Financial Accountant - Receipting

State of OklahomaOklahoma City, OK, US

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Financial Accountant - Receipting

Under administrative direction of the Deputy Chief Financial Officer, the Financial Accountant is responsible for financial reporting and accounting functions in the Finance Division of the Teachers' Retirement System of Oklahoma. The incumbent is expected to work cooperatively as a member of the TRS team, incorporating the agency's Mission, Vision and Values.

This position is assigned professional level work in the maintenance, analysis, interpretation and management of financial accounting data. This may include the preparation and posting of various journals, ledgers and accounts, analysis and presentation of financial data, review of various vouchers and invoices, allocation of funds to various accounts or functions, and other similar activities. Prepares and evaluates reports on a monthly basis using information obtained from the System's accounting program to look for anomalies.

The essential duties of this position include, but are not limited to, the following :

Receipt all checks and warrants received daily from employers, members and financial institutions. Prepare a report showing the allocation of daily revenue.
Prepare the daily deposit for monies received and provide a copy to the Deputy Chief Financial Officer who oversees cash management.
Run reports in the State's PeopleSoft Accounting system and enter payments received through Inter / Intra Agency transfers, maintain an Excel file of pending funds received through these transfers, reconcile and receipt these funds with the System's accounting program. This function requires contacting and being the point of contact for agencies and employers who submit payments by EFT through the Office of the State Treasurer and submit reports to TRS for Member contributions.
Primary Finance department contact for members who are retirees. This function requires communication with members and researching their monthly benefit payments and annuities. This includes reviewing for discrepancies in banking information, tax withholdings, and changes in monthly benefits. This may also involve entering payments into the System's accounting program to reissue monthly benefits to members.
Prepare and process Federal and State income tax deposits daily.
Process monthly dues to OREA and RPOE and provide monthly report to appropriate Finance staff.

The Back-up duties of this position include but are not limited to the following :

Submission of check files to OST

Submission of Debit files to OST

Qualifications and experience :

Bachelor's degree in accounting, finance, or business-related field; or a combination of education and experience, substituting one year of accounting or bookkeeping for each year (or 30 hours) of the required degree.

Preference may be given to individuals with an accounting degree and business accounting experience.

Knowledge / Skills / Abilities :

Apply generally accepted accounting principles and theories

Utilize knowledge of governmental accounting standards

Navigate current computer software, office systems, and equipment

Review and analyze financial information

Prioritize tasks and meet deadlines

Investigate and resolve payment discrepancies or disputes

Possess strong attention to detail in calculations and data entry

Maintain routine accounting data in appropriate ledgers and journals

Perform highly independent work and exercise initiative

Make independent decisions in accordance with laws, rules and regulations

Apply policies to difficult problems

Follow complex oral and written instructions in detail and with accuracy

Possess effective communication skills, demonstrating proficiency in both oral and written communication

Establish positive and effective working relationships with others

Demonstrate integrity and a high degree of ethics

Physical demands :

Use hands to finger, handle, or feel

To talk or hear

Frequently walk, sit, and reach with hands and arms

Sit at a desk and work on a computer and / or phone for prolonged periods of time

Occasionally life and / or move up to 10 pounds

Specific vision abilities include close and distance vision

Equal Opportunity Employment

The State of Oklahoma is an equal opportunity employer and does not discriminate on the basis of genetic information, race, religion, color, sex, age, national origin, or disability.

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Financial Accountant • Oklahoma City, OK, US