Staff Accountant- Accounting at Southern States Cooperative

Richmond, Virginia, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Jul, 26

Salary

0.0

Posted On

01 May, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Equity accounting, Vendor management, Accounts payable, Reconciliation, Financial reporting, Tax reporting, GAAP, Microsoft Excel, Analytical skills, Problem solving, Communication skills, Data integrity, Internal controls, Journal entries

Industry

Farming

Description

General Summary This role is a member of the Accounting Shared Services team primarily responsible for cooperative equity accounting and vendor management within Accounts Payable. Responsibilities include maintaining accurate records related to patronage-based equity, including stock issuance, patronage refunds, revolvements and redemptions for Southern States as well as approximately twenty-five member cooperatives. This role is also responsible for vendor administration, ensuring vendor data integrity and strong internal controls. Essential Job Functions Maintains and reconciles member equity accounts, including stock and patronage allocations. Supports the calculation and recording of patronage refunds (cash and equity allocations). Prepare and process annual dividend payments, patronage refunds, and equity revolvements in accordance with cooperative bylaws and Company policies and procedures. Processes membership redemptions and maintains appropriate documentation ensuring transactions are recorded accurately and in accordance with cooperative policies. Serves as a point of contact for patrons and member cooperatives regarding inquiries regarding equity accounts and balances. Manages vendor setup and maintenance, including creating and updating vendor records in the accounting system Obtains and maintains required tax documentation and banking information for vendors. Prepares journal entries related to member equity activity and accounts payable as needed. Prepares account reconciliations as assigned. Assists with forfeiture and escheatment processes for stock records and accounts payable. Supports the federal tax reporting requirements for stock records and accounts payable, including 1099-DIV, 1099-PATR, 1099-MISC, and 1099-NEC, ensuring compliance with applicable regulations. Assists with month-end and year-end close processes. Supports financial, bank, and other external audits as needed. Qualifications Qualifications Requires bachelor's degree in accounting or related field 1-2 years of accounting experience preferred Working knowledge of accounting principles (GAAP) Requirements Strong attention to detail and organizational skills Effective analytical, problem solving and communication skills Proficient with Microsoft Excel and various accounting systems Ability to manage confidential financial and member information

Responsibilities

This role manages cooperative equity accounting, including stock issuance and patronage refunds, while overseeing vendor administration and data integrity. The accountant also prepares journal entries, performs account reconciliations, and supports tax reporting and audit processes.