The position is assigned to the Financial and Accounting Services Division's (FASD’s) Investment Accounting Section. FASD is responsible for managing LACERA’s financial operations in accordance with established fiscal policies. FASD is divided into two operational areas: the Investment Accounting and General Accounting Sections.
The Investment Accounting Section is responsible for recording, monitoring, and reconciling financial transactions related to LACERA’s investment portfolio.
The General Accounting Section is responsible for the recording, monitoring, and reconciling financial transactions related to the collection of retirement contributions, payment of retiree benefits, and payment of administrative and non-administrative expenses.
VACANCY INFORMATION: The current vacancy is in the Investment Accounting Section in Public Markets.
NOTE: LACERA requires all applications to be submitted online.
The following examples are intended to describe the general nature and level of work performed by persons assigned to each classification. Depending on the assignment, duties may include, but are not limited to the following:
Verify, analyze, classify, record, and reconcile investment transactions and portfolio holdings with the custodian bank, public markets investment fund managers, private equity partnerships and advisor's, and/or real estate advisor's to the general ledger and subsidiary ledgers.
Verify, process, monitor, and record investment funding, interest income, investment expenses, capital calls, return of capital, and cash and stock distributions.
Analyze and prepare ad hoc and regulatory investment related reports.
Interpret the accounting and other financial provisions of a variety of laws and regulations, and recommend steps for their implementation.
Conduct cost surveys, revenue analysis, and accounting systems and procedural studies, write reports of findings in which recommendations for modifications or other action are made, and participate in installation of systems and procedures.
Compile and evaluate complex consolidated and operating statements, final accountings for large construction and/or other projects with large budgets, and claims for reimbursement from other government agencies or private contractors.
Perform routine audits of the books of other governmental agencies or private contractors and write audit reports; or conducting an internal audit program approaching in complexity the former.
May serve as liaison with other County departments or governmental agencies concerning accounting matters.
May supervise a small supporting accounting technicians and/or clerical staff.
May supervise a small supporting accounting technical and clerical staff.
May review and participate in day-to-day accounting and bookkeeping operations such as setting up accounting books or subsidiary records, classifying accounting transactions, posting and journalizing, verifying trial balance, reconciling and personally preparing year-end closing transactions as a precursor to performing other more difficult accounting assignments.
May be required to perform other related duties as assigned.
Education: Completion of twenty-one (21) semester units of accounting including at least two (2) courses in advanced subjects such as cost accounting, governmental accounting or auditing in an accredited college, or equivalent accounting education.
Either one year's professional accounting or auditing experience.
Two (2) years responsible or supervisory technical accounting experience.
License: A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions.
Physical Class II - Light physical effort which may include occasional light lifting to a 10 pound limit, and occasional bending, walking, stooping or squatting. Incumbents sit for extended periods of time. Work is performed in an office environment in a controlled climate.