Transit Accountant 1 or 2 (State of Wisconsin – City of Madison)

Introduction

This is responsible entry level professional accounting work preparing financial statements, analyzing expenditures, conducting audits, and backing up Federal Transit Administration (FTA) grant and procurement activities. Work requires broad-based accounting knowledge and is characterized by the exercise of judgement and discretion. Work is performed under the direction of the Transit Finance Manager. This series is structured to provide advancement from Transit Accountant 1 to Transit Accountant 2 to Transit Accountant 3 as a function of the employee’s career development and generally occurs after two years gaining experience, mastery and greater independence at each level.

Position Summary

General Accounting

Assist with monitoring operating budget and compile budget-to-actual information annual audit tasks account reconciliations and closeouts periodic physical inventories of supplies, parts, and equipment preparing and distributing fiscal materials preparing journal voucher entries

Accounts Payable and Receivable Accounting

Create and maintain active purchase orders and process accounts payable
Audit and reconcile invoices and purchases and respond to routine questions
Reconcile payments and prepare invoices
Monitor and assign incoming credits and debits to ledger accounts

Budget and Grants Accounting

Month-end and year-end closing duties
Assist in preparing grant drawdown and reimbursement requests
Assist in processing accounting entries for grants and capital projects and preparing related financial reports

Salary Information

The Transit Accountant 1 starts at $73,004.10 annually and the Transit Accountant 2 starts at $79,185.60 annually. Classification level will be determined at the time of hire and will be based on the candidate’s overall qualifications.

Job Details

Perform related work as assigned.

Qualifications