The City of Seattle's Finance & Administrative Services Department (FAS) is seeking a Principal Accountant to serve as a key member of the Citywide Accounting Operations team. The team is responsible for centralized accounting functions, such as cash and debt management, which are not performed by individual City departments. The team’s members play a crucial role in strengthening the City’s internal control environment and building strong relationships across departments. Team members also support production of the City’s Comprehensive Annual Financial Report (CAFR) and various financial monitoring activities.
Serve as accounting expert for bonds and other long-term debt, to include:
Overseeing bond debt service payments, ensuring correct and timely cost allocation
Recording bond opening entries and refunding transactions
Preparing reconciliations, adjusting journals, and continuing disclosures
Gathering data for arbitrage calculations
Coordinating with the City’s Debt Manager, Treasury, and City Budget Office
Reconcile operating transfers and interfund transactions across all City funds
Administer petty cash funds, including organizing and managing year end counts and reconciliations
Reconcile and distribute costs of the City’s employee transportation benefit (ORCA cards)
Fill in for Accounting Operations Manager during absences
Guide and train staff in City departments to adhere to best practices and financial policies
Mentor and assist other accounting staff within the unit
Improve, streamline, and automate various accounting processes
Minimum Qualifications: *
Bachelor's degree in Accounting, Business Administration, or related field (requires satisfactory completion of at least 24 semester hours or 36 quarter credit units in accounting with no substitution allowed) and/or
Professional certification as a CPA
Four (4) years of professional experience in accounting, auditing, financial analysis, or related work, including
One (1) year experience equivalent to a Senior Accountant
*Candidates not meeting stated education or experience requirements may be considered based on a combination of education and/or training and/or experience which provides an equivalent background required to perform the work of the class. Desired Qualifications:
Professional certification (CPA, CGFM, CPFO, CIA, CFE, CISA) and/or master’s degree in Accounting, Business Administration, Finance, or related field
Public sector experience with emphasis on governmental accounting
Experience working with municipal debt instruments and arbitrage
Experience preparing disclosures and financial statement footnotes
Experience researching and applying accounting standards, rules, and regulations, such as those promulgated by various accounting standards boards and foundations
Experience performing audits or similar work in which financial statement assertions and documentary evidence are examined and evaluated
Experience identifying and resolving risks, errors, and questionable accounting practices
Exhibits professional skepticism and clear understanding of internal controls
Strong interpersonal, communication, analytical, and problem-solving skills
Highly motivated self-starter who performs well in a continuously changing environment and performs effectively working under limited supervision
Intermediate to advanced-level expertise in use of PeopleSoft 9.2, Microsoft Excel and other data extraction and analysis tools and methods
Ability to handle multiple assignments concurrently and to successfully meet deadlines
In addition to an online application, a letter of interest is required to be considered for this position. Such letter should discuss how the applicant’s skills and experience relate to this position’s duties, responsibilities, and desired qualifications. Incomplete applications may not be considered.
A professional resume is optional and may be included to capture information not evident in the online application.
A test of knowledge and skills may be required as part of the hiring process.
Finalists will be required to undergo a background check.
Internal Number: 2020-01036
About City of Seattle Finance and Administrative Services
FAS is the backbone of the City of Seattle and a dynamic organization comprised of sixteen divisions and 600+ employees that provides $200 million a year in services to the City through an exciting portfolio of lines of businesses. FAS is a collaborative workplace with collective accountability to promote equity, respect, civility, integrity, inclusiveness and fairness for all employees.