Accountant III - Policies and Procedures

WSSC - Laurel, MD3.6

30+ days ago
Establishes and updates Accounting policies and procedures. Conducts research, provides findings, and proposes potential changes impacted by recently released GASB standards. Assists in the preparation of annual external financial statements. Assists in implementing the Comprehensive Annual Financial Report (CAFR).

Provides expertise to cross-functional work groups to document data and process coordination between and among business units and software modules. Prepares special and periodic studies, ad hoc analyses and reporting when requested by internal customers, the Accounting Section Manager and/or Division Manager. Performs advanced professional accounting and analysis of a varied nature.

Essential Functions
Provides expertise to cross-functional workgroups to document 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;
Assists in the development of annual audited financial statements;
Conducts research, provides findings, and proposes potential changes impacted by recently released GASB standards.
Establishes and updates Accounting policies and procedures;
Researches and remains current on new technical accounting standards as well as federal and state regulations. Composes position papers and memos when necessary;
Advises on the handling of unusual accounting transactions;
Assists with process improvement initiatives. Updates Commission-wide internal control memoranda annually for external auditors;
Recommends operating, control, and reporting improvements;
Instructs employees on technical accounting issues as well as the interpretation and application of rules, regulations and accounting procedures;
Routinely interacts with management and staff throughout the Commission, and with external customers and auditors.
Other Functions
Represents the Accounting Section Manager and/or Division Manager in meetings and conferences as directed;
Coordinates troubleshooting and problem resolution of issues that hinder the successful operation of financial systems and/or processes;
Performs other related duties as required.
Work Environment And Physical Demands
Standard office setting.

Required Knowledge, Skills, And Abilities
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. Recommends improvement initiatives;
Thorough knowledge of WSSC’s 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 the ability to 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.
Minimum Education, Experience Requirements
Bachelor’s degree in accounting or related field;
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.
Establishes and updates Accounting policies and procedures. Conducts research, provides findings, and proposes potential changes impacted by recently released GASB standards. Assists in the preparation of annual external financial statements. Assists in implementing the Comprehensive Annual Financial Report (CAFR).

Provides expertise to cross-functional work groups to document data and process coordination between and among business units and software modules. Prepares special and periodic studies, ad hoc analyses and reporting when requested by internal customers, the Accounting Section Manager and/or Division Manager. Performs advanced professional accounting and analysis of a varied nature.