Treasury and Investment Accountant

City of New York • New York City, NY

3d

About The Position

This role supports the Treasury function and investment activity. The Treasury and Investment Accountant will maintain the investment portfolio, calculate accrued interest and coupon payments for fixed income securities, and post GL journals. They will process investment activity such as Repos, government securities purchases, and maturities in JPM Markets, generating reports and posting GL journals. The position involves performing computations and examining reports to verify collateral coverage for deposit balances per HUD requirements. Additionally, the role includes collecting and booking monthly interest accruals for all NYCHA bank accounts in the GL, working closely with the Cash Management Team on investment settlement, independently verifying the validity of accounting information, communicating findings to the supervisor, documenting all processes, and proactively seeking workflow efficiencies. Secondary responsibilities include keeping supporting documentation organized, monitoring, recording, and reconciling securities custodian accounts, and ensuring timely payment of debt service/loan obligations. The role also supports investment decisions by compiling rate data from counterparties and Bloomberg, and undertaking special projects/analysis as assigned by the Deputy Director.

Requirements

• A baccalaureate degree from an accredited college or university, accredited by regional, national, professional or specialized agencies recognized as accrediting bodies by the U.S. Secretary of Education and by the Council for Higher Education Accreditation (CHEA), including or supplemented by 24 semester credits in accounting, including one course each in advanced accounting and auditing; or
• A valid New York State Certified Public Accountant license.
• To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one year of experience as an Accountant - Assignment Level I or at least two years of satisfactory full-time professional accounting or auditing experience.

Responsibilities

• Understand Treasury function and supports investment activity.
• Maintain Investment Portfolio, calculating accrued interest and coupon payments for fixed income securities and posting GL journals.
• Process investment activity (Repos, government securities purchases and maturities) in JPM Markets, generating reports and posting GL journals.
• Perform computations and examines reports to verify collateral coverage for deposit balances per HUD requirements.
• Collect and book in GL monthly interest accruals for all NYCHA bank accounts.
• Work closely with Cash Management Team on investment settlement.
• Independently verify validity of accounting information and communicates to the supervisor.
• Document all processes performed in this role.
• Proactively seek workflow efficiencies.
• Keep all supporting documentation in well-organized files.
• Monitor, record and reconcile securities custodian accounts and timely payment of debt service/loan obligations.
• Support investment decisions by compiling data on rates from counterparties and Bloomberg.
• Special projects/analysis, as assigned by Deputy Director.

Benefits

• a choice of medical coverage plans
• deferred compensation plans
• a defined pension benefit plan as a member of the New York City Employees’ Retirement System (NYCERS)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level