FISCAL SERVICES ADMINISTRATOR II
Assistant Director of Finance
|Date Opened||2/5/2020 11:59:00 PM|
|Filing Deadline||2/19/2020 11:59:00 PM|
|Salary||$56,727.00 - $91,075.00/year|
|HR Analyst||Shirley Williams|
Maryland 529 is an independent State Agency responsible for administering two IRC Section 529 College Savings Plans; the Maryland Senator Edward J. Kasemeyer Prepaid College Trust and the Maryland Senator Edward J. Kasemeyer College Investment Plan. The Maryland Prepaid College Trust (MPCT) is a “defined benefit” type plan and the Maryland College Investment Plan (MCIP) is a “defined contribution” type plan, both of which are designed to provide ways for families to save for future college expenses and reduce reliance on future student loan debt. In addition, the agency also administers the State’s 529A program through the ABLE Act designed for Americans living with disabilities. The agency is overseen by an 11 member Board of Directors and the Executive Director. The Director of Finance directs and manages all accounting and financial operations for the agency. This position reports to and assists the Director of Finance.
This is a Management Service position, and serves at the pleasure of the Appointing Authority
LOCATION OF POSITION
217 E. Redwood St, Ste. 1350
Baltimore, MD 21202
Main Purpose of Job
This position serves as the Assistant Director of Finance and is responsible for oversight and review of cash receipts, recordation of revenues and fees, reviewing bank reconciliations prepared by advanced accountant, approval of invoices processed by advanced accountant in FMIS, monthly account holder billing, running monthly ACH.
This position is responsible for reviewing operating expenditures within R*STARS, the State's Financial System as well as Quickbooks, the agency's subsystem used to record all financial activities on a monthly, quarterly and annual basis.
This position serves as the agency PCPA and manages agency corporate purchasing card program, ensuring that CPC card holders are properly using their cards.
This position serves as a back-up for the Director of Finance, assists with annual budget preparation, preparing monthly financial reports, monthly projections, OLA audits, external audits and other duties as assigned.
- Oversees and enforces collection of revenues related to account holder contributions, enrollment fees, management fees, payment fees, late fees, account maintenance fees and investment plan fees; ensures proper safeguards are in place to prevent fraud or misreporting of cash receipts.
- Ensures proper and timely reconciliation of the bank reconciliations (monthly).Reviews and approves the following bank reconciliations
- Records revenue transactions in Quickbooks Accounting Software for both MPCT and ABLE accurately and timely.
- Oversees processing of invoices and interagency accounting entries, ensuring proper coding and fiscal year are applied for payments against accruals, ensuring employee reimbursements are processed and calculated correctly, and that all invoices are properly approved and processed timely and accurately in accordance with state requirements.
- Responsible for reviewing operating expenditures within R*STARS, the State’s financial system, as well as Quickbooks, the agency’s subsystem used to record all financial activities including revenues, expenditures, fixed asset balances and investment activities; ensures reconciliation between the two systems (monthly, quarterly, and annually).
- Prepares monthly reconciliation of reports from FMIS and Quickbooks. The reports include but not limited to DAFRT130, DAFRG100 and DAFRG110.
- Serves as the agency PCPA and manages agency corporate purchasing card program, ensuring that CPC card holders are properly using their cards. Reviews monthly reconciliation reports from the Accountant Advanced position; ensures that the fiscal accountant is properly retaining documents and submitting reports to GAD as required.
- Serves as a back-up to the Director of Finance with the statewide budget process regarding formulation and execution of annual budget, communicates with Department of Budget and Management Analysts regarding budget submission and other budget related matters.
- Manages agency processing of biweekly regular and contractual payroll, reviews SPS data submissions against anticipated activity, confirms Central Payroll Bureau payout ties to SPS data submissions, and prepares timely payroll inputs for adjustments as needed. Verifies calculations with HR Department for exception reporting, including bonus calculations, retro calculations, over time calculations, increments, etc. Prepares annual position inventory to be used by DBM to generate personnel budget figures. Reconciles BAR’s data to Workday data on a monthly basis.
- Serves as backup for and assists the Director of Finance with the Yearend Close, Budget, Audits and preparation of Annual Report.
- Manages and trains agency employees within the division, ensuring MS-22s are accurate, PEPs are properly administered and disciplinary and/or promotional actions are consistently and appropriately executed.
- Other duties as assigned.
Education: A Bachelor's degree in Accounting from an accredited college or university or a Bachelor's degree from an accredited college or university with 30 credit hours in accounting and related courses, including or supplemented by 3 credit hours in auditing.
Experience: Four years of experience examining, analyzing and interpreting accounting systems, records and reports by applying generally accepted accounting principles.
1. Applicants who had met the requirements for admission to the CPA examination prior to July 1, 1974 will be considered to have met the educational requirement referenced above.
2. Possession of a certificate as a Certified Public Accountant or a Master's degree in accounting from an accredited college or university may be substituted for one year of the required experience.
3. Applicants may substitute one year of professional budgeting experience or one year of professional auditing experience for one year of the required experience.
4. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in Administration classifications or Financial Management specialty codes in the Financial field on a year-for-year basis for the required experience.
DESIRED OR PREFERRED QUALIFICATIONS
Experience in any of the following area: preparing budgets and projection, accounting, procurement, payroll and/or personnel.
Experience in recording receipts, bank reconciliations, and preparing financial reports.
Proven ability to work independently, apply and interpret laws, policies and procedures and use of good judgment in evaluating and making decisions.
- Proven ability to work effectively as a team member.
- Proven ability to effectively prioritize tasks, estimate time frames, meet deadlines, plan and use available resources, and coordinate work assignments with others.
- Proven experience presenting to a Senior Management.
- Proven ability to communicate effectively and maintain a courteous attitude toward the public and employees.
Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: Department of Budget and Management, Recruitment and Examination Division, 301 W. Preston St., Baltimore, MD 21201. Paper application materials must be received in our office by the closing date for the recruitment. No postmarks will be accepted.
For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Application.Help@maryland.gov or 410-767-4850, MD TTY Relay Service 1-800-735-2258.
We thank our Veterans for their service to our country.
People with disabilities and bilingual candidates are encouraged to apply.
As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.