Debt Accountant

** Agency
* * Dept of State Treasurer
** Division
* * Financial Operations Division
** Job Classification Title
** Accountant III (NS)
** Position Number
**** Grade
* * NC15

Our mission is to preserve, protect and sustain the state’s pension and healthcare plans, generate investment returns in excess of comparable public pensions, properly account for and report on all funds that are deposited, invested, and disbursed through the North Carolina Department of State Treasurer, assure the financially sound issuance of debt for state and local governments, maintain the state’s “AAA” bond rating, and provide exemplary service across all divisions of the Department.
** Description of Work
** The Accounting III position is responsible for accounting and financial reporting duties for the State of North Carolina's debt service and leads the project to complete the annual Enhancing Accountability in Government through Leadership and Education (EAGLE) program to analyze and test internal controls within the Department. This position has extensive interaction with the State and Local Government Finance Division (SLGFD) staff, the Office of State Budget and Management (OSBM), and various branches of the Office of State Controller (OSC) to ensure the proper recording of balances owed by the State.
** Knowledge

Skills and Abilities

/Management Preferences
**** The Financial Operations Division
** of the NC Department of State Treasurer is responsible for the efficient and prudent management of state-held assets. The Division is comprised of four areas:
Procurement and Contracting, Banking Operations, Bank Reconciliation Unit, and Accounting. Procurement & Contracting is the centralized function within DST that ensures compliance and consistency in purchasing and contracting. Banking Operations serves as the banking hub for all State departments, agencies, institutions, and universities. The Bank Reconciliation Unit is responsible for reconciling all of the State Treasurer’s bank accounts as well as reconciling budget code balances between the Office of State Controller and DST.

*** Accounting
* ** manages the accounting and financial reporting for all funds that are deposited, invested, and disbursed through the Department of State Treasurer, including the $150 billion investment pool and banking programs.
** The Statewide Accounting Unit
** is responsible for Unclaimed Property Accounting, Debt Accounting, Budget, and State Health Plan Accounting, and compliance with the EAGLE internal control program. The Pension and Investment Accounting Manager handles the accounting functions for the State Treasurer’s Banking and Investments programs, Retirement Trust funds, and the Supplemental Retirement Plans.

The
** Debt Accountant
** reports to the Statewide Accounting Manager.
** Job Duties
*** Prepares all transfers and requisitions for debt service principal and interest requirements and posts the payments to the debt service accounts promptly.
* Records all new debt immediately after settlement of the bonds at closing, including all debt-related expenses related to new debt and the ongoing maintenance of bank accounts for debt proceeds.
* Develops and maintains up-to-date schedules of outstanding bonds and the amounts owed for principal and interest for debt service.
* Assists in year-end and monthly close-out of all budget codes and funds and prepares all long-term debt note disclosures for inclusion in the State’s Annual Comprehensive Financial Report (ACFR).
* Requests, processes, and records weekly draws of all General Obligation debt proceeds through the trustee bank. Receives, analyzes, and interprets all transactions involving debt, including creating the necessary files, to maintain documentation of those transactions for audit purposes. This includes the preparation of policies and procedures related to debt processes.
* Research the accounting requirements for all new and existing debt to ensure that all transactions are recorded properly and in accordance with GASB standards.
* Leads the EAGLE project, including the identification, along with management, of accounts and processes that are most at risk for financial…