What are the responsibilities and job description for the Staff Accountant position at Rhode Island Commerce?
Statement of Duties
The Staff Accountant performs professional accounting and financial administration duties in support of the Corporation’s fiscal operations, with responsibility for maintaining accurate financial records, supporting daily accounting operations, assisting with grant accounting and billing processes and other financial functions of RI Commerce Corporation and other related entities.
Position Functions
The essential functions and duties listed below are intended only as illustration of the various types of work that may be performed. The specific omission of specific statements of duties does not preclude them from the position if work is similar, related, or a logical assignment to the position.
Essential Functions
General Accounting & Accounts Payable
Process accounts receivable activities (billing and receipts for bond fees, rent, due from State etc.) for all entities, ensuring accurate and timely processing of all receipts.
Assist with cash management related functions, including the maintenance of the daily cash sheet, performing daily cash deposits, and processing loans and other payments in a timely manner.
Perform accounts payable related functions, including vendor maintenance, coordinating the annual 1099 process, preparing vouchers and data entering of payables for all entities, using Great Plains accounting software.
Assist with month-end and year-end close processes.
Assist in the preparation and posting of journal entries and general ledger transactions.
Grant Accounting & Billing
Assist with the administration and accounting of grant-funded programs.
Work closely with program leads to track grant expenditures and ensure compliance with funding requirements.
Assist with grant invoicing and reimbursement requests.
Administrative & Team Support
Respond to requests for financial information and supporting documentation.
Participate in process improvement initiatives and special projects.
Provide general accounting support to the Accounting Department as assigned.
Help maintain internal controls and improve accounting processes.
Key Competencies
Dependable, confidential, trustworthy, flexible, and detail-oriented
Ability to multi-task, prioritize, organize, and manage time effectively
Excellent written and verbal communication skills with strong attention to detail and accuracy.
Demonstrated commitment to customer service and a collaborative team-oriented approach.
Preferred Qualifications
Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
Minimum of 2 years of accounting, bookkeeping, or finance experience.
Understanding of Generally Accepted Accounting Principles (GAAP).
Experience preparing journal entries and performing account reconciliations.
Proficiency in Microsoft Excel and accounting software systems.
Experience with federal grant compliance and reporting
Intermediate experience with Great Plains, Microsoft Excel, Word, Outlook, and CSC paymaster
Classification
Regular Full Time – 37.5 Hours per Week
Salary / Exempt
Reports to
CFO
The Rhode Island Commerce Corporation (the ‘Corporation’) is an Equal Opportunity Employer. The Corporation does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non- disqualifying physical or mental disability, national origin, veteran status or any other basis covered by applicable law. All employment is decided on the basis of qualifications, merit, and business need. The Corporation will not tolerate discrimination or harassment based on any of these characteristics.