Entry-level Staff Accountant

  • Full-time
  • Job Classification: Staff
  • FLSA Status: Exempt (salaried/teaching/stipend)
  • Department: Administrative Accounting and Finance
  • Type of employment: Regular full-time

Company Description

Augsburg University has maintained a strong academic reputation defined by excellence in the liberal arts and professional studies since 1869. A safe and welcoming campus in the heart of Minneapolis, Augsburg offers undergraduate and graduate degrees to nearly 3,200 diverse students.

Augsburg’s mission is to educate students to be informed citizens, thoughtful stewards, critical thinkers, and responsible leaders. The Augsburg experience is supported by an engaged community that is committed to intentional diversity in its life and work. An Augsburg education is defined by excellence in the liberal arts and professional studies, guided by the faith and values of the Lutheran church, and shaped by its urban and global settings.

Augsburg invites individuals who share our mission and commitment to intentional diversity, equity, inclusion and belonging to join our community.  In particular, Augsburg invites BIPOC, LGBTQIA+, individuals with disabilities, women, veterans and those from underrepresented or marginalized backgrounds are encouraged to apply. 

Job Description

We are seeking an individual to join our Business Office team to complete daily and weekly cash accounting processes to ensure accurate and detailed records of all cash transactions are maintained. This is a great opportunity for a staff accountant in the earlier stages of their career. 

This position will also be responsible for completing assigned monthly close processes, preparing journal entries and reconciliations, assisting with internal management financial reports and budgeting processes, preparing and completing tax filings, and providing backup support for other areas in the accounting office. 

Primary Responsibilities: 

  • Reconcile main bank and sub accounts weekly.
  • Prepare and post journal entries to record all main bank and sub account activity weekly. 
  • Access bank information online and record cash activity daily in cash spreadsheets. 
  • Follow cash reconciliation procedures and update documentation as necessary. 
  • Provide reconciliation report weekly to the Accounting Manager for review and follow-up on open items as well as daily follow-up on rejected transactions, fraud notifications, and check voids.
  • Review available balances in cash accounts and recommend transfers between accounts as needed
  • Update cash flow summary report with daily cash receipts and expenditures by type and assist in the analysis of unusual or unexpected transactions.
  • Support any audit testing of cash accounts or transactions as needed.
  • Perform other responsibilities as assigned by the supervisor.

Additional Responsibilities: 

  • Monthly fixed asset reviews, asset maintenance in the fixed asset module and reconciliations.
  • Perform monthly investment and accrued interest reconciliations.  Maintain electronic statements and assist with monthly endowment reporting.
  • Prepare monthly prepaid reconciliations.
  • Reconcile third party scholarships monthly and work with student financial services to clear balances.
  • Monthly reconciliation of bond, note, and interest payable accounts as well as bond amortization and trustee deposit reconciliations.   Update the capital and operating leases schedules as needed.
  • Upload monthly central service journal entries to ERP system as well as accounting tickets.
  • Various asset and liability monthly account reconciliations as assigned.
  • Perform year-end inventory counts and reconciliations.
  • Prepare various budget variance analysis in support of management and financial reporting.
  • Assist in the annual capital budgeting process and completion of monthly summary reporting.

Tax preparation and filing: 

  • Prepare and file monthly sales tax as well as annual sales tax reports.
  • Process and report unclaimed property.

Provide back up support: 

  • Provide backup support for accounts payable or other duties as necessary.
  • Other reconciliation, duties, and special projects as assigned such as work with archiving and record retention.

Qualifications

Minimum Qualifications: 

  • Bachelor's degree in accounting, finance, or a closely related field and a minimum of 1 year of experience as an accountant OR Associate's degree in accounting, finance, or closely related field and a minimum of 3 years of experience as an accountant.
  • Experience with account reconciliations is required.
  • Ability to use MS Excel spreadsheets and MS Word effectively and efficiently required.

Preferred Qualifications: 

  • Experience with financial statement analysis is preferred.
  • Knowledge and experience in ERP environments is preferred.
  • Knowledge of accounting internal controls preferred.
  • Knowledge of GAAP and non-profit accounting experience preferred.
  • Ability to work in a team environment as well as work independently or with little supervision.
  • Ability to reason/analyze, research, and resolve problems.
  • Ability to carry out duties with accuracy and attention to detail despite frequent interruptions.
  • Effective time management skills. Example: timely completion of projects and effectively prioritize work.
  • Ability to maintain confidentiality and demonstrate initiative.

Work Environment and Physical Demands: 

  • Typical work environment is an office. Working at a desk for long periods of time.
  • Regular computer use. 
  • Longer work hours required seasonally.

Additional Information

To be considered for this position, applicants must submit: 

  • Resume
  • Cover Letter

Benefits at Augsburg

Augsburg University offers a competitive and comprehensive total rewards program including: 

  • Medical, dental and vision coverage

  • A generous 403(b) matching program with an employer contributions of up to 8% upon eligibility

  • Up to 100% tuition remission for employees, spouses and dependents, and participation in the Tuition Exchange program with colleges and universities throughout the US

  • Generous paid time-off, including 14 paid holidays, 12 sick days, 2 community service days, and vacation of up to 22 days per year immediately upon hire

  • Employer-paid STD, LTD and life insurance

  • Enhanced Employee Assistance Program (EAP) for all employees

Equal Opportunity and Affirmative Action Statement

Augsburg is an equal opportunity employer and does not discriminate on the basis of gender, sexual orientation, marital status, gender identity, race, age, disability, religion, national origin, color, or any other protected class.  

Augsburg University is committed to providing equal employment opportunity to all applicants and employees regardless of their race, color, creed, religion, gender, age, national origin, familial status, disability, veteran status, sexual orientation, gender identity, gender expression, marital status or public assistance status, or any other characteristic protected by federal, state, or local law. 

If you need a reasonable accommodation to complete our application process, please contact our Human Resources Department at phone number: 612-330-1058 or email: [email protected].

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