MOHELA is a not-for-profit student loan servicer with a combined portfolio of student loans owned by the federal government, special entities, and itself. We are a contracted servicer with the Department of Education. We currently have 1300 employees, and we are headquartered in Chesterfield, Missouri, with an operation center in Columbia, Missouri, and offices in Harrisburg, Pennsylvania and Washington, DC. We have been actively providing financial support and other support to Missouri's higher education programs for more than 40 years.
MOHELA is looking for a passionate and skillful Accounting Specialist II
MOHELA offers competitive salary and a benefit package that includes paid personal and vacation time-off, insurances for medical, dental, life, short-term disability, 401K plan with dollar-for-dollar match up to 8% of salary, and tuition assistance.
What You Will Be Doing
General Statement of Duties:
Responsible for the preparation of various journal entries to the general ledger, reconciliation of general ledger accounts and variance analysis for financial statements. Review and process daily cash and bank activity. Perform all the functions related to accounts payable processing. Process queues and tasks related to refunds and adjustments.
Essential Duties and Responsibilities:
1. General Ledger Transaction Processing - Review, input, verify and balance all daily, weekly and monthly journal entries generated from Accounts Receivable, Bond Indentures, Loan Origination and miscellaneous entries as required.
2. General Ledger Account Reconciliations - Reconcile Accrued Expenses, various Accounts Payable, Unclaimed Property, various Accounts Receivable, and Suspense accounts in the general fund.
3. Variance Analysis - Process necessary General Ledger monthly journal entries. Prepare monthly accruals for department expenses. Prepare explanations for variances for department expenses. Assist Accountants with research of assigned department expenses.
4. Daily Cash and Bank Activity Process - Review and record previous days cash receipts and recap from Accounts Receivable. Balance ACH to daily cash reports for bonds and lenders. Review previous and current day bank deposits and charges, make appropriate funds transfers and relay activity to AR for payments which need posted, NSFs for payments to be reversed and Notice of Change (NOC) activity.
5. Accounts Payable - Code invoices for input into A/P System, prepare documents and request funds from Trustees. As required, verify totals, post, select invoices for payment and print checks weekly. Reconcile Accounts Payable. Produce monthly payable activity reports and weekly cash requirements reports, using accounts payable system, and forward to Accounting Manager. Generate, verify and transmit check files to bank for positive pay. Maintain checks processed but not included in transmission files for positive pay.
6. Payroll Entries Prepare bi-weekly journal entries to record ADP payroll expenses in the general ledger.
7. Suspense and Credit Balance Refunds - Process Checkwriter file and QC of refunds. Balance and process wire to Direct Loans for DL payments sent to MOHELA in error.
8. Borrower Debit Process - Receive, audit, and process borrower debit ACH batch as required for each payment due date. Verify all funds are received from borrower accounts.
9. Work Queues and TMS - Process Arcs and Queues to process adjustment requests through the Compass system.
10. AR Assistance As needed, assist with mail opening/review, running tapes to balance checks to payments posted.
Experience You Will Bring
Education/Experience:
Education/Experience: Associate's degree (A.A.) or equivalent from two-year college or technical school; 2-3 years related experience and/or training; or equivalent combination of education and experience. Accounting experience preferred.
Language Ability: Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively to customers or employees of organization.
Math Ability: Ability to calculate figures and amounts such as discounts, interest, proportions and percentages. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills: 10 key skill required. Computer literate with intermediate knowledge of Excel and basic Word. Knowledge of SAGE 500 preferred.
Overtime Availability: Position may require significant overtime (over 40 hours of work completed per week)
We are an EEO/AA Employer. We do not discriminate in hiring on the basis of race, color, national origin, sex, gender identity, sexual orientation, religion, age, disability, protected veteran status, or any other characteristic protected by federal, state or local law.
To build a diverse workforce, MOHELA encourages applications from individuals with disabilities, minorities and veterans.
In compliance with the American Disabilities Act Amendment Act (ADAA), if you have a disability and would like to request an accommodation in order to apply for a position with MOHELA, please call please call 636.733.3700 x3571, TDD 7-1-1, or email hr@mohela.com
