Debt Accountant

State Treasurer • Wake County, NC

2d

About The Position

The Accounting III position is responsible for accounting and financial reporting duties for the State of North Carolina's debt service and leads the project to complete the annual Enhancing Accountability in Government through Leadership and Education (EAGLE) program to analyze and test internal controls within the Department. This position has extensive interaction with the State and Local Government Finance Division (SLGFD) staff, the Office of State Budget and Management (OSBM), and various branches of the Office of State Controller (OSC) to ensure the proper recording of balances owed by the State.

Requirements

• Four years of experience performing general accounting, auditing, or financial reporting activities.
• Proficiency in Microsoft Excel and Word.
• Bachelor’s degree in accounting, or a degree in business administration, finance, or public administration or a related discipline from an appropriately accredited institution with 18 semester hours of accounting coursework; and four years of professional accounting/auditing experience in the preparation of interpretive or analytical accounting/ financial statements and reports.
• Equivalent combination of education and experience.

Nice To Haves

• Experience or knowledge in the principles and practices of public administration and governmental accounting.
• Experience or knowledge in the financial structure, accounting system, and financial procedures of the State of North Carolina.

Responsibilities

• Prepares all transfers and requisitions for debt service principal and interest requirements and posts the payments to the debt service accounts promptly.
• Records all new debt immediately after settlement of the bonds at closing, including all debt-related expenses related to new debt and the ongoing maintenance of bank accounts for debt proceeds.
• Develops and maintains up-to-date schedules of outstanding bonds and the amounts owed for principal and interest for debt service.
• Assists in year-end and monthly close-out of all budget codes and funds and prepares all long-term debt note disclosures for inclusion in the State’s Annual Comprehensive Financial Report (ACFR).
• Requests, processes, and records weekly draws of all General Obligation debt proceeds through the trustee bank.
• Receives, analyzes, and interprets all transactions involving debt, including creating the necessary files, to maintain documentation of those transactions for audit purposes. This includes the preparation of policies and procedures related to debt processes.
• Research the accounting requirements for all new and existing debt to ensure that all transactions are recorded properly and in accordance with GASB standards.
• Leads the EAGLE project, including the identification, along with management, of accounts and processes that are most at risk for financial reporting.

Benefits

• NC State Health Benefits: The State of North Carolina offers excellent comprehensive benefits.
• Employees can participate in health insurance options, standard and supplemental retirement plans, and the NC Flex program (numerous high-quality, low-cost benefits on a pre-tax basis).
• Employees also receive paid vacation, sick, and community service leave.
• In addition, paid parental leave is available to eligible employees.

What This Job Offers

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