Accountant III, Treasury Ops

Commonwealth of Massachusetts•Boston, MA

About The Position

The Accountant III provides assistance and support to Treasury Operations, its supervisor, and the financial management team in operating the Secretariat’s cash accounts. The work includes maintaining cash records, reconciling assigned bank account transactions, monitoring and processing daily cash flow activities, and providing backup and technical support for Treasury Operations. The position operates under the direction of the Treasury Operations Manager. The role processes unemployment benefit and federal grant cash drawdowns, reconciles transactions, maintains audit-supporting documentation, and collaborates with treasury, banking partners, and financial platforms. It also monitors cash balances, revenues, and disbursements; prepares cash reports and accounting records; and performs reconciliations in coordination with the Offices of the State Comptroller and Treasurer. The Executive Office of Labor and Workforce Development manages the Commonwealth’s workforce development and labor departments to help workers, employers, and unemployed people access the tools and training needed to succeed in the Massachusetts economy.

Requirements

At least three years of full-time or equivalent part-time professional experience in accounting or auditing, including at least one year in a supervisory, administrative, or managerial capacity, or an equivalent combination of experience and qualifying substitutions.
An associate’s degree with a major in accounting, business administration, or business management may substitute for up to one year of the required accounting or auditing experience.
A bachelor’s degree with a major in accounting, business administration, or business management may substitute for up to two years of the required accounting or auditing experience.
A graduate degree with a major in accounting, business administration, or business management may substitute for the required experience.
Education toward a qualifying degree is prorated according to the proportion of degree requirements completed.

Nice To Haves

Knowledge of accounting principles and practices, including terminology.
Knowledge of federal and state laws, standards, and guidelines governing cash management.
Experience with the state accounting system (MOSAIC) and enterprise software applications used to manage and monitor assigned accounts.

Responsibilities

Process unemployment benefit cash drawdowns within ASAP and U.S. Treasury sites.
Process federal grant drawdowns through the PMS federal site and reconcile MOSAIC transactions.
Collaborate with treasury, banking partners, and financial platforms to ensure accurate cash draw reconciliation.
Maintain proper records for cash draws and comprehensive documentation to support audit compliance.
Scan and deposit sweep account checks.
Enter payment vouchers into MOSAIC for processing.
Monitor daily cash balances, revenue, and fund disbursements, ensuring amounts are accurate and posted timely in compliance with state and federal regulations.
Perform weekly cash and expense reconciliations and resolve issues in a timely manner with the Offices of the State Comptroller and Treasurer.
Prepare cash reports and accounting records for financial statements.
Review refund requests and expenditure refunds.
Provide backup and technical support for Treasury Operations.
Perform other duties as assigned.