• Job Description

  Req#: 3566968
  THIS ANNOUNCEMENT IS A REBULLETIN TO CONTINUE THE FILING FOR THIS EXAMINATION THAT WAS SUSPENDED ON AUGUST 23, 2022, AND UPDATE INFORMATION IN THE FOLLOWING SECTIONS: SALARY, VACANCY, AND DELETION OF COVID-19 VACCINATION REQUIREMENTS.
  
  PERSONS WHO PREVIOUSLY APPLIED AND WHOSE APPLICATIONS WERE ACCEPTED NEED NOT REAPPLY, BUT MAY SUBMIT ANY UPDATED INFORMATION OR ADDITIONAL INFORMATION IF THEY WISH VIA EMAIL TO cchan@lacera.com. THE INFORMATION MUST INCLUDE THE CORRECT EXAMINATION TITLE AND NUMBER. INDIVIDUALS WHOSE APPLICATIONS WERE NOT ACCEPTED DUE TO INCOMPLETE INFORMATION MAY REAPPLY FOR THIS EXAMINATION .

  
  

  This examination will remain open until the needs of LACERA are met and may close without prior notice.

  
  

  EXAMINATION INFORMATION: 9-0415-S, Bul#22-05

  TYPE OF RECRUITMENT: Open Competitive Job Opportunity
  
  Note: A 3% salary increase has been approved effective 1/1/2024.
  
  The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $75 billion retirement fund for the County of Los Angeles. We provide retirement, disability, and death benefits to eligible County employees and their beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, outside districts, and County employees. LACERA is one of the largest county retirement associations in the United States with over 184,000 members. Our membership is comprised of individuals from a diverse range of careers, age groups, and ethnicity - all contributing to the greater welfare of Los Angeles County.

  Benefits include health insurance, annual leave, sick leave, retirement, paid holidays, and ride share program.

  LACERA Values: We work together toward achieving our mission through our shared Values.

  Our Values include Professionalism, Respect, Open Communication, Fairness, Integrity, and Teamwork.

  ABOUT THE POSITION:
  Accountants are allocated to the Financial and Accounting Services Division and are responsible for performing journey-level professional accounting work for LACERA. Under supervision of a higher-level accounting professional, incumbents are expected to exercise initiative and independent judgement within defined accounting procedures and principles.
  
  Accountants are assigned to either the General Accounting or Investment Accounting Section and perform a variety of accounting functions requiring a professional level of knowledge of accounting principles and practices, including disbursements, direct investments, public market, reconciliations, or reporting and compliance; general office procedures; and accounting software.
  
  

  Vacancy Information: The resulting eligible register will be used to fill both current and future vacancies throughout the Financial and Accounting Services Division.

  
  Work Schedule: This full-time position is required to work a 5/40 schedule (e.g. an eight (8) hour day, Monday through Friday) for at least the first six (6) months of employment.
  
  CERTIFICATION BONUS: Any permanent, full-time employee working in this classification possessing a valid Certified Public Accountant (CPA) by the California Board of Accountancy 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.The following examples are intended to describe the general nature and level of work performed by persons assigned to each classification. Depending on the assignment, duties may include, but are not limited to the following:
  
  Performs a variety of staff, systems, and cost accounting assignments in connection with the overall operation of a moderate or large scale accounting system and has immediate responsibility for one or more of the following:
  
  Interpreting the accounting and other financial provisions of a variety of laws and regulations, recommending steps for their implementation.
  
  Conducting the less complex cost surveys, revenue analyses, and accounting systems and procedural studies, writing reports of findings in which recommendations for modifications or other action are made, and participating in installation of systems and procedures.
  
  Compiling and evaluating complex consolidated and operating statements, final accountings for large construction and other projects large budgets, and claims for reimbursement from other government agencies or private contractors.
  
  Performing routine audits of the books of other governmental agencies or private contractors and writing audit reports; or conducting an internal audit program approaching in complexity the former.
  
  May serve as liaison with other County departments or governmental agencies concerning accounting matters.
  
  May supervise a small supporting accounting technical and clerical staff.
  
  May review and participate in day-to-day accounting and bookkeeping operations such as setting up accounting books or subsidiary records, classifying accounting transactions, posting and journalizing, taking trial balance, reconciling and personally preparing year-end closing transactions as an incident to performing other more difficult accounting assignments.
  
  May be required to perform other duties as assigned.MINIMUM REQUIREMENTS:

  Completion of twenty-one semester 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.

  -AND-

  Either one year's professional accounting or auditing experience, or two years responsible or supervisory technical accounting experience.

  
  License: A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions.
  
