The Specialist, Accounting is responsible for supporting month-end and year-end closing activities, including bank and general ledger account reconciliations, account allocations, indirect cost allocation and revenue recognitions. The incumbent allocates monthly expense charges to the appropriate cost centers and serves as point of contact for questions regarding general ledger entries. This position reports to the Senior Specialist, Accounting.

RESPONSIBILITIES INCLUDE BUT ARE NOT LIMITED TO:

1. Support Sr. Specialist with analyzing and maintaining the general ledger to ensure the accuracy of revenue and cost allocation.
2. Assists with all closing activities within 10 business days after the end of the month, including but not limited to
1. Prepares bank transactions and monthly bank reconciliations
2. Allocates periodic expenses, including but not limited to American Express and postage charges to the appropriate department/cost centers
3. Assigns overhead expense to the appropriate department/cost center using negotiated Federal rates
4. Maintains prepaid expense schedule and recognize expenses
5. Maintains fixed asset, leasehold improvement and rent abatement schedules and depreciate/amortize expenses
6. Prepares monthly revenue recognitions and corresponding journal entries
3. Prepares balance sheet reconciliations and correcting journal entries on a monthly basis.
4. Prepares journal entries for corrections/reallocations as requested, ensuring that adequate documentation supports each request.
5. Responds to questions and inquiries from staff in a timely manner.
6. Provides assistance with financial analysis, accounting related research projects, program analysis and project support.
7. Serves as back up to other Specialist, Accounting GL.
8. Supports in preparation of reports and schedules for the year-end audit.
9. Maintains policies and procedures for areas of responsibility.
10. Contributes to finance team effort by performing other duties, tasks and participates in special projects as assigned.

In performing the above duties, the Accounting Specialist, General Ledger will ensure compliance with relevant laws and regulations, Generally Accepted Accounting Principles (GAAP), and the Association’s policies and procedures.