) activities and sub-system interfaces to the general ledger. Monitors on-going system operations, performing routine maintenance and managing upgrade/implementation processes (includes non-financial systems impacting the general ledger, capital assets, moveable assets, and accounts receivable); • Coordinates/participates in user acceptance testing and testing of new system functionality; Coordinates with vendors, and/or IT to identify and resolve programming and functionality problems; Represents financial system end users in projects/discussions with information systems personnel, and other system/module administrators; Contributes expertise to cross-functional workgroups to enhance the data and process coordination between and among business units and software modules; Applies relevant techniques and processes to ensure that data integrity, internal controls, and audit trails are maintained throughout all applications; Subject matter expert in General Ledger, Assets and Accounts Receivable systems; • Acts as a subject matter expert with regards to upgrades, testing, and processing data in General Ledger; Serves as the Accounting Division Liaison to IT; • Responsible for monthly internal Comparative Financial Statements and production of management reports; Performs data analysis and manipulation in the creation of month end reports; Assists in the process to improve the efficiency related to the internal Comparative Financial Statements; Assists in the preparation of annual external financial statements; Assists in the process to implement the Comprehensive Annual Financial Report (CAFR); Coordinates research and reporting of analytical reviews/variance analyses of the balance sheet and results of operations; Conducts research, provides findings, and proposes potential changes impacted by recently released GASB standards; Establishes and updates Accounting procedures and policies • Assists in the coordination of annual activities with external auditors to support the year-end (US GAAP) and OMB Circular A-133 audits; Prepares and reviews audit work papers and supporting schedules and documentation for external financial reporting; Researches and remains up to date with new technical accounting standards and Federal and State regulations and writes position papers and memos when necessary; Advises on the accounting treatment of unusual transactions; Assists with process improvement initiatives and updates Commission-wide internal control memorandums annually for the external auditors; Assists in the development of annual audited financial statements; Prepares annual uniform financial reports for the State of Maryland, and various surveys; • Completes the Annual Water Audit which is prepared in compliance with AWWA’s Manual M36 - Guidelines for Water Industry Best Management Practices For Water Loss Control; • Plays a key role in the maintenance of the general ledger and reconciliation of accounts; Ascertains the reliability of management data developed within WSSC and establishes processes to safeguard integrity; Initiates and assists with process improvement initiatives; Recommends operating, control, and reporting improvements; Coordinates performance of advanced professional accounting and analysis of a varied nature including, but not limited to: o Capital assets, which represent in excess of 90% of the Commission’s total assets; Recommends and implements procedures for capital asset management and develops and maintains asset records for the Commission’s water and sewer lines, filtration and treatment plants, dams, water tanks, pumping stations, and multi-purpose and joint-use facilities; Works in cooperation with engineers, project managers and developers to ensure integrity of project cost data; o Investments and long-term debt working closely with the Retirement and Disbursements Divisions; o Inventory, moveable assets and liabilities, and related sub-ledgers; Requires knowledge of sub-ledger systems and coordination with other groups within the Commission; o Accumulation and analysis of Consent Decree costs (in accordance with the agreement between WSSC, EPA and the Justice Department); o Water and sewer revenues and related billed (including analysis for uncollectible receivables) and unbilled receivables; Requires expertise with the Commission’s Billing and Meter Reading systems and related business processes; Provides routine guidance to Customer Relations to ensure that financial implications of the Billing system are addressed; • Acts as the lead accountant, planning, coordinating and overseeing work of staff accountants; Provides input for performance management evaluations in accordance with Commission policies; Instructs employees on technical accounting issues and the interpretations and application of rules, regulations and accounting procedures; • Coordinates review and payment of quarterly bills from DC Water for WSSC’s portion of costs under a regional agreement (the Blue Plains Intermunicipal Agreement of 2012), providing for wastewater treatment at the Blue Plains facility in Washington DC; Ensures timely reconciliation and preparation of bills to DC Water for costs related to Biosolids Handling, sewer pumping stations, and sewer meter vaults; Ensures timely reconciliation and preparation of bills to the City of Rockville for their portion of the Blue Plains costs; Performs true-up analysis of Rockville operating and maintenance costs upon communication of audit results; • Analyzes historical costs and anticipated trends to establish annual fees and charges, including Front Foot Benefit Rates and House Connection Charges; Performs or oversees performance of reconciliation, reporting and analysis of house connection data; Completes and presents the annual update of the Front Foot Benefit Rate Sufficiency Study; • Performs or oversees performance of monthly indirect cost allocations, including analysis and resolution of discrepancies; Monitors standard rate allocation results and recommends changes based on cost analysis; • Prepares special and periodic studies, ad hoc analysis and reporting as requested by internal customers, the Accounting Section Manager and/or Division Manager; • Routinely interacts with management and staff throughout the Commission, external customers and auditors • Represents the Accounting Section Manager and/or Division Manager in meetings and conferences as directed; • Coordinates troubleshooting and problem resolution of issues impairing the operation of financial systems and/or processes;
Skills Required • Thorough knowledge of accounting theory, principles and practice and their application to a wide variety of transactions and problem resolution; • Thorough knowledge of principles and practices of analytical review, including problem definition, setting evaluation criteria, and analysis of alternatives; ability to analyze financial information and prepare complex financial and administrative reports; • Thorough knowledge of internal controls; Ability to analyze and interpret accounting and financial records and recommend improvements; • Thorough knowledge of accounting system and regulations governing the Commission’s operations; • Prior experience in the design and installation of accounting/financial systems and related sub-ledgers; • Excellent project management skills including the ability to coordinate multiple projects, work independently and meet deadlines; • Demonstrated skills in developing and presenting accurate and complete financial reports; • Ability to plan, organize and coordinate the technical work of accountants, and provide effective training; • Demonstration of advanced skill and proficiency in the utilization of spreadsheets, databases, general ledger applications and related sub-ledgers, data manipulation and reporting tools; • Overall knowledge of the Commission and its operations; • Ability to establish and maintain effective working relationships with all levels of management and external organizations/individuals.
Skills Preferred
Experience Required 5 years of progressively responsible experience in public or corporate accounting, auditing, or combination thereof, including: 2 years of recent experience in the operation and maintenance of general ledger software (Oracle General Ledger or equivalent); and 3 years of progressively responsible experience in financial analysis. Most important experience needed crafting, implementing, and maintaining accounting policies & procedures.
Experience Preferred 2 years of supervision of professional employees.
Education Required Bachelor’s degree in Accounting or related field;
Education Preferred • CPA or other professional accounting/fraud certifications; • Master’s degree in Accounting, Finance, or related field;
Additional Information • Administrative office position that may require extended work hours periodically to complete special projects, upgrade or enhance systems, or support the monthly and annual financial statement review and preparation process; • Completion of the Washington Suburban Sanitary Commission Financial Disclosure statement within 30 days of employment and annually thereafter; • Highly proficient in the utilization of Microsoft Office including advanced skills in Excel and Access; • Experience with GASB and FASB pronouncements and their application, preparation and analysis of financial statements in accordance with GAAP.