Job description
Responsible for providing basic accounting functions to include (but not limited to) preparation of financial statements, balance sheet reconciliations, and timely month end close processes for multiple schools. Also responsible for evaluating financial trends and operating performance of the schools and the communication of this performance to the school/divisional management teams.
- Ensure integrity of the financial statement reporting for responsible schools by performing all the necessary month end close processes for assigned schools.
- Work with school management and the divisional team to develop and implement plans to correct any non-compliance to company standards and controls as they relate to transactional general ledger accounting.
- Provide departmental cross-training or additional field training when needed.
- Understand the basic operations for each assigned school.
- Prepare balance sheet reconciliations timely and in accordance with any available standard procedures and templates. This also includes keeping all reconciliations current.
- Financial analysis as needed and requested by school or divisional team.
- Provide excellent customer service, both internal and external.
- Analysis of revenue recognition for each school to include making recommendations to the school financial leader and/or divisional team on corrections needed within CampusVue to properly recognize revenue in any given month.
- Complete monthly bad debt allowance reserve calculations/templates for each assigned school. This to also include analysis as to the drivers of the bad debt adjustments needed and communication of this analysis to the divisional team and school financial leaders.
- Complete General Ledger release function out of CampusVue and ensure that journal entries posted have been reviewed and approved.
- Complete AR Collapsing function according to CEC standards and ensure all appropriate journal entries are made to properly classify the type of receivables and deferred revenue on each school’s balance sheet.
- Ensure proper backup is maintained for all journal entries posted to the ledger. This would include appropriate review and signoff as well as general understanding for each entries purpose.
- Maintain accurate and updated schedules of all balance sheet reconciliations for responsible schools. This to include cash reconciliations that have reconciling differences that are current within 30 days old. This also includes the usage of standard templates (i.e. cash, prepaid, and accruals.)
- Update and submit corporate finance schedules as it relates to the financial statements or any SEC based reporting.
- Provide information of the financial results to the division team as needed.
- Provide the cash management function for each assigned school to include all necessary wire transfers between bank accounts.
- Work directly with the school’s Student Accounts department to ensure that proper cash entries are made to the general ledger as well as appropriate entries are made by student accounts to individual student ledger cards.
- Ensure that all Asset Management control files are properly filled out and approved prior to submission to the fixed asset analyst.
- Ensure all AP invoices are coded to the proper GL account prior to submitting them to the school financial leader for approval.
- Review Preliminary and Final financial statements with the school financial leader or divisional team within the 3 day month end close process.
- Communicate issues at the school level to the divisional teams that include proposed solutions or action plans for resolution.
- Ad hoc analysis for the school or division teams when needed.
Required Skills
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Prior responsibilities to include the month-end close process for a given entity.
- Excellent communication skills (verbal and written.)
- Capable of providing excellent customer service.
- Attention to detail and organizational skills.
- Must be able to multi-task.
- Knowledge of financial systems (i.e. PeopleSoft, CampusVue, etc.)
- Strong working knowledge of Microsoft office software.
- Ability to understand basic internal controls and company policies as it relates to the financial statements (i.e. account reconciliations, detailed support, proper approvals, etc.)
- Knowledgeable of GAAP.
- Display a high level of energy.
- Self-motivated. Ability to work independently.
- Demonstrates effective judgment.
- Ability to plan and prioritize workloads.
- Ability to establish strong working relationships with school and divisional team management.
- Ability to commute to the Schaumburg, Illinois office as needed
- Resides in Illinois or surrounding states
Required Experience
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Bachelor of Science degree in Accounting/Finance from an institution accredited by an agency recognized by the U.S. Department of Education required.
- 3-5 years accounting experience.
What we offer*
- Salary Range between $70,000 to $80,000
- Paid time off
- Comprehensive medical, pharmaceutical, dental, and vision benefits
- Health savings and flexible spending accounts
- 401(k) Savings Plan
- Life and Disability Insurance
- Tuition assistance
- Employee Stock Purchase Plan
- Additional benefits including an Employee Assistance Program, prenatal and adoption assistance, and other voluntary benefits to select from.
- Most benefits apply to full-time employees. Some benefits apply to part-time employees as well. Benefits may vary by location and position and are subject to change at any time. Ask your recruiter for full details and information about eligible dependents.
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