The State of Connecticut’s Office of Policy and Management (OPM) is seeking to fill an Associate Accounts Examiner position in the Office of Finance. This is an exciting opportunity for you to interact with finance officials of municipalities, other local governments and nonprofit entities, including their independent auditing firms. In this position you will be conducting in-depth reviews of financial statements and State Single Audit reports to ensure that the reports are presented in accordance with U.S. generally accepted accounting principles (GAAP) and that the reports are in compliance with the auditing and reporting requirements of the State Single Audit Act.
In this position you will be a member of the Municipal Finance Services Unit and report to the Policy Development Coordinator leading that Unit to assist the Unit in its administration of the Municipal Auditing Act and State Single Audit Act.
The ideal candidate for this position will have a strong work ethic and be able to work on several projects at the same time to meet specific deadlines. The successful candidate is expected to have strong analytical and computer skills.
Please ensure that your application is complete and have included a resume within the "Resume Tab" of your application. Candidates who do not submit the required documents above will not be considered. Questions about these required documents should be directed to the hiring agency's human resources office: firstname.lastname@example.org.
NOTE: At any point during the
recruitment process, applicants may be required to submit additional
documentation which support their qualification(s) for this position. These
documents may include: a cover letter, performance reviews, supervisory
references, college transcripts, licensure, etc., at the discretion of the
PURPOSE OF JOB CLASS (NATURE OF WORK)
In a State agency this class is accountable for performing highly complex and difficult examination work involving the financial records of State agencies, businesses, municipalities, or other entities. This class may also be accountable for working lead or consultative responsibility.
EXAMPLES OF DUTIES
- Lead in the review of State Single Audit reports for compliance with the requirements of the State Single Audit Act, including the auditing requirements of U.S. generally accepted auditing standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS) as it relates to governmental and nonprofit entities.
- Review the financial audit reports of municipalities, other local governments, and nonprofit entities to ensure that the reports are in accordance with the accounting and reporting requirements of U.S. generally accepted accounting principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).
- Communicate with certified public accounting firms on deficiencies identified in the review of financial and State Single Audit reports.
- Identify financial statement audit findings and state program audit findings from State Single Audit reports and communicate audit findings to responsible state agencies.
- Ensure that corrective action plans to resolve audit findings are submitted and evaluate the corrective actions submitted. Follow up with grant recipients when necessary.
- Analyze financial statements and other financial data of governments and nonprofit entities to determine their fiscal health. Provide reports to supervisor based upon analysis.
- Develop and evaluate financial metrics including ratios for benchmarking and measuring the financial health of municipalities, other local governments and nonprofit organizations.
- Act as the liaison for OPM in its interactions with state agencies regarding the State Single Audit Compliance Supplement.
- Assist with OPM oversight role regarding Federal Single Audit findings.
- Assist with the quality control review of financial and demographic data submitted by municipalities for OPM’s fiscal health monitoring system (FHMS) and system administration of FHMS.
- Respond to daily inquiries from audit firms, municipalities, other local governments, nonprofit entities, and the public at large.
- Assist with the drafting and update of the Municipal Audit Questionnaire and Audit Guide that is transmitted to auditors of municipalities and other local governments on an annual basis.
- Attend and support meetings of the Municipal Finance Advisory Commission and the Municipal Accountability Review Board.
- Stay current on accounting principles, auditing standards and regulatory compliance, and prepare for upcoming changes by obtaining professional development.
- Performs related duties as required.
KNOWLEDGE, SKILL AND ABILITY
Considerable knowledge of professional accounting and auditing principles and practices; considerable knowledge of governmental and commercial accounting; interpersonal skills; oral and written communication skills; considerable ability to analyze financial records, documents, and reports; ability to prepare reports including narrative and statistical sections; some supervisory ability.
MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE
Seven (7) years of experience in accounting or auditing.
MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE
One (1) year of the General Experience must have been at the professional level.
Note: Professional level accounting or auditing is interpreted as work performed as a professional Accountant, Auditor, or Accounts Examiner with responsibility for the exercise of independent analysis and judgement in the application of professional accounting principles and practices.
MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED
College training in accounting or a closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
A Master's degree in accounting may be substituted for one (1) additional year of the General Experience.
Certification in any of the following may be substituted for one (1) year of the General and Special Experience: Certified Public Accountant, Certified Internal Auditor.
The preferred candidate will have the following:
- At least five (5) years experience as a licensed certified public accountant or certified internal auditor;
- A Masters’ degree in accounting, finance, or business;
- At least five (5) years experience in either auditing or preparing the financial statements of local governments or nonprofit entities;
- At least five (5) years experience evaluating or analyzing the financial statements of local governments or nonprofit entities for assessing their fiscal health;
- At least five (5) years of experience interpreting and applying regulatory accounting and auditing standards; and
- Advanced computer skills especially in financial software applications including Microsoft Excel.
Incumbents in this class may be required to travel.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.