This examination will remain open until the needs of LACERA are met and may close without prior notice.
TYPE OF RECRUITMENT: Open Competitive Job Opportunity
EXAMINATION INFORMATION: Examination Number: 9-0476-A Job Bulletin Number: 24-34
SALARY
$6,431.82 - $8,666.88 Monthly
$77,181.84 - $104,002.56 Annually
The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $79 billion retirement fund for the County of Los Angeles. We provide retirement, disability, and death benefits to eligible County Employees and their Beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, Outside Districts, and County Employees. LACERA is one of the largest county retirement associations in the United States with over 194,000 Members. Our Membership is comprised of individuals from a diverse range of careers, age groups, and ethnicity - all contributing to the greater welfare of Los Angeles County.
Benefits including a cafeteria benefit plan, annual leave, defined benefit retirement plan, Deferred Compensation Plan (457) savings plan, 13 paid holidays per year, savings plan, a hybrid work schedule, tuition reimbursement and a ride share program.
ABOUT THE POSITION: Positions allocable to this class perform senior-journey level professional investment accounting and auditing work in the Investment Accounting Section of the Financial and Accounting Services Division (FASD). Incumbents in these positions act as a technical specialist responsible for independently managing and performing highly complex investment/fund accounting assignments in connection with the overall operation of a large scale investment program, including special accounting projects impacting LACERA’s annual financial statements, ensuring compliance with financial statement/legal/regulatory reporting standards, preparing reports to LACERA’s governing Boards, performing specialized tasks, implementing investment strategies determined by the Investment Office, working directly with external investment consultants and service providers, and acting as lead to lower-level accounting positions. Some positions may be assigned to assist the supervisor with management of the unit.
Under the general supervision of a higher-level investment accounting professional, incumbents of these positions are responsible for the analysis, reconciliation, reporting and maintenance of investment transactions requiring a professional level of knowledge of accounting principles and practices, including: investment assets; investment funds, investment fund accounting, financial accounting and auditing, government financial statement reporting standards and procedures, generally accepted accounting principles (GAAP), general ledger accounting applications, accounting and investments information technology systems, and general office procedures. Incumbents operate personal computers and 10-key adding machines in the performance of their duties.
VACANCY INFORMATION
There are currently two (2) vacancies in the Investment Accounting Section of the Financial and Accounting Services Division.
Work Schedule: This full-time position is required to work a 5/40 schedule (e.g. an eight (8) hour day, Monday through Friday) for at least the first twelve (12) months of employment. LACERA offers a hybrid work environment, and this position may be eligible to telework up to two (2) days per week.
SELECTION REQUIREMENTS
TRAINING AND EXPERIENCE:
Completion of twenty-one (21) semester units or thirty-two (32) quarter units of coursework from an accredited college or university, including completion of twelve (12) semester units or eighteen (18) quarter units of accounting and three (3) advanced courses within any of the following subjects: accounting, finance, economics, or auditing
-AND-
Four (4) years of professional investment fund accounting or investment-related auditing experience at a public pension fund, endowment fund, investment management firm, custodian bank, or insurance company.
DESIRABLE QUALIFICATIONS:
- Graduation from an accredited college or university with a Bachelor's Degree in Business Administration, Accounting, Economics, or Finance.
- A valid Certified Public Accountant (CPA) license issued by the California Board of Accountancy.
- Demonstrated experience as a technical lead to lower-level professional investment accountants, including training, reviewing work, and providing constructive feedback to others.
CERTIFICATION BONUS: Any permanent, full-time employee working in this classification possessing a valid Certified Public Accountant (CPA) by the California Board of Accountancy is entitled to a Certification Bonus equal to two (2) salary schedules (approximately 5.5%) as provided by the Los Angeles County Step Pay Plan.
