Staff Accountant II, LBS Journal Entry Posting

As a Staff Accountant II at LBS, you will primarily be responsible for posting journal entries, ensuring they are properly approved and supported. You'll work on month-end close processes alongside site liaisons, manage a variety of journal entries for multiple facilities, conduct journal entry analyses, and support financial reporting. Your role involves collaborating with multiple teams to ensure financial accuracy and reliability.

To qualify for the Staff Accountant II position at LBS, you will need a Bachelor’s Degree in Business, Accounting, Finance, or a related field. Ideally, you should have 1-2 years of experience in an accounting role, but internships and relevant coursework can also be considered. If you hold a Certified Public Accountant (CPA) designation or are actively working towards one, that would be an advantage.

At LBS, we prioritize the well-being of our team members, recognizing that happy individuals foster a healthy workplace. We offer an excellent total compensation package that includes a competitive salary, flexible PTO, medical and dental benefits, tuition reimbursement, and an Employee Assistance Program. Our commitment is to enhance your overall well-being while empowering you to contribute to our mission.

As a Staff Accountant II at LBS, you will utilize various reporting tools, including OTBI (Oracle Transactional Business Intelligence), to query transactions for research and analysis. These tools will aid you in supporting general ledger and subledger analysis, allowing for more accurate financial management and reporting.

The journal entry process is critical to the financial integrity at LBS. It ensures that all transactions are recorded accurately, maintain compliance with healthcare regulations, and support financial reporting needs. The Staff Accountant II will play a significant role in maintaining this integrity by carefully reviewing entries and collaborating with various teams during the month-end close process.

To ensure accuracy in journal entries, I methodically verify each entry against supporting documentation, confirm that approvals are in place, and double-check calculations. I also consult with team members for complex transactions and maintain a checklist to ensure all key aspects are reviewed before submission.

Certainly! In my previous role, I noticed an inconsistency in a monthly report compared to transaction logs. By tracing back through the entries and collaborating with my team, we identified a missing approval that led to the discrepancy. This experience underscored the importance of diligence and teamwork in maintaining accurate financial records.

I prioritize my tasks by creating a month-end close checklist, breaking down the important functions into manageable parts. I also communicate early with my colleagues to ensure we are all aligned on tasks. When deadlines are tight, I focus on efficiency without compromising on accuracy, often working additional hours if necessary.

I have hands-on experience in performing financial analyses during my internship, where I assisted in budgeting and forecasting. I utilized analytical tools to track financial performance and interpret variances, which helped my team implement effective strategies to improve fiscal outcomes.

I am drawn to LBS because of its commitment to enhancing community health through financial accountability. I appreciate the focus on employee well-being and the opportunity to grow within a supportive team. I want to leverage my skills while contributing to a meaningful mission.

When preparing entries, I adhere to regulations such as HIPAA and GAAP to ensure compliance and protect sensitive information. I stay informed about industry changes and regularly review internal policies to keep our practices aligned with legal standards.

I prioritize my workload by assessing urgency based on deadlines and the effects of each task on overall operations. I utilize task management tools to keep track of pending reviews and assignments, ensuring nothing falls through the cracks during busy periods.

My approach to continuous improvement involves regularly reviewing existing processes for inefficiencies and gathering feedback from team members. I believe in a collaborative atmosphere where everyone can contribute ideas, followed by implementing and evaluating new methods on a small scale before full deployment.

I am familiar with OTBI and Excel for reporting and analysis. I have used OTBI to extract data for reporting and to create dashboards that visualize trends and performance indicators, enabling better decision-making for accounting teams.

When encountering discrepancies, I would first retrace the steps taken for data entry or calculation. I would engage with team members to understand different perspectives, conduct thorough research to pinpoint the source, and suggest corrections based on findings to ensure integrity in our reporting.