General Ledger Accountant II in Altoona, Iowa at Prairie Meadows

Shift: 8am-430pm

Days Off: Saturday/Sunday

Duties: Provides financial information to accounting management by researching and analyzing accounting data, reconciling accounts with supporting documentation and prepares reports. Accountable for general ledger account reconciliations, journal entries, recording the cost of newly-acquired fixed assets (both tangible and intangible), tracking existing fixed assets, tracking capital expenditures for cash flow purposes, recording depreciation, accounting for the disposition of fixed assets, and assist in the preparation of annual audit work papers. Submits EFT payments for Federal tax deposits bi-weekly and creates annual Federal withholding tax returns. Maintain, and record the fixed asset addition transactions; create, maintain, and record the fixed asset trade-in and disposal transactions; and analyze & record adjustments to the cost basis for fixed assets. Reconciles and analyzes the general ledger balances for fixed assets to the subsidiary ledger balances. Records and analyzes depreciation expense on all fixed assets purchased on a book and tax basis. Analyze, forecast, and prepare the monthly property tax accrual. Prepare and provide support for the bi-annual payments. Analyze, amortize and reconcile all prepaid asset accounts. Reconciles credit card discrepancies. Evaluates, maintains, records, and reconciles the fixed assets clearing account. Analyze Polk County monthly and gambling taxes payable at month end and record appropriate accrual. Analyze and reconciles subsidiary balance with the general ledger accounts as assigned. Tracks the sale and redemption of Prairie Meadows Racetrack and Casino gift cards. Analyzes, recommends and completes bank transfers and reoccurring payments weekly. Prepares and submits documentation for; transfers to/from the reserves as required, payment of monthly lease payments. Coordinates the replies to IRS levies received by company. Review paperwork received and approve appropriate cash journal entries for all wire transfers, accounting deposits, deposit return items and interest received. Analyze and recommend savings plan for contractual obligations and day-to-day operations through trending and act on approved plan. Assist with monthly financial close process including journal entries, variance analysis, communication with departments and accruals. Tracks capital expenditures and prepare reports for cash flow purposes. Analyze weekly cash transactions and project future income and expenditures. Prepares cash flow projections and weekly financial forecasts for upper management. Maintains subsidiary records for all equipment capital leases and produces the annual audit work papers. Monitor and review repair and maintenance accounts. Audits accounts payable invoices for the accurate accrual of State Sales and Use taxes. Prepares the required State of Iowa returns and makes payments for quarterly use, withholding, and sales taxes. Also responsible for bi-monthly estimated State sales tax and withholding payments on the 10th and 25th. Prepares quarterly and yearly Federal surveys as assigned. Prepares special financial reports & recommends financial actions by collecting, analyzing and summarizing account information and trends. Maintains accounting controls by preparing and recommending policies and procedures.

Job Requirements: Minimum four-year accounting degree with three years accounting experience or a two-year accounting degree required with five years general ledger, fixed assets, reconciliation and analysis experience or related experience. Must be proficient with calculator and computer. Advanced Excel skills, working knowledge of Word and Power Point a plus. Must possess excellent problem solving and organizational skills with a working knowledge and understanding of GAAP. Must possess ability to adapt to changing work environment & meeting deadlines. Ability to communicate and interact verbally and in writing with people of diverse backgrounds. Ability to lift up to 35 pounds.