Principal Accountant

City of Pomona•Pomona, CA

22h•Onsite

About The Position

The City of Pomona is seeking an experienced and highly skilled accounting professional to join the Finance Department as a Principal Accountant. This recruitment is open to both external applicants and eligible City employees. In this key role, the Principal Accountant performs advanced and specialized governmental accounting duties, oversees critical accounting processes and programs, and supports the Finance Department’s leadership team. The position is responsible for complex financial analysis, budgeting, auditing, financial reporting, and accounting activities related to the Successor Agency, Pomona Public Financing Authority, and capital improvement projects.

Requirements

Bachelor's degree from an accredited college or university with major course work in accounting or a related field.
Five (5) years of responsible accounting experience, including two (2) years government accounting experience.
Possess or obtain a valid CA Class "C" driver's license.

Nice To Haves

Experience with Successor Agency activities, capital improvement projects, bond financing, and governmental audits is highly desirable.
Possession of a Certified Public Accountant (CPA) license.

Responsibilities

Provide professional, specialized, complex, and advanced journey level staff assistance and coordination in support of accounting functions and programs.
Participate in the development and implementation of complex, new, or revised accounting programs, systems, procedures, and methods of operation.
Participate in the preparation and administration of budgets; provide fiscal forecasting; maintain and monitor appropriate budgeting and expenditure controls.
Research, collect, compile, and analyze information from various sources on a variety of specialized accounting topics; prepare comprehensive accounting records, reports, and summaries to present and interpret data, identify alternatives, and make and justify recommendations.
Audit account numbers and balance appropriations available for financial demands and purchase orders; review account balances and entries for errors; make journal entries.
Review staff reports and resolutions for the Successor Agency and CIP; make corrections to staff reports and resolutions and coordinate necessary staff report changes with initiating department.
Monitor Successor Agency and Pomona Public Financing Authority bond activity; participate in the issuance of bonds; draw bond proceeds to reimburse related projects.
Prepare entries to record revenues, wire transfers, make payments to assessment districts, and correct expenditures.
Monitor and balance various accounts verifying availability of funds and classification of expenditures; research and analyze transactions to resolve problems.
Record year-end entries for Successor Agency and Pomona Public Financing Authority; work with auditors to provide details about records; review audit drafts for the Successor Agency and the Pomona Public Financing Authority.
Prepare the Controller's Report for the Pomona Public Financing Authority.
Perform cash flow analyses.
Review general ledger transactions.
Develop financial statements; audit accounting documents; analyze accounting and reporting requirements of reports; establish appropriate accounting procedures; prepare accounting-related reports.
Initiate journal entries to record transactions; collect and compile information for capital improvement studies; prepare summaries, reports and recommendations.
Perform related duties and responsibilities as assigned.