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Principal Accountant (Financial Reporting)

NJ Transit

Newark, NJJobNo compensation foundPosted 3mo agoSeen in employer's feed 2 days ago
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At a glance

Compensation
No compensation found
Location
Newark, NJ
Work Authorization
Not specified

Requirements

Credentials this posting asks for.

Bachelor's degree

Job overview

NJ Transit is hiring a Principal Accountant (Financial Reporting). The Principal Accountant (Financial Reporting) monitors accounting, reporting, and control of financial data to ensure accurate maintenance and reporting of expenditures in accordance with accounting standards, NJ TRANSIT policy, and federal and state regulations. This role participates in implementing and developing NJ TRANSIT policies and procedures to maintain consistency, improve methodology, and enhance the efficiency of accounting operations.

Key focus areas include Prepares and distributes detailed reports for all levels of management., Prepares various government reports to meet federal and state compliance requirements., and Responsible for reconciling financial data and preparing workpapers and financial statements for pension plans..

Successful candidates bring Bachelor's Degree In Accounting, 5+ Years Applied Accounting Experience, and Preparation Of Financial Statements And Footnotes Experience. Important skills include Computerized Financial Systems and Accounting Technical Skills. Preferred (not required): Oracle General Ledger, Microsoft Office Products, Power Point, and Communication.

Skills & qualifications

RequiredNice to have

Skills

Computerized Financial SystemsOracle General LedgerMicrosoft Office ProductsPower PointCommunicationAccounting Technical Skills

Qualifications

Bachelor's Degree in Accounting5 Years Applied Accounting ExperienceExperience With Preparation of Financial Statements and FootnotesExperience With Pension Reports

Benefits

Medical Insurance
Dental Insurance
Vision Insurance
Paid Time Off
Tuition Assistance
401(k) Match

Full job description

Principal Accountant (Financial Reporting)

Finance

Job Description:

Move forward with us! At NJ TRANSIT, you'll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets customers to their destinations on time–and we're looking to hire talented folks with a commitment to excellence to make it all possible.

Summary:

Monitors the accounting, reporting and control of financial data to ensure the accurate maintenance and reporting of expenditures in accordance with accounting standards, NJ TRANSIT policy and procedures, and federal and state regulations.

Participates in the implementation and development of NJ TRANSIT policies and procedures in order to maintain consistency, improve methodology and efficiency of accounting operations.

Roles and Responsibilities:

  • Prepares and distributes detailed reports for all levels of management to facilitate the flow of financial information.

  • Prepares various government reports to meet federal and state compliance requirements.

  • Responsible for reconciling financial data and preparing workpapers and financial statements for NJ Transit’s defined benefit pension plans and defined contribution plans.

  • Works with the financial reporting team on the preparation of financial statements and footnotes for the annual reports, also prepares the various supporting schedules for year-end audits.

  • Assists the external auditor in collecting information from internal and external sources for the annual audit, also follows up on pending issues.

  • Performs assigned duties during the monthly close including, but not limited to, preparation of journal entries and analysis, processing transactions, and research into significant budget variances.

  • Prepare power point presentation for monthly board financial package.

  • Provides oversight direction to lower-level accountants in the performance of specific tasks or special projects.

  • Performs all other duties as assigned.

Education, Experience, and Qualifications:

  • Bachelor’s degree in accounting and five (5) years of applied accounting experience.

  • Experience with preparation of financial statements and footnotes required.

  • Experience with pension reports desired.

Knowledge and Skills:

Essential:

  • Knowledge of computerized financial systems required.

  • Oracle General Ledger experience highly desired.

Preferred:

  • Must be proficient in Microsoft Office Products with advanced MS Excel and Power Point experience.

  • Must have excellent written and verbal skill.

  • Strong accounting technical skills preferable.

At NJ Transit, you will enjoy a competitive salary and excellent benefits package:

  • Comprehensive Family Health Insurance – Medical, Prescription, Dental, Vision

  • Flexible Spending Account

  • Life Insurance

  • Paid Leave

  • Tuition Assistance

  • Pre-Tax Commuter Benefits Plan

  • Retirement Plans

  • 401(a) - Retirement plan with a 6% employer contribution

  • 401(k) - Retirement saving plan with up to an 3% company match

  • 457(b) - Deferred Savings Plan

NJ TRANSIT is an Equal Opportunity Employer

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