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ADMINISTRATIVE ACCOUNTANT, M-3

Job Description

The Finance Division is seeking an Associate Director to oversee the Accounting and Financial Reporting units. Under the direction of the Deputy Director of Finance, this Associate Director is responsible for performing the following duties:

- Ensure the successful operation of the Accounting unit functions.
- Mange the day-to-day operations of the Financial Reporting unit whilst supervising unit staff.
- Coordinate external audits conducted by the City’s independent Certified Public Accountant, Department of Financial Services, Comptroller’s Office and other governmental entities.
- Manage the generation of annual audited financial statements prepared under Generally Accepted Accounting Principles (GAAP) and the Annual Comprehensive Financial Report.
- Manage the preparation and distribution of correspondence to the NYC obligors concerning annual employer pension contributions.
- Manage the preparation and distribution of periodic reports requested by Federal, State, and City governmental entities.
- Evaluate and streamline processes for efficiency and automation.
- Develop, update, and maintain accounting and financial reporting procedures.
- Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure US GAAP compliance.
- Act as a liaison with the Comptroller’s Office, Office of Management and Budget, Office of the Actuary and other City agencies.

ADMINISTRATIVE ACCOUNTANT - 10001

Qualifications

1. A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in accounting, including one course each in advanced accounting and auditing, and four years of satisfactory full-time professional accounting or auditing experience, at least 18 months of which must have been in an administrative, managerial, or executive capacity or supervising a staff performing accounting or auditing work; or

2. A valid New York State Certified Public Accountant license and at least 18 months of satisfactory full-time professional accounting or auditing experience in an administrative, managerial or executive capacity or supervising a staff performing accounting or auditing work.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Average salary estimate

$105000 / YEARLY (est.)
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$90000K
$120000K

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What You Should Know About ADMINISTRATIVE ACCOUNTANT, M-3, City of New York

Are you ready to step into a pivotal role as an Administrative Accountant with M-3 in the bustling heart of New York City? This is your chance to join a dynamic Finance Division, where you'll oversee the Accounting and Financial Reporting units. Under the guidance of the Deputy Director of Finance, you'll ensure the smooth operation of daily accounting functions while managing a talented team in the Financial Reporting unit. Your role will involve coordinating external audits from various governmental bodies, which is not just a responsibility, but an opportunity to showcase your expertise. You will generate annual audited financial statements and produce the Annual Comprehensive Financial Report, all grounded in Generally Accepted Accounting Principles (GAAP). But it doesn’t stop there. You’ll also be responsible for preparing correspondence regarding pension contributions and periodic reports for governmental entities. We value efficiency, so your insights into streamlining processes and automation will be highly sought after. With your background in accounting, you will resolve complex issues, guide implementation of new accounting standards, and liaise with key city agencies. We're on the lookout for someone who not only meets the qualifications but is also eager to embrace a diverse workplace that champions equality and growth. If that sounds like you, dive into the numbers and governance with us at M-3!

Frequently Asked Questions (FAQs) for ADMINISTRATIVE ACCOUNTANT, M-3 Role at City of New York
What qualifications are needed for the Administrative Accountant position at M-3?

To excel in the Administrative Accountant role at M-3, candidates need a baccalaureate degree from an accredited college, including or supplemented by 24 semester credits in accounting, and at least four years of professional accounting or auditing experience. If you hold a valid New York State CPA license, that's another pathway into this exciting position, as long as you also have experience in an administrative or supervisory capacity.

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What are the primary responsibilities of an Administrative Accountant at M-3?

As an Administrative Accountant at M-3, you'll oversee crucial accounting functions, manage daily operations of the Financial Reporting unit, coordinate external audits, generate financial statements, and ensure compliance with GAAP. You'll also streamline processes for efficiency and serve as a liaison with various city agencies, making this role both challenging and rewarding.

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What is the work environment like for the Administrative Accountant at M-3?

M-3 is proud to offer a diverse, inclusive, and equal opportunity work environment. The Finance Division fosters collaboration and innovation, allowing Administrative Accountants to thrive in a supportive setting where their contributions are valued and where personal and professional growth is encouraged.

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What career advancement opportunities are available for Administrative Accountants at M-3?

At M-3, Administrative Accountants have ample opportunities for career advancement. With several levels within the Finance Division, high-performing individuals can move into more senior roles such as Director of Finance or even executive positions, given that they demonstrate leadership skills and a thorough understanding of accounting principles.

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How does M-3 ensure compliance with accounting standards?

M-3 is committed to maintaining high standards of accounting compliance. Administrative Accountants are tasked with researching and resolving accounting issues, including evaluating and implementing new accounting pronouncements to ensure adherence to US GAAP, supported by ongoing training and resources.

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Common Interview Questions for ADMINISTRATIVE ACCOUNTANT, M-3
Can you describe your experience with financial reporting and compliance?

When discussing your experience with financial reporting, highlight specific projects where you've played a lead role in preparing financial statements or reports. Emphasize your familiarity with GAAP and any notable audits you've coordinated. Always link your experience back to the requirements of the Administrative Accountant role at M-3 to create a strong connection.

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How do you manage a team in an accounting setting?

In responding to this question, illustrate your leadership style by providing examples of how you've motivated your team. Discuss strategies you use to ensure accountability and efficiency, such as regular check-ins, performance metrics, and creating a culture of open communication that would resonate well with the goals of M-3.

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What steps do you take to ensure the accuracy of financial statements?

Here, emphasize your meticulous attention to detail. Discuss your processes for cross-checking data, reconciling statements, and the checks and balances you implement to minimize errors. This aligns with M-3's focus on generating thorough financial reports.

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Can you share an example of improving an accounting process?

When discussing an improvement you've made, choose a specific case where you identified inefficiencies. Describe the problem, the solution you implemented, and the positive outcomes, particularly in terms of time or resource savings. Show how this aligns with the streamlining ethos at M-3.

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How do you handle multiple deadlines in a busy accounting environment?

This is a great place to talk about your prioritization strategies. Share tools or methodologies you use to sort through tasks, along with experiences where you successfully met tight deadlines while maintaining accuracy—qualities M-3 values.

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What accounting software are you proficient in?

Be prepared to discuss your proficiency with popular accounting software such as QuickBooks, Oracle, or SAP. Focus on how you've used these tools in previous roles to enhance financial reporting and data management, showing how this experience is beneficial to M-3.

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How do you stay updated on new accounting regulations?

Your answer should encompass the ongoing professional development you've engaged in. Whether it be webinars, coursework, or networking, emphasize your commitment to staying current with regulations and how that can directly benefit the role at M-3.

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How would you approach a discrepancy in financial data?

In your response, outline a clear plan for investigating discrepancies. Talk about the steps you would take to identify the source of the issue, resolve it, and prevent future discrepancies, demonstrating your problem-solving skills relevant to M-3.

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What role does teamwork play in your accounting duties?

Highlighting your experiences in collaborative projects emphasizes the importance of teamwork. Share examples of successful partnerships with other departments or teams that led to improved reporting or outcomes, resonating with M-3’s collaborative work environment.

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Why do you want to work for M-3 as an Administrative Accountant?

This is your chance to show enthusiasm for M-3’s mission and values. Discuss the positive impact you believe you can make and how your skills and vision align with theirs, reinforcing why you are the ideal candidate for this role.

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Our Mission To work to eliminate ageism and ensure the dignity and quality-of-life of New York City’s diverse older adults, and for the support of their caregivers through service, advocacy, and education. Strategic Goals To foster independence...

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DATE POSTED
March 8, 2025

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