FINANCIAL ACCOUNTANT II

State of California•Sacramento, CA

43d•Hybrid

About The Position

This position is being re-advertised. Those who have previously applied are still being considered and do not need to reapply. The CalSTRS Accounting Division is seeking a motivated individual to work as a Financial Accountant II in the Contributions Unit. Under the general supervison of the Senior Manager of Contributions and Refunds, (FA III), the Contributions Manager is responsible for planning, organizing, and directing the work of technical and professional staff in the System Operations Unit and the Analysis Unit through subordinate supervisors, and oversees the general contributions processes. The incumbent directs the comprehensive analysis and operations of the CalSTRS contribution accounts. The Contributions manager directs the complex collections of contributions of approximately $13 billion annually, from direct report sources which entail payroll data (creditable earning) from over 1,750 school employers and the State to ensure contributions are calculated correctly and remitted timely. Additionally, the manager directs complex contribution reporting to 1,750 school employers and the State to meet financial reporting requirements and regulatory compliance. The incumbent is also responsible for billing and collecting additional contributions of approximately $4 billion annually from the State of California for their portion of the contribution as specified under the Education Code. The incumbent leads the highly complex efforts to establish and implement accounting policies and processes for contributions revenue recognition and the associated Penalty and Interest programs. This includes evaluating and implementing new accounting standards under the General Accepted Accounting Principle (GAAP) framework, working with other CalSTRS branches and external agencies to propose, interpret and implement laws and governing activities associated with contribution revenue. The incumbent also acts as a technical expert and manages all non-recurring project activities assigned to the business area, including design, execution, testing, and maintaining the system related to contribution revenue function. 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. Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now. You will find additional information about the job in the Duty Statement.

Requirements

Extensive supervision and management experience with the ability to effectively manage a team of accounting professionals
Progressive experience in operational accounting, oversight of internal and external accounting control functions as it relates to Accounts Receivable and familiar with Generally Accepted Accounting Principles (GAAP).
Experience utilizing SAP, or similar enterprise resource planning system as well as exposure to complex proprietary system like pension system.
Knowledge and experience with compliance of pension laws, rules and regulations.
Strong project management experience or proven ability to lead, monitor and measure the completion of multiple projects.
Experience identifying and providing recommendations, and acting as a subject matter expert (SME) on special projects.

Responsibilities

planning, organizing, and directing the work of technical and professional staff in the System Operations Unit and the Analysis Unit through subordinate supervisors, and oversees the general contributions processes
directs the comprehensive analysis and operations of the CalSTRS contribution accounts
directs the complex collections of contributions of approximately $13 billion annually, from direct report sources which entail payroll data (creditable earning) from over 1,750 school employers and the State to ensure contributions are calculated correctly and remitted timely
directs complex contribution reporting to 1,750 school employers and the State to meet financial reporting requirements and regulatory compliance
responsible for billing and collecting additional contributions of approximately $4 billion annually from the State of California for their portion of the contribution as specified under the Education Code
leads the highly complex efforts to establish and implement accounting policies and processes for contributions revenue recognition and the associated Penalty and Interest programs
evaluating and implementing new accounting standards under the General Accepted Accounting Principle (GAAP) framework, working with other CalSTRS branches and external agencies to propose, interpret and implement laws and governing activities associated with contribution revenue
acts as a technical expert and manages all non-recurring project activities assigned to the business area, including design, execution, testing, and maintaining the system related to contribution revenue function