The Role
Supports accounts payable, accounts receivable, collections, reconciliations, payment processing, deposits, contract billing, expense reimbursements, credit card administration, and financial recordkeeping. Assists with audits, tax reporting, donations, records retention, and finance inquiries while maintaining regulatory compliance and accurate records. The role requires strong organization, attention to detail, communication, and the ability to manage multiple priorities independently.
Summary Generated by Built In
TITLE: Accounting Specialist
REPORTS TO: Chief Financial Officer
STATUS: Non-exempt; full-time, 40 hrs/wk
LOCATION: Minneapolis, hybrid eligible
COMPENSATION: $24.46 - $28.62 per hour; Benefit-Eligible
Job Summary
The Accounting Associate is responsible for supporting MacPhail Center for Music in accounts payable, receivable, and collections in addition to general finance department support. This role maintains accurate financial records and ensures compliance with internal and external regulations. Additionally, the Accounting Associate provides a positive experience for employees and customers in all Finance interactions.
RESPONSIBILITIES & ESSENTIAL FUNCTIONS
Accounts Payable
Accounts Receivable and Collections
Finance Department Support
QUALIFICATIONS
REPORTS TO: Chief Financial Officer
STATUS: Non-exempt; full-time, 40 hrs/wk
LOCATION: Minneapolis, hybrid eligible
COMPENSATION: $24.46 - $28.62 per hour; Benefit-Eligible
Job Summary
The Accounting Associate is responsible for supporting MacPhail Center for Music in accounts payable, receivable, and collections in addition to general finance department support. This role maintains accurate financial records and ensures compliance with internal and external regulations. Additionally, the Accounting Associate provides a positive experience for employees and customers in all Finance interactions.
RESPONSIBILITIES & ESSENTIAL FUNCTIONS
Accounts Payable
- Manage incoming invoices including approvals and weekly payment processing
- Generate and monitor the aging report
- Monitor on-going contract expenses and make appropriate payments
- Manage credit card processes with MacPhail card holders and post entries to appropriate accounts
- Process expense reports and manage reimbursement for employees
- Administer the company credit card system (RAMP), including monthly reconciliations and employee training
Accounts Receivable and Collections
- Manage all cash receipts, make bank deposits, and record and reconcile deposits
- Monitor and prepare community partnership contracts, recognize associated revenue, manage invoices and prepare monthly reports
- Generate and process instrument and space rental contracts
- Reconcile incoming contract payments to ensure all are accounted for and properly posted
- Monitor accounts receivable aging and follow up on past due amounts
Finance Department Support
- Assist with year-end audit preparation, filing 1099 forms, and other reporting requirements
- Process in-kind donations
- Open mail and route to appropriate parties
- Maintain the records retention and documentation process
- Respond to any questions regarding expenses
QUALIFICATIONS
- Commitment to equity and inclusion practices
- Associate or bachelor’s degree in accounting, finance, or related major, or comparable work experience, preferred
- 3+ years accounting or finance experience; non-profit experience, preferred
- Experience with general ledger software, Sage Intacct preferred as well as 3rd party software for credit cards and invoice processing
- Proficiency with Microsoft Excel, Outlook, and Word
- High level of efficiency and attention to detail
- Positive attitude and strong professionalism
- Strong verbal and written communication skills
- Ability to work independently and manage multiple priorities
Skills Required
- Commitment to equity and inclusion practices
- Associate or bachelor's degree in accounting, finance, or a related major, or comparable work experience
- At least 3 years of accounting or finance experience
- Nonprofit experience
- Experience with general ledger software; Sage Intacct preferred
- Experience with third-party software for credit cards and invoice processing
- Proficiency with Microsoft Excel, Outlook, and Word
- High level of efficiency and attention to detail
- Positive attitude and strong professionalism
- Strong verbal and written communication skills
- Ability to work independently and manage multiple priorities
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The Company
What We Do
Mission: To transform lives and communities through exceptional music learning. Vision: To provide students of all backgrounds and abilities access to exceptional music learning experiences through extraordinary faculty, innovative programs and integrated learning technology to create successful outcomes. MacPhail offers the best music education in the region in 35 instruments at 132 different locations throughout the Twin Cities and statewide, serving 16,000 students annually.
