Assistant Director of Receivables, Billings, and Contributions
LINK TO APPLY HERE: https://calcareers.ca.gov/CalHrPublic/Jobs/JobPosting.aspx?JobControlId=478936
The CalSTRS Accounting Division is seeking a motivated individual to work as a Financial Accountant IV on the Receivables, Billings, & Contributions 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 general direction of the Director of Accounting, the Assistant Director of Receivables, Billing, and Contributions (ADRBC) provides leadership and strategic oversight of four key accounting functions critical to supporting the California State Teachers’ Retirement System (CalSTRS) organization: 1) Accounts Receivables, 2) Service Credit Purchase & Billings, 3) Refunds and 4) Contributions.
The ADRBC leads and directs efforts to establish and implement CalSTRS’ accounting policy. This includes identifying and researching factors influencing policies, financial reporting standards for pension contributions in compliance with Generally Accepted Accounting Principles (GAAP), error and fraud controls, contribution revenues (approximately $14 billion annually), receivables and collections and pension reserve accounts. The incumbent is responsible to direct the formulation and implementation of policies related to evolving accounting standards, operational practices, and regulatory changes.
The ADRBC works collaboratively with senior leadership across CalSTRS to implement policies and other changes, particularly those related to fiscal reporting and disclosures for actuarial value of the retirement contributions, as well as policies related to controls designed to prevent errors in contribution collections. In addition, the ADRBC provides input to cash flow projections to ensure funds are available for payments. This role also involves evaluating and communicating the impact of changes in accounting standards to Accounting Director, Chief Financial Officer, and Executive management Team, and advising on CalSTRS’ position in response to regulatory or legislative developments.
The ideal candidate will possess the following skills:
- Progressive experience in financial accounting and reporting and/or oversight of internal and external accounting control functions.
- Knowledge of accounting principles and procedures.
- Ability to communicate effectively, both orally and in writing, with all levels of staff and management, other CalSTRS employees, our members, and their beneficiaries.
- Strong project management experience or proven ability to lead, monitor and measure the completion of multiple projects.
- Valid Certified Public Accountant (CPA) license.
- Ability to prepare and present technical information in a format suitable for management/board reporting.
- Ability to analyze complex problems, draw sound conclusions, and make clear and concise recommendations.
