Fiscal Analyst 3-Treasury & Investment Accounting

About us:

The Office of the State Treasurer (OST) is the financial hub for Washington State government serving as its bank and trusted fiscal steward. OST provides banking investment debt issuance and accounting services to state agencies while also partnering with local governments to deliver essential financial solutions. Our team of about 70 dedicated professionals works every day to strengthen public trust through responsible financial management exceptional customer service and a commitment to innovation and continuous improvement.

Opportunity:

The Office of the State Treasurer is seeking a detail-oriented Fiscal Analyst 3 to support our Treasury Accounting and Investment Accounting units. Initially the role will focus 75% on Treasury Accounting and 25% on Investment Accounting. Duties will evolve over time as cross-training expands and organizational needs develop across Accounting Services.

Treasury Accounting:

As a senior specialist you will support the Treasury Accounting Unit in fulfilling its mission by performing advanced accounting functions including managing and overseeing OST fund transfers reconciling Treasury funds across multiple financial systems performing interest allocation and ensuring compliance with all applicable state and federal accounting standards statutes and regulations.

You will work closely with the Treasury Accounting Supervisor IT staff and agency personnel daily. This ongoing collaboration is essential to ensure that all financial activity is accurately recorded maintained and reported in accordance with accounting standards and statutory requirements.

Investment Accounting:

Additionally the senior specialist in this role will work alongside a team of dedicated accountants specialized in investment accounting to serve state agencies and local governments by maintaining the official records of ownership and accounting for investment transactions. You will perform daily reviews and analysis of financial data and play a significant role in ensuring prudent management of public funds.

Within OST investment accounting is performed for the Local Government Investment Pool (LGIP) the states core investment portfolio for the state bank accounts and investment portfolios for the Separately Managed Accounts (SMAs) program. Our fiscal analysts work collaboratively and rotate tasks to provide opportunities for cross-training and peer-to-peer support.

What we are looking for:

The ideal candidate will be detail oriented with critical thinking and problem-solving skills and a background in accounting auditing or addition they will be coachable with the ability to learn complex concepts quickly have effective written communication skills excellent time management and organizational skills and the aptitude to independently research and analyze fiscal data.

Successful candidates will demonstrate the following competencies:

Adaptability/Flexibility
Adapts easily to changing business needs adjusting effectively to work within new structures processes requirements or cultures to achieve successful solutions. Demonstrates openness to new and different ways of doing things.

Attention to Detail
Plans and organizes time and resources efficiently. Follows processes and procedures in the completion of work. Carefully monitors the details and quality of work and double-checks work product to ensure accuracy and consistency.

Analysis
Studies and reviews documents and information closely; readily identifies information that is not pertinent and understands when additional or verifying data is needed. Uses data and information in a clear and rational thought process to assess and understand issues evaluate options form accurate conclusions and make recommendations/decisions.

Managing Workloads
Effectively organizes and prioritizes multiple assignments often involving competing priorities to produce work products that are accurate thorough and on-time. Transitions easily between tasks; is able to incorporate project work into established workload and meet deadlines.

Commitment to Inclusiveness and Belonging
Integrates inclusive practices into daily interactions and operational routines. Encourages equitable participation in meetings ensures accessibility of information and models cultural awareness in communications and decision-making.

What you will do:

• Maintain schedules worksheets and accounting documents designed to ensure accounting data is accurate complete and in compliance with the United States Generally Accepted Accounting Principles (GAAP) and the Washington State Administrative and Accounting Manual (SAAM)
• Assist with audit reviews and preparation of monthly and annual reports
• Assist with preparing for an accounting system conversion from AFRS to Workday
• Conduct special projects research or other assigned duties and responsibilities as needed that directly support the OSTs business functions

Treasury Accounting:

