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Staff Accountant

Company: MOHELA
Location: Chesterfield
Posted on: October 12, 2019

Job Description:

Established in 1981, The Missouri Higher Education Loan Authority ("MOHELA") is a top performing national servicer of student loans for the Department of Education. Our success for more than 35 years is due to the tremendous efforts of our outstanding staff.
MOHELA is currently searching for an outstanding individual to join us as an Accountant
General Statement of Duties:Accounting for Bond and General Fund activity. Responsible for journal entry posting, bond and general fund reconciliations, bond compliance reporting and review, fund transfers, account analysis, trustee settlements and month end closing. Work with CFO and Controller in the adherence, improvement and maintenance of accounting policies, procedures and internal controls.
Essential Duties and Responsibilities:Month End Closing and Year End Closing - Assist in the close process including recording of journal entries, variance analysis, trial balance review, account analysis, general ledger reconciliations, charts and graphs. Assist with preparation of information for audits.Bond Interest Expense Accruals - Accrue monthly bond interest expense. Accurately update interest rates in bond schedules and on master rate schedule. Analyze and maintain proper fund balances in bond accounts within the general ledgerBond Indenture Compliance - Accurately prepare and complete Bond Compliance Report by due dates for assigned Bonds. Each accountant is also assigned a Bond(s) to review Compliance Reporting. Review Compliance Reporting of assigned bonds and ensure accuracy and filed by proper date. Confirm that all additional reporting request are completed for all Bonds. Identify and implement new controls for compliance to identify or explain prior period variances to the current period to ensure parity and line items are accurate.Daily Settlement with Trustee - Input settlement journal entries with proper general ledger account classification. Ensure that settlements are completed by the deadline each day. Resolve settlement issues with the trustee in a timely manner.Daily ACH/Wire Process/AP Vendor Setup - Verify support documentation for all ACH and Wire transactions. Compare documentation to details of ACH and Wires to ensure totals are accurate and beneficiary and bank account information is accurate. Check that proper approval has been received. After thorough review release transactions through the bank treasury management system. Accurately set up/change AP Vendors. Verify that all AP Vendors have proper W-9 before setting up vendor or changing.Bond Fund and Trustee Statement Reconciliation - Reconcile and maintain all account activity relative to a variety of Student Loan Bond Trusts. This includes gaining knowledge of specific bond document requirements related to required indenture reporting and compliance, student loan receivable reconciliation and debt service management. - Record and reconcile the monthly financial activity of the trustee statements for each assigned bond. Record bond activity as it relates to the bond with a thorough understanding of the journal entriesStudent Loan Reconciliation - Record and reconcile the monthly principal and interest balances from the servicing system. Verify that balances in the general ledger are equal to the servicing system. Research outstanding reconciling items in a timely manner and make proper adjustments.Fixed Assets - Record and reconcile additions and retirements of Fixed Assets. Ensure proper recording of activity identified as a Fixed Asset.Research - Research accounting pronouncements and assist in the preparation of white papers for all new and/or relevant items pertaining to the company.Financial Reporting - Assist in the preparation of the monthly, quarterly and annual financial statements and related footnotes. Prepare and maintain detailed work papers to support disclosures included in the financial statements.RequirementsBachelor Degree in accounting. Candidates with a finance degree will be considered if they have extensive classes in accounting. Two or more years related accounting experience required. CPA preferred. Prior application and/or knowledge of Generally Accepted Accounting Principles.
-- Experience analyzing large volumes of transactions and information.-- Individual will frequently be required to work beyond 5pm.-- Exceptional competency in Microsoft Excel. Proficient in Microsoft Word.-- Experience with SAGE 500 and the COMPASS student loan system a plus.-- Ability to work in fast-paced environment with probable, frequent interruptions.-- Detail-oriented, considerable initiative and ability to work well with others.-- Should possess a high degree of professionalism, confidentiality, courtesy, tact and good written and verbal communication skills.
Located in Chesterfield, Missouri, MOHELA offers excellent benefits, including:Medical, Dental, and Vision coverageOutstanding retirement benefits including 401(k) with dollar for dollar match up to 8% of salary and Company paid pensionTuition reimbursement up to $12,000 per year after 3 months of employmentDependent child tuition reimbursement after 1 year of employment
We are an EEO/AA Employer. We do not discriminate in hiring on the basis of race, color, national origin, sex, gender identity, sexual orientation, religion, age, disability, protected veteran status, or any other characteristic protected by federal, state or local law
To build a diverse workforce, MOHELA encourages applications from individuals with disabilities, minorities and veterans.
In compliance with the American Disabilities Act Amendment Act (ADAA), if you have a disability and would like to request an accommodation in order to apply for a position with MOHELA, please call please call x3571, TDD 7-1-1
---About MOHELA:MOHELA is a student loan servicer with about 1.8 million borrowers, $38 billion worth loans in combined portfolios owned by federal government, special entities, and itself. We are a contracted servicer with the Department of Education. We currently have around 500 employees and we are conveniently headquartered in Chesterfield, Missouri, with an operation center in Columbia, Missouri, and an office in Washington, DC. We have been actively providing financial support and other support to Missouri's higher education programs for more than 30 years.

Keywords: MOHELA, Chesterfield , Staff Accountant, Accounting, Auditing , Chesterfield, Missouri

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