Introduction
The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System (“System”). The System is a defined benefit retirement system covering governmental employees within the State of Maryland. The System is composed of twelve (12) separate retirement and pension systems with over 50 different rule sets. The System has over 397,000 participants (customers), including 192,000 members who are actively employed and participating in the System, 165,000 payees who receive a monthly payment from the System, and 40,000 vested members who are no longer actively employed but have earned a benefit that will become payable at a future date.
The Finance Division/Banking Services Unit is seeking for an experienced Accountant Advanced. This position
requires knowledge of GAAP and demonstrated experience in reconciliations of general ledger accounts,
reconciliations of bank accounts, analysis
of cashflow activity, annual tax
reporting and check management functions.
GRADE
17
LOCATION OF POSITION
120 East Baltimore Street
Baltimore, MD 21202
Main Purpose of Job
This position functions as a staff accountant under the direction of the Banking Services Section Supervisor. Duties include reconciliations of general ledger accounts, reconciliations of bank accounts, analysis of cashflow activity, annual tax reporting and check management functions.
POSITION DUTIES
*Performs the monthly reconciliations of miscellaneous
withholdings remittances in order to ensure accurate and timely
remittance of deductions to include federal and state income taxes, hospitalization, credit union,
union dues, life insurance,
United Way contributions and liens by following established policies and
procedures.
*Prepares monthly remittances of state
taxes
and annual reports for federal taxes in
order to ensure accurate and timely reporting and remittance in accordance with
GAAP and GAAS by following established policies and procedures.
*Performs
the monthly reconciliation and analyses of the Agency’s cashflow worksheet
outstanding items such
as federal taxes, EFT deletions and EFT
reclamations and outstanding checks to ensure accurate reporting of cash
transactions in
accordance with GAAP and GAAS by
following established policies and procedures.
*Performs Cancel and
Recredit process including submission of
cancel and recredit input lists,
preparation of cancel and recredit vouchers and analyzing cancel and
recredit output to ensure accuracy of the SRA 1099 file by following
established policies and procedures.
*Performs and records check
management functions such as Stop Payments,
Returned Checks and Stale-Dated Checks to ensure timely receipt of
benefits by following established check management procedures and web-based
software to communicate with Manufacturers and Traders Bank.
*Performs
the monthly reconciliations of the Working Fund account in accordance to established
policies and procedures.
MINIMUM QUALIFICATIONS
Education: A Bachelor's degree in Accounting from an accredited college or university, including or supplemented by three credit hours in auditing.
Experience: Three years of experience examining, analyzing and interpreting accounting systems, records and reports by applying generally accepted accounting principles.
Notes:
1. Candidates may substitute a Bachelor’s degree from an accredited college or university with thirty credit hours in Accounting and related courses, including or supplemented by three credit hours in auditing for the required education.
2. Applicants who have 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.
3. 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.
4. Applicants may substitute one year of professional auditing experience for one year of the required experience.
5. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the Accounting field of work on a year-for-year basis for the required experience and education.
DESIRED OR PREFERRED QUALIFICATIONS
Preferred Qualifications:
* A minimum of three years of experience working with multiply
ledgers;
* A minimum of three years of experience working with ACH, EFT
and bank transactions;
* A minimum of three years of experience working with
automated ledger systems and reconciliations;
**The ideal candidate will have the ability to be clear and
concise when analyzing data when there are many factors involved and be able to
provide insights and resolutions to resolve any issues if found with the data.
LICENSES, REGISTRATIONS AND CERTIFICATIONS
Not Applicable.
SELECTION PROCESS
Please make sure that you provide sufficient information on your application to show that you meet the minimum for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date.
Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year. This list will be used by the hiring agency to select employees.
For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must accompany the application.
Due to the confidential nature of the work, selected candidates must undergo and pass a background check.
EXAMINATION PROCESS
The examination will consist of a rating of your education, training, and experience as presented on your application and as they relate to the requirements of the position. You may be asked to complete a supplemental questionnaire. The supplemental questionnaire may be used as part of the rating process. Therefore, it is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.
BENEFITS
FURTHER INSTRUCTIONS
The online application process is STRONGLY preferred. If online access is not available, you may mail a paper application and supplemental questionnaire (if applicable) to:
DBM Recruitment & Examination Department
301 West Preston Street, Room 608
Baltimore, MD 21201
All mailed documents must include the applicant's name and the job number and must be received by the closing date. Resumes will NOT be accepted in lieu of completing the application.
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.TTY Users: call via Maryland Relay
As an equal opportunity employer, Maryland is committed to recruiting, retaining, and promoting employees who are reflective of the State’s diversity. People with disabilities and bilingual candidates are encouraged to apply.
We thank our Veterans for their service to our country and encourage them to apply.
