Accountant, LACERA (Investment Accountin...
LACERA 8 reviews - Pasadena, CA

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This examination will remain open until the needs of LACERA are met and may close without prior notice.

Examination Information : Examination Number: 9-0415L, Job Bulletin Number: 13-01

The position is assigned to the Financial and Accounting Services Division's (FASD’s) Investment Accounting Section. FASD is responsible for managing LACERA’s financial operations in accordance with established fiscal policies. FASD is divided into two operational areas: the Investment Accounting and General Accounting Sections.

The Investment Accounting Section is responsible for recording, monitoring, and reconciling financial transactions related to LACERA’s investment portfolio.

The General Accounting Section is responsible for the recording, monitoring, and reconciling financial transactions related to the collection of retirement contributions, payment of retiree benefits, and payment of administrative and non-administrative expenses. VACANCY INFORMATION: The current vacancy is in the Investment Accounting Section in Public Markets .

NOTE: LACERA requires all applications to be submitted online.

The following examples are intended to describe the general nature and level of work performed by persons assigned to each classification. Depending on the assignment, duties may include, but are not limited to the following:

Verify, analyze, classify, record, and reconcile investment transactions and portfolio holdings with the custodian bank, public markets investment fund managers, private equity partnerships and advisor's, and/or real estate advisor's to the general ledger and subsidiary ledgers.

Verify, process, monitor, and record investment funding, interest income, investment expenses, capital calls, return of capital, and cash and stock distributions.

Analyze and prepare ad hoc and regulatory investment related reports.

Interpret the accounting and other financial provisions of a variety of laws and regulations, and recommend steps for their implementation.

Conduct cost surveys, revenue analysis, and accounting systems and procedural studies, write reports of findings in which recommendations for modifications or other action are made, and participate in installation of systems and procedures.

Compile and evaluate complex consolidated and operating statements, final accountings for large construction and/or other projects with large budgets, and claims for reimbursement from other government agencies or private contractors.

Perform routine audits of the books of other governmental agencies or private contractors and write audit reports; or conducting an internal audit program approaching in complexity the former.

May serve as liaison with other County departments or governmental agencies concerning accounting matters.

May supervise a small supporting accounting technicians and/or clerical staff.

Participate in day-to-day accounting and bookkeeping operations such as setting up accounting books or subsidiary records, classifying accounting transactions, posting and journalizing, verifying trial balance, reconciling and personally preparing year-end closing transactions as a precursor to performing other more difficult accounting assignments.

May be required to perform other related duties as assigned.

Education: Completion of twenty-one (21) semester units of accounting including at least two (2) courses in advanced subjects such as cost accounting, governmental accounting or auditing in an accredited college, or equivalent accounting education.

  • AND-
Experience: Either one year's professional accounting or auditing experience.
Two (2) years responsible or supervisory technical accounting experience.

License: A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions .

Physical Class II - Light physical effort which may include occasional light lifting to a 10 pound limit, and occasional bending, walking, stooping or squatting. Incumbents sit for extended periods of time. Work is performed in an office environment in a controlled climate.

Graduation from an accredited* college or university with a Bachelor's degree in Business Administration, Accounting, Economics, or Finance.
A licensed Certified Public Accountant (CPA) by the California State Board of Accountancy.
Three (3) or more years of demonstrated professional work experience in investment accounting.
Demonstrated experience verifying, processing, monitoring, and recording investment transaction.
Demonstrated experience reconciling and analyzing investment fund financial statements.
Demonstrated experience preparing monthly financial ad hoc reports related to investment accounting.
Demonstrated experience managing multiple assignments and performing responsibilities with minimal supervision. *Accredited institutions are those listed in the publications of regional, national or international accrediting agencies which are accepted by the Department of Human Resources. Publications such as American Universities and Colleges and International Handbook of Universities are acceptable references. Also acceptable, if appropriate, are degrees that have been evaluated and deemed to be equivalent to degrees from United States accredited institutions by an academic credential evaluation agency recognized by The National Association of Credential Evaluation Services.

