What are the responsibilities and job description for the Financial Accountant position at GRTC Transit System?
Join a Mission That Moves Richmond
GRTC is uniquely integrated with the community and presents a range of opportunities from launching innovative new service designs and building large capital projects to expanding throughout the region and continuing to grow ridership. Joining GRTC also means moving to a vibrant capital city with a nationally renowned arts and culture scene, delicious food, and enormous potential. Located just ten minutes from downtown, GRTC’s headquarters power 30,000 transit trips a day, with more routes & regional connections in development as well as a second bus rapid transit line that will complement the Pulse, our ITDP Bronze Medal-winning flagship system that serves as the spine of our network.
SUMMARY:
The Financial Accountant is a key member of the Finance Department, supporting both core accounting operations and financial planning activities. This position is responsible for executing accurate and timely general ledger transactions, assisting with the month, quarterly, and annual close processes, and preparing reconciliations in accordance with GAAP and nonprofit accounting standards. The Financial Accountant contributes to reporting and financial analysis efforts in collaboration with the FP&A team and ensures compliance with internal policies and external reporting requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Prepare and maintain accurate financial records, journal entries, and reconciliations in accordance with GAAP and nonprofit standards.
- Assist in monthly, quarterly, and year-end closing processes.
- Assist in maintaining general and subsidiary ledgers, including accounts receivable, accounts payable, revenue recognition, cost allocation, fixed asset registers, and depreciation schedules.
- Analyze financial data to identify trends, risks, and opportunities.
- Collaborate with FP&A team on forecasting and cost driver analysis, including variance reviews and scenario modeling.
- Ensure compliance with internal controls and public sector financial regulations.
- Prepare timely and accurate financial reports and dashboards for management review.
- Participate in audits and provide necessary documentation.
- Contribute to process improvements and automation initiatives.
- Liaise with procurement and operations teams to ensure alignment of compliance, financial planning, and accounting treatment.
- Support grant accounting process.
- Perform ad hoc financial analysis and reporting as needed.
- Escalate financial and accounting concerns to appropriate supervisory personnel and assist in addressing and resolving issues collaboratively.
- Perform additional duties as assigned to support departmental and organizational goals.
OTHER DUTIES AS ASSIGNED
In accordance with our mission statement, additional duties and / or tasks may be assigned to continue seamless service for the agency.
SUPERVISORY RESPONSIBILITIES
None
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Experience
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is required.
- 2-4 years of relevant experience in accounting.
Knowledge, Skills, and Abilities
- Knowledge and experience with Financial Statements (Budget Reports, Cashflow Models, P&L Statements, Balance Sheets).
- Demonstrated knowledge and understanding of GAAP with a strong attention to detail and timely reporting.
- Intermediate to advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, INDEX/MATCH, charts, etc.).
- Familiarity with ERP Platforms.
- Strong analytical and problem-solving skills.
- Excellent communication and collaboration abilities.
- Ability to manage multiple tasks and meet deadlines.
PREFERRED QUALIFICATIONS
- Experience in public sector or transportation industry.
- Understanding of financial accountability frameworks.
- Familiarity with grant funding and compliance requirements.
- Oracle Cloud ERP system experience.
- Certified Public Accountant (or CPA track).
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
GRTC IS AN EQUAL OPPORTUNITY EMPLOYER WHO VALUES DIVERSITY IN THE WORKFORCE
Salary : $72,000 - $80,000