The Accountant I is responsible for analyzing financial information and preparing reports related to the financial activities of an organization. This position is governed by Generally Accepted Accounting Principles (GAAP), state and federal laws, and agency policy. Typical Functions Establishes contract and grant accounts after award completion, reconciles accounts for billings/invoices/drawdown of grants/contracts, processes journal entries related to general ledger, monitors grant and contract activities, and budgets and processes budget modifications, receivable transactions, and expense transfers.
Develops and maintains manual or automated accounting records to record production, sales, billings, receivables, cash received/disbursed, purchases, inventory, and assets to record and reflect organizational fiscal status; transfers and/or encumbers funds as necessary.
Prepares spreadsheets and database files from automated information systems, monitors purchasing procedures of departmental personnel, makes decisions regarding account responsibility for payment of expenditures, and instructs new employees on purchasing and travel procedures.
Analyzes business operations, trends, costs, revenues, and financial commitments and obligations to project future revenues and expenses for budget purposes.
Enters and runs trial balances, reconciles out-of-balance amounts, and performs calculations on amortization and interest due or earned.
Reconciles bank statements, bank transfers, and stop payments and makes necessary corrections as needed.
Assists management in the development of new accounting systems and procedures and confers with information technology staff to resolve automated information system problems when necessary.
Provides technical assistance to management, research investigators, staff, and members of the general public regarding policies and procedures and budget and accounting laws.
Performs other duties as assigned. Special Job Dimensions Knowledge, Abilities, and Skills Knowledge of Generally Accepted Accounting Principles (GAAP).
Knowledge of manual and automated accounting systems.
Ability to develop and maintain manual or automated accounting systems.
Ability to interpret and apply the provisions of laws, rules, or policies to accounting transactions.
Ability to analyze financial information and prepare reports.
Ability to provide technical assistance to management, research investigators, staff and the general public regarding accounting operations. Minimum Education and/or Experience The formal education of a bachelor's degree in accounting; plus one year of experience in accounting or a related field.
Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management.
Analyzes fiscal transactions to ensure conformity and compliance with accepted accounting procedures and practices. Analyzes expenditures to determine impact on capital and operating budget.
Assigns, trains, supervises, and evaluates sub-professional accounting, clerical, and other staff as assigned in accomplishment of varied accounting related duties. Participates in the development of new accounting techniques in the design and implementation of accounting subsystems, compilation of manuals for accounting and computer applications, and preparing managerial reports. Prepares and monitors agency/institution budget; monitors and forecasts revenues and expenditures; and reviews, analyzes, and presents financial data, including revenue projections and expenditure reports to determine funding requirements.
Prepares financial statements, reports of operations, expenditure reports, statistical data, and other information concerning financial requirements; assists in gathering and reviewing data for preparation of budget work programs. Maintains various ledgers, journals, registers, and other fiscal records; allocates revenues to appropriate functions; classifies expenditures and posts to various accounts as required. Reviews and processes expense vouchers, invoices, and other fiscal documents for payment; reconciles various financial reports and other data concerning fiscal operations. Performs other duties as assigned.
Certificates, Licenses, Registrations Agency Specific Information Applicants must complete all areas of the Application for State Employment. Incomplete applications will not be processed.
Resumes may accompany, but will not replace the application. "See attached resume" is not an acceptable entry for any section. A copy of the DD214 must be submitted at the time of application, to be considered for Veterans' Preference.
Applicants will be required to have a valid Arkansas driver's license and the driving record will be checked prior to employment. Employment in this position may be subject to a Background Check, six (6) month initial period of employment review. Direct deposit is required for employment [Act 1887 of 2005], and 5% mandatory contribution to Arkansas Public Employees Retirement System (APERS).
The Arkansas Economic Development Commission is an equal opportunity employer. Equal employment opportunities (EEO)are provided to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.
State Of Arkansas