• Analyze reconcile and monitor treasury funds across AFRS TM$ and cash management; assist agencies in resolving unbalanced in-process report discrepancies; and process necessary TMS corrections and adjustments
• Review and monitor the TMS reconciliation screen daily investigate and communicate variances for correction and verify accounting records for daily cash balances across all treasury accounts
• Compile and prepare treasury accounting information for reports and publications; analyze accounting data to produce monthly and annual General Fund and Receipts and Disbursements reports; and provide management and agencies with fund statuses and related analyses on complex accounting issues
• Coordinate execute and monitor fund transfers and accounts to ensure compliance with all accounting and statutory requirements
• Manage the Seizure and Forfeiture process within the OST overseeing cash transfer receipt processing and tracking in the Treasury Management System to ensure accurate accounting of all related transactions
• Process manual transfer JVs and investment earnings allocations provide required reports data and allocation factors to relevant sections and agencies
• Collaborate with IT staff to maintain and implement accounting management functions within TMS and regularly communicate with external agencies on treasury accounting activities
• Execute other annual tasks to support Treasury Accounting Manager (Disclosures Budget and Allotments)

Investment Accounting:

• Independently maintain and monitor investment accounting records in the agencys accounting system and the statewide accounting system (currently Agency Financial Reporting System AFRS)
• Review and verify daily investment activity against source documentation for investment purchases sales and other transactions
• Reconcile previous days transactions between accounting systems and ensure compliance with rules and regulations
• Determine the daily factor (earnings rate) that is used to apply the earnings to each participants investment in the LGIP. This daily process involves complex calculations including daily net earnings estimated expenses actual expenses and adjustments
• Collaborate with the accounting team to prepare for and implement accounting changes as required by GASB
• Communicate with OSTs Investment Division Cash Management Division and contracted custodial banks to resolve issues and/or implement new processes

Any combination of education and/or professional experience totaling at least four (4) years including at least 18 quarter or 12 semester hours in formal accounting courses or training.

• Demonstrated experience in analyzing processing reconciling and balancing transactions and accounting records

• Intermediate proficiency utilizing Microsoft Outlook and Excel

Desirable Qualifications

An associates degree or higher in a financial related field certification as a Public Accountant Internal Auditor Governmental Financial Manager or Management Accountant can be substituted for professional experience.

• Experience using V-Lookup and Pivot Tables
• Experience interpreting fiscal documents for compliance with GAAP and GASB
• Experience in resolving discrepancies and taking corrective action
• Knowledge of Washington State and state agency accounting policies

Throughout our selection process we will also evaluate candidates for knowledge skills abilities behaviors and capacity for effective leadership that aligns with our agency culture.

If you have transferable skills or related experience please highlight them in your application package. Youre also welcome to contact us with questions about the qualifications and how your background may align.

How to Apply
To apply please complete your online profile at and be sure to include:

• A letter of interest sharing how your experience and interests connect with the qualifications for this role
• Your current resume

A background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the candidates suitability and competence to perform in the position.

Schedule Hours of Operation & Location:
Our hybrid work model offers the flexibility of remote work combined with regular in-person collaboration. Employees are required to be onsite for a minimum of two days per month. After successfully completing the review period and demonstrating the ability to work independently schedules may be tailored to fit the role individual work style and specific position requirements.

Remote work arrangements should be adjusted as needed to complete work assignments support office operations and attend mandatory meetings and training.

Our office operates Monday through Friday with core business hours from 8:00 a.m. to 5:00 p.m. The duty station for this position is Olympia Washington located in the Legislative Building on the Capitol Campus.

Benefits:
Washington State offers a competitive benefits package. Beyond the traditional benefits such as health insurance life insurance and retirement benefits we offer flex spending accounts dependent care assistance deferred compensation 12 paid holidays paid vacation and sick leave. Click on the Benefits tab near the top of the page to learn more.

Equal Employment Opportunity (EEOC):
OST is an equal opportunity employer; committed to providing employees with a work environment free of discrimination and harassment. OST provides equal access and opportunity to anyone who qualifies regardless of immigration status on the bases of race color religion national origin sex (including pregnancy and related conditions sexual orientation or gender identity) age (40 and older) disability genetic information (including employer requests for or purchase use or disclosure of genetic tests genetic services or family medical history) retaliation for filing a charge reasonably opposing discrimination or participating in a discrimination lawsuit investigation or proceeding.

Recruitment access assistance and contact information: For questions about this recruitment or for applicants in need of assistance during the application process please contact Nadine Sordahl at or via email to TTY users should first call 711 to access the Washington Relay Service.