GAAP ACCOUNTANT

Job title: GAAP ACCOUNTANT

Company: State of Illinois


Job description: ​Agency: Department of Financial and Professional RegulationDivision/Section/Unit: Fiscal Operations / Fiscal Operations / Fiscal Operations
HR Tracking #: 36614
Position Title: GAAP Accountant
Class Title: GAAP ACCOUNTANT – 73500
Skill Option: None
Bilingual Option: None
Closing Date/Time: 11/26/2024
Salary: Anticipated starting salary $5,000 per month. Full range $5,000 – $7,083 per month
Job Type: Salaried
Category: Full Time
County: Sangamon
Number of Vacancies: 1
Plan/BU: None****A RESUME IS REQUIRED FOR THIS JOB POSTING****Please attach a DETAILED Resume/Curriculum Vitae (CV), a copy of your transcripts or diploma for all degrees earned, and a copy of any applicable professional licensures to the MY DOCUMENTS section of your application. Please note that the Department of Financial and Professional Regulation must verify proof of higher education for any degree earned (if applicable) before any offer can be extended. You WILL NOT be considered for the position if you attach a CMS100, CMS100b or any other document in lieu of a Resume or CV.Why Work for Illinois?
Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.
No matter what state career you’re looking for, we offer jobs with a generous total compensation package that fit your life and your schedule—flexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.Position OverviewUnder general supervision, performs professional accounting functions related to the examination, maintenance, preparation, reconciliation and analysis of financial statements, ledgers, journals and reports for the Department of Financial and Professional Regulation (DFPR) in compliance with GAAP policies.State of Illinois Benefits

• Health, Life, vision, and dental insurance
• 12 weeks paid maternity/paternity leave
• Pension Plan – Vesting at 10 years for Tier II
• Full 20-year retirement awards free health insurance during retirement
• Deferred compensation and other pre-tax benefits programs
• Paid state holidays, 12-14 days annually
• 3 paid Personal Business Days annually
• 12 Paid Sick Days annually (Sick days carry over year to year)
• 10-25 Days of Paid Vacation time annually (10 days in year one of employment)
• Personal, sick, and vacation rates modified for 12 hour work schedules (as applicable)
• Employee Assistance Program and/or mental health resources
• For more information about our benefits please follow this link: https://www2.illinois.gov/cms/benefits/Pages/default.aspx

Essential Functions

• Under supervision, extracts, quantifies and compiles dollar amounts, converting from cash to either modified accrual or accrual basis in order to prepare monthly, quarterly, and annual financial reports.
• Prepares monthly, quarterly and other financial reports and reconciliations for internal use or as required by the Comptroller for the funds assigned, including reconciliations of cash, appropriations, expenditures, fixed assets, accounts receivable, accounts payable, lapse period expenditures and other required or assigned financial reports for supervisory or management review.
• Completes Comptroller financial reporting SCO forms (both computerized and manual) for use in the annual GAAP reporting process.
• Works with external, internal auditors, the FOIA officer, and other applicable parties as assigned, to answer questions or explain records or the information provided in the GAAP packages or other financial reports.
• Assists in the preparation of documentation for the Department’s annual budget and submission to the Chief Financial Officer.
• Assists in financial reporting for DFPR. Assists in the completion of converting financial information from cash to either modified accrual or accrual basis in order to prepare monthly, quarterly, and annual financial reports.
• Performs other duties as required or assigned, which are reasonably within the scope of duties enumerated above.

Minimum Qualifications

• Requires a bachelor’s degree in accounting; A bachelor’s degree in business administration is acceptable if it includes at least 18 credit hours in different accounting courses toward such degree.
• Requires two years of experience preparing complete financial statements (balance sheet, income statement, cash flow statement, footnotes) in accordance with Generally Accepted Accounting Principles (GAAP), preferably for governmental type agencies.

Requires working knowledge of office methods, procedures and standard office software packages (Microsoft Outlook, Access, Excel, Word, etc).Preferred Qualifications

• Prefers active licensure as a Certified Public Accountant or Registered Public Accountant.
• Prefers at least seven years of experience preparing financial reports in accordance with Generally Accepted Accounting Principles.
• Prefers at least seven years of accounting experience.
• Prefers at least seven years of experience analyzing complex accounting records and reports

Conditions of EmploymentRequires completion of a background check and self-disclosure of criminal history.The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.Agency StatementIDFPR is a regulatory licensing and enforcement agency that protects the residents of Illinois, ensures the safety and soundness of financial institutions, ensures that competent professionals are licensed to provide services to the public, and enhances commerce in the state for the benefit of all its residents.​Work Hours: Monday – Friday 8:30 am – 5:00 pm
Work Location: 320 W Washington St, Springfield, Illinois, 62767
Agency Contact: [email protected]
Posting Group: Fiscal, Finance & ProcurementApplication instructions:Use the “Apply” button at the top right or bottom right of this posting to begin the application process.If you are not already signed in, you will be prompted to do so. State employees should sign in to the career portal for State of Illinois employees – a link is available at the top left of the homepage in the blue ribbon.Non-State employees should log in on the using the “View Profile” link in the top right of the homepage in the blue ribbon. If you have never before signed in, you will be prompted to create an account.If you have questions about how to apply, please see the following resources:State employees: Log in to the for State employees and review theNon-State employees: on – click “Application Procedures” in the footer of every page of the website.The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:

• [email protected]
• [email protected]

Expected salary: $5000 per month

Location: Springfield, IL

Job date: Wed, 13 Nov 2024 23:07:05 GMT

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