FINANCIAL ACCOUNTANT I

• Analyze complex proposed bond measures, review Bond Official Statement and Indenture and related legislation for fiscal impact and implement provisions when passed into law. Develop, coordinate, and implement procedures of policy issues, new bond programs, legislative mandates and special projects. Research industry practices and regulations to identify the potential impact, conduct risk assessments, make recommendations to management, and implement financial management controls.

• Establish and maintain accounts in the State’s financial accounting system to accurately record all bond financial activity including receipt of proceeds, transfers of cash for project expenditures, investment earnings, administrative costs, and debt service payments and provide reporting data for inclusion in the State’s Comprehensive Annual Financial Statement.

• Provide analytical assistance to agency accounting personnel to resolve specific financial accounting issues and explain rules and/or procedures. Prepare and process financial accounting instruments for fiscally sensitive documents to support transaction requests. Analyze and provide solutions to complex financial accounting problems that result when an agency’s request cannot be processed due to deficiencies in cash, appropriation balances, or legal authority.

• Develop and maintain reconciliation of bonds authorized, detailed appropriation status report, and management of cash availability to ensure spending does not exceed bonds authorized.

• Perform activities necessary to process bond sales and the associated financial accounting and reporting of bond funds. Establish bond expenditure and proceeds accounts. Ensure that bond proceeds are remitted to the appropriate bond funds and tied to the related expenditure accounts.

• Coordinate with state agencies and work with the STO to ensure accurate and consistent financial reporting of bond proceeds, issuance costs, underwriter fees, premiums, and discounts. Serve as an expert representative for financial accounting on state agencies, various committees, and workgroups. Provide input related to fiscal controls, applicable regulations and requirements, and feasibility of operations. Participate in conferences with other agencies on preliminary bond issues.

• Organize, create, and maintain centralized files for each bond for easy-to-use and relevant information extraction, including flow charts, summaries, background, accounts, bond structure, bond propositions, reconciliation reports, analysis, and other pertinent information.

• Serve as a back-up in processing new PMIA loans as authorized by bond propositions and subsequently approved by the Pooled Money Investment Board (PMIB). Establish PMIA loan accounts and provide analytical services necessary to close out or renew PMIA loans. Ensure that loan proceeds are transferred from the PMIA to loan accounts, and that cash is transferred from the loan account to cover expenditures. Calculate loan interest due at closing date of loans. Maintain database of existing and new PMIA loans. Reconcile PMIA loans and commercial paper authorized with STO’s records.

• Serve in a lead capacity over the bond accounting, PMIA loan, and discharge of accountability areas, oversee financial accounting staff work assignments, assist financial accounting staff with technical aspects, and provide training and technical expertise to financial accounting staff. Serve as a back-up to other financial accounting staff.

• Participate in Division level policy development and perform special assignments. Review and evaluate current process and procedure documents to develop new and/or revise existing processes and procedures. Assist in conducting ongoing risk assessments, monitor, and verify adequacy of internal controls in compliance with the State Leadership Accountability Act.

• Participate in the agency’s development of a new financial accounting system (FI$Cal) as a subject matter expert. Meet with the division’s IT team, division management, and FI$Cal project team staff to discuss the replacement of the current financial accounting system.

• Assist with giving oral presentations and participate in meetings to represent the Bureau of Cash Management and its functions. Provide assistance to other sections of the Bureau to meet business needs.

You will find additional information about the job in the Duty Statement.