Classification Title: Accountant/Fiscal Analyst III
College/Division: Division of Administration and Finance
Department: DAF Controller's Office
Advertised Salary Range: $52,302 - $60,000
Advertised Job Summary:
The Lease Assets Senior Accountant position is responsible for the management of all leases (lessee and lessor) in the Controller's Office including day to day management of all lease agreements, monitoring and payment of all lease payments, lease asset reporting, and depreciation. The position is also responsible for research and analysis of lease assets, verification and documentation of financial transactions, reconciliation and reporting of lease assets and projects including review and preparation of monthly and annual reports.
Manage the Lease Assets within the Controller's Office to include reconciliation of accounting transactions, preparation of daily, monthly and annual reports, recording of monthly depreciation and ensuring the Asset sub ledger is balanced monthly to the General Ledger. Prepare and maintain the month end asset reconciliation and depreciation journal entry within the Asset Management System in coordination with Capital Asset Accountant. Ensure the Asset sub ledger and general ledger is in balance on a monthly basis.
Review all leases thoroughly and develop amortization schedules for each lease. Develop procedures in coordination with departments for all leases to ensure that all are captured for GASB reporting standards.
Prepare and maintain an annual lease assets physical inventory to ensure the accuracy of the Asset Management System and the asset owners across the System. Ensure this is completed at least annually and reconciled to the Asset Management System. Coordinate with the Capital Asset Accountant for the annual physical inventory.
Prepare annual reporting for Financial Statements for assets to include note disclosures for capital leases.
Serves as the backup to all asset processes within the Asset Management System ensuring monthly processes are completed timely and accurately during fiscal month close process.
Reviews, analyzes and evaluates existing policies, programs, plans, systems, operations, procedures and documents to develop improvements in efficiency, effectiveness and productivity; assists in developing program performance standards.
Advertised Minimum Qualifications :
Bachelor's degree in accounting or related field and 6 years professional accounting experience.
The University of South Carolina is a globally recognized, high-impact research university committed to a superior student experience and dedicated to innovation in learning, research and community engagement. Founded in 1801, the university offers more than 300 degree programs and is a top-tier Carnegie Foundation research institution. More than 50,000 students are enrolled at one of 20 locations throughout the state, including the research campus in Columbia. With 60 nationally ranked academic programs including top-ranked programs in international business, the nation's best honors college and distinguished programs in engineering, law, medicine, public health and the arts, the university is helping to build healthier, more educated communities in South Carolina and around the world.