All Applications must be submitted on the agency website: https://capps.taleo.net/careersection/701/jobdetail.ftl?job=00013722&tz=GMT-05%3A00&tzname=America%2FChicago
MISSION: The Texas Education Agency (TEA) will improve outcomes for all public-school students in the state by providing leadership, guidance, and support to school systems.
POSITION OVERVIEW: The Texas Education Agency is seeking a talented individual to join a team of professionals in the Permanent School Fund (PSF), a $36 billion perpetual public fund endowment that helps finance the state’s public schools.
This position reports to the Director of Finance and is hired to perform advanced senior-level accounting work within the division. Responsibilities include operations management of daily cash balances, including preparation of cash projections and analysis for senior investment staff, accounts payable processing, accounting for, analyzing, and reporting to senior management the departmental annual budget in QuickBooks and in the agency general ledger system, analyzing and forecasting expenditures, management reporting, and interfacing with others on accounting and reporting issues. This position also assists in the preparation of year-end financial statements and interaction with external auditors.
A successful candidate must be honest and ethical in all work; recognize the requirements of confidentiality; fully comprehend Generally Accepted Accounting Principles (GAAP), and be intellectually curious about accounting, financial analysis, monitoring a departmental budget, and reporting investment assets.
The professional selected for this position will work under minimal supervision with considerable latitude for the use of initiative and independent judgment and is expected to help the PSF meet its performance goals and support the Texas Education Agency in fulfilling its strategic priorities.
Please note that a resume and tailored cover letter are required attachments for applying to this position. Incomplete applications will not be considered.
Additionally, please be sure to respond to the short answer prompts found in the supplemental questions. These responses should be added in a separate Word or PDF document in the attachments section of the application.
Applicants who are strongly being considered for employment must submit to a national criminal history background check.
Relocation assistance is not available for this position.
A skill-based exercise may be administered at the time of interview.
Perform PSF daily cash functions. Prepare daily cash projections; interact with internal investment and operations staff to determine daily cash requirements; ensure cash availability for settlement of trades while maximizing return on idle cash; prepare and process cash transfer instructions for delivery to custodian and for loading into the trade order system; monitor, record, and reconcile interest income.
Carry out the departmental accounts payable approval process. Review and approve invoices for payment, ensuring that all required supporting documentation (i.e., contracts, requisitions, purchase orders, invoices, and receiving documentation) is available and valid and that payments are made in a timely manner; research reconciliation differences between purchase orders and vendor invoices; serve as the primary contact for PSF accounts payable needs, requests, and research.
Provide accounting support in maintaining full double-entry accounting records of PSF appropriated funds. Maintain QuickBooks files of all transaction activity using PSF appropriated funds; assist in the preparation of the annual operating budget for the division; monitor the approved annual operating budget within the QuickBooks; reconcile the budget on a monthly basis; prepare models used to forecast and analyze TPSF expenditures; retrieve, analyze and develop reports utilizing CAPPS data.
Prepare monthly and periodic Bond Guarantee Program (BGP) and management reconciliations/reports. Maintain and prepare monthly BGP data, reconciliations, and related reports as assigned; utilize internal and external investment accounting and reporting software to provide monthly reports and analyses to management related to the departmental operating budget; prepare a monthly Budget to Actual analysis for executive management; and research reconciliation differences, as needed.
Assist with year-end closing procedures, financial statement preparation and annual audit. Contribute to the preparation of the PSF portion of the Agency Annual Financial Report (AFR) and the PSF audited Comprehensive Annual Financial Report (CAFR).
Other duties as assigned.
Education: Graduation from an accredited four-year college or university with a degree in accounting.
Experience: At least five (5) years of experience in in accounting with general ledger and accounts payable experience with a minimum of two (2) years' experience in accounting managing a complete set of books and records for a going concern using QuickBooks (or similar). Strong PC experience with financial databases and software applications including advanced Excel, Word and PowerPoint is required.
Cognizant of investment and governmental accounting and reporting, including GASB and FASB accounting and reporting standards as they apply to public investment funds. Understanding of treasury cash management principles and accounts payable processes and procedures.
Thorough knowledge of accounting principles and practices (GAAP) and their application to maintaining accounting records and automated accounting systems and managing a multi-million-dollar operating budget.
Strong familiarity of securities accounting, procedures, and market operations; market research; of statistical concepts and methods and their application to research analysis; of various financial data systems; and of macroeconomics.
Experience using software packages such as the Uniform Statewide Accounting System (USAS), the PeopleSoft-based Centralized Accounting and Payroll/Personnel System (CAPPS), SalesForce, and QuickBooks.
Skill in mathematics, analytics, and in the use of computer software programs, particularly Word, Excel, and PowerPoint.
Ability to communicate clearly and effectively, both verbally and in writing, including writing management reports and making public presentations.
Strong customer-service mindset and the ability to communicate to a diverse group of internal and external customers.
Maintain effective and professional relationships with a diverse group of internal and external staff.
Exhibits a strong work ethic, is reliable, and works effectively and collaboratively as part of a team.
Flexible and organized and handles multiple and shifting priorities while paying attention to details; uses sound, independent judgment to make decisions.
Willing to fill a need, solve a problem, anticipates risks, and demonstrate initiative that strategically advances efforts of the Fund.
Possesses a desire to self-reflect, give/receive feedback and continuously improve.
Ability to engage in a collaborative, results-oriented team environment.
Acts in accordance with the Chartered Financial Analyst Institute code of ethics and standards of professional conduct.
Internal Number: 00013722
About Texas Permanent School Fund
The Texas Permanent School Fund (PSF) was created with a $2,000,000 appropriation by the Texas Legislature in 1854
expressly for the benefit of the public schools of Texas. The Constitution of 1876 stipulated that certain lands and all
proceeds from the sale of these lands should also constitute the PSF. Additional acts later gave more public domain land
and rights to the PSF. Since its initial capitalization, the PSF has grown to approximately $46.5B as of FYE19.
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