Supplemental Retirement Plans Accountant

Agency

Dept of State Treasurer

Division

Financial Operations Division

Job Classification Title

Accountant IV (NS)

Position Number

Grade

NC16

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.

This position leads the preparation of the annual financial statements including all note disclosures for the SRPs for audit by an external auditor. The position monitors and reconciles the investment management fees and other fees accrued at the custodian by the SRPs. The position prepares instruction letters to the custodian to facilitate the payment of these fees. This accountant position assists in the preparation of the NC Annual Comprehensive Financial Report.

In addition, this accountant will work through special projects related to the SRPs as the solutions involves both divisions. This position will also work with the annual and monthly operating budget of the SRPs to ensure that all Board changes are made and there is sufficient funds to satisfy payments for operations. This position has extensive interaction with the Retirement Division staff (RSD), the external auditor, the custodian and record keeper for the Supplemental Plans, and the Office of the State Controller (OSC).

Knowledge

Skills and Abilities

/Management Preferences

* This is a REPOST of position .

* Previous applicants must reapply to be considered.

* Important:
This is a continuous posting. Applications will be reviewed periodically throughout the posting period until the vacancy is filled.

This is full-time position (40 hours per week) with State Benefits, including health insurance, paid vacation, paid sick time, paid holidays, as well as retirement.

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. The Accounting section is under the supervision of the Departmental Accounting Manager to ensure compliance and consistency around departmental accounting functions. Departmental Accounting manages Accounts Payable, Accounts Receivable, month end close and certifications, Fixed asset reporting, P-card, and some annual Tax reporting.

The Department of State Treasurer’s campus is located on Atlantic Avenue, is surrounded by many shopping centers and restaurants, has access to a 24-hour 7-day a week free gym on the campus, and has free employee parking.

• Leads the preparation of the annual financial statements including note disclosures for the SRPs for audit by external auditor.

• Ensures statements are in compliance with generally accepted accounting principles as promulgated by the Governmental Accounting Standards Board (GASB).

• Leads the preparation of year end financial reporting pertaining to the SRPs.

• Responds to inquiries made by the Office of State Auditor (OSA) and OSC.

• Communicates both oral and written information to the OSA and OSC related to financial reporting.

• Reviews the budget reports for the SRP and ABLE operating funds. Works with the other accounting areas to ensure that the budget is in line with the most recent Board actions. Ensures adequate funds are in the account to fund anticipated accounts payables.

• Accounting and financial reporting for equity investment manager fees. Includes, but not limited to analyzing and recalculating fees, comparing recalculated amount to manager invoice and determines if manager’s fee is within tolerance levels, and preparing instruction letters to custodian to facilitate payment of manager fees.

Effective July 1, 2025, candidates now meet the minimum…