Accountant, Principal

Accountant, Principal
Orange County Transportation Authority (OCTA)
 Orange, California
Job Description

Why OCTA

Discover work that moves you in a dynamic and innovative setting. Be part of a team delivering Orange County’s transportation network of today and creating a vision for the future.

OCTA is the county’s transportation planning commission and public transit operator. With a focus on safety and accountability, we plan, fund, and implement countywide projects that include bus and rail transit, freeways and express lanes, rideshare, microtransit, paratransit, active transportation, and environmental programs.

We’re passionate about creating a balanced, equitable and sustainable transportation system that reflects the diverse travel needs of the county’s 34 cities and 3.2 million residents.

Our employees rated OCTA as a top workplace in Orange County. Come join us on our mission of keeping Orange County moving.

Overview:

Under minimal direction, researches, analyzes, administers and maintains established and proposed accounting programs in accordance with agency policies, procedures and practices, and federal, state and local laws and regulations. Administers or takes lead position on major projects. Frequently resolves highly complex accounting issues utilizing knowledge gained from extensive experience where procedures may not be prescribed or well defined. Responsible for the preparation, recording, and reconciliation of accounting/business transactions for the 91 Express Lanes. Oversees professional accounting activities relating to capital assets of the Agency. Understands new and/or complex modifications to existing accounting standards and how to apply them to unique governmental circumstances. Acts as mentor and/or provides technical leadership to lower-level Accounting Team members in all areas of professional responsibilities.

This is an exempt position in Salary Grade S: Min $95,867.20 – Mid $115,273.60 – Max $134,659.20 per year. The starting salary will be within this range based on qualifications.

The application deadline for this position is Tuesday, January 31, 2023.

Responsibilities:

This list is intended to indicate the general nature and level of work performed by employees within this classification and is not designed to be interpreted as an exhaustive listing of all tasks required of employees assigned to this job.

  • Oversees the capital asset accounting function ensuring compliance with generally accepted accounting principles, agency policies, and procedures as well as applicable state/federal/grant regulations.
  • Oversees and coordinates the accounting and financial reporting activities of the 91 Express Lanes, including the preparation of the 91 Express Lanes Financial Statement and other related financial information. Communicate as necessary with 91 Express Lanes Department Manager and contract operator.
  • Prepares Quarterly Taxpayer Oversight Committee Report and provides other miscellaneous financial information. Initiates communication with departments responsible for project budgets, estimates and program forecasts, ensuring reasonableness. Attends audit sub-committee meetings of the Taxpayer Oversight Committee (TOC).
  • For internal and external audits, serves as subject matter expert and point person for all matters related to the 91 Express Lanes, the Quarterly Tax Payer Oversight Committee Reports and the Annual Measure M Status Report.
  • Research and prepare footnotes related to 91 EL. Review the Annual Comprehensive Financial Report (ACFR) for completeness and accuracy, providing any comments to enhance the report. Oversee the information provided by the capital asset accountant included in the ACFR.
  • Prepares the annual Cost Allocation Plan. Initiate communication with cognizant department personnel to determine the optimal basis for allocating indirect administrative costs. Make adjustments to the allocation formulas as needed.
  • Stays current with changes and pending changes in accounting practices. Researches, develops solutions and reports findings relative to new accounting standards or new unique financial events.
  • Provides technical leadership to the Capital Asset Accountant as well as technical guidance and coaching to Accounting staff members.
  • Acts as a mentor and/or provides technical leadership to Accounting staff members in applying accounting principles and applicable laws, regulations, policies and procedures as well as in preparing or directing the preparation of various periodic and special reports; makes recommendations for improving operating procedures and policies.
  • Assists with review of various reports and accounting documents.
  • Assists in making recommendations for the recruitment, selection, and hiring of section staff. Evaluate individual performance, prepare and conduct performance reviews, counsel employees, and administer disciplinary actions. Analyzes and resolves work problems; assists employees in solving work issues.
  • Perform month-end and year-end closing activities.
  • Completes special projects as assigned.

Qualifications:

  • Bachelor’s degree in Accounting, Auditing, Finance or closely related area with a minimum of approximately seven years related experience, three of which are at the senior level preparing (and presenting as needed) high level accounting reports and materials having extensive Board and executive management visibility. Requires significant advanced experience utilizing complex accounting techniques and two years governmental fund accounting experience. CPA or similar certification and/or related advanced degree preferred.

Knowledge of:

  • Governmental fund accounting.
  • OCTA organization, operations, policies and objectives.
  • Generally Accepted Accounting Principles for Government (GAAP).
  • Government Accounting Standards Board Statements (GASB).
  • Accounting practices and procedures.
  • Audit methods and practices.
  • Effective oral and written communications skills.
  • Automated financial systems.
  • Microsoft Office suite including Excel, Access, Word, PowerPoint and Outlook.
  • Principles of supervision, training, motivation, and performance evaluation.

Ability to:

  • Exercise independent judgment in applying accounting principles to unique and complex situations.
  • Communicate technical concepts clearly and concisely, both orally and in writing, to all levels of management and staff.
  • Supervise staff and provide training, work direction and guidance.
  • Mentor and/or train Accounting staff members to; analyze and interpret complex accounting and other financial issues/information; prepare and edit written reports; interpret and apply applicable federal, state, and local laws, codes and regulations and interpret and apply administrative and departmental policies and procedures.
  • Use computer models and applications, including Microsoft Office suite software such as Excel, Access, Word, PowerPoint, Outlook, etc.
  • Exercise discretion in the use of confidential information.
  • Establish and maintain effective working relationships.

Working Conditions/Physical Activities:

(The physical demands described are representative of those that must be met by the employee to successfully perform the essential functions of this job. OCTA provides reasonable accommodation to enable individuals with disabilities to perform the essential functions).

Positions in this class typically require:

  • Work may be performed in a stressful, fast-paced office environment, depending upon assignment.
  • Requires ability to understand verbal communication and to respond effectively.
  • Positions in this class typically require: Reaching, Finger Dexterity, Grasping, Feeling, Talking, Hearing, Seeing, and Repetitive Motions in computer use.

Compensation and Benefits:

OCTA offers an attractive compensation and benefits package that includes medical, dental and vision health insurance programs, flex time (may be available), paid sick leave, paid vacation and holidays, short-term and long-term disability, life insurance, flexible spending accounts, retirement, deferred compensation plan, educational reimbursement, excellent in-house training programs, free transportation passes for the employee and dependents, wellness and ergonomic programs, and much more.

OCTA is an equal employment opportunity employer that recruits, hires, and promotes qualified people without regard to race, color, religion, creed, ancestry, national origin, age, sex, pregnancy, gender, gender identity and/or expression, sexual orientation, marital status, medical condition, disability, genetic information, military and veteran status, or other legally protected status.

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