Job ID
24431

Position Overview:

The Accounting Coordinator provides accounting support for the MIT Open Learning Accounts Receivable Team. This role involves managing complex billing and payment transactions for multiple business units across the organization.  The Accounting Coordinator will be a key resource for various accounting and financial operations activities, delivering professional, timely, and accurate support to both internal and external stakeholders.  A key aspect of this role is the need for strong analytical skills to research and resolve issues, ensuring strict compliance with MIT policies. Collaboration with the VPF Central Teams and other Open Learning stakeholders is essential.

 

Principal Duties and Responsibilities:

  • Develop and maintain self-serve reports and dashboards for various stakeholders, including aging analysis and revenue trends, to support the decision-making process.
  • Present detailed reports and address inquiries from stakeholders, ensuring clarity and accuracy in financial communications.
  • Proactively manage collections by analyzing accounts receivable aging reports to identify overdue accounts.
  • Manage invoicing, monitor payment schedules, and coordinate dunning efforts with business unit stakeholders.
  • Perform monthly reconciliations for credit card, PayPal, and bank payments, addressing any variances.
  • Use data manipulation tools to extract, clean, and analyze large datasets for accurate reporting and insights.
  • Review contracts, prepare invoices, and generate course enrollment codes for B2B deals, ensuring all transactions are accurately recorded.
  • Post revenue entries in SAP, following established revenue recognition policies and ensuring compliance.
  • Assist with revenue recognition and prepare course enrollment payout reports, adhering to financial guidelines.
  • Maintain accurate accounts receivable records in SAP and Salesforce, ensuring data integrity and compliance.
  • Process customer refunds and manage customer support tickets via Zendesk, ensuring customer satisfaction.
  • Set up new customers in SAP and coordinate the client onboarding process with the customer success team, ensuring all records are current and accurate.
  • Collaborate with various teams to continuously improve internal processes and increase operational efficiency.
  • Develop and maintain quarterly revenue reports on accruals, deferrals, and variances.
  • Perform other duties as needed.

                                                                                                                                                                                            

Supervision Received:

Will receive supervision from the Accounts Receivable Manager, Bryan Adkison

Supervision Exercised:

None

 

Qualifications & Skills: 

MINIMUM REQUIRED EDUCATION AND EXPERIENCE:

Bachelor’s degree required, preferably in accounting or finance; a minimum of one year of relevant experience; strong analytical; problem solving; decision making, time management; and organizational skills; ability to prioritize; attention to detail; excellent interpersonal skills; discretion with confidential information; strong customer service orientation; ability to work with flexibility; and manage numerous projects with varying degrees of complexity; demonstrated ability to work as part of a team; able to identify and recommend solutions to complex problems; and operate effectively in a fast-paced, constantly changing environment. Strong computer skills including experience with Microsoft Excel intermediate functions; experience with Tableau, SAP and Salesforce preferred. Ability to work with large data sets. MIT experience preferred but not required. 

 

This is a hybrid position, with in office work required 1 – 3 days/week.

Salary range:  $68,000 - $73,000, final salary determined by MIT’s compensation team based on the skills and experience of the person hired.

Employment is contingent upon the completion of a satisfactory background check.

 

 

MIT is an equal employment opportunity employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability.