Caltrans District 3 · 8 hours ago
ACCOUNTING ANALYST
Sacramento, CA
Contract
Hybrid
Entry, Mid Level
$4,256/mo - $6,591/moCaltrans District 3 is part of the State Controller's Office, which ensures accountability and transparency of California's financial practices. The Accounting Analyst will perform various accounting duties related to managing securities and unclaimed property, ensuring accurate record-keeping and compliance with state laws.
Government Administration
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
Knowledge of accounting principles and procedures
Investment/securities knowledge
Ability to analyze data and draw sound conclusions
Ability to prepare clear, comprehensive, and concise reports
Ability to organize and establish workload priorities, work well under pressure, and exercise initiative and flexibility
Ability to multi-task
Strong analytical and research skills, as well as the ability to use good judgment
Excellent communication skills
Ability to work effectively both independently and cooperatively with others
Ability to interpret and apply laws, rules, standards and procedures
Knowledge and experience with personal computers utilizing Microsoft Outlook, Microsoft Teams, Word, Excel, Access, etc
Self-motivated, dependable, and a positive attitude
Benefits
Employee gym access
Amenities center
Company
Caltrans District 3
Caltrans District 3 is a government administration company based out of 703 B ST, Marysville, California, United States.
Founded in 1895Marysville, California, US
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase