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IPS Staff Accountant (Immediate Opening)

Company: IDEA Public Schools
Location: Weslaco
Posted on: April 3, 2021

Job Description:


Description
Position at IDEA Public Schools

About IDEA Public Schools :



At IDEA Public Schools, we believe in college for ALL and we are committed to ensuring that all our students graduate from college. IDEA Public Schools has grown from a small school to the fastest-growing network of tuition-free Pre-K-12 public charter schools in the United States sending 100% of our students to college. 50% of our students graduate from college in 6 years - that's 8 times the national rate for students in our communities!


IDEA was founded in 2000 as a single school with 150 students in the Rio Grande Valley. When interest exceeded building capacity, to meet the demands, IDEA's co-founders committed to serving more students in the Rio Grande Valley of Texas and beyond. We now serve over 65,000 students across Texas and Louisiana. Be on the lookout for IDEA schools opening near you-with continued growth in our current regions an d new launches in Tampa Bay , FL (2021) , and Jacksonville, FL (2022) !



When you choose to work at IDEA, you are part of our IDEA Team and Family. You will work alongside team members who set and reach ambitious goals every day, are excited to continue to grow with IDEA, and work relentlessly to make college for all a reality.



To learn more about IDEA, check out this .

Role Mission: The Staff Accountant for IPS Enterprises, Inc's mission is to provide accurate and timely month-end reconciliations to the Director of Finance of IPS Enterprises, Inc as well as to ensure compliance with any federal and state financial reporting and compliance guidelines. The Staff Accountant will be responsible for completing the daily financial and business operations within IPS Enterprises, Inc.



Role Mission: The Staff Accountant for IPS Enterprises, Inc.'s mission is to provide accurate and timely month-end reconciliations to the Director of Finance of IPS Enterprises, Inc as well as to ensure compliance with any federal and state financial reporting and compliance guidelines. The Staff Accountant will be responsible for completing the daily financial and business operations within IPS Enterprises, Inc and IDEA Florida, Inc.



Accountabilities


  • Ensure no reportable instances of material noncompliance in Financial Reporting and Compliance during Annual Financial Audit.
  • Keep current on new and upcoming standards related to Financial Reporting and Compliance.
  • Attend continued professional education trainings related to Financial Reporting and Compliance.
  • Complete month-end close reconciliations by the 13 th business day.
    • Prepare and post journal entries associated with month-end close
    • Properly record cash receipts and bank fees within 2 business days of posting to the Bank
    • Review of operating expenses to ensure no prepaid expenses are being expensed to operating expense accounts by the 3 rd business day
    • Accrue contracted services revenue on white fleets, buildings, and school buses for all entities in IPS Enterprises, Inc and IDEA Florida, Inc by the 6 th business day
    • Record management fee according to Management Services Agreement by the 6 th business day
    • Record and run depreciation in Fixed Asset Module by the 8 th business day
    • Complete Construction in Progress accruals, capitalize any projects if needed by the 9 th business day
    • Record and complete Equity roll forward by the 10 th business day
    • Review IDEA Texas and IPS Due To/From reports upon Accounts Payable closing and properly record expenses for salaries and operating expenses on Due To/From invoices for all entities associated with IPS Enterprises and IDEA Florida by the 13 th business day
    • Support new regions by properly recording expenses in QuickBooks.
      • Reconcile and review expenses in IPS for Year -2 and Year -1 regions outside the State of Texas and without a Munis database by the 13 th business day
      • Record journal entries in Quick Books by the 14 th business day
      • We look for Team and Family who embody the followingvaluesand characteristics:
        • Believes and is committed to our missionand being an agent of change: that all studentsare capable of gettingto and through college
        • Has demonstrated effectiveoutcomes and results, and wants to be held accountable for them
        • Has a propensity for action, willing to make mistakes by doing in order to learn and improvequickly
        • Works with urgency and purpose to drive student outcomes
        • Thrives in an entrepreneurial, high-growth environment; is comfortable with ambiguity and change
        • Seeks and responds well to feedback, which is shared often and freely across all levels of the organization
        • Works through silos and forges strong cross-departmental relationshipsin order toachieve outcomes
        • We believe in education asa professionand hold ourselves to high level of conduct, professionalism and behaviors as models for our colleagues and students.
          Qualifications:
          • Education: (Required) Bachelor's degree in accounting or finance-related field
          • Education: (Preferred) Master's degree in Accountancy or Business Administration
          • Experience: (Required) 1-2 years accounting experience
          • Experience: (Preferred) 3-4 years accounting experience at a high level of responsibilityKnowledge and Skills:
            • Non-profit accounting and auditing principles established by the Financial Accounting Standards Board (FASB) for Not-for-Profit Organizations
            • Computerized accounting systems

              Compensation:
              • Salary for this role typically falls between $43,000 and $51,100 commensurate with relevant experience and qualifications.This role is also eligible for a performance bonus based on individual and organizational performance and goal attainment.
                IDEA Public Schools does not discriminate on the basis of race, color, national origin, age, sex or disability, in admission or access to, or treatment of employment in its programs and activities. Any person having inquiries concerning the organization's compliance with the regulations implementing Title VI of Civil Rights Act of 1964 (Title VI), Section 504 of the Rehabilitation Act of 1973 (Section 504), or Title II of the Americans with Disabilities Act of 1990 (ADA), may contact IDEA Human Resources at (956) 377-8000.

Keywords: IDEA Public Schools, Edinburg , IPS Staff Accountant (Immediate Opening), Accounting, Auditing , Weslaco, Texas

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