Lease and SBITA Accountant

Title: Lease and SBITA Accountant

Agency: VCCS-System Office

Location: Richmond (City) - 760

FLSA: Nonexempt

Hiring Range: $75,000 to $78,000 annually

Full Time or Part Time: Full Time

Additional Detail

Job Description:

Virginia's community colleges have a 50-year track record of educational excellence and innovation to serve the needs of our citizens and strengthen the Commonwealth's economy. When Virginia's General Assembly established the Virginia Community College System in 1966, the need for a comprehensive system was well known. Over the two decades after the end of World War II, leaders in government, business, professional sectors, and academia had called for a new approach to providing educational opportunity. A key concern was Virginia's ability to develop a skilled and knowledgeable workforce to expand the state's economy. Today our community colleges give every Virginian the opportunity to gain a quality education. With 23 colleges on 40 campuses located throughout the state, Virginia's Community Colleges are committed to serving Virginia families, helping them acquire the knowledge and skills to seize the opportunities of today and tomorrow.

Reporting to the Plant Funds Accounting Manager, this position is responsible for supporting the 23 Virginia community colleges (VCCS), the VCCS System Office, and the VCCS Shared Services Center Procurement Office in the recording, accounting, and reporting functions related to lease contracts, in accordance with GASB 87, and subscription-based information technology arrangements (SBITAs), in accordance with GASB 96. These responsibilities must be managed in agreement with Generally Accepted Accounting Principles (GAAP), Virginia's Commonwealth Accounting Policies and Procedures (CAPP) manual, and VCCS standards, policies, and procedures.

The position will review and analyze procurement records, utilizing the Commonwealth of Virginia's eVA procurement system, to determine reporting requirements, and will prepare accounting entries in accordance with GAAP. The position will gather and enter supporting documentation, and lease and SBITA data, into the cloud-based DebtBook accounting software.

The position will serve as the subject matter expert, providing training to college personnel, as needed. The position will be heavily involved in year-end reporting, including preparing year-end entries and footnotes and will respond to inquiries from VCCS and the Auditor of Public Accounts (APA). This position will work closely with VCCS Information Technology Services, VCCS Facilities Management, the Shared Services Center Procurement Office, and college personnel.

Minimum Qualifications:
• Ability to review and evaluate procurement records to identify reportable lease agreements, per GASB 87 and subscription-based information technology agreements (SBITAs), per GASB 96.
• Prepare accounting entries in accordance with GAAP
• Effectively manage time and work on multiple assignments
• Work independently and with little supervision
• Interpret administrative policies and procedures, exercise independent judgment, and make sound business decisions
• Establish and maintain effective working relationships
• Ability to provide exceptional customer service to internal and external customers in a professional manner
• Ability to express thoughts clearly and effectively, both verbally and in writing
• Intermediate to advanced MS Office 365
• Education and/or working experience in general accounting
• Working knowledge of General Accepted Accounting Principles (GAAP)
• Working knowledge of complex automated accounting systems such as Oracle, PeopleSoft, Cardinal, or other Oracle-based accounting systems
• Intermediate knowledge of Microsoft Office products, including Excel, Word, and PowerPoint
• Excellent customer service experience
Additional Considerations:
• Education and/or work experience equating to a Bachelor's degree in Accounting
• Financial statement preparation experience, including footnotes
• Fixed asset or capital outlay accounting experience
• Experience with GASB 87 and 96 reporting
• Higher education, or state or local government, general accounting experience
• Working knowledge of PeopleSoft
• Working knowledge of the Commonwealth of Virginia Lease Accounting System (LAS PLUS), DebtBook, LeaseQuery, or other lease and/or SBITA reporting software
• Working knowledge of eVA

Each agency within the Commonwealth of Virginia is dedicated to recruiting, supporting, and maintaining a competent and diverse work force. Equal Opportunity Employer