We are seeking an individual to join our Business Office team to complete daily and weekly cash accounting processes to ensure accurate and detailed records of all cash transactions are maintained. This position will also be responsible for completing assigned monthly close processes, preparing journal entries and reconciliations, assisting with internal management financial reports and budgeting processes, preparing and completing tax filings, and providing backup support for other areas in the accounting office.
Reconcile main bank and sub accounts weekly.
Prepare and post journal entries to record all main bank and sub account activity weekly.
Access bank information online and record cash activity daily in cash spreadsheets.
Follow cash reconciliation procedures and update documentation as necessary.
Provide reconciliation report weekly to the Accounting Manager for review and follow-up on open items as well as daily follow-up on rejected transactions, fraud notifications, and check voids.
Review available balances in cash accounts and recommend transfers between accounts as needed
Update cash flow summary report with daily cash receipts and expenditures by type and assist in the analysis of unusual or unexpected transactions.
Support any audit testing of cash accounts or transactions as needed.
Perform other responsibilities as assigned by the supervisor.
Monthly fixed asset reviews, asset maintenance in the fixed asset module and reconciliations.
Perform monthly investment and accrued interest reconciliations. Maintain electronic statements and assist with monthly endowment reporting.
Prepare monthly prepaid reconciliations.
Reconcile third party scholarships monthly and work with student financial services to clear balances.
Monthly reconciliation of bond, note, and interest payable accounts as well as bond amortization and trustee deposit reconciliations. Update the capital and operating leases schedules as needed.
Upload monthly central service journal entries to ERP system as well as accounting tickets.
Various asset and liability monthly account reconciliations as assigned.
Perform year-end inventory counts and reconciliations.
Prepare various budget variance analysis in support of management and financial reporting.
Assist in the annual capital budgeting process and completion of monthly summary reporting.
Tax preparation and filing:
Prepare and file monthly sales tax as well as annual sales tax reports.
Process and report unclaimed property.
Provide back up support:
Provide backup support for accounts payable or other duties as necessary.
Other reconciliation, duties, and special projects as assigned such as work with archiving and record retention.
Bachelor's degree required.
One to three years of experience in accounting or finance required.
Experience with account reconciliations is required.
Ability to use MS Excel spreadsheets and MS Word effectively and efficiently required.
Experience with financial statement analysis is preferred.
Knowledge and experience in ERP environments is preferred.
Knowledge of accounting internal controls preferred.
Knowledge of GAAP and non-profit accounting experience preferred.
Ability to work in a team environment as well as work independently or with little supervision.
Ability to reason/analyze, research, and resolve problems.
Ability to carry out duties with accuracy and attention to detail despite frequent interruptions.
Effective time management skills. Example: timely completion of projects and effectively prioritize work.
Ability to maintain confidentiality and demonstrate initiative.
Work Environment and Physical Demands:
Typical work environment is an office. Working at a desk for long periods of time.
Augsburg University offers more than 50 undergraduate majors and nine graduate degrees to more than 3,500 students of diverse backgrounds. The student-faculty ratio is 13:1 and is characterized by strong teaching in small classes. The University's Mission Augsburg University educates students to be informed citizens, thoughtful stewards, critical thinkers, and responsible leaders. The Augsburg experience is supported by an engaged community that is committed to intentional diversity in its life and work. An Augsburg education is defined by excellence in the liberal arts and professional studies, guided by the faith and values of the Lutheran church, and shaped by its urban and global settings. The CampusLocated in the heart of the Twin Cities, Augsburg’s main campus surrounds Murphy Square, the oldest park in Minneapolis. The University of Minnesota West Bank campus and the University of Minnesota Fairview Medical Center are across the street from Augsburg, with the Mississippi River and the Seven Corners theatre district just a few blocks away.The 23-acre campus consists of a mix of historic and newer buildings that reflect the contemporary needs of the academic programs. Augsburg...’s newest signature academic building, the Hagfors Center for Science, Business, and Religion, opened for classes January 8, 2018. In addition to its Minneapolis campus, Augsburg has a location in Rochester, Minnesota, and maintains international sites and staff in Mexico, Nicaragua, and Namibia.