Bond Accountant

Department

Office of the Controller

Position Summary
This position reviews and reconciles all purchases and tracks spending of state, institutional, and bonds related to capital projects as well as reviewing, reconciling, reporting, and ensuring compliance with all bonds and long-term obligations. This position is also responsible for managing the University’s capital projects and subscription-based information technology agreements. Additionally, it is responsible for analyzing lease agreements by applying GAAP and GASB standards.

Duties & Responsibilities

20%:

• Reconcile and compare the capital expenditure subsidiary ledger accounts and the asset listing to the Plant Fund, general ledger account to analyze Plant Fund activity.
• Reconcile the cash account in the plant funds for all bond and capital projects monthly.
• Draw funds from the State for State-funded capital projects by working in the State’s financial system CORE and in Workday.
• Record draws from State and reconcile projects balances to CORE.

20%:

• Make determinations of operating lease vs capital lease and calculate present values as well as track all leases according to GASB 96 and related standards.
• Maintain the GASB 96 schedules in both Workday and Excel.

20%:

• Responsible for reviewing and reconciling the University’s bond obligations to the General Ledger, submitting all necessary federal forms to receive interest rate subsidies, and preparing and submitting all check requests to pay bond principal and interest obligations.
• Verify proper account classification for leasehold improvements, major remodeling, etc.

15%:

• Approve invoices and encumbrance documents for capital projects or bonds.
• Request and post all internal transfers as they relate to the bond payments.
• Process accruals for bond interest (and subsidies).

10%:

• Monitor hedging derivative instruments and process payments should they become necessary, and review circumstances that could constitute a termination of the University’s swap agreement and propose related entries or disclosures.
• Maintain continuing disclosure compliance through usage of DacBond.
• Monitor private business use of tax-exempt bond-financed facilities to ensure tax-exempt status is maintained.
• Serve as the main point of contact for the Budget Office as it pertains to Bond subsidy calculations.
• Act as initial contact with bond counsel for completion of working drafts for new issuance of bonds.
• Monitor IRS communication for the Tax-Exempt Bond Community.
• Initiate/coordinate arbitrage calculations on time and in compliance with bond requirements. Write and implement new procedures as necessary for additional bonds. Maintain overall compliance with bond issuance.

5%:

• Calculate and compose the State exhibits for fixed assets and bonds.
• Compile and compute the schedule of operating and capital leases based on the University’s written leases (Lease Contracts) and payments and calculate pledged revenue annually.

5%:

• Serve as back up to the Fixed Asset Accountant with respect to reconciliations, invoice approvals, wire transfers, journal entries, data extraction, etc.

5%:

• Explain regulations, computations, and procedures involved with the University’s plant fund, bonds and hedging instruments to auditors.
• Other duties as assigned

Required Qualifications

• A bachelor’s degree in accounting, business, finance, or related.
• Experience using an integrated financial system similar to Workday.
• 2 years of professional accounting experience.
• 2 years of hands-on experience performing reconciliations.
• Proficiency in Microsoft Excel.
• Ability to interact with internal departments and external stakeholders.
• Experience with multi-tasking and problem solving.

Important Note: Successful applicants will ensure their resume clearly demonstrates that their work experience describes how they meet ALL required qualifications.

Preferred Qualifications

• Experience interpreting accounting standards and applying them in a professional setting.
• Workday Finance experience.
• Experience in Higher Education.
• Excellent interpersonal, oral, and written communication skills.

Work Hours

• Full-time, 40 hours per week, Non-Exempt
• Monday-Friday, 8am to 5pm MST
• This position is remote eligible but onsite attendance may be required; must reside in Colorado.

Salary for Announcement
Under Colorado law,