Accountant II, Accounts Payable - Denver

Department Information

This position is only open to Colorado state residents. New employees to the State will be paid biweekly. There are 26 biweekly pay periods in a year.

About CDOT

CDOT employees make a difference by providing freedom, connection, and experience to the traveling public, while also keeping them safe. The State of Colorado offers competitive medical, dental and vision insurance, life and disability insurance, and flexible spending and health savings accounts. The state also offers PERA retirement, great optional PERA plans such as 401K, a generous paid time off package of annual, sick, holiday and other leave, strong career growth, tuition reimbursement and professional development.

Description of Job

About the Work Unit The Accountant II works in the Colorado Department of Transportation's (CDOT's) Accounts Payable section of the Center for Accounting within the Division of Accounting and Finance. The Center for Accounting ensures all financial related transactions for CDOT are recorded in compliance with generally accepted accounting principles (GAAP). The Accounts Payable (AP) section of the Center for Accounting is responsible for ensuring all transactions related to payments/payables are in compliance with GAAP and are made timely and accurately.

About the Position

The Accountant II serves as the designated Lead Accountant for Accounts Payable for the Center of Accounting. This position holds primary responsibility for the comprehensive review and entry of non-federal aid billing and all miscellaneous accounts payables, supported by an ongoing customer service component. The Accountant II serves as liaison for State Infrastructure Bank (SIB) Loan business partners and loans and serves as the Enterprise point of contact for CDOT payroll billings. In addition, this position performs monthly, quarterly and year-end reconciliations of loan activities and General Ledger accounts and assists with 1099 compliance activities. This position provides cross-functional support for Accounts Payable operations and staff.

Your duties will include, but are not limited to, the following:

Serve as the Lead Accountant in the Accounts Payable section for the Center of Accounting and provide essential backup for other key Accounts Payables positions. Execute all phases of 1099 tax reporting. Provide training as needed to internal and external customers regarding vendor management and Accounts Payable. Perform complex monthly inter-agency billing for payroll administrative services provided for CDOT's High Performance Transportation Enterprise (HPTE) and Bridge Enterprise. Track services via statistical Internal Order numbers and generate invoice drafts upon official notification that the monthly payroll and benefit allocations are finalized. Post and clear all Enterprise payments, payroll and non-payroll. Evaluate whether amounts have been posted correctly and provide recommended changes as necessary to ensure accuracy and completeness. Reconcile and close transactions in both the Accounts Receivable and Accounts Payable systems without generating physical checks. Create and enter State Infrastructure Bank (SIB) Loan new business partner and loan information into SAP SIB Modules. Invoice SIB loan recipients and monitor the reception and posting of payments. Act as the custodian of SIB loans documentation. Generate quarterly SIB loan reports for management review and approval. Utilize state fiscal rule to reconcile SIB loan escrow agent statements with expense / disbursement reports received and approved by CDOT. Ensure SIB loan balances in the SAP loan module balances to the SAP loan receivable GL account balance. Perform monthly reallocation of SIB interest revenue to sub funds based on a report that CDOT receives from Treasury for interest. Perform year-end accrual entry for SIB loans interest revenue. Perform financial reconciliations between the CDOT financial system SAP and the State system of record, CORE. Routinely review and clear exceptions identified in diagnostic and trial balance reports. Collaborate with supervisors and managers in the preparation and review of departmental financial Exhibits year-end documents required to support the State's Annual Comprehensive Financial Report. Manage and reconcile CDOT's related Prepaid Asset Account. Record for approval a variety of customer invoices on a daily basis. Ensure cash payments to vendors are coded and processed properly. Other duties as assigned.

Work Environment

Your schedule will primarily be 8:00 am – 5:00 pm work hours, Monday-Friday, but we are flexible to meet your work/life balance needs while ensuring CDOT business needs are met. You will likely work a hybrid schedule with a combination of in-office and remote work.

Minimum Qualifications

Experience Only: At least six (6) years of professional Accounting or Auditing experience, with at least four (4) years of this experience in full-time professional accounting experience. OR Education and Experience: A combination of relevant education and experience equal to at least six (6) years. Substitution: Current, valid licensure as a CPA by the Colorado Board of Accountancy will count for six (6) years of the requirement. Conditions of Employment: Must pass a pre-employment screening which may include social security number trace, criminal records check, public court records check, educational records, and driving records checks.

Preferred Qualifications

Demonstrated success with the duties listed in the Description of the Job section; Professional knowledge of general accounting practices and standards, including GAAP, GASB, FASB, State fiscal rules, State financial reporting, and Federal requirements; Strong accounts payable experience; Reconciliation and analytic skills; Strong Excel skills; Strong SAP skills; Excellent written and verbal communication skills; Ability to manage multiple assignments, priorities, and projects in a demanding environment.