Senior Accounting Analyst

Description

JOB TITLE: Senior Accounting Analyst

DEPARTMENT: Fixed Assets Accounting

POST DATE: 02/12/2025

CLOSE DATE: Until Filled

100% HOURLY RATE OF PAY: $48.50*

POSITION CLASSIFICATION: Non-Safety Sensitive

LOCATION: 420 Lexington Avenue

REPORTS TO: Manager – LIRR Fixed Assets Accounting

UNION AFFILIATION: Transportation Communications Union (TCU-EXC5)

The Metropolitan Transportation Authority is North America's largest transportation network, serving a population of 15.3 million people across a 5,000-square-mile travel area surrounding New York City, Long Island, southeastern New York State, and Connecticut. The MTA network comprises the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined. MTA strives to provide a safe and reliable commute, excellent customer service, and rewarding opportunities.

Accounting Senior Accounting Analysts in the Accounting area are responsible for assisting in the performance of the record‑keeping, account reconciliation, journal entries, fixed asset capitalization and retirement, month‑end and annual financial closing, and reporting of the Long Island Rail Road Financial Statements. It is expected that this position acts as a liaison between BSC, Project Management, Budgets, Operations, IT, as well as internal and external customers, to ensure efficient and timely billing and cash collection, and to ensure essential financial data is accurately reported.

• Run cost not yet billed reports and reconciliation between cost not yet billed reports, project costing, and General Ledger.
• Analyze project charges to determine if a transfer to/from other projects is required.
• Monthly review and copy project status notes to the new PIP balance.
• Analyze projects in progress reports and work with Project Managers to determine project status and scope for possible capitalization.
• Prepare a capitalization template to capitalize assets and add to the Asset Management subledger.
• Draft capitalization letters and send them to the Project Manager or department head for approval.
• Review projects for possible write‑offs of expenses incurred with project work.
• Prepare Operating Funded Capital, Vehicle, and Security capitalization in accordance with GAAP, GASB, and the agency’s policy.
• Prepare a journal entry of the monthly depreciation estimate.
• Obtain Property Management list from Stores for possible equipment capitalization not recorded in PIP or Operating Funded Capital.
• Review the Asset Management subledger to ensure proper capitalization and depreciation.
• Process Asset retirement forms, maintain, and update the retirement log.
• Review the Asset Management subledger, Property Management List, Equipment list, and FTA listing to determine if retired assets are listed and should be removed.
• Assist Management with annual issuance of the audited financial statements, including footnotes, supporting schedules, and account analysis required for financial reporting.
• Provide information as needed for internal and external audits.
• Assist with the Fixed Asset roll forward, maintains schedules of the submitted templates, and runs People Soft queries.
• Other duties as assigned.

• Knowledge of accounting systems and procedures (e.g., People Soft).
• Proficiency in the use of Microsoft Office (Access, Excel – use of pivot tables & v‑lookups, Word, and PowerPoint).
• Excellent quantitative, analytic, and deductive reasoning capabilities.
• Strong verbal and written communication skills.
• Strong interpersonal skills with the ability to communicate with all levels of management and external contacts.
• Strong ability to take control of assigned tasks with limited supervision.
• Detail oriented with strong organizational skills.
• Strong ability to prepare accurate work papers, work under pressure, and meet deadlines.

Required:

• Bachelor's Degree in Accounting or Finance, or related field.
• A minimum of five years of accounting, finance, or similar experience, including database management and reporting, along with financial analysis and reconciliations.

Preferred:

• Knowledge of accounting systems.
• MBA in Accounting or…