Accounting Officer II, LACERA (Investment Accounting)

Department/Agency of position: 
Los Angeles County Employees Retirement Association
Location of position: 
Pasadena, CA
$74,197.08 – $97,311.24 Annually
Date Posted: 
Wednesday, November 8, 2017
Closing Date: 
Friday, December 8, 2017
Job Description: 

Come join us in beautiful Pasadena, CA at the Los Angeles County Employees Retirement Association (LACERA)! The Accounting Officer II, LACERA, is a supervisory position responsible for directing and overseeing the accounting and financial reporting of LACERA's approximately $50 billion investment portfolio. The position supervises, through subordinate supervisors, a staff of professional investment accountants engaged in the analysis, accounting, reconciliation, and monitoring of all LACERA investment transactions.

LACERA's well-diversified and externally managed investment portfolio includes multiple asset classes of public market securities and direct investment holdings such as: U.S. and non-U.S. equities, U.S. and non-U.S. fixed income, short-term investments, hedge funds, mortgages, private equities, and real estate. LACERA also participates in a securities lending program.

CERTIFICATION BONUS: Any permanent, full-time employee working in this classification possessing a valid Certified Public Accountant(CPA) license issued by the State of California is entitled to a Certification Bonus equal to two (2) salary schedules (approximately 5.5%) as provided by the Los Angeles County Step Pay Plan.


EDUCATION: Completion of twenty-one units of accounting including at least two courses in advanced subjects such as cost accounting, governmental accounting, or auditing in an accredited college, or equivalent accounting education.


EXPERIENCE: One year's professional accounting experience at the level of Accountant III, Intermediate Accountant-Auditor, or Accounting Officer I, LACERA.


•Graduation from an accredited college or university with a Bachelor's degree in Business Administration, Accounting, or Finance.

•A valid Certified Public Accountant (CPA) license issued by the State of California.

•Three (3) or more years of investment accounting experience at a custodial bank, investment manager, or public pension fund.

•Demonstrated experience in the administrative and technical supervision of professional investment accounting staff.

•Demonstrated experience in analyzing, interpreting, and implementing Governmental Accounting Standards Board (GASB) or Financial Accounting Standards Board (FASB) pronouncements.

•Demonstrated experience in monitoring complete resolution of all exceptions resulting from the investment account daily and/or monthly reconciliations.

•Demonstrated experience directing the maintenance of centralized investment accounting financial records and maintaining control over all accounting transactions related to investment portfolios.

•Demonstrated experience in the preparation of investment fund financial statements and reports, including monthly financial accounting and ad hoc reports.

•Demonstrated experience and advanced proficiency in accounting software (e.g., Great Plains, etc.) and Microsoft Office Suite applications, including Excel and Word.

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