NYC Economic Development Corporation
- Accounting Manager
Accounting Manager
Finance · New York, United States
Job description
Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.
Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Position Overview:
Reporting to the Deputy Controller, the Accounting Manager oversees the Cash Management team which manages the collection, application, transfer, and investment of funds for NYCEDC and affiliated entities and the accurate and timely accounting of the related transactions. The Accounting Manager builds strong work relationships with colleagues to facilitate the transfer of information and documentation needed for financial reporting and audit by promoting a team environment of collaboration and customer service in order to respond to inquiries from both internal and external stakeholders. The Accounting Manager will also be a liaison between NYCEDC’s banking partners and the Finance Division.
Essential Duties and Responsibilities:
- Prepare and/or review and present daily/monthly/quarterly cash and investment report to Management
- Review comprehensive workpaper package and post journal entries and account reconciliations for cash, investments, and loans and effectively addressing any discrepancies
- Analyze and perform daily application of cash receipts by reviewing and posting cash receipts into the accounting general ledger systems
- Understand pertinent documents, including leases and legal agreements, to ensure that transactions are timely and accurately recorded and reported
- Work closely with bank relationship contacts for bank accounts maintenance, including analysis and reporting of bank service fees, earnings credits and interest
- Maintain awareness of banking trends and changes in the financial services industry to make recommendations to enhance and improve banking and treasury practices
- Monitor compliance with investment policies and guidelines
- Respond to inquiries timely, both internal and external, and resolve issues regarding cash receipts and applications
- Develop and monitor KPIs and forecast for cash, investments, and loans for Management review
- Meet with internal and external auditors and provide requested support as necessary
- Lead, motivate, and develop talent within the Cash Management team by coaching, engaging, and evaluating performance
- Other duties as assigned
Qualifications:
- Bachelor’s degree in Accounting
- 5+ years of experience in Accounting
- Proficient in Microsoft Office Suite applications (Word, Excel, Outlook, PowerPoint)
- Experience with Microsoft Great Plains, MRI, and LoanPro is a plus
- Strong foundational knowledge of US GAAP to ensure cash, investments, and loans are fairly recorded and presented
- Self-starter with strong analytical and problem solving skills
- Ability to communicate clearly, concisely, and professionally in communications and interactions with internal and external stakeholders
- Meets customer needs by developing and maintaining effective relationships and promoting a customer service orientation within the team
- Observes the ethical and confidential attributes commensurate to the profession
- Must be a New York City resident within 180 days of hire
- Internal job title: Vice President, Cash Manager
About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
- Generous employer subsidized health insurance
- Medical, dental, and pharmacy plans
- Vision and hearing benefits
- Flexible spending accounts for healthcare and dependent care
- Short term and long-term disability coverage
- 100% employer covered life insurance and supplemental life insurance coverage.
- Up to 25 vacation days
- Floating Holidays and Summer Fridays
- Parental leave - up to 20 paid weeks
- Retirement savings programs
- Company-paid 401(a) defined contribution plan
- 457(b) tax-advantaged retirement savings plan
- Tuition Reimbursement program
- Continuing education and professional development
- Public Service Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A Calm.com membership for mindfulness and mental health support
- Employee discounts through Plum Benefits, Student Loan Servicing tools, and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website at edc.nyc.
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