Investment Accountant

Agency

Dept of State Treasurer

Division

Financial Operations Division

Job Classification Title

NCIA Investment Accountant (NS)

Position Number

60009308

Grade

ID14

About Us

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

This position is responsible for analyzing, reviewing and reconciling information provided by the State’s custodian for pension investments. It is critical for the State that this job is performed in an accurate, timely and professional manner. The performance of this position has statewide implications for the cash and investments held by the State Treasurer’s Office.

The ability to independently problem solve is required by this position. Resolving differences between reports from the same system or more often between different software applications requires extensive knowledge of the flow of information and the required inputs and outputs. The position has experienced increased scrutiny from the Office of State Auditor and other outside parties due to the financial magnitude of the transactions analyzed and recorded by the position. The position must be able to explain and defend the method of accounting for all transactions. It must also be able to indicate the controls in place which ensure the accuracy and validity of the information presented.

This position reports to the Investment Accounting Supervisor. Duties in this position are considered essential to operations for the Department of State Treasurer. This may require mandatory, on site work during adverse or crisis situations. Essential duties are a condition of continued employment. This position is considered an essential position within FOD of the Department of State Treasurer, including but not limited to the following business processes: Vendor Payment Processing - Investments.

Knowledge Skills and Abilities/Management Preferences

70% - Monitors and analyzes investment information to/from the Custodian

• Monthly analysis of accounting transactions for the various portfolios. Requires thorough knowledge of investment accounting practices and the ability to interpret complex communications from multiple (140+) investment managers. Resolution of differences involves the ability to interpret and communicate facts supported by information provided by investment managers. Confirms asset valuation is consistent between custodian and investment managers and reflects any adjustments due to new capital fundings or distributions. Reconciles internal records to custodian’s accounting reporting system.

• Monthly reconciliation of internally managed STIF and LTIF (combined assets of approximately $80 billion) to custodial records. Differences are researched and communicated to higher levels.

• Monthly reconciliation of cash inflows and outflows as recorded by the custodian through month end transfer process. Absolute accuracy is required in order to maintain proper plan accounting ownership balances for the pension participants.

• Daily reconciliation of cash between Flexcube (internal general ledger) investment accounts and custodian. Differences must be researched and corrected. Judgment is required to determine the type of error and the necessary steps for resolution.

20% - Performs accounting functions for the operations of Investment Accounting

• Monthly reconciliation of STIF interest posting. Ensure amounts recorded by the Office of State Controller’s NCFS system and Flexcube are in sync. 100% accuracy is required to ensure participants across the state record proper balances.

• Monthly calculates residual interest due to General Fund.

• Weekly review of direct expense invoices.

• Prepares schedules for inclusion in statewide ACFR

10% - Other duties as assigned

Recruitment Range - $76,000 - $90,000

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through either years of education, years of directly related experience, OR a combination of both. See oshr.nc.gov/experience-guide for details.

The minimum Education and Experience is a bachelor’s degree with 12 credit hours of accounting coursework; or equivalent combination of training and experience. All degrees must be received from appropriately accredited institutions.

Important: This posting closes at 11:59:59 PM the night BEFORE the End Date above.

If you have student loans, becoming a state employee includes eligibility for the Public Service Loan Forgiveness Program. Visit https://studentaid.gov/ to learn more. 

This position currently qualifies for a hybrid telework option with routine office and remote workdays. The NC Department of State Treasurer trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.  

NC State Health Benefits:
The State of North Carolina offers excellent comprehensive benefits.  Employees can participate in health insurance options, standard and supplemental retirement plans, and the NC Flex program (numerous high-quality, low-cost benefits on a pre-tax basis).  Employees also receive paid vacation, sick, and community service leave.  In addition, paid parental leave is available to eligible employees.  

Visit the website for State Benefits

Supplemental and Contact Information

The North Carolina Department of State Treasurer (DST) is an Equal Opportunity Employer that embraces an Employment First philosophy, which consists of complying with all federal laws, state laws, and Executive Orders.  We are committed to reviewing requests for reasonable accommodation at any time during the hiring process or while on the job.  For more information about DST: NCTreasurer | NC Treasurer.

DST uses the Merit-Based Recruitment and Selection Plan to fill positions subject to the State Human Resources Act with the most qualified individuals.  Hiring salary will be based on relevant qualifications, internal equity, and budgetary considerations pertinent to the advertised position.

In accordance with the Governor’s Executive Order 303, our agency supports second-chance employment for individuals who were previously incarcerated or justice-involved.  We invite all potential applicants to apply for positions for which they may be qualified.

Application Process
Be sure to complete the application in its entirety.   Resumes will not be accepted in place of completing this application. 

• Information should be provided in the appropriate areas, to include the following: Education, including high school and all degrees obtained, Work Experience, and Certificates & Licenses. It is critical to our screening and salary determination process that applications contain comprehensive candidate information.
• Answers to Supplemental Questions are not a substitute for providing all relevant information within the body of your application. To receive credit for the supplemental questions, you must provide supporting information within the "Work Experience" section of the application to support your answers.
• Applicants may be subject to a criminal background check. All candidates selected for positions considered "Positions of Trust" will be subject to a criminal background check.
• Due to the volume of applications received, we are unable to provide information regarding the status of your application over the phone. To check the status of your application, please log in to your account.  Upon the closing date, applications are "Under Review" and will be screened by Human Resources for qualified applicants. The hiring process may take several weeks.
• Degrees must be received from appropriately accredited institutions.  Transcripts and degree evaluations may be uploaded with your application. The State of North Carolina/Office of State Human Resources uses the National Association of Credential Evaluation Services (NACES) as a referral resource for applicants who need to have their credentials certified as equivalent.
• For a list of organizations that perform this specialized service, please visit the NACES membership website at https://www.naces.org/members. 

Degree/College Credit Verification

Degrees must be received from appropriately accredited institutions.  Transcripts, degree evaluations, and cover letters may be uploaded with your application.

Veterans’ and National Guard Preference

• Applicants seeking Veteran's Preference must attach a DD-214 Member-4 Form (Certificate of Release or Discharge from Active Duty) to their applications.
• Applicants seeking National Guard Preference must attach an NGB 23A (RPAS), along with the state application, if they are a current member of the NC National Guard in good standing. 
• Applicants who are former members of either the NC Army National Guard or the NC Air National Guard, with honorable discharge and six years of creditable service, must attach a copy of the DD 256 or NGB 22, along with the state application.

ADA Accommodations

Consistent with the Americans with Disabilities Act (ADA) and the Pregnant Workers Fairness Act (PWFA), DHHS is committed to the full inclusion of all qualified individuals. As part of this commitment, DHHS will ensure that people with disabilities, or known limitations covered by the PWFA, are provided with reasonable accommodation.  If reasonable accommodation is needed to participate in the job application or interview process, please contact the person indicated below.

Background Check

• The selected candidate will be subject to a criminal history background check through Castle Branch.
• One or more of the following may also be reviewed, depending on the nature and requirements of the position: employment history, professional references, credit history, and educational verification (i.e., degree, license, or official transcript).
• The selected candidate will be required to pass the background check to the satisfaction of the North Carolina Department of State Treasurer. All offers of employment are conditional until the satisfactory completion of the background check.

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and is dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Contact Information: 

If there are any questions about this posting, other than your application status, please email the NC Department of State Treasurer at HR@nctreasurer.com.

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Recruiter:

Leonard C Harper

Recruiter Email:

HR@nctreasurer.com