Performs highly advanced (senior-level) fundamental investment accounting research and analysis work. Work involves conducting investment accounting research and analyses on all fixed income products and evaluating investment accounting operations and reporting to ensure that fixed income investment positions, transactions, and results are accounted for and reported in accordance with industry standards. Other duties include reconciliation of investment accounting data with the reports prepared by the Financial Accounting and Reporting group. Works under minimal supervision with extensive latitude to use initiative and independent judgment.
Establishes department processes to ensure accuracy, timeliness and validity of posting of all aspects of securities transactions including but not limited to trading activity, principal and income transactions, and corporate actions. Works with Internal Investment and Investment Accounting staff to ensure the accuracy of accounting and financial reporting data in the investment and reporting systems. Analyzes and develops daily, weekly, and/or monthly reconciliations and verification process of investment positions, market values, book values, amortizations, income accruals, yield calculations, transaction posting, and performance. Reviews securities data in the accounting and performance systems. Develops and documents procedures and controls. Prepares and/or oversees the preparation of investment and financial reports, including valuation reports, income earnings and accruals, gains and losses, trading activity reports, performance reports, and other reports as needed. Performs other duties related to analysis and research of investments or investment accounting topics as assigned. May represent the department or agency at business meetings, legislative sessions, conferences, and seminars or on boards, panels, and committees.
EXPERIENCE: Five (5) to seven (7) years of full-time work experience in accounting or finance.
PREFERRED EXPERIENCE: • Five (5) to seven (7) years of experience in investment banking, investment operations or back-office. • Five (5) to seven (7) years of experience in investment accounting, investment research, or quantitative analysis.
SUBSTITUTIONS: One (1) additional year of experience working in investment research, analysis, or consulting may substitute for each year (30 semester hours) of the required education with a maximum of 120 semester hours (four years).
LICENSES/CERTIFICATIONS: Certification in or working toward one or more of the following designations is preferred: • Chartered Financial Analyst (CFA) • Certified Public Accountant (CPA)
PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
This position requires the incumbent to primarily perform sedentary office work; however, mobility (standing and walking) is routinely required to carry out some duties. It requires extensive computer use. It requires the ability to bend, stoop, kneel, and reach as needed for filing and similar routine office duties. This job also requires normal cognitive abilities requiring the ability to learn, recall, and apply certain practices and policies. It requires the stamina to maintain attention to detail despite interruptions. Marginal or corrected visual and auditory requirements are required for reading printed materials and computer screens and communicating with internal and external customers. May involve moving up to 25lbs of office equipment/materials on a limited basis. The position may require travel to outlying field offices and other locations as necessary. Air and ground travel are required.
KNOWLEDGE SKILLS AND ABILITIES: KNOWLEDGE OF: • investment concepts, terminology, processes, securities markets, asset types, investment research, fixed income security characteristics, interest accruals, amortization and accretion of fixed income securities, corporate action, accounting of fixed income investments, analysis and reconciliation of financial information • investment accounting on short-term fixed income securities and derivatives such as U.S. Treasuries, repurchases agreements, commercial papers, bankers’ acceptance, mortgage-backed securities, and asset-backed securities • investment and financial reporting standards, including the Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) pronouncements.
SKILLS IN: • financial modeling • establishing plans and setting objectives and goals that support on overall business strategy • using advanced features in Excel spreadsheets • using complex accounting systems such as QED, SimCorp Dimension, etc. • completing detailed work with a high degree of accuracy • effectively conveying information and encouraging an exchange of ideas (Communication) • identifying, defining and solving problems (Problem Solving)
ABILITIES TO: • direct and organize program activities; establish program goals and objectives that support the strategic plan; identify problems, evaluate alternatives, and implement effective solutions; develop and evaluate policies and procedures; prepare reports; communicate effectively; and plan, assign, and supervise the work of others • exercise attention to detail • exercise sound judgement in making critical decisions • gather and interpret relevant data and information • work with others to achieve a common goal (Teamwork) • adjust to changing workplace demands (Adaptability) • meet the needs and expectations of internal and external customers (Customer Service) • effectively demonstrate skill and ability to perform the specific job duties and tasks as defined by a job description (Technical Competence) • be dependable, meet deadlines and produce high-quality work (Workload Management/Productivity)
In order to receive veteran’s preference a copy of your DD214, VA disability rating (if applicable) or a DD1300 must be attached to your application.
Veterans, Reservist or Guardsmen, please call Human Resources, CPA Veterans Liaison at 512-475-3560/800-531-5441 for more information or assistance.
We fully recognize, honor and enforce the Uniformed Services Employment and Reemployment Rights Act (USERRA) and encourage opportunities to hire Veterans, Reservists and Guardsmen.
IMPORTANT NOTES TO THE CANDIDATE: Candidates may be asked to participate in a skills demonstration and/or presentation.
Salary is contingent upon qualifications and is subject to salary administration and budgetary restrictions.
CPA employees in the same job classification, if selected, will be laterally transferred with no increase in salary. (An example might be an Accounts Examiner III in Revenue Administration who moves to an Accounts Examiner III in the Enforcement division.)
Complete copies of college transcripts must be furnished to the divisional hiring representative at the time of the interview for positions requiring a college degree, and/or specific educational credits.
Unless otherwise indicated on specific postings, regular attendance is an essential job requirement of all positions. Your application for employment with the Comptroller of Public Accounts may subject you to a criminal background check. All positions requiring a degree and/or licensing require proof of degree and/or license at time of interview. If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request. Only applicants scheduled for interviews will be contacted.
Thank you for considering employment at the Comptroller of Public Accounts! The Comptroller’s office is an equal employment opportunity employer.
Internal Number: 00010827
About Texas Treasury Safekeeping Trust Company
The Texas Treasury Safekeeping Trust Company is a special purpose trust company whose mission is to preserve and grow the State's financial resources by competitively managing and investing them in a prudent, ethical, innovative and cost-effective manner while focusing on client needs. The Texas Treasury Safekeeping Trust Company invests, manages, and oversees approximately $80 billion in assets. Investments include cash-equivalent funds such as the Texas Treasury Pool and separately managed portfolios for various Texas state agency clients.
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