State Of Virginia Norfolk , VA 23510
Posted 2 days ago
Title: Accounts Receivable Analyst (2 positions)
Agency: Tidewater Community College
Location:Norfolk - 710
FLSA: Nonexempt
Hiring Range: Pay Band 4, commensurate w/ experience
Full Time or Part Time: Full Time
Additional Detail
Job Description:
Tidewater Community College has served South Hampton Roads - both students and employers - for 50 years. It has grown from 1 campus into a regional educational and economic force. TCC is the largest provider of higher education and workforce services in Hampton Roads, enrolling nearly 28,000 students in 2019-20. Founded in 1968 as a part of the Virginia Community College System, Tidewater Community College (TCC) services South Hampton Roads with 4 campuses in Chesapeake, Norfolk, Portsmouth, and Virginia Beach, 7 regional centers and 2 important cultural institutions. The college had 3,203 graduates in 2019-2020, 40 percent of whom pursued degrees that would let them transfer to 4-year institutions. Of South Hampton Roads residents enrolled in higher education 36% enrolled at TCC. TCC's institutional accreditation is affirmed through 2027 by the Southern Association of Colleges and Schools Commission on Colleges.
The Accounts Receivable Analyst is responsible for third party invoicing, receipting, collecting, depositing, posting and reporting of accounts receivable, account and general ledger analysis and preparing complex reconciliations to ensure accuracy in the processing of financial transactions according to VCCS standards, GAAP, CAPP, and college policies and procedures.
The position applies the knowledge of generally accepted accounting principles, business practices and collection procedures in processing and pursuit of third-party receivables. Analyzes third-party tuition assistance documentation for compliance with college requirements, contractual agreements and MOUs and establishes deferment contracts in PeopleSoft (SIS). Independently, performs weekly and monthly reconciliations between SIS, and the external databases to ensure proper reporting and receivable assessment as part of quarterly reporting requirements and receivable assessment. Audits third-party accounts for compliance with contractual agreements and accuracy of deferments and coordinates corrective measures with business offices and Workforce Development. Interprets contractual agreements and generates invoices by applying knowledge of Commonwealth of Virginia, VCCS and College policies and procedures, reconciling invoices for accuracy and compliance with all supporting documentation. Invoice submission and account reconciliation in external systems (WAWF, MYCAA Portal, ARMYIgnited Portal, Tungsten, and WES). Investigates delinquent accounts and performs due diligence by communicating frequently with internal and external customers to discuss financial issues. Maintains detailed account records in both hardcopy and electronic formats meeting established record retention guidelines. The position processes electronic deposits with the use of external banking software and websites. Cash handling to include receipt of various tender types and the assignment of account coding for deposit entry. Initiates and processes the transfer of funds to the general ledger. The position analyzes, interprets and records fiscal data and financial transactions in support of third-party accounts, financial reporting, financial statement preparation and cash management. The position works closely with campus Business Offices, Workforce Development, CMVE and Student Services to ensure timely and accurate processing of deferment and invoicing, while providing guidance and customer support services to inquiries regarding accounts and refunds. Functions within established guidelines and procedures to make independent decisions and recommendations concerning account and data analysis.
Provides daily management and oversight of student receivables as directed by VCCS relating to the College Tuition Payment Plan:
This position will require a credit check.
Minimum Qualifications:
Preferred Qualifications:
State Of Virginia