AR Accountant at 2U

Cape Town, Western Cape, South Africa

2U Logo
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Education Technology, EdTechIndustries

Requirements

  • Studied or studying towards an Accounting / Finance diploma or degree (or equivalent work experience)
  • Strong reconciliation skills and attention to detail
  • Experience with ERP/Accounting software
  • Proficient in Excel and Google Workspace
  • Excellent communication skills and ability to work cross-functionally
  • Ability to work under pressure with strict deadlines whilst maintaining a high level of accuracy
  • Ability to think in a systematic fashion
  • Contribute to a positive and collaborative team culture

Responsibilities

  • Accurate allocation and reconciliation of student payments, including importing and posting bank transactions, reconciling cash accounts, and clearing all relevant process screens
  • Investigate and resolve discrepancies in customer accounts
  • Prepare and process account fixes
  • Ensure student accounts are reconciled and cleared
  • Accounts receivable completeness checks
  • Assist with provisions calculations and journals at month end
  • Balance sheet reconciliations
  • Assist in preparing of month end and year end reports and schedules for management review
  • Cash updates as needed
  • Support audits by providing accounts receivable documentation and explanations
  • Ensure adherence to internal controls and accounting policies
  • Identify opportunities for process and efficiency improvements
  • Respond to VAT related student queries and collaborate with student advisors to ensure finance related queries are resolved
  • Training and mentoring of new team members
  • Assisting with special projects or analysis requests as needed

Skills

Key technologies and capabilities for this role

Accounts ReceivableCash ApplicationBank ReconciliationMonth-End CloseBalance Sheet ReconciliationFinancial ReportingAudit SupportVATJournal EntriesProcess Improvement

Questions & Answers

Common questions about this position

What qualifications are required for the AR Accountant role?

Candidates should have studied or be studying towards an Accounting/Finance diploma or degree (or equivalent work experience), along with strong reconciliation skills, attention to detail, experience with ERP/Accounting software, proficiency in Excel and Google Workspace, and excellent communication skills.

What is the salary for the AR Accountant position?

This information is not specified in the job description.

Is this AR Accountant role remote or office-based?

This information is not specified in the job description.

What is the company culture like at 2U?

2U fosters a positive and collaborative team culture, with a global employee base of diverse innovators, dreamers, and doers motivated by their mission to eliminate the back row in education and deliver world-class digital education.

What makes a strong candidate for this AR Accountant position?

Strong candidates will have accounting/finance education or equivalent experience, excel in reconciliations with keen attention to detail, be proficient in ERP software, Excel, and Google Workspace, and demonstrate the ability to work under pressure, think systematically, and communicate cross-functionally.

2U

Provides online education solutions for universities

About 2U

2U provides online education solutions for universities, partnering with them to deliver high-quality digital programs. Their services include course design, marketing, and student support, all enhanced by technology and data analytics. This approach creates an engaging online learning environment that aims to ensure equal opportunities for all students. Unlike traditional learning management systems, 2U focuses on long-term partnerships and revenue-sharing agreements, aligning their success with that of the universities they serve. Their goal is to improve student outcomes and expand access to education globally.

Crystal City, VirginiaHeadquarters
2008Year Founded
$93.3MTotal Funding
IPOCompany Stage
EducationIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Employee Stock Purchase Plan
Parental Leave
Volunteer Days

Risks

Interim CEO appointment suggests potential instability in leadership.
Multiple class action lawsuits pose significant legal and financial risks.
Chapter 11 bankruptcy filing indicates ongoing financial distress.

Differentiation

2U partners with prestigious universities to offer high-quality online degree programs.
The company combines technology, human support, and data analytics for effective online learning.
2U's No Back Row approach ensures equal opportunity for all students.

Upsides

Growing demand for online education boosts 2U's market potential.
Partnerships with international universities expand 2U's global reach.
Increased focus on data analytics improves student retention and success.

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