About The Position

This is professional services work in the Department of Administrative and Financial Services, Office of the State Controller that focuses on querying/analyzing data, preparing financial statements and compiling the State’s Annual Comprehensive Financial Report (ACFR) according to generally accepted account principles (GAAP) and the Federal Uniform Guidance. Responsibilities include: querying, compiling and analyzing significant data; preparing accurate financial information, including required and extensive notes; making accounting adjustments, appropriately categorizing and summarizing them; and, designing, implementing and overseeing statewide accounting policies and procedures, and year-end closing procedures. Additional responsibilities include acting as a liaison to provide leadership and expert technical guidance to chief financial officers at State agencies and Component Units on accounting policies and procedures.

Requirements

  • Knowledge of GAAP.
  • Knowledge of state and federal laws, rules, and regulations applicable to preparation of the Annual Comprehensive Financial Report.
  • Knowledge of Pension and Other Post Employment Benefit (OPEB) accounting and reporting requirements.
  • Knowledge of accounting systems and data warehouses for large government units.
  • Knowledge of accounting and auditing theories, principles, and practices.
  • Knowledge of governmental accounting and financial reporting.
  • Proficiency in the development and use of complex spreadsheets.
  • Ability to develop and implement policies and procedures.
  • Ability to understand and stay current with Government Accounting Standards Board (GASB) pronouncements and revisions.
  • Ability to understand complex financial accounting systems.
  • Ability to prepare complex financial reports.
  • Ability to analyze and evaluate accounting systems, methods, procedures and other control mechanisms.
  • Ability to research laws, regulations, and highly technical accounting issues and offer sound advice.
  • Ability to work with a variety of people from different professions.
  • Ability to communicate effectively orally and in writing.
  • Successful completion of all sections of the CPA or CIA exam and four years’ experience preparing and/or auditing complex financial statements.

Nice To Haves

  • A thorough knowledge of governmental accounting and financial reporting.
  • Expertise in both GAAP & GASB.
  • A demonstrated ability to research laws, regulations and highly technical accounting issues to develop implementation policies and offer sound advice to executive managers.
  • Proficiency with complex spreadsheets, large data warehouses and comprehensive data analysis.
  • Exceptional oral and written communication skills.

Responsibilities

  • Reviews, analyzes, and develops financial information to prepare the ACFR in compliance with GAAP.
  • Develops, implements, and oversees statewide accounting policies and procedures in order to ensure state financial statements comply with GAAP.
  • Analyze and prepare year-end journal entries, Required Supplementary Information schedules and Statistical Schedules for Pensions and Other Post Employment Benefits.
  • Develops, prepares, and implements year-end closing procedures and instructions for state agencies and quasi-state agencies to ensure accurate and appropriate financial information is submitted.
  • Receives and analyzes financial information to adjust year-end trial balance in accordance with GAAP.
  • Manages special projects to ensure appropriate policies and procedures are used in the development of financial information.
  • Provides leadership and expert technical advice to agencies and component units on all matters pertaining to Governmental Accounting and Financial Reporting.
  • Queries, compiles, summarizes and analyzes significant data to advise others, draw conclusions and make recommendations.

Benefits

  • Work-Life Balance – Rest is essential. Take time for yourself using 13 paid holidays, 12 days of sick leave, and 3+ weeks of vacation leave annually. Vacation leave accrual increases with years of service, and overtime-exempt employees receive personal leave.
  • Health Insurance Coverage – The State of Maine pays 85%-100% of employee-only premiums ($11,857.68-$13,950.24 annual value), depending on salary.
  • Health Insurance Premium Credit – Participation decreases employee-only premiums by 5%.
  • Dental Insurance – The State of Maine pays 100% of employee-only dental premiums ($365.28 annual value).
  • Retirement Plan – The State of Maine contributes 18.91% of pay to the Maine Public Employees Retirement System (MainePERS), on behalf of the employee.
  • Gym Membership Reimbursement – Improve overall health with regular exercise and receive up to $40 per month to offset this expense.
  • Health and Dependent Care Flexible Spending Accounts – Set aside money pre-tax to help pay for out-of-pocket health care expenses and/or daycare expenses.
  • Public Service Student Loan Forgiveness – The State of Maine is a qualified employer for this federal program.
  • Living Resources Program – Navigate challenging work and life situations with our employee assistance program.
  • Parental leave is one of the most important benefits for any working parent. All employees who are welcoming a child—including fathers and adoptive parents—receive forty-two (42) consecutive calendar days of fully paid parental leave. Additional, unpaid leave may also be available, under the Family and Medical Leave Act.
  • Voluntary Deferred Compensation – Save additional pre-tax funds for retirement in a MaineSaves 457(b) account through payroll deductions.
  • State employees are eligible for an extensive and highly competitive benefits package, covering many aspects of wellness.

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What This Job Offers

Job Type

Full-time

Career Level

Mid Level

Education Level

No Education Listed

Number of Employees

5,001-10,000 employees

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