Knowledge of: generally accepted accounting principles and practices including cost accounting, governmental accounting, and auditing; implementation of new and/or amended GASB requirements; and investment accounting; security attributes and accounting methodologies for investment portfolios; interpersonal skills using tact, patience, and courtesy; customer service skills; principles and applications of the Microsoft Office Applications such as Excel, Word, Access, and accounting software such as Great Plains or other similar accounting software.

Ability to: communicate clearly and effectively, orally and in writing; exercise initiative and independent judgment within defined accounting policies and procedures; resolve investment transaction accounting problems; prepare monthly and annual financial and accounting reports; develop and implement work policies and procedures; perform responsibilities with minimum supervision; and establish and maintain effective working relationships with other staff internally and externally including investment managers and consultants, brokerage firms, banks, and auditors.

Those applicants, who meet the Minimum Requirements AND most closely match the Desired Qualifications, will be invited to participate in the examination process.

EXAMINATION CONTENT: All applications and supplemental information will be reviewed and evaluated on the basis of information submitted at the time of filing to determine the level and scope of the candidate’s preparation for the position.

All information supplied by applicants is subject to verification.

Those applicants who most closely match the desired qualifications, as determined by the evaluation of training and experience as evidenced on their application, will be invited to participate in the examination process.

This examination will consist of:
Part I: A qualifying evaluation of training and experience based upon the application information.

Part II: An Appraisal (Oral) Interview weighted 100%.

Only the applicants with the highest qualifications as determined by the screening process will be invited to participate in the appraisal (oral) interview.

The appraisal (oral) interview will assess the applicant’s knowledge, experience, education, and general ability to perform the essential functions of the position.


ELIGIBLE INFORMATION: The names of candidates receiving a passing grade will be placed on the eligible list/register in the order of their score group for a period of six (6) months following the date of promulgation.

COMPLETING YOUR APPLICATION: The acceptance of an employment application depends upon whether or not an applicant has provided adequate information that demonstrates meeting the Minimum Requirements for the position as stated above. Please complete the application and supplemental questionnaire thoroughly and completely.

Resumes will not be accepted in lieu of the official application

In the space provided for education, include the names and addresses of schools attended, and number of credits, degree, and/or certificate(s) earned.

In order to receive credit for any certification, college course work, or college degree, such as an Associate, Bachelor, Master, Doctorate degree, or for completion of a certificate program, you must include a legible copy of the official diploma, official and/or unofficial transcripts, or an official letter from the accredited institution which shows the area of specialization or official certificate(s) with your application.

Applicants must provide the appropriate attachments during application submission, email the documentation to , or fax a photocopy of the required documents to (626) 564-6699 within five (5) business days of filing On-line. Please include the examination title and number on the documentation.

Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.

For each job held, provide the name and address of your employer, your job titles, beginning and ending dates, description of work performed, salary earned, and reason for leaving.

Part-time experience will be evaluated on the basis of its fractional equivalent of a 40-hour workweek. All required work experience must be paid.

If you have had more than ten (10) years with one employer, please list each job title and/or area of assignment separately to demonstrate your experience in various assignments/occupational areas.

Applications submitted without the supplemental questionnaire will be rejected as incomplete.

Failure to provide all the information will result in your application being removed from consideration. This position may require working evenings, weekends, and holidays.

All information supplied by applicants is subject to verification. Applications may be rejected at any stage of the examination process.

Applications are required to be submitted on line. Applicants can check the status of their applications at anytime by logging into their account on

TO APPLY ONLINE GO TO: and click on the Careers link.

COMPUTER AND INTERNET ACCESS AT PUBLIC LIBRARIES: For candidates who may not have regular access to a computer or the Internet, applications can be completed on computers at public libraries throughout Los Angeles County.

