Senior Financial Reporting Accountant

Commonwealth Savers, formerly Virginia
529, is an independent state agency that offers savings and investment programs to meet future financial goals, while providing meaningful work to our diverse and collaborative team. Our name change to Commonwealth Savers, reflects our expanded mission to empower individuals on their entire financial journey through education, disability, and retirement savings programs. Commonwealth Savers manages the largest 529 and independent ABLE plans in the nation, helping people save for higher education and disability related expenses, and now manages the state’s private retirement program, Retire

PathVA, bringing retirement savings to those who do not have employer-provided options. If you want to make a difference with us, visit our Careers page to learn more about our culture, values, and rewarding career opportunities.

Our growing Financial Reporting Team is seeking a Senior Financial Reporting Accountant to perform and review accounting activities related to financial reporting, financial statements, and financial analysis. This position supports the preparation of the Annual Comprehensive Financial Report by developing reporting schedules, disclosures, and analytical content. This role is responsible for preparing, interpreting, and analyzing financial data, preparing internal and external financial reports, and assisting the Financial Reporting Team with the interpretation and implementation of accounting standards.

Monitor and ensure timely identification and compliance with evolving accounting guidance and assist the Financial Reporting Team and Finance management with interpretation and implementation of Governmental Accounting Standards Board (GASB) statements and other applicable accounting standards and practices including preparation of technical memorandums and policy documentation

Perform all aspects of various accounting functions including preparation of the Annual Comprehensive Financial Report, monthly, quarterly, and year-end close processes, internal and external audit support, and accounting systems testing and forecasting

Analyze and evaluate data recorded in various financial systems including financial and investment data reported by the agency’s financial institutions and master custodian

Prepare internal and external financial reports and perform complex financial analysis, including developing forecasts, financial models, recommendations, and strategies

Coordinate responses to internal and external audit inquiries and assist with audit support activities

Collaborate with internal and external stakeholders and support compliance with accounting standards, processes, procedures, and policies

Conduct research and reporting related to Defined Benefit 529 risk data as needed

Seven or more years of relevant work experience in governmental accounting, finance, or related field, with demonstrated knowledge of Generally Accepted Accounting Principles (GAAP), financial reporting, and general business processes; equivalent combination of education and experience may be considered;
Certified Public Accountant designation preferred (CPA)

Experience with the Commonwealth’s financial reporting procedures and policies preferred

Ability to read, compile, analyze and accurately interpret complex accounting and financial records and statements

Ability to identify and define problems, collect and reconfigure data, establish facts, develop and communicate options and draw valid conclusions

Demonstrated critical thinking, decision making and analytical ability with a strong attention to detail and ability to meet critical deadlines

Demonstrated master level proficiency with Microsoft Excel; strong skills in Microsoft Word and…