Senior Manager, Contributions & Refunds
The CalSTRS Accounting Division is seeking a motivated individual to work as a Financial Accountant III on the Receivable, Billings & Collections 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 direction of the Assistant Director of Receivable, Billings, and Contributions (FA IV), the Senior Manager leads and manages two highly complex units critical to supporting the California State Teachers’ Retirement System (CalSTRS) organization: Contributions and Refunds.
The incumbent directs the complex contributions recognition and collection program of approximately $17 billion annually, from direct report sources with over 1,750 school employers and the State of California. Additionally, the manager directs the high-risk Refunds program to provide quality assurance on disbursement of trust fund as specified under the Teachers’ Retirement Law Education Code.
The incumbent leads the efforts to establish and implement accounting policies impacting the two units. This includes researching factors influencing CalSTRS’ policies and financial reporting standards relating to pension program for compliance with the General Accepted Accounting Principle (GAAP) framework. Work with other CalSTRS branches and external agencies to propose, interpret and implement laws and governing legislation and ensure compliance. Plan, and direct professional level managers for all accounting activities associated with contribution revenue and Refunds. The incumbent reviews changes to accounting requirements and regulations, Teachers’ Retirement laws and prepare explanatory information of the changes and their impact on CalSTRS to senior management.
The ideal candidate will possess the following skills:
- Progressive experience in operational accounting, oversight of internal and external accounting control functions and familiar with Generally Accepted Accounting Principles (GAAP)
- Experience in managing multiple operational units with complex processes
- Experience utilizing SAP, or similar enterprise resource planning system as well as exposure to complex proprietary system like pension system
- Knowledge and experience with legislation process and experience with compliance of pension laws, rules and regulations
- Strong project management experience or proven ability to lead, monitor and measure the completion of multiple projects
- Experience identifying and providing recommendations, and acting as a subject matter expert (SME) on special projects
Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.
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Position: |
Senior Manager, Contributions & Refunds |
| Organization: |
State Teachers' Retirement System |
| Location: |
West Sacramento, CA
United States
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| Salary: |
$10,220.00 - $11,605.00 per Month |
| Posting Start Date: |
6/10/2025 |
| Date Posted: |
6/10/2025 |
| Requirements |
Exam
This position requires a current Financial Accountant III Exam. If you need to take the exam or if your score has expired, click here to gain list eligibility.
Background Investigation
Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.
CalSTRS Disclosure Requirements
This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700).
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: 6/24/2025
Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list or LEAP eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply.
Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).
How To Apply
Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
State Teachers' Retirement System
N/A
Attn: Recruitment
P.O. Box 15275, MS 31
Sacramento, CA 95851-0275
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
State Teachers' Retirement System
N/A
CalSTRS, Attn: Recruitment
100 Waterfront Place
West Sacramento, CA 95605
08:00 AM - 05:00 PM
Required Application Package Documents
The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:
- Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
- Resume is required and must be included.
- Other - A Cover Letter is required and must be included.
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.
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| Status: |
This listing expires on: 8/9/2025 |
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