Senior Investment Accounting Manager

This position is being re-advertised. Those who have previously applied are still being considered and do not need to reapply.

The CalSTRS Financial Planning, Accounting & Reporting Division is seeking a motivated individual to work as a Financial Accountant IV in the Investment Accounting Unit.

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 Unit 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 direction of the Assistant Director, Financial Reporting & Investment Accounting (CEA B), the Financial Accountant IV (FA IV) plans, organizes and directs the work of technical and professional staff performing the most critically sensitive and complex financial and investment accounting activities. The FA IV oversees staff in the accounting and financial reporting of investment transactions and activities for CalSTRS’ highly complex and diversified multi-billion dollar investment portfolio (approximately $417.5 billion investment assets as of June 30, 2025), including complex research, internal control and compliance with accounting standards mandated by the Governmental Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB), and the Government Finance Officers' Association (GFOA).

The Investment Accounting Manager manages investment accounting contracts and interacts with highly skilled professionals and managers within CalSTRS’ Investments Branch and other branches, external portfolio manager firms,

master custodians and trustees.

The ideal candidate will possess the following skills:

• At least seven years of progressive experience in financial accounting, reporting and oversight of internal and external accounting control functions.
• Positive leadership style, interpersonal and team building skills.
• Excellent verbal/written communication skills and ability to work collaboratively with multi-level staff, and various internal and external stakeholders, including but not limited to, service organizations.
• Excellent analytical and quantitative skills.
• Excellent project management and organizational skills with the ability to meet the challenge of working in a fast-paced and continuously changing work environment.
• Experience researching, interpreting, documenting, and implementing changes in accounting and financial reporting resulting from new legislation, policies or pronouncements of the Governmental Accounting Standards Board, Financial Accounting Standards Board, American Institute of Certified Public Accountants or Government Finance Officers' Association.
• CPA preferable, but not required.

Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.

In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees’ monthly base pay in exchange for paid leave credits. This position is subject to PLP 2025 and will have a monthly base pay reduction of 3% in exchange for 5 hours of leave credits for the duration of the program. The salary ranges shown on this job posting do not reflect the reduced amounts.