Accounts Payable Accountant II

State of Maryland • Baltimore City, MD

2d • Hybrid

About The Position

Maryland's Family and Medical Leave Insurance (FAMLI) program is a new social insurance system designed to provide paid time off for medical and family reasons to approximately 2.6 million workers and 180,000 employers across Maryland. This digitally native, public-facing service is being built from the ground up, similar in scale to established programs like unemployment insurance or a new health department. The Financial Services Directorate is tasked with establishing and maintaining an efficient financial system for the FAMLI Division, including robust internal controls and financial procedures. This directorate is responsible for safeguarding FAMLI funds, managing contributions and benefit payouts, developing financial reports, preparing budgets and projections, and conducting internal and external audits. The Accounts Payable Accountant II is a critical member of the Accounting Team within the Financial Services Directorate. This role will collaborate closely with the Accounts Payable Supervisor to examine, analyze, and interpret accounting systems, records, and reports. The position requires applying generally accepted accounting principles to maintain and modify FAMLI's accounting systems, prepare financial reports and statements, and provide fiscal advice. Key responsibilities include managing accounts payable and bank funds, performing reconciliations, and generating financial analyses to support team closings and ensure audit compliance. The ideal candidate will possess the financial acumen to offer insightful recommendations to stakeholders and contribute to FAMLI's fiscal health and operational success. This is an opportunity for a proactive financial professional passionate about public service.

Requirements

• A bachelor's degree in accounting from an accredited college or university, including or supplemented by three credit hours in auditing.
• Two years of experience examining, analyzing, and interpreting accounting systems, records, and reports by applying generally accepted accounting principles.

Nice To Haves

• Two years of experience reviewing and processing vendors' invoices.
• Two years of experience assisting with audit documentations.
• Two years of experience preparing and presenting financial reports.
• Two years of experience preparing accounts reconciliations.

Responsibilities

• Review and process vendor invoices, claimant benefits payments, grant disbursements, refunds, and other authorized payments in accordance with state accounting policies, FAMLI procedures, and applicable regulations.
• Prepare routine journal entries and maintain accounts payable records and supporting documentation to ensure accurate and complete financial records.
• Perform routine reconciliations of accounts payable transactions and research discrepancies, escalating complex issues as appropriate.
• Collaborate with all members of the Financial Services team to ensure tasks related to daily, monthly, quarterly, and annual closing are completed, including preparing accruals, reconciling general ledger and subledger accounts, and preparing schedules and reports.
• Assist with the management of all the bank accounts, resolve transaction issues, and ensure sufficient funds are available for daily benefits payouts and operational needs.
• Prepare financial analysis and reports on benefit payouts, refunds, and tax withholdings to identify trends, discrepancies, and processing errors.
• Support internal and external audits by gathering requested documentation and maintaining organized financial records.

Benefits

• Flexible hours and hybrid teleworking
• 12-13 paid holidays per year
• Generous paid leave package (annual, sick, personal, and compensatory leave)
• State Pension ("defined benefits" plan)
• Tax-deferred supplemental retirement savings plans (401(k) and 457)
• Free Parking
• Comprehensive, subsidized health, dental, and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
• Flexible Spending Account plans for health care and daycare
• State Employees Credit Union

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level