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Senior Accountant (71101)

Pratt Institute
New York, United States
Salary Not specified
Date posted
Apr 23, 2024

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Job Details

Senior Accountant (71101)

Location: Brooklyn, NY

Are you an experienced and detail-oriented accountant with a passion for accuracy and financial excellence? If so, we invite you to consider the exciting opportunity of becoming our Senior Accountant at Pratt Institute. As a crucial member of our team, you will play a key role in maintaining, reconciling, and accurately accounting for our institute's capital assets inventory.

The Senior Accountant oversees the institute's capital assets inventory, ensuring accurate maintenance and reconciliation. Responsibilities include analyzing and reconciling Student Loan Receivables and philanthropic gifts. The role includes preparing general ledger account reconciliations and managing monthly, quarterly, and annual close processes in adherence to GAAP. The position actively assists with annual audit schedules and provides oversight for multiple balance sheet areas. Reporting to the Accounting Manager, the Senior Accountant collaborates with the General Accounting team, as well as staff in Budget, Student Financial Services, Institutional Advancement, and other relevant areas.

Position Duties:
  • Monthly reconciliation of the Students' Federal Loans, and bank account activities to the General Ledger which includes the analysis of the daily and weekly reconciliations, and the appropriate resolutions of reconciling items and discrepancies.
  • On a daily basis, review cash inflows and outflows in the Federal Student Bank Loan accounts and process accurately the necessary journal entries to book daily activities on the account. It includes the retrieval of Loan Rosters; reconciliation of bank loan funds receipts to the rosters and interface with the Financial Aid Counselor and Bursar Operations Manager for missing information and variances.
  • Analyze monthly transactions in capital object codes to ensure accurate reporting. Prepare all necessary journal entries for fixed assets additions, deletions, and transfers. Prepare quarterly depreciation journal entries for fixed assets. Update fixed asset lead schedule on monthly activity.
  • Review, journal entry posting, and payment of utilities for various campus locations
  • Analysis of equipment leases and processing of lease payments.
  • Maintains and handles the accounting for Munson Williams Proctor Institute general ledger and student accounts. Prepare the wire for the Federal funds disbursements to MWPI for the fall and spring semesters, and prepare the necessary journal entry. Detailed analysis of activities on each student's accounts and prepare the necessary schedule to determine the appropriate invoice to process and clear the account balances.
  • Assist with requests and prepare informational reports to the Pratt Centers.
  • Reconciliation of the campus-wide bursar petty cash
  • Researches and prepares the necessary journal entries for all re-classes and chargebacks (copy center and campus printing).
  • Responsible for non-student accounts receivable activity
  • Monitors, tracks, and records all known ACH/Wire payments for all Centers, federal awards, and NYS grants & awards.

Education: Bachelor's Degree, prefer a bachelors degree in Accounting, Finance, Economics, Business or related field.

Experience: Minimum of 3-5 years experience preferably in higher education, general ledger accounting, bank reconciliations and some treasury function experience.

  • Working knowledge and experience in integrated accounting systems, PC software applications, Excel, Word.
  • Strong communication skills, oral and written.
  • Proficient in accounting processes, encompassing general ledger maintenance and reconciliation, journal entries, and preparation of consolidated financial statements.
  • Demonstrates excellent oral and written communication skills, ensuring effective communication within the team and external stakeholders.
  • Detail-oriented with a keen eye for accuracy in financial reporting and data analysis.
  • Possesses the ability to multitask and prioritize work effectively, thriving in a fast-paced environment.
  • Highly developed analytical skills to assess complex financial data and provide valuable insights.
  • Capable of working independently, taking initiative, and assuming responsibility for assigned tasks.
  • Strong aptitude for technology, with proficiency in Microsoft Office applications.
  • Desired, but not required, experience in higher education and/or the non-profit industry.
  • Familiarity with Ellucian's Colleague ERP system is a plus.

SALARY is competitive and commensurate with experience and qualifications. The salary for this position is $75,000-75,000.

Generous Benefits:
  • 403B Retirement Program
  • Supplemental Retirement Account
  • Tuition Benefits for Employees and Dependents
  • Tuition Exchange Program
  • Summer hours
  • Flexible Spending Accounts - commuter, medical, dependent care
  • Childcare Benefit
  • Basic life and AD&D insurance provided by Pratt
  • Medical, Dental, and Vision Care Coverage
  • Paid time off - vacation days, sick leave, and major holidays off
  • Additional Perks - free entry to select museums and cultural institutions, free use of campus recreation facilities, affordable

About Pratt Institute:

Pratt Institute provides the creative leaders of tomorrow the professional knowledge and experience to make a better world. A world-class and internationally ranked college with programs in art, design, architecture, liberal arts and sciences, and information studies, Pratt offers nearly 50 undergraduate and graduate degree programs.

The Institute’s impact expands beyond its 25-acre residential campus in Brooklyn to cutting-edge facilities throughout the borough, a landmark building and public gallery in Manhattan, as well as an extension campus, Pratt Munson College of Art and Design in Utica, New York. On Governors Island, Pratt is a core partner on the Stony Brook University team selected to develop the New York Climate Exchange, a research and educational hub poised to establish New York City as the global leader for the most pressing issue of our time: climate change. Another extension of Pratt’s campus is the Research Yard, a 20,000-square-foot facility that brings together the research activities of Pratt Institute under one roof in the Brooklyn Navy Yard (BNY).

Application Instructions:
To apply, visit

Equal Employment Opportunity Statement
We are an equal opportunity employer and do not discriminate in hiring or employment on the basis of race, color, creed, religion or belief, national or ethnic origin, citizenship status, marital or domestic partnership status, sexual orientation, sex, gender identity or expression, age, disability, military or veteran status, or any other characteristic protected by federal, state, or local law. Pratt Institute recognizes and values the benefits of a diverse workforce.



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