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Accounting Specialist Corporate Accounting

Company: Farm Credit Services of Mid-America
Location: Louisville
Posted on: September 15, 2019

Job Description:

At Farm Credit Mid-America, we believe people are our strongest asset. We are consistently looking to hire individuals from a wide range of experience and capabilities who have a dream to serve. Currently, we have over 1,100 employees across Indiana, Ohio, Kentucky and Tennessee. Do you have a passion for Accounting? Do the values honesty, respectful and committed speak to you? If so, we may be the organization for you! Our Accounting Specialist will provide accounting services and support to external and internal partners. Areas of primary responsibility include Accounts Payable, Accounts Receivable, Lease, the Corporate Credit Card Program, Tax, General Ledger and Account Reconciliations. The person in this position will be responsible to maintain effective accounting controls and achieve resolutions to a wide variety of accounting issues. You will acquire, build and maintain expertise in Association systems, policies and procedures. Monitor for fraud prevention and compliance by analyzing reports and reconcilements. Participate on departmental or association project teams. Will identify and advance accounting issues to the Director of Corporate Accounting when necessary. Organizes, adjusts and prioritizes work to meet processing deadlines. SUPERVISES: Employee does not directly lead other employees. However, you will be a part of a mentoring culture and work within a team environment. The basic function requires coordinating efforts and communicating with members of the Financial Operation teams, senior management, Louisville office support leaders and retail leaders. Major responsibilities: General Accounting and Reconciliation, you will practice accurate accounting controls. Report to management the financial activity of the company. Investigate, analyze and implement possible accounting solutions for discrepancies. Process monthly accruals, amortization of expenses, submit adjusting and reclassification journal entries. When deemed necessary, assist in financial management and analysis. As requested, will be involved in the day to day, monthly and year-end operations of the Corporate Accounting and Finance Team. Provide desired support to Louisville office audits conducted by external auditors (Price Waterhouse-Coopers) and regulators (FCA) as needed. Assist with the recommendation and implementation of departmental accounting systems and procedures. Accounts Payable, you will complete payments and control expenses by receiving, processing, verifying and balancing association invoices and employee expenses. Conducts quality checks on processed work by verifying entries and comparing appropriate approval/spend amounts to authorization levels. Ledger accounts, costs centers and comparing system reports to balances. Monitor discount opportunities. Schedule and prepare checks. Resolve invoice or payment discrepancies and documentation. Administer corporate card program through issuance, limit changes, cancellation and monitoring for potential fraudulent transactions. Accounts Receivable, you will post customer payments by recording cash, checks, ACH, wire and credit card transactions to loan or appropriate ledger account. Prepare statements, reconcile and post revenues to appropriate ledger accounts in connection with appraisal invoices. Process crop insurance invoices, association shared expense invoices, etc.. Track and resolve any receivables that are due and generate aging reports upon request. Leasing, you will utilize the proper accounting method in accordance with (ASC 842). This will be completed through analyzation of contracts pertaining to Lessor leases. Work closely with internal and external auditors regarding the Company's accounting for leases. This will include acquisitions and dispositions. Communicate necessary lease-related accounting adjustments to other departments or organizations and oversee a timely flow of information. Perform ad-hoc projects and analysis to help support certain decisions, issues, and to assist in other group's goals and task. Perform lease servicing actions and prepare accounting entries that involve complex calculations and transactions. Audit complete lease transactions for accuracy. Review and approve reconciliations. Have a firm understanding of and the ability to engage the process for both quantitative and qualitative disclosures under ASC842. Understand and implement the processes for new revenue recognition (ASC606). Taxes, you will provide information to the Tax Analyst/ Sr Analyst through W-9 collections. Maintaining IRS reportable transaction database and submission of adjusting journal entries to loan and Accounts Payable vendor accounts as needed. Produce tax statements to vendors and customers and complete IRS cash reporting requirements. Minimum requirements Associate's Degree in accounting, finance or a related field or two years of experience in accounting, banking or financially related customer support position while using a variety of business software, showing skill in Word and Excel, or Bachelor's Degree in accounting, finance or a related field plus one year of experience in accounting, banking or financially related customer support position using a variety of business software, showing skill in Word and Excel. Here's What We Can Offer You... Farm Credit Mid-America has an excellent Total Rewards package, which includes, but is not limited to: Salary commensurate with experience 15 vacation days, 15 sick days, and 9 paid holidays per year 401(k) plan Medical, Dental, Vision, STD, LTD, Life/AD&D benefits, etc. Fitness Incentive Program Tuition Reimbursement Farm Credit Mid-America is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability or any other category protected by law.

Keywords: Farm Credit Services of Mid-America, Louisville , Accounting Specialist Corporate Accounting, Other , Louisville, Kentucky

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