Address: 3010 E. Camelback Rd. Suite #200
Phoenix AZ 85016

Salary: $76000 - $105000

Grade: 24

Closing Date: January 21 2026

*Please Note: This is a hybrid position with on-site and remote work.

**Please Note: This is an Internal PSPRS only announcement open to current PSPRS employees only.

Are you looking for a career where you can make a difference Would you like to be part of a culture that promotes learning and collaboration while helping employees with what they need to succeed and thrive If so Public Safety Personnel Retirement System (PSPRS) is looking for talented people who will help us achieve our goal of honoring the contributions and sacrifices of Arizonas public safety employees by providing outstanding service to those who protect and govern our state. At PSPRS we understand that it begins with outstanding talent. It all begins with you. Join our diverse and inclusive team where youll feel valued and inspired to contribute your unique skills and experience.
The mission of Public Safety Personnel Retirement System is to deliver unparalleled service in providing retirement benefits to Arizonas community of police officers firefighters corrections officers judicial and elected officials. PSPRS serves approximately 60000 active and retired public employees. We offer competitive pay and excellent benefits to those eager to serve our membership and mission. Interested applicants can visit to learn more about our agency.

JOB SUMMARY:

PSPRS is currently seeking a highly motivated and reliable Accounting professional to join its Investment Operations (IO) team. Reporting to the Director of Investment Operations this role works closely with the other members of IO team as well as Compliance and Legal departments and is primarily responsible for processing and tracking all cash and asset movements/transactions (capital calls security trades and various other income and expense-related transactions as applicable). It also is responsible for maintaining internally and reconciling accounting records for all of the Trusts investments which currently include commingled and separate accounts of liquid and illiquid securities (private equity and similar drawdown-type funds hedge funds passively traded SMAs and various co-investment vehicles) in accordance with the industry best practices. Other duties include NAV and capital commitment reconciliations investment fee/expense validation tax reclaims processing as well as periodical and ad hoc reporting on accounting positions and transactions. Finally this role involves clearing exceptions identifying and promptly addressing any issues that affect the accuracy of the accounting book of record and overseeing/ensuring the overall integrity and consistency of same.

This position may offer the ability to work remotely within Arizona based upon the departments business needs and continual meeting of expected performance measures.

The State of Arizona strives for a work culture that affords employees flexibility autonomy and trust. Across our many agencies boards and commissions many State employees participate in the States Remote Work Program and are able to work remotely in their homes in offices and in hoteling spaces. All work including remote work should be performed within Arizona unless an exception is properly authorized in advance.

The Investment Accountant is responsible to:

• Process investment-related transactions largely consisting of internal and external cash transfers by using the custodian bank proprietary online platform and/or letters of instruction in compliance with the established internal procedures and coordinating with multiple parties (both internal and external) to ensure timely trade execution.
• Reconciles investment-related activity reflected in internal ledgers vs. custodian records and/or external manager statements ensuring appropriate accounting treatment for all transactions; assuming full responsibility for documenting researching and resolving any discrepancies within reasonable time frames.
• Assists with the monthly close activities and ad hoc requests involving accounting data from internal and external stakeholders (investment consultants in-house and externally contracted legal professionals portfolio managers etc.). Handles various information requests related to audits and/or regulatory compliance.
• General organization and data management as it relates to:
  • All accounting records for externally and internally managed investments (including but not limited to monthly and quarterly statements cash flow notices and other pertinent fund documentation as well as transaction paperwork tax forms banking information etc.).
  • Various internally maintained schedules checklists templates and/ or forms pertaining to investment funding requests management fee provisions tax reclaims fund audit confirmations and other miscellaneous documentation on portfolio activity.
• Produces regular accounting reports for internal and external (public) consumption. Monitors and forecasts changes in portfolio asset allocation and cash position.
• Interacts with key stakeholders including external consultants Custodian Bank Trustees and other information managers.
• Analyzes complex financial and legal documents to evaluate accounting implications and making recommendations as necessary.
• With support and direction from Legal department and the custody bank handles and processes all investment-related tax compliance and reclaims documentation.
• Works collaboratively with Investments IO and/or Compliance staff to develop procedures and protocols that support new and/or enhanced products and services create workflow efficiencies and increase process adherence.
• Other duties as assigned.
  

Knowledge of:

• Key accounting principles concepts practices methods and techniques GAAP requirements; advanced expertise (or genuine interest in developing same) in investment fund accounting and reporting including Limited Partnerships and other alternative investment vehicles.
• Various investment structures and instruments including stocks bonds derivatives as well as hedge funds private equity private credit and real estate partnerships. Familiarity with investment fund economics valuation methodologies and various operational due diligence practices (preferred).
• Policies and procedures related to document management in a regulated private and/or public setting.
• Principles set by the Government Accounting Standards Board (GASB).
• Tax issues relating to domestic and international investment transactions/holdings.

Skill in:

• Fund accounting and reporting (familiarity and/or experience with investment/private partnership accounting a plus).
• Financial analysis cash flow modeling and reconciliation ability to create and utilize complex spreadsheets in MS Excel.
• Document management organizing multiple internal and external sources of data flow.
• Advanced interpersonal verbal and written communication skills.

Ability to:

• Complete all tasks including the most routine/mundane assignments with great attention to detail and strong sense of ownership.
• Prioritize and manage multiple tasks/projects while working in a fast-paced unstructured and highly dynamic environment.
• Exhibit excellent follow-through and teamwork skills under the pressure of deadlines.
• Accept a high degree of responsibility in an environment where mistakes can have significant financial consequences. Communicate openly and proactively about any issues and errors.
• Establish and maintain effective relationships necessary to meet operational goals and objectives with other teams/functions within the organization as well as across the network of its external partners.
• Take initiative to solve complex problems autonomously and proactively research and address errors and inefficiencies focusing on continuous improvement and taking into consideration the entire investment process.
  

• Advanced degree and/or continuing education in accounting/finance.
• Hands-on operational experience in the asset management industry (trade support/settlements portfolio reconciliation treasury operations fund accounting compliance or similar) strongly desired.
  

Employment is contingent on the selected applicant passing a background investigation to include credit and criminal history.

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business then the following requirements apply:Drivers License Requirements.

All newly hired State employees are subject to and must successfully complete the Electronic Employment Eligibility Verification Program (E-Verify).

At PSPRS we promote the importance of work/life balance by offering workplace flexibility a learning environment and a team oriented culture. Among the many benefits of a career with PSPRS are 10 paid holidays per year accrual of sick and annual leave affordable medical benefits participation in the Arizona State Retirement Plan (after 6 months of employment) optional participation in a 457 deferred compensation program and employer matching on employee deferrals in the 457 plan (limited to a matching of 6% of salary on a per pay period basis).

By providing the option of a full-time or part-time remote work schedule employees enjoy improved work/life balance report higher job satisfaction and are more productive. Remote work is a management option and not an employee entitlement or right. An agency may terminate a remote work agreement at its discretion.

Learn more about the Paid Parental Leave pilot programhere. For a complete list of benefits provided by The State of Arizona please visit our benefits page

Positions in this classification participate in the Arizona State Retirement System (ASRS). Please note that enrollment eligibility becomes effective after 27 weeks of employment.

If you have any questions please feel free to contact Andrew Goodwin at or for assistance.

The State of Arizona is an Equal Opportunity/Reasonable Accommodation Employer.

All newly hired employees will be subject to E-Verify Employment Eligibility Verification.