FINANCIAL ACCOUNTANT III
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About The Position
The CalSTRS Accounting Division is seeking a motivated individual to work as a Financial Accountant III on the Receivable, Billings & Collections Team. The Operational Accounting Division is comprised of three units: Billings and Collections, Disbursements and Taxes, and Contributions. These areas focus on accounting for CalSTRS 'cash collection' cycle; 'procure to pay' cycle, 'disbursement' cycle (specifically timely distribution of retirement checks as well as issuing member refunds), as well as, accounting for contribution activities. Under the direction of the Assistant Director of Receivable, Billings, and Contributions (FA IV), the Senior Manager leads and manages two highly complex units critical to supporting the California State Teachers' Retirement System (CalSTRS) organization: Contributions and Refunds. The incumbent directs the complex contributions recognition and collection program of approximately $17 billion annually, from direct report sources with over 1,750 school employers and the State of California. Additionally, the manager directs the high-risk Refunds program to provide quality assurance on disbursement of trust fund as specified under the Teachers' Retirement Law Education Code. The incumbent leads the efforts to establish and implement accounting policies impacting the two units. This includes researching factors influencing CalSTRS' policies and financial reporting standards relating to pension program for compliance with the General Accepted Accounting Principle (GAAP) framework. Work with other CalSTRS branches and external agencies to propose, interpret and implement laws and governing legislation and ensure compliance. Plan, and direct professional level managers for all accounting activities associated with contribution revenue and Refunds. The incumbent reviews changes to accounting requirements and regulations, Teachers' Retirement laws and prepare explanatory information of the changes and their impact on CalSTRS to senior management.