Faxed or emailed applications will not be accepted.

Candidate(s) who complete examination testing with acceptable results will be considered by the Department hiring authority. Prior to an employment offer, a comprehensive background investigation is conducted, which may include verification of experience, education, credit history, and fingerprinting through the California Department of Justice. A job related pre-placement medical exam will be conducted upon issuance of a conditional offer of employment.

DISABILITY ACCOMMODATION: Pursuant to the Americans with Disabilities Act, if you require material in an alternate format or are an individual requesting reasonable accommodations in the examination process (e.g. assistance in applying for a position, special testing arrangements for readers, or interpreters,) please provide advanced notice of your needs, at least 72 hours, to John Nogales, coordinator of persons with disabilities, at (626) 564-6000 extension 4397. Hearing impaired applicants with TDD equipment may leave typewritten messages at (800) 899-4099.

RECORD OF CONVICTIONS: A full disclosure of all convictions is required. Failure to disclose convictions will result in disqualification. Not all convictions constitute an automatic bar to employment. Factors such as your age at the time of the offense(s), and the recency of offense(s) will be taken into account, as well as the relationship between the offense(s) and the job(s) for which you apply. However, any applicant for County employment who has been convicted of workers' compensation fraud is automatically barred from employment with the County of Los Angeles (County Code Section 5.12.110). ANY CONVICTIONS OR COURT RECORDS WHICH ARE EXEMPTED BY A VALID COURT ORDER DO NOT HAVE TO BE INCLUDED.

SOCIAL SECURITY ACT OF 2004: Section 419 (c) of Public Law 108-203, the Social Security Protection Act of 2004, requires State and local government employers to disclose the effect of the Windfall Elimination Provision and the Government Pension Offset Provision to employees hired on or after January 1, 2005, in jobs not covered by Social Security. The County of Los Angeles does not participate in the Social Security System. All newly hired County of Los Angeles employees must sign a statement (Form SSA-1945) prior to the start of employment indicating that they are aware of a possible reduction in their future Social Security benefit entitlement. For more information on Social Security and about each provision, you may visit the website or call toll free 1-800-772-1213. Persons who are deaf or hard of hearing may call the TTY number 1-800-325-0778 or contact a local Social Security office.

LOS ANGELES COUNTY CHILD SUPPORT COMPLIANCE PROGRAM: In an effort to improve compliance with court-ordered child, family and spousal obligations, certain employment and identification information (e.g., name, address, Social Security Number and date of hire) is regularly reported to the State Directory of New Hires, which may assist in locating persons who owe these obligations. Family Code Section 17512 permits, under certain circumstances, for additional employment and identifying information to be requested. Applicants will not be disqualified from employment based on this information.


Veteran's Preference Credit of 10 points will be added to the final passing grade in any open competitive examination if you are an honorably discharge veteran who served in the Armed Forces of the United States:

a. During a declared war; or
b. During the period April 28, 1952 through July 1, 1955; or
c. For more than 180 consecutive days, other than for
training, any part of which occurred after January 31
1955, and before October 15, 1976; or
d. In a campaign or expedition for which a campaign medal or expeditionary medal has been authorized and

This also applies to the spouse of such person who, while engaged in such service was wounded, disabled or crippled and thereby permanently prevented from engaging in any remunerative occupation, and also to the widow or widower of any such person who died or was killed while in such service. A DD214, Certificate of Discharge or Separation from Active Duty, or other official documents issued by the branch of service are required as verification of eligibility for Veterans' preference. If you are unable to provide any documentation at the time of filing, the 10 points will be withheld until such time as it is provided.

Final appointment is contingent upon verification of U.S. citizenship or the right to work in the United States. Immigration law provides that all persons hired after November 6, 1986, are required to present original documents to the County, within three (3) business days of hiring, which show satisfactory proof of: 1) identity and 2) U.S. employment eligibility.

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