SUMMARY: This position is responsible for managing the University’s Bank accounts to ensure there are enough reserves to cover all University issued checks, as well as maximize the cash on hand at the treasury to ensure our average daily cash balances are optimal to maximize our interest earning potential. Furthermore this position exists to provide accounting support to the Accounting Services Department by reconciling the external bank accounts used by the University, act as liaison with bank management, bank customers, and the University’s specialized departments (Accounts Receivable, Accounts Payable and Payroll). This position also exists to meets the State’s unclaimed property requirements via quarterly escheat entires, due diligence reporting, and conducting an annual asset transfer to the state. This position also exists to research and prepare necessary entries between the University’s and State system.
RESPONSIBILITIES: -Reconciles accounts that issue disbursements for the Accounts Payable, Student Accounts and Payroll departments. Reconciles accounts that handle all receipts, i.e. cash, credit card, wires. Conducts research on these accounts resolving discrepancies and making any necessary entries to the Metropolitan State University of Denver Banner Finance System or the State’s CORE system. Perform Cash Management duties for all bank accounts.
-Checks and records monthly bank interest, service charge, analyzing the Service Analysis Statements from the bank to see if any service changes can be made to reduce charges.
-Sends and receives bank balance confirmation letters, researches and answers questions presented by the auditors regarding bank reconciliation, voids, escheats, interest etc, analyze and record necessary new fiscal year reversing entries, analyze and record necessary year end closing entries according to State’s closing instructions. Preparing exhibits relating to cash.
-Upload the check issuance files for Accounts Payable, Student Financial Aid, and Payroll to the bank every day and download paid check files from the bank every month. Download daily bank activity to review the account balances as well as monitor the activity for errors, fraud or other questionable activity. Draw down cash from State Treasury to cover for the checks issued by Student Accounts, Accounts Payable, and Payroll and wire cash to the State Treasury to maximize the earned interest. Research and determine the status of checks for propriety of stop payments. Upload void information to bank.
-Review and determine status of stale dated checks; audit and assemble necessary documentation, send notification to payee and make necessary entries to MSU Denver Banner Finance system. Verify the payee’s addresses before mailing out letters informing the payees of uncashed checks. Work with Students Accounts office to determine if a particular check needs to be voided on the AR system instead of escheating. Maintain a worksheet of all escheated checks and transfer assets to the State Treasury after a full reconciliation of the escheat accounts for Accounts Payable and Student and Payroll.
-Audit all Petty Cash accounts for the University. Perform the duties of the CORE Accountant and Fixed Asset Accountant in their absence.
-Perform other related duties as assigned by the Director of Alumni Relations and Giving.
EO STATEMENT: Metropolitan State University of Denver is an equal opportunity employer.
QUALIFICATIONS: Required Qualifications:
-Bachelor’s degree from an accredited College or University in Accounting or Finance,
Full-time professional accounting experience may substitute for Bachelor’s degree in accounting (one year of education is equal to two years of professional accounting experience.)
-Documented Reconciliation experience
-Banner Finance experience.
-Microsoft Office experience.
-Three years of professional accounting experience
-Experience keeping accurate financial records.
-Knowledge of state and federal financial policies and regulations to maintain compliance.
-Must be detail orientated.
-The ideal candidate must have an ability to multi-task and work well under pressure.
-Knowledge or experience using the States CORE Finance System.
-Must have effective oral and written communication.
RANK & SALARY: The hiring salary range is $41,947 – $49,102.The final salary will be commensurate with education and experience.
APPLICATION: IMPORTANT: in order to be considered as an applicant YOU MUST GO TO: www.msudenverjobs.com to apply.
DEADLINE: 01/17/2017 All applicants must apply through the Online Application System at https://www.msudenverjobs.com.