Manager, Financial Reporting

Manager, Financial Reporting

Finance

Move Forward with us! At NJ TRANSIT, youll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets our customers to their destinations on time- and were looking to hire talented folks with a commitment to excellence.

Summary

Prepares or oversees the preparation of work papers and financial statements for the defined contribution and defined benefit pension plans NJ TRANSIT offers to its employees.Responsible for coordinating the audit of pension statements with the outside audit firm contracted.Also responsible for year-end financial statements and footnote preparations, including cashflow statement.

Roles and Responsibilities

• Prepares and oversees the preparation of work papers and financial statements for the defined contribution and defined benefit pension plans NJ TRANSIT offers to its employees.Responsible for coordinating the audit of pension statements with the outside audit firm contracted.Financial statements must be completed on a timely basis to enable issuance to pension committees.
• Prepares or reviews the year end workpapers for statement of net position, changes in statement of net position, and cashflow statement for annual report. Follows up with auditors for the supporting schedules.
• Compiles, and in some cases prepares, the Notes to Consolidated Financial Statements in the NJ TRANSIT annual report. Ensures that all footnotes are supported by appropriate work papers and agree to the published financial statement figures.Responsible for assisting with the proofreading of the annual report.
• Conducts special research and prepares unique presentations for upper management as required where no clear precedent exists.This may include Power Point presentations or specific analytical analysis for internal or external audiences.
• Manages the preparation of National Transportation Database reports and follows up on the explanations of year over year analysis.
• Manages the development of fringe benefit rates. Establishes fringe benefit rates used for operational budgets and third party reimbursement.
• Prepares indirect cost rates to obtain FTA approval.Researches federal super circular and OMB new rules and regulations. Communicates with independent auditors for justifications.
• Collects the schedules from the internal and external sources, prepares the supporting documents to perform fiscal year end fringe adjustments and follows up with the external auditors on their questions.
• Performs assigned duties during the monthly close including, but not limited to, preparation of journal entries and analysis, processing transactions, and research into significant budget variances.
• Performs all other duties as assigned.

Education, Experience and Qualifications

Baccalaureate degree in Accounting, five (5) years' experience in financial statement and footnote preparation. CPA firm experience preferable. Knowledge of computerized financial systems and Oracle General Ledger system. Must be proficient in general PC and office software applications including but not limited to Excel, Word, Access and Power Point.

Knowledge and Skills

Knowledge of computerized financial systems and Oracle General Ledger system

CPA Firm Experience- Preferred

Supervision Given to

Principal Accountant

At NJ Transit you will enjoy a competitive salary and excellent benefit package:

• Comprehensive Family Health Insurance Prescription, Dental, Vision
• Flexible Spending Account
• Life Insurance
• Paid Leave
• 401(a), 401(k)Retirement Plans - up to 9% employer contribution
• Tuition Assistance
• Qualified Transportation Expense Plan (QTE)

At NJ TRANSIT we support and depend upon the diversity of our staff. NJ TRANSIT is an Equal Opportunity Employer.