LIM College
Senior Accountant
Join LIM College to apply for the Senior Accountant role.
Base Pay Range $85,000.00/yr - $90,000.00/yr
General Description Founded in 1939 and located in midtown Manhattan, LIM College is a female‑led and owned institution focused on the global business of fashion and lifestyle. Offering master’s, bachelor’s, and associate degree programs, LIM prepares students for career success via an immersive approach grounded in real‑world experience and learning by doing required internships. LIM College’s commitment to excellence in business education ensures graduates are sought after by a wide range of employers, as evidenced by a Career Outcomes Rate of 96% for the Class of 2022. Alumni excel throughout all areas of fashion and lifestyle and have gone on to work for companies such as Chanel, Gucci, Alexander McQueen, Ross Stores, The Financial Times, Ulta Beauty, Google, Saks Fifth Avenue, Cannabis Creative, and The National Football League.
Position Purpose Under the direction of the Vice President of Finance & Controller, the Senior Accountant is responsible for performing and reviewing key accounting functions including general ledger reconciliations, revenue recognition, and financial statement preparation. This role ensures the integrity and accuracy of financial data and compliance with internal controls, institutional policies, and government regulations. The Senior Accountant supports month‑end and year‑end close processes and audit preparation.
Essential Functions and Basic Duties
Prepare and review journal entries, account reconciliations, and schedules to support monthly, quarterly, and annual closing processes.
Maintain and reconcile balance sheet and income statement accounts, ensuring all activity is properly recorded and documented.
Reconcile student tuition revenue between Sonis, the General Ledger, G6, and COD, ensuring accuracy and compliance with federal and institutional reporting requirements.
Reconcile 401(k) remittances to ensure timely and accurate submission of employee and employer contributions.
Monitor daily cash activities, ensuring proper recording and reconciliation of all transactions.
Prepare and reconcile G6 drawdowns, coordinating with the Student Financial Services department to ensure accuracy and compliance.
Process payments once approved by the Vice President of Finance & Controller and Senior Vice President of Finance & Operations, ensuring accuracy and adherence to internal controls.
Assist with preparation of accurate and timely financial statements in accordance with GAAP.
Analyze financial results, identifying variances and trends to support management decision‑making.
Support the Vice President of Finance & Controller in the development and implementation of accounting policies and procedures.
Ensure adherence to internal controls and assist with ongoing evaluations and process improvements.
Prepare audit schedules and collaborate with external auditors to support annual audit activities.
Assist with budget preparation, financial forecasts, and ad‑hoc financial analyses.
Serve as a resource for departmental inquiries and provide support for process improvements and automation initiatives.
Other duties as assigned by the Vice President & Controller.
Requirements
Minimum of 5 years’ auditing or accounting experience.
Education
Four‑year college degree or equivalent in accounting or related field.
Required Knowledge
Demonstrated and strong information systems skills including MS Word, Excel, and PowerPoint and relational database software.
Knowledge of Great Plains or similar software.
Skills and Abilities
Excellent communication and interpersonal skills and experience dealing effectively with a wide range of people.
Outstanding customer service skills and desire to assist others; approachable; excellent writing and editing skills.
Strong initiative: able to take action and determine correct course of action to solve problems, complete assignments, etc.
Excellent organizational skills; able to set and juggle multiple priorities.
Flexibility, able to work with minimal supervision under tight deadlines and in pressure situations.
Ability to work in person or remote as conditions warrant.
Understanding of accounting software.
Work Perks
College Closed for Summer Fridays.
Tuition Remission or Tuition Exchange.
6 Weeks of Paid Holidays.
Birthday Day to Celebrate your Birthday.
2‑4 weeks of vacation based on longevity; 7 sick days annually.
Medical, Dental, Vision, Employee Assistance, 401K etc.
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Base Pay Range $85,000.00/yr - $90,000.00/yr
General Description Founded in 1939 and located in midtown Manhattan, LIM College is a female‑led and owned institution focused on the global business of fashion and lifestyle. Offering master’s, bachelor’s, and associate degree programs, LIM prepares students for career success via an immersive approach grounded in real‑world experience and learning by doing required internships. LIM College’s commitment to excellence in business education ensures graduates are sought after by a wide range of employers, as evidenced by a Career Outcomes Rate of 96% for the Class of 2022. Alumni excel throughout all areas of fashion and lifestyle and have gone on to work for companies such as Chanel, Gucci, Alexander McQueen, Ross Stores, The Financial Times, Ulta Beauty, Google, Saks Fifth Avenue, Cannabis Creative, and The National Football League.
Position Purpose Under the direction of the Vice President of Finance & Controller, the Senior Accountant is responsible for performing and reviewing key accounting functions including general ledger reconciliations, revenue recognition, and financial statement preparation. This role ensures the integrity and accuracy of financial data and compliance with internal controls, institutional policies, and government regulations. The Senior Accountant supports month‑end and year‑end close processes and audit preparation.
Essential Functions and Basic Duties
Prepare and review journal entries, account reconciliations, and schedules to support monthly, quarterly, and annual closing processes.
Maintain and reconcile balance sheet and income statement accounts, ensuring all activity is properly recorded and documented.
Reconcile student tuition revenue between Sonis, the General Ledger, G6, and COD, ensuring accuracy and compliance with federal and institutional reporting requirements.
Reconcile 401(k) remittances to ensure timely and accurate submission of employee and employer contributions.
Monitor daily cash activities, ensuring proper recording and reconciliation of all transactions.
Prepare and reconcile G6 drawdowns, coordinating with the Student Financial Services department to ensure accuracy and compliance.
Process payments once approved by the Vice President of Finance & Controller and Senior Vice President of Finance & Operations, ensuring accuracy and adherence to internal controls.
Assist with preparation of accurate and timely financial statements in accordance with GAAP.
Analyze financial results, identifying variances and trends to support management decision‑making.
Support the Vice President of Finance & Controller in the development and implementation of accounting policies and procedures.
Ensure adherence to internal controls and assist with ongoing evaluations and process improvements.
Prepare audit schedules and collaborate with external auditors to support annual audit activities.
Assist with budget preparation, financial forecasts, and ad‑hoc financial analyses.
Serve as a resource for departmental inquiries and provide support for process improvements and automation initiatives.
Other duties as assigned by the Vice President & Controller.
Requirements
Minimum of 5 years’ auditing or accounting experience.
Education
Four‑year college degree or equivalent in accounting or related field.
Required Knowledge
Demonstrated and strong information systems skills including MS Word, Excel, and PowerPoint and relational database software.
Knowledge of Great Plains or similar software.
Skills and Abilities
Excellent communication and interpersonal skills and experience dealing effectively with a wide range of people.
Outstanding customer service skills and desire to assist others; approachable; excellent writing and editing skills.
Strong initiative: able to take action and determine correct course of action to solve problems, complete assignments, etc.
Excellent organizational skills; able to set and juggle multiple priorities.
Flexibility, able to work with minimal supervision under tight deadlines and in pressure situations.
Ability to work in person or remote as conditions warrant.
Understanding of accounting software.
Work Perks
College Closed for Summer Fridays.
Tuition Remission or Tuition Exchange.
6 Weeks of Paid Holidays.
Birthday Day to Celebrate your Birthday.
2‑4 weeks of vacation based on longevity; 7 sick days annually.
Medical, Dental, Vision, Employee Assistance, 401K etc.
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