General Ledger Accountant
General Ledger Accountant
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Salary Not Disclosed
1 Vacancy
Job Description
Since 1917 the Teachers Retirement System of the City of New York (TRS) has been securing better futures for NYC educators. With a pension fund valued at approximately $120 billion TRS serves over 215000 members providing them with retirement disability and death benefit services.
TRS Qualified Pension Plan (QPP) is a defined benefit plan that provides members with a monthly retirement allowance upon meeting certain eligibility requirements. TRS members can also enhance their benefits with a TaxDeferred Annuity (TDA) Program which offers multiple investment options and taxdeferred earnings.
At TRS we seek dedicated professionals who are passionate about their work and committed to excellence. We pride ourselves on our membercentric culture focused on delivering outstanding service and support to our members.
Position Summary:
The General Accounting Unit is responsible for processing payments to members and managing distributions from the Tax Differed Annuity (TDA) Program which includes handling Qualified Pension Plan (QPP) and TDA loans excess withdrawals and various TDA distributions such as withdrawals and refunds related to LineofDuty Injury (LODI) contributions. The unit also manages funds for membership transfers death benefits and nonautomated payments while ensuring proper documentation through 1099 Forms for different payment types and monthly cash records. Additionally it generates annual 1099 Forms for inservice members and oversees wire transfers between bank accounts.
This role is essential to the Departments financial operations with responsibilities that include reconciling ledgers and bank statements preparing weekly and monthly financial reports and ensuring compliance with all applicable agency policies.
We are seeking a motivated and detailoriented accounting professional who thrives in a fastpaced environment and takes pride in delivering accurate timely and courteous support. The ideal candidate is a selfstarter with strong multitasking abilities and a commitment to serving TRS members with professionalism and efficiency across a variety of general accounting functions.
Key Responsibilities:
Review and reconcile subledger general ledger accounts and bank statements. Investigate discrepancies in coordination with Accounting units.
Maintain and prepare weekly Corpus expense ledger transactions trial balances and monthend financial reports.
Ensure compliance by reviewing financial entries for adherence to agency policies procedures and applicable regulations.
Process payrolls by preparing the Corpus expense ledger nonperiodic payrolls general journal entries and payment vouchers. Verify and post automated accounting transactions ensuring accuracy and timeliness in the general ledger system.
Develop document and implement standard operating procedures monitoring adherence to established processes.
Support additional initiatives by performing related duties and special projects as assigned.
ACCOUNTANT 40510
Qualifications :
1. A baccalaureate degree from an accredited college or university accredited by regional national professional or specialized agencies recognized as accrediting bodies by the U.S. Secretary of Education and by the Council for Higher Education Accreditation (CHEA) including or supplemented by 24 semester credits in accounting including one course each in advanced accounting and auditing; or
2. A valid New York State Certified Public Accountant license.
To be eligible for placement in Assignment Level II individuals must have in addition to meeting the minimum requirements at least one year of experience as an Accountant Assignment Level I or at least two years of satisfactory fulltime professional accounting or auditing experience.
Additional Information :
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic including but not limited to an individuals sex race color ethnicity national origin age religion disability sexual orientation veteran status gender identity or pregnancy.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
