Job Details

Bank Reconciliation Accountant

Position Number: 6774654
Location: Denver, CO
Position Type: Business - Accounting

Bank Reconciliation Accountant

Metropolitan State University of Denver

Department
Office of the Controller

Position Summary

This position is responsible for managing the University's cash to ensure appropriate cash flow, while maximizing interest earnings. Furthermore this position exists to provide accounting support to the Accounting Services Department, Bursar's Office and Payroll Department by reconciling the external bank accounts and payroll clearing accounts used by the University. This position also serves as a liaison with bank management,
bank customers, and the University's specialized departments (Accounts Receivable, Accounts Payable and Payroll). This position also exists to manage related open records requests and comply with the State's unclaimed property requirements via quarterly escheat entries, due diligence reporting, and conducting an annual asset transfer to the state. This position also exists to research and prepare necessary entries between the University's and State system.

Duties/Responsibilities

35%-Reconciles bank accounts that issue disbursements for the Accounts Payable, Student Accounts, and Payroll departments. Reconciles accounts that handle all receipts, i.e. cash, credit card, wires. Reconciles hotel bank accounts.
15%-Audit all petty cash/change fund accounts and Gift Cards, etc. on hand for the University. Verifies authenticity of all requests to update/enroll in ACH/Direct Deposit with current vendors.
10%-Reconciles Payroll Liability accounts. Conducts research on these accounts resolving discrepancies and making/coordinating any necessary entries.
10%- Performs Cash Management duties for all bank accounts. Checks and records monthly bank interest, service charges, analyzes the Service Analysis Statements from the bank to see if any service changes can be made to reduce charges. Work with Credit card provider to accrue and collect rebate earnings.
10%- Downloads paid check files from the bank every month. Download daily bank activity to review the account balances as well as monitor the activity for errors, fraud or other questionable activity. Draw down cash from State Treasury to cover for the checks issued by Student Accounts, Accounts Payable, and Payroll and wire cash to the State Treasury to maximize the earned interest. Research and determine the status of checks for propriety of stop payments. Upload void information to bank.
10%- Review and determine status of stale dated checks; audit and assemble necessary documentation, send notification to payee and make necessary entries to Workday Finance system. Verify the payee's addresses before emailing letters informing the payees of uncashed checks. Work with Students Accounts office to determine if a particular check needs to be voided on the AR system instead of escheating. Maintain a worksheet of all escheated checks and transfer assets to the State Treasury after a full reconciliation of the escheat accounts.
5%- Sends and receives bank balance year end confirmation letters, researches and answers questions presented by the auditors regarding bank reconciliation, voids, escheats, interest etc, record necessary year end closing entries. Prepare exhibits relating to cash and investments.
5%- Perform the duties of the Fixed Asset Accountant in their absence.

Required Qualifications

Professional accounting experience

Experience using Workday

Reconciliation experience.

Microsoft Office experience, particularly Excel.

Knowledge or experience using the States CORE Finance System.

Preferred Qualifications

Experience keeping accurate financial records.

Experience with Higher education cash management

Knowledge of state and federal financial policies and regulations to maintain compliance.

Knowledge or experience using the States CORE Finance System.

The ideal candidate must have an ability to multitask and work well under pressure.

Schedule Information
Full-time, 40 hours per week
Exempt
Days of the Week: Mon - Fri
Evenings and Weekend Work: As needed
Schedule: Hybrid schedule available
Travel: Rarely

Salary for Announcement
Under Colorado law, MSU Denver is required to provide a reasonable estimate of the compensation range for this role and should not offer a salary outside of the range posted in this job announcement. This range takes into account a variety of factors including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, analysis of internal equity, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience.

The salary range that the University reasonably expects to pay for this position is $52,934-$79,400.

This position is paid monthly and is eligible for MSU Denver benefits.

Instructions to Apply

For full consideration, please submit the following documents:
Resume
Cover letter describing relevant job experiences as they relate to listed job qualifications and interest in the position
3 professional references will be required of the finalist. One reference must be a prior supervisor.

This posting is open until filled.

Closing Date

Open Until Filled

Posting Representative
Sophia J Montano

Posting Representative Email
smontan7@msudenver.edu

Benefits

The University's benefits package is comprehensive and offers medical, vision and dental, free RTD pass, tuition reimbursement, as well as a life and supplemental insurance plans, retirement plans and other programs, such as access to a long-term disability (LTD) plan. Visit MSU Denver's benefits website to learn more.

For a brief overview, please see: https://www.msudenver.edu/wp-content/uploads/2024/01/MSU-Benefit-Summary.pdf.

The University will provide reasonable accommodations to applicants with disabilities throughout the employment application process. To request an accommodation pursuant to the Americans with Disabilities Act, please contact the Human Resources ADA Coordinator at totalrewards@msudenver.edu.

Background Checks

Metropolitan State University of Denver is dedicated to ensuring a safe and secure environment for our faculty, staff, students, and visitors. To Assist in achieving that goal, we conduct background checks on all finalists for positions at the University prior to employment.

Diversity Statement

Metropolitan State University of Denver is a unique, access-oriented campus community that values diversity, equity, and inclusion in all its forms. Our student population consists of nearly 58% first generation students and over 50% students of color. We are a designated Hispanic Serving Institution located in downtown Denver.

We create an equitable learning and working environment in concert with individuals who consistently demonstrate commitment to equity and inclusion. We greatly value the diverse identities and perspectives of our students, faculty, and staff and recognize that in order to achieve a just and equitable society, diversity must go beyond simple representation. It requires critical inquiry and dialogue and a commitment to action. We strive to provide a culture of belonging for all community members to achieve personal and professional success.

To apply, please visit: https://msudenver.wd1.myworkdayjobs.com/en-US/MSUDenver/job/Denver-Colorado/Bank-Reconciliation-Accountant_JR104804