Capital & Debt Accountant

Rice University•Houston, TX

10d•Hybrid

About The Position

As a member of the Controller’s Office staff, the Capital and Debt Accountant will work directly with the Property Accounting Supervisor and is responsible for the following: Setup, capitalization, maintenance, and reporting of the University's capital projects Reporting of the University's outstanding debt transactions This role involves attention to detail, effective communication with various departments, and proficient use of financial systems. This position plays a critical role in ensuring prompt and accurate reporting related to capital projects and debt within the University, ensuring efficient allocation of resources and adherence to financial guidelines.

Requirements

Bachelor’s Degree
In lieu of the education requirement, additional related experience, above and beyond what is required, on an equivalent year-for-year basis may be substituted
2+ years of experience in capital and debt accounting
In lieu of the experience requirement, additional related education, above and beyond what is required, on an equivalent year-for-year basis may be substituted
Strong understanding of generally accepted accounting principles
Proficiency in financial reporting tools and Oracle ERP system
Excellent analytical skills, including the ability to interpret trends from complex financial data
Detail-oriented with a focus on accuracy and timeliness
Ability to prioritize tasks and track multiple projects simultaneously

Responsibilities

Receive and process new project requests, ensuring completeness and compliance with University policies
Maintain comprehensive documentation for all projects to ensure accurate and timely communication with University stakeholders regarding project status and budgetary information
Analyze project financials to provide insights to management, aiding in informed decision-making regarding resource allocation and project prioritization
Monitor project progress by reconciling Work in Progress (WIP) accounts, identifying and addressing variances or discrepancies as necessary
Prepare financial statements and disclosures related to capital projects for external reporting purposes
Conduct comprehensive monthly and quarterly analytical reviews of Property, Plant, and Equipment (PP&E)
Support internal and external audits by providing documentation and explanations related to capital transactions
Identify opportunities to streamline processes and enhance the efficiency of capital accounting functions within the organization, implementing best practices and continuous improvement initiatives
Collaborate with the Treasury Office to record debt issuances, additions, and repayments
Prepare and post monthly journal entries related to debt transactions, including interest expense and amortization of debt issuance costs
Facilitate the allocation of funding for capital projects, working closely with the Budget Office and Facilities & Capital Planning to apply funds appropriately and track expenditures
Additional duties as assigned
Additional duties as assigned