GAAP ACCOUNTANT

POSITION SUMMARY

Under administrative direction of the GAAP Coordinator, performs a broad range of accounting and financial activities for the Department of Central Management Services (CMS) leading up to the preparation of fund financial statements and the annual Generally Accepted Accounting Principles (GAAP) reporting process. Prepares journal entries and financial reports in compliance with GAAP. Travels to attend meetings, training sessions, seminars, and conferences.

POSITION 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 written entries to journalize amounts in accordance with GAAP as promulgated by the Comptroller in the Comptrollers’ Statewide Accounting Management System (SAMS) Procedures Manual.
• 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; enters all adjusting and reclassification entries, and rolls-up and verifies applicable funds applications; prints and assembles fund packages and non-WEDGE SCO forms in a format prescribed by the agency for supervisory and management review.
• Works with external, internal auditors and other applicable parties as assigned, to answer questions or explain records or the information provided in the GAAP packages or other 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 or bachelor’s degree other than accounting is acceptable if it includes at least 18 credit hours in accounting courses towards such degree.

PREFERRED QUALIFICATIONS

• Prefers working knowledge of accounting theory, principles, methods, and procedures.
• Prefers extensive knowledge of office methods, procedures, and standard office software packages (i.e., Microsoft Outlook, Access, Excel, Word, etc).
• Prefers two (2) years’ professional experience preparing complete financial statements (balance sheet, income statement, cash flow statement, footnotes) in accordance with Generally Accepted Accounting Principles (GAAP).
• Prefers one (1) year of professional experience effectively developing and maintaining cooperative working relationships.
• Prefers working knowledge with Systems, Applications & Products (SAP) in Data Processing and Quickbooks or equivalent accounting software.
• Prefers two (2) years’ professional accounting experience working for governmental type agencies.
• Prefers a registered or licensed CPA (Certified Public Accountant).

CONDITIONS OF EMPLOYMENT

• Requires the ability to travel.

ABOUT THE AGENCY

Central Management Services (CMS) is the operational engine working behind the scenes to enable the State's more than 60 agencies, universities, boards, and commissions to deliver efficient, reliable services to all Illinois citizens. The Agency's mission is to support the State by delivering innovative, responsive, and effective services that provide the best value for Illinois State government and the people it serves. Among the services CMS provides are human resources facilitation; benefits programs for employees, retirees and local governments; property and facilities management; diversity initiatives for public contracting and State employment; joint purchasing support; vehicle fleet oversight and support; surplus property programs; print and electronic communications services; and administrative hearings coordination.

STATE OF ILLINOIS BENEFITS

As a State of Illinois employee, you receive a comprehensive benefits package including:

• Competitive Group Insurance benefits including health, life, dental and vision plans.
• Flexible work schedules (when available and dependent upon position).
• 10 -25 days of paid vacation time annually (10 days for first year of state employment).
• 12 days of paid sick time annually which carryover year to year.
• 3 paid personal business days per year.
• 13-14 paid holidays per year dependent on election years.
• 12 weeks of paid parental leave.
• Pension plan through the State Employees Retirement System.
• Deferred Compensation Program – voluntary supplemental retirement plan.
• Optional pre-tax programs -Medical Care Assistance Plan (MCAP) & Dependent Care Assistant Plan (DCAP).
• Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility.

For more information regarding State of Illinois Benefits follow this link: https://www2.illinois.gov/cms/benefits/Pages/default.aspx

If this opportunity appeals to you, please apply today!