Fiscal Analyst 2-4 encouraged to apply
We are recruiting to fill one position at the Fiscal Analyst 2 (FA2), Fiscal Analyst 3 (FA3), or Fiscal Analyst 4 (FA4) level. We will train all new hires to meet agency specific requirements.Salary placement depends on qualifications. The salary ranges are:
Fiscal Analyst 2 - $3,811.00 - $5,117.00* monthly
Fiscal Analyst 3 - $4,410.00 - $5,929.00* monthly
Fiscal Analyst 4 - $4,865.00 - $6,539.00* monthly
*The high end of the salary range, step M is typically a longevity step
About us: The Office of the State Treasurer (OST) is the bank for the Washington state government. OST provides banking, investment, debt issuance, and accounting services for state government and plays a major role in providing financial services to local government. The agency has a staff of approximately 70 employees committed to promoting and maintaining public trust and confidence through consistent application of responsible financial practices, quality customer service, and continuous efforts to improve agency efficiency and productivity.
Opportunity: The Office of the State Treasurer is seeking a Fiscal Analyst for the Investment Accounting Unit. This position works alongside a team of dedicated accountants specialized in investment accounting to serve state agencies and local governments by maintaining the official records of ownership and accounting for investment transactions. As the Fiscal Analyst you will perform daily review and analysis of financial data and play a significant role in ensuring prudent management of public funds. Within OST, investment accounting is performed for the Local Government Investment Pool (LGIP), the state’s core investment portfolio for the state bank accounts, and investment portfolios for the Separately Managed Accounts (SMAs) program. Our fiscal analysts work collaboratively and rotate tasks to provide opportunities for cross-training and peer-to-peer support.
What we are looking for: The ideal candidate will be detail oriented, with critical thinking and problem-solving skills and a background in accounting, auditing or finance. In addition, they will be coachable with the ability to learn complex concepts quickly, have effective written communication skills, excellent time management and organizational skills, and the aptitude to independently research and analyze fiscal data.
What you will do:
- Independently maintain and monitor investment accounting records in the agency’s accounting system and the statewide accounting system (currently Agency Financial Reporting System, AFRS)
- Review and verify daily investment activity against source documentation for investment purchases, sales and other transactions
- Reconcile previous days’ transactions between accounting systems and ensure compliance with rules and regulations
- Determine the daily factor (earnings rate) that is used to apply the earnings to each participant's investment in the LGIP. This daily process involves complex calculations including daily net earnings, estimated expenses, actual expenses, and adjustments
- Maintain schedules, worksheets, and accounting documents designed to ensure accounting data is accurate, complete, and in compliance with the United States Generally Accepted Accounting Principles (GAAP) and the Washington State Administrative and Accounting Manual (SAAM)
- Assist with audit reviews and preparation of monthly and annual reports
- Collaborate with the accounting team to prepare for and implement accounting changes as required by GASB
- Communicate with OST’s Investment Division, Cash Management Division, and contracted custodial banks to resolve issues and/or implement new processes
- Assist with preparing for an accounting system conversion from AFRS to Workday
Any combination of education and/or work experience that includes college and/or professional level training in accounting, auditing, or budgeting and one to four years of relevant experience.
A master’s degree in a financial related field, certification as a Public Accountant, Internal Auditor, Certified Governmental Financial Manager or Management Accountant can be substituted for professional experience.
In addition to the required qualifications, skills demonstrated in the following areas are of interest:
- Experience using Excel, including V-Lookup and Pivot Tables
- Experience interpreting fiscal documents for compliance with GAAP and GASB
- Experience in resolving discrepancies and taking corrective action
- Knowledge of Washington State and state agency accounting policies
How to apply: In addition to completing the online application and supplemental questions applicants must attach to their profile an up-to-date resume and a cover letter detailing your interest in the position and your relevant skills and experience.
A background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the candidates' suitability and competence to perform in the position.
Location, Hours, Salary & Benefits: The OST takes pride in being a family-friendly and healthy work environment. The OST operates on a standard work week, Monday through Friday with the core business hours of 8:00 am to 5:00 pm. The duty station for this position is in Olympia, Washington, within the Helen Sommers Building located on the Capitol Campus.
All OST employees are required to work in the office for a minimum of two days per month. The remainder of your work schedule is determined by your position requirements. This position will require you to work in the office regularly during the first 6 months of employment. This position is eligible for teleworking. The incumbent will work with their supervisor to identify an appropriate work schedule and balance between remote and in person work based on operational need and employee preference.
Salary placement depends on qualifications. The salary ranges are:
Fiscal Analyst 2 - $3,811.00 - $5,117.00* monthly
Fiscal Analyst 3 - $4,410.00 - $5,929.00* monthly
Fiscal Analyst 4 - $4,865.00 - $6,539.00* monthly
*The high end of the salary range is typically a longevity step
Benefits: Washington State offers a competitive benefits package. Beyond the traditional benefits such as health insurance, life insurance and retirement benefits, we offer flex spending accounts, dependent care assistance, deferred compensation, 12 paid holidays, paid vacation, and sick leave. Click on the “Benefits” tab near the top of the page to learn more.
Equal Employment Opportunity (EEOC): OST is an equal opportunity employer; committed to providing employees with a work environment free of discrimination and harassment. OST provides equal access and opportunity to anyone who qualifies regardless of immigration status, on the bases of race, color, religion, national origin, sex (including pregnancy and related conditions, sexual orientation, or gender identity), age (40 and older), disability, genetic information (including employer requests for, or purchase, use, or disclosure of genetic tests, genetic services, or family medical history) retaliation for filing a charge, reasonably opposing discrimination, or participating in a discrimination lawsuit, investigation, or proceeding.
Recruitment access, assistance and contact information: For questions about this recruitment or for applicants in need of assistance during the application process, please contact Nadine Sordahl at (360) 902-8919 or via email to nadine.sordahl@tre.wa.gov. TTY users should first call 711 to access the Washington Relay Service.
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