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 highly complex receivables units critical to supporting the California State Teachers' Retirement System (CalSTRS) organization. The incumbent directs the complex receivable units which includes pension, administrative and investment related receivables and collection and leads the efforts to establish and implement accounting policies. This includes researching factors influencing CalSTRS' policies, financial reporting standards relating to pension program for compliance with the General Accepted Accounting Principle (GAAP) framework, operational standard for compliance of State Administrative Manual (SAM), as well as working with other CalSTRS branches and external agencies to propose, interpret and implement laws and governing legislation and ensure compliance, and planning and directing professional level managers for all accounting activities associated with receivables. 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.