  PHYSICAL CLASS II - LIGHT: Light physical effort which may include occasional light lifting to a 10 pound limit, and occasional bending, walking, stooping or squatting. Incumbents sit for extended periods of time. Work is performed in an office environment in a controlled climate.DESIRABLE QUALIFICATIONS:
  

  • Graduation from an accredited college or university with a Bachelor's Degree in Business Administration, Accounting, Economics, or Finance.
  • A valid Certified Public Accountant (CPA) license issued by the California Board of Accountancy.
  • Demonstrated professional accounting experience requiring compliance with GASB standards for public retirement systems or public employers that sponsor a pension plan.

  To receive credit for the above desirable qualifications, your application must clearly describe your experience.
  
  Knowledge of: Generally accepted accounting principles and practices including investment accounting, cost accounting, governmental accounting, and/or auditing; federal and state tax laws related to pension payments and payroll and disbursement withholdings; Governmental Accounting Standards Board (GASB) and other standard setting body pronouncements, which impacts LACERA's financial reporting requirements; investment security attributes and accounting methodologies for investment portfolios; monthly general ledger closings and related monthly financial statement preparation; treasury and banking management and applicable laws, rules and regulations; electronic payment methodologies including wire transfers, ACH, and direct deposit; interpersonal skills using tact, patience, and courtesy; customer service skills; principles and applications of the Microsoft Office Applications such as Outlook, Word, Excel, Project, and accounting and reporting software.
  
  Ability to: communicate clearly and effectively, orally and in writing; exercise initiative and independent judgment within defined accounting policies and procedures; research general accounting issues and provide recommendations for resolution; follow new and/or amended GASB or similar financial reporting pronouncements and/or commercial banking regulations; prepare monthly and annual financial and accounting reports; perform responsibilities with minimum supervision; manage multiple priorities/projects; establish and maintain effective working relationships with other staff internally and externally including actuaries, banks, auditors, and/or other consultants; assist with special/ad hoc projects; plan and organize own work.
  
  Those applicants, who meet the Minimum Requirements AND most closely match the desired qualifications, will be invited to participate in the examination process.
  
  EXAMINATION CONTENT: This selection process will consist of:
  
  Part I: A evaluation of application information and the desirable qualifications weighted 30%.

  Only qualified applicants as determined under Part I, will be invited to continue in the selection process under Part II.

  Part II: A multiple choice assessment of competencies required for this job weighted 70%.

  We will assess the candidate's knowledge and skills related to accounting principles, accounting operations, accounting math, general computer skills, Microsoft Excel, teamwork, interpersonal skills, workload management, and problem solving.

  Once you complete the assessments, you are not able to review them per Civil Service Rule 7.19.
  
  

  Transfer of Test Components:
  

  • Applicants who have taken identical components recently for other exams may have their scores automatically transferred to this examination.
  • This assessment contains test components that may be used in the future for new examinations and your test responses may be transferred.
    

  CANDIDATES MUST ACHIEVE A PASSING SCORE OF 70 PERCENT OR HIGHER ON THE WEIGHTED PORTIONS OF THE EXAMINATION IN ORDER TO BE PLACED ON THE ELIGIBLE REGISTER, WHICH IS VALID FOR 12 MONTHS.

  
  Those candidates which are determined eligible for hire under the Los Angeles County's Civil Services Rules may be invited to the selection process which may be comprised of a selection interview and/or job related assessments.
  
  SELECTIVE CERTIFICATION:
  In accordance with TITLE 5—PERSONNEL, APPENDIX 1 (Civil Service Rule 11.03) of the Los Angeles County Code, selective certification will be used for some positions that require special skills and/or training. A Selective Certification may be established for the following area of accounting:
  
  

  • Investment Accounting

  Specific knowledge of and experience with the specialized functional areas may be the subject of a selection interview and/or job related assessments as a result of the Selective Certification lists. If you wish to be considered in any of the areas above, please clearly indicate the specialized experience in your application and Supplemental Questionnaire.
  
  EXAMINATION NOTIFICATIONS: All selection invitations (e.g.. oral, performance, written, etc.) and/or special notices will be sent to candidates via email to the email address provided on the official application only. Ensure your email address is correct at the time of filing. Allegations of not receiving the email notification to the email address provided on the official application will not be considered an acceptable reason to authorize an early or late examination administration.
  
  For the foreseeable future, all notices including invitation letters, results letters and notices of non-acceptance will be sent electronically to the email address provided on the application. It is important that applicants provide a valid email address.
  
  Please add cchan@lacera.com and info@governmentjobs.com to your email address book and to the list of approved senders to prevent email notifications from being filtered as SPAM/JUNK mail. Please note, if you opt out of receiving emails, you can visit governmentjobs.com, log into your profile and check your inbox. The inbox retains a copy of all emails sent, for your records.
  
