Debt Accountant

Agency

Division

Job Classification Title

Position Number

Grade

About Us

Our mission is to preserve protect and sustain the states pension and healthcare plans generate investment returns in excess of comparable public pensions properly account for and report on all funds that are deposited invested and disbursed through the North Carolina Department of State Treasurer assure the financially sound issuance of debt for state and local governments maintain the states AAA bond rating and provide exemplary service across all divisions of the Department.

Description of Work

Knowledge Skills and Abilities/Management Preferences

The Financial Operations Division of the NC Department of State Treasurer is responsible for the efficient and prudent management of state-held assets. The Division is comprised of four areas: Procurement and Contracting Banking Operations Bank Reconciliation Unit and Accounting. Procurement & Contracting is the centralized function withinDSTthat ensures compliance and consistency in purchasing and contracting. Banking Operations serves as the banking hub for all State departments agencies institutions and universities. The Bank Reconciliation Unit is responsible for reconciling all of the State Treasurers bank accounts as well as reconciling budget code balances between the Office of State Controller andDST. Accounting manages the accounting and financial reporting for all funds that are deposited invested and disbursed through the Department of State Treasurer including the $150 billion investment pool and banking programs.

The Statewide Accounting Unit is responsible for Unclaimed Property Accounting Debt Accounting Budget and State Health Plan Accounting and compliance with theEAGLEinternal control program. The Pension and Investment Accounting Manager handles the accounting functions for the State Treasurers Banking and Investments programs Retirement Trust funds and the Supplemental Retirement Plans.

The Debt Accountant reports to the Statewide Accounting Manager.

Job Duties

• Prepares all transfers and requisitions for debt service principal and interest requirements and posts the payments to the debt service accounts promptly.
• Records all new debt immediately after settlement of the bonds at closing including all debt-related expenses related to new debt and the ongoing maintenance of bank accounts for debt proceeds.
• Develops and maintains up-to-date schedules of outstanding bonds and the amounts owed for principal and interest for debt service.
• Assists in year-end and monthly close-out of all budget codes and funds and prepares all long-term debt note disclosures for inclusion in the States Annual Comprehensive Financial Report (ACFR).
• Requests processes and records weekly draws of all General Obligation debt proceeds through the trustee bank. Receives analyzes and interprets all transactions involving debt including creating the necessary files to maintain documentation of those transactions for audit purposes. This includes the preparation of policies and procedures related to debt processes.
• Research the accounting requirements for all new and existing debt to ensure that all transactions are recorded properly and in accordance with GASB standards.
• Leads the EAGLE project including the identification along with management of accounts and processes that are most at risk for financial reporting.

Minimum Education and Experience

Some state job postings say you can qualify by an equivalent combination of education and experience. If that language appears below then you may qualify through either years of education years of directly related experience OR a combination of both. See the Education and Experience Equivalency Guide for details.

Knowledge Skills and Abilities / Competencies:

Qualified applicants must possess and application must clearly reflect work experience that demonstrates the following:

Recruitment Range: $55221 - $80000

Management Preference:

• Experience or knowledge in the principles and practices of public administration and governmental accounting.
• Experience or knowledge in the financial structure accounting system and financial procedures of the State of North Carolina.
• Four years of experience performing general accounting auditing or financial reporting activities.
• Proficiency in Microsoft Excel and Word.

Minimum Education and Experience Requirements:

Some state job postings say you can qualify by an equivalent combination of education and experience. If that language appears below then you may qualify through either years of education years of directly related experience OR a combination of both. See for details.

Bachelors degree in accounting or a degree in business administration finance or public administration

or

a related discipline from an appropriately accredited institution with 18 semester hours of accounting coursework; and four years of professional accounting/auditing experience in the preparation of interpretive or analytical accounting/ financial statements and reports.

or

Equivalent combination of education and experience.

