The CalSTRS Financial Planning, Accounting, and Reporting Division is seeking a motivated individual to work as an Investment Accountant II on the Investment Accounting team.
The Financial Planning, Accounting and Reporting Division is responsible for developing and maintaining the annual financial planning processes, preparing accounting records and managerial reports detailing cost and performance information, and coordinating and preparing the financial statements in compliance with generally accepted accounting principles.
The Investment Accounting team records, reports and analyzes activity related to CalSTRS investment portfolio as required by generally accepted accounting principles for all CalSTRS programs including defined contributions.
Under the general supervision of the Financial Accountant IV (Investment Accounting Manager), the Financial Accountant II (FA II) performs technical and professional accounting activities that includes research, analysis and explanation of the technical aspects and application of generally accepted accounting principles (GAAP), internal controls, and financial reporting requirements mandated by the Governmental Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB) and the Government Finance Officers' Association (GFOA) to CalSTRS' investment portfolio and accounting operations. The FA II will perform highly complex and atypical investment accounting, valuation and reporting. The incumbent is responsible for designing and implementing approaches to address requirements of financial reporting and accounting standards as they pertain to various classes of complex investment portfolios (private equity, real estate, fixed income, global equities, and private assets), internal and external investment managers, and CalSTRS’ Global Custodian.
The ideal candidate will possess the following skills:
- Knowledge of US GAAP, specifically Governmental Accounting Standards Board (GASB) pronouncements pertaining to public pension plan investments
- Experience analyzing financial statements and performing complex reconciliations
- Experience researching, analyzing, and implementing new laws, regulations, and/or accounting requirements
- Experience preparing technical accounting treatment memos and/or policies
- Experience utilizing SAP or a similar enterprise resource planning system
- Strong attention to detail and analytical skills with an ability to independently complete multiple assignments with overlapping deadlines
Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.