  DO NOT select "Off" under Email Preferences within your profile or click "Unsubscribe" on our notices if you would like LACERA to notify you regarding your application status, test schedules, and other important information pertaining to your candidacy for this position. LACERA will not consider allegations of not receiving the email notification as an acceptable reason to authorize a reschedule or late exam administration.
  
  ELIGIBLE INFORMATION: The names of candidates receiving a passing grade will be placed on the eligible register in the order of their score group for a period of twelve (12) months following the date of promulgation.
  
  APPLICATION AND FILING INFORMATION:
  Application must be submitted online. Applicants can check the status of their applications at any time by logging into their account on www.governmentjobs.com
  
  The acceptance of an employment application depends upon whether or not an applicant has provided adequate information that clearly demonstrates meeting the Minimum Requirements for the position as stated above. Please complete the application and supplemental questionnaire thoroughly and completely. Information provided in the supplemental questionnaire must be reflected in the application to be considered.
  
  Failure to provide complete information on the employment application and on the supplemental questionnaire will impact the assessment of an applicant's qualifications and acceptance in the selection process.
  
  Applications submitted without the complete work history and the supplemental questions completed in their entirety will be rejected as incomplete. "See application" or "See resume" or copy and paste of work experience is not sufficient or qualifying responses.
  
  Resumes will not be accepted in lieu of the completed application or supplemental questionnaire.
  
  In the space provided for education, include the names and addresses of schools attended, and number of credits, degree, and/or certificate(s) earned.
  
  In order to receive credit for any college course work, or college degree, such as an Associate, Bachelor, Master, Doctorate degree, or for completion of a certificate program, you must include a legible copy of the official diploma, official and/or unofficial transcripts, or an official letter from the accredited institution which shows the area of specialization or official certificate(s) at the time of filing or within ten (10) business days from application submission date.
  
  Applicants must provide the appropriate attachments during application submission, email the documentation to humanresources@lacera.com within ten (10) business days of filing. Please include the examination title and number on the documentation.
  
  Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.
  
  Your employment history should be listed in order beginning with the most recent.
  
  For each job held, provide the name and address of your employer, your job titles, beginning and ending dates, description of work performed, and reason for leaving.
  
  If you have worked in more than one position for one employer, list each job title and/or area of assignment separately on the application to demonstrate your experience in various assignments/occupational areas.
  
  Part-time experience will be evaluated on the basis of its fractional equivalent of a 40-hour workweek.
  
  All required experience must be paid.
  
  This position may require working evenings, weekends, and holidays.
  
  TO APPLY ONLINE GO TO: www.lacera.com and click on the Careers link.
  
  Faxed, emailed, or hardcopy (paper) applications will not be accepted.
  
  COMPUTER AND INTERNET ACCESS AT PUBLIC LIBRARIES: For candidates who may not have regular access to a computer or the internet, applications can be completed on computers at public libraries throughout Los Angeles County.
  
  Candidate(s) who complete examination process with acceptable results will be considered by the Department hiring authority. Upon an offer of employment, a comprehensive background investigation will be conducted, which includes verification of experience, and/or education, credit history, and fingerprinting through the California Department of Justice and the Federal Bureau of Investigation.
  
  BACKGROUND CHECK:
  Except for a very limited number of positions, candidates will not be asked to provide information about conviction history until they receive a contingent offer of employment. LACERA will make an individualized assessment of whether or not a candidates conviction history has a direct or adverse relationship with the specific duties of the job, and consider potential mitigating factors, including but not limited to; evidence and extent of rehabilitation, recency of the offense(s), and age at the time of the offense(s). If asked to provide information about conviction history, any convictions or court records which are exempted by a valid court order do not have to be disclosed.
  
  IMPORTANT NOTE:
  Please note that ALL information included in the application materials is subject to VERIFICATION at any point during the examination and hiring process, including after an appointment has been made. FALSIFICATION of any information may result in DISQUALIFICATION or RESCISSION OF APPOINTMENT.
  
  Utilizing VERBIAGE from the Classification Specification, Minimum Requirements, and/or Desirable Qualifications serving as your description of duties WILL NOT be sufficient to demonstrate that you meet the requirements. Doing so may result in an INCOMPLETE APPLICATION and you may be DISQUALIFIED. Applications may be rejected at any stage of the examination process.

  If you have a disability and need an accommodation, please contact our ADA Coordinator. The sooner you contact us, the sooner we can respond without any time loss for you on the recruitment.

  Requests for accommodation: humanresources@lacera.com
  Teletype Telephone: (800) 899-4099
  Department Contact Name: Connie Chan
  Department Email: cchan@lacera.com

• About the company

  LACERA is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts. We are the largest county retirement system in the United States.

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