California State Controller's Office · 3 hours ago
ACCOUNTING ANALYST
Sacramento, CA
Full-time
Hybrid
Entry, Mid Level
$4,256/mo - $6,831/moThe California State Controller's Office is seeking an Accounting Analyst to join their Unclaimed Property Division. The role involves maintaining records related to securities, analyzing and reconciling financial data, and developing accounting procedures to ensure compliance with state laws.
EnergyRenewable Energy
Responsibilities
Maintain records related to the Securities Remit Report Processing, Sale of Securities, and Securities Portfolio Management. Work with internal and external resources to resolve securities related issues. Analyze, research, and review security accounts in accordance with laws and regulations governing the Unclaimed Property program. Reconcile security issues in the Unclaimed Property system (UPS2000) against statements received by the SCO’s contracted broker. Identify securities eligible for sale, post all corporate actions to current on the security issues, and process securities sale, enabling cash proceeds from the sale to be posted to UPS2000 and available for future processing as cash claims instead of security claims. Create and maintain worksheets for security reconciliation documentation and for detailed tracking of securities transactions posted in UPS2000 to effectively manage the securities portfolio. Assist UPD staff with less complex issues related to sales of securities. Maintain all sales related records accurately
Analyze and verify that posting of shares and monies received as a result of corporate actions and securities sales are complete to ensure accurate data is posted to the system (UPS2000). Provide updates and make recommendations to management regarding how to resolve outstanding sales transactions to ensure the securities portfolio is accurately maintained. Gather, analyze, compile and process sales of securities data to generate a sales forecast report for the following fiscal year projected sales. Conduct a research and process property write offs for completely worthless securities removed from accounts by the contracted broker. Prepare correspondence, review submitted documents and maintain records related to the sales of privately held securities. Review notifications of received certificates and process deposits to contracted broker account to make certificated shares available for future claims or sales. Maintain records related to the SCO’s contracted broker. Prepare requests to make necessary corrections to the records in UPS2000 due to system conversion errors and system restrictions
Communicate with the SCO’s contracted security broker regarding status of stock remitted to the SCO and methods of security payment transfers between broker accounts. Assist in providing training to other SMRU staff on desk procedures and perform peer/second reviews of the assignments as directed by the unit supervisor and the section manager. Work on special projects and provide reports requested by management
Develop accounting procedures appropriate for and specific to the Unclaimed Property program. Interpret and disseminate information regarding the Unclaimed Property Law and UPD Policy to holders of unclaimed property. Advise UPD management regarding securities and market trends and interpret accounting data to identify problem areas and recommend corrective measures. Draft applicable correspondence and provide accounting information and reports to management. Report system problems and make recommendations for system enhancements
Qualification
Required
A copy of your degree, transcripts, or degree evaluation is required
Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position
Degree and/or School Transcripts
Preferred
Resume is optional. It may be included, but is not required
Company
California State Controller's Office
As the chief fiscal officer of California, the fourth largest economy in the world, the Controller is responsible for accountability and disbursement of the state’s financial resources.
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase