Staff Accountant

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Staff Accountant

CDS Finance Director

$44,735 - $62,473 per year

CDS State Office in Augusta. Hybrid remote schedule is possible following a training period.

This is professional services work involving the application of Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) guidelines in maintaining complex accounts within established accounting systems. These complex accounts characteristically have:

• multiple fund types, revenue sources, cost centers, and cost allocations;
• multiple levels of controlling regulations;
• overlapping reporting periods.

Employees in this classification are responsible for ensuring assigned accounts are managed in accordance with GAAP/GASB standards, state/agency accounting procedures, and appropriate internal controls. Employees use and apply accounting skills at the full proficiency level to analyze and resolve nonstandard accounting transactions, and independently initiate appropriate corrections into accounting records. Employees interact with programmatic staff to explain accounting policies and procedures, or resolve accounting discrepancies and disputes.

This classification is distinguished from that of Accounting Technician by the technical complexity of work in maintaining complex accounts and increased responsibility for (1) identifying problematic processes and procedures within accounting systems and (2) developing, recommending, and implementing corrective actions to resolve problems. Supervision may be exercised over paraprofessional accounting personnel and office support/clerical staff. Work is performed under limited supervision.

• Establishes and oversees accounting procedures and internal controls for asset and liability accounts, revenue and expense accounts, and equity accounts in order to ensure compliance with applicable accounting standards and standard operating procedures.
• Applies accounting theory to account for revenues, expenditures, transfers, accounts payable, accounts receivable, and inventory in accordance with GAAP/GASB in order to accurately report the results of agency operations.
• Verifies source documents for accuracy, completeness, authorization, and coding, as well as proper application of fees, refunds, collections, and discounts in order to verify general ledger balances, reconcile subsystems to the general ledger, and identify accounting system problems or weaknesses.
• Reviews financial transactions and applies accounting theory and principles in order to ensure compliance with GAAP/GASB and applicable laws, rules, policies, and procedures.
• Reconciles accounts, initiates corrective actions, and formulates and recommends system and process changes through evaluation, analysis of problems and application of accounting theory in order to eliminate future problems.
• Prepares agency financial reports including information for the statewide financial report and prepares portions of required annual financial statements and related notes and disclosures in order to communicate relevant financial information to concerned parties.
• Prepares cash forecasts, revenue estimates, and expenditure projections for planning purposes in order to support budgetary and program staff.
• Monitors budget balances, identifies issues, and formulates corrective actions in order to inform and support program and accounting managers.
• Confers with financial and program staff in order to explain accounting policy and processes and resolve accounting discrepancies or disputes associated with account balances and reconciliations, reporting clarifications, payment authorizations, expenditures, and budget balances.

• Knowledge of generally accepted accounting theories, principles, methods, practices, and terminology.
• Knowledge of governmental accounting standards and systems.
• Knowledge of computerized accounting systems.
• Knowledge of standardized desktop technology and products.
• Ability to apply accounting…