NC State Health Benefits:
The State of North Carolina offers excellent comprehensive benefits. Employees can participate in health insurance options standard and supplemental retirement plans and the NC Flex program (numerous high-quality low-cost benefits on a pre-tax basis). Employees also receive paid vacation sick and community service addition paid parental leave is available to eligible employees.
Visit the website forState Benefits

Supplemental and Contact Information

The North Carolina Department of State Treasurer (DST) is an Equal Opportunity Employerthat embraces an Employment First philosophy which consists of complying with all federallaws state laws and Executive Orders. We are committed to reviewing requests for reasonable accommodation at any time during the hiring process or while on the job. For more information about DST:NCTreasurer NC Treasurer.

DST uses the Merit-Based Recruitment and Selection Plan to fill positions subject to the State Human Resources Act with the most qualified individuals. Hiring salary will be based on relevant qualifications internal equity and budgetary considerations pertinent to the advertised position.

In accordance with the Governors Executive Order 303 our agency supports second-chance employment for individuals who were previously incarcerated or justice-involved. We invite all potential applicants to apply for positions for which they may be qualified.

Application Process
Be sure to complete the application in its entirety.

• Information should be provided in the appropriate areas to include the following: Education including high school and all degrees obtained Work Experience and Certificates & Licenses. It is critical to our screening and salary determination process that applications contain comprehensive candidate information.
• Answers to Supplemental Questions are not a substitute for providing all relevant information within the body of your application. To receive credit for the supplemental questions you must provide supporting information within the Work Experience section of the application to support your answers.
• Applicantsmaybe subject to a criminal background check. All candidates selected for positions considered Positions of Trustwill besubject to a criminal background check.
• Due to the volume of applications received we are unable to provide information regarding the status of your application over the phone. To check the status of your application please log in to your account. Upon the closing date applications are Under Review and will be screened by Human Resources for qualified applicants. The hiring process may take several weeks.
• Degrees must be received from appropriately accredited institutions. Transcripts and degree evaluations may be uploaded with your State of North Carolina/Office of State Human Resources uses the National Association of Credential Evaluation Services (NACES) as a referral resource for applicants who need to have their credentials certified as equivalent.
• For a list of organizations that perform this specialized service please visit the NACES membership website at Credit Verification

  Degrees must be received from appropriately accredited institutions. Transcripts degree evaluations and cover letters may be uploaded with your application.

  Veterans and National Guard Preference

  • Applicants seeking Veterans Preference must attach aDD-214 Member-4 Form(Certificate of Release or Discharge from Active Duty) to their applications.
  • Applicants seeking National Guard Preference must attach an NGB 23A (RPAS) along with the state application if they are a current member of the NC National Guard in good standing.
  • Applicants who are former members of either the NC Army National Guard or the NC Air National Guard with honorable discharge and six years of creditable service must attach a copy of the DD 256 or NGB 22 along with the state application.

  ADA Accommodations

  Consistent with the Americans with Disabilities Act (ADA) and the Pregnant Workers Fairness Act (PWFA) DHHS is committed to the full inclusion of all qualified individuals. As part of this commitment DHHS will ensure that people with disabilities or known limitations covered by the PWFA are provided with reasonable accommodation. If reasonable accommodation is needed to participate in the job application or interview process please contact the person indicated below.

  Background Check

  • The selected candidate will be subject to a criminal history background check through Castle Branch.
  • One or more of the following may also be reviewed depending on the nature and requirements of the position: employment history professional references credit history and educational verification (i.e. degree license or official transcript).
  • The selected candidate will be required to pass the background check to the satisfaction of the North Carolina Department of State Treasurer. All offers of employment are conditional until the satisfactory completion of the background check.

  EEO Statement

  The State of North Carolina is an Equal Employment Opportunity Employer and is dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination harassment or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy childbirth or related medical conditions; and for religious beliefs observances and practices.

  Contact Information:

  If there are any questions about this posting other than your application status please email the NC Department of State Treasurer at .

  Minimum Education and Experience

  Some state job postings say you can qualify by an equivalent combination of education and experience. If that language appears below then you may qualify through EITHER years of education OR years of directly related experience OR a combination of both. See the Education and Experience Equivalency Guide for details.

  EEO Statement

  The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination harassment or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy childbirth or related medical conditions; and for religious beliefs observances and practices.

  Recruiter:

  Tameka Sherrell Leach

  Recruiter Email: