PRINCIPAL ACCOUNTANT

PRINCIPAL ACCOUNTANT Reports to: Accounting Manager or Administrative Supervisor Class Code: 1277 Grade: 110 FLSA: Exempt Hourly Wage: $43.86 ~ $52.62 NATURE OF WORK Serves the public with supervisory and advanced specialized professional accounting work. DISTINGUISHING FEATURES Work involves performing professional accounting work and planning and supervising the work of accounting and accounting support staff in the maintenance of financial accounting and reporting systems. Work is performed with independence, according to generally accepted accounting principles, and within the framework of established laws, regulations, procedures, policies, rules, and procedures governing the financial accounting and reporting. Positions in the class supervise accounting work. This is the third of a three-level series of classifications. It is distinguished from the Senior Accountant by greater complexity and significance or consequence of assignments and responsibility. The employee is responsible for consistent and accurate financial reporting structure, punctuation and layout. ESSENTIAL FUNCTIONS (These essential duties are only illustrative.) Controls input and assure accuracy of general ledger postings; codes journal entries and reviews account coding of transactions prior to data entry. Controls the addition and deletion of accounts to the chart of accounts; maintains indexes and coding structure for ease in preparing financial statements. Assists Accounting Manager in the preparation of annual comprehensive financial statements; administers the reconciliation of accounts. Prepares various work papers, schedules and financial statements in advance of financial audits by external independent auditors; confers with Accounting Manager and auditors to implement changes in accounting and financial reporting and internal controls. Reviews and recommends changes to automated financial accounting system and related procedures to enhance internal control. Supports internal City departments with accounting needs, including grant monitoring and distributing GATA documents. Prepares periodic special reports and calculations. Manages or monitors various accounting functions such as debt service, capital assets, construction, or other internal accounting processes. Creates and Posts journal entries timely to maintain ledger accuracy. Monitors the posting or posts accounting check issuances to general ledger. Stays current on changes and developments in GASB, GAAP, Federal Single Audit regulations, and GFOA guidelines. Maintains reasonable and predictable attendance. SUPERVISION RECEIVED Works under the general supervision of the Accounting Manager and Finance Director. Work is reviewed for the quality of work performed and effective functioning of organizational areas of responsibility in conformance with applicable laws, ordinances, policies and regulations. SUPERVISION EXERCISED Exercises supervision over technical and program support staff, or their direct work output, engaged in carrying out the various functions and requirements of their respective responsibilities. Supervisory responsibilities include assigning and evaluating work, resolving personnel problems, setting performance goals and standards, making hiring and disciplinary decisions, and performing other supervisory functions. WORKING CONDITIONS & PHYSICAL DEMANDS Work is performed primarily in an office setting and is essentially sedentary with occasional walking, standing, bending, and carrying items under 25 pounds such as papers and files. Work requires periods of extended computer use and performing tasks with set deadlines and volume processing. SUCCESS FACTORS (KSAs) Thorough knowledge of governmental accounting, finance, auditing, and expenditure control systems and procedures. Thorough knowledge of generally accepted accounting principles and practices, as applied to government accounting, and related systems and procedures. Thorough knowledge of municipal policies and state laws relating to governmental accounting and financial auditing. Considerable knowledge of automated accounting systems. Knowledge of MS Office Suite or other word processing, spreadsheet and data base software standard that may be adopted by City departments. Ability to apply accounting principles to the development, maintenance, or auditing of fiscal and accounting records. Ability to analyze accounting or fiscal systems and prepare accurate and timely financial statements and reports. Ability to evaluate, develop, and initiate revisions in established accounting systems, procedures, records, and controls. Ability to operate computerized accounting, budgeting, and related programs. Ability to coordinate or supervise others effectively. Ability to sit for extended periods of time. Ability to prepare and maintain accurate and complete financial records and reports and assist in preparing for external financial audits. Ability to communicate ideas clearly and concisely, both orally and in writing, with a diverse group of people. Ability to establish and maintain effective working relationships as required by the work of the position. Skill in recognizing and reconciling discrepancies in entries to general ledger and subsidiary ledgers. Skill in the operation of a personal computer. EDUCATION, TRAINING & EXPERIENCE Graduation from an accredited college or university with a Bachelor’s degree in accounting or a related field and 5 – 7 years of increasingly responsible governmental financial accounting experience, including at least 2 years of supervisory experience. Any satisfactory equivalent combination of experience and training, which ensures the ability to perform the work, may be substituted for the required experience. NECESSARY SPECIAL REQUIREMENTS Residency Requirement: All employees (except Police and Fire) shall reside anywhere in Winnebago County or anywhere within fifteen (15) miles of the Rockford City Hall within six (6) months of completion of their introductory period, department heads and City Administrator shall live within the municipal boundaries of the City of Rockford within six (6) months of their completion of their introductory period. Position : 000127701 Type : INTERNAL & EXTERNAL Location : FINANCE DEPT Group : EXEMPT NON Job Class : PRINCIPAL ACCOUNTANT Posting End : 07/31/2026