Accounting Specialist II

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Annual Salary Range:
$38,544.00 – $54,864.00
Twice-a-Month Salary Range:
$1,606.00 – $2,286.00
Class Number: 
0342
Pay Grade: 
A25
Areas of Interest: 
Accounting, Auditing & Finance
Exam Components: 
Rating of Education & Experience, 100%
Definition

This is mid-level professional accounting work responsible for complex financial statements, accounting systems, methods, procedures, reports, and the evaluation and interpretation of financial data in accordance with state agency directives and adherence to Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) standards. An employee in this class is also responsible for applying broad and in-depth knowledge of accounting concepts and principles in the execution of assigned components of an agency's accounting operations.

This description may not include all of the duties, knowledge, skills, or abilities associated with this classification.
Examples of Work

Prepares, reviews, analyzes, and interprets financial statements, including balance sheets, income statements, statements of revenue and expenses, and related statements.

Develops required or specialized reports in accordance with Generally Accepted Accounting Principles (GAAP) and agency, state, or federal reporting requirements for funds, appropriations, grants, and projects.

Prepares and reviews supporting documentation for financial statements and explains accounting events in conformance with Generally Accepted Accounting Principles (GAAP).

Identifies and determines items to be properly disclosed in financial statements.

Prepares and reviews complex financial reports to assist users in the evaluation of budgetary integrity, operating performance, stewardship, and adequacy of systems and controls.

Plans and coordinates the work of a limited number of accountants and other personnel in the maintenance of an accounting system or performs independent work of comparable difficulty and complexity.

Assists with development of agency policies and procedures for grant applications and awards; reviews grant applications and awards for compliance with agency/state/federal policy and procedures.

Prepares and reviews information requested by internal, state, and federal auditors; responds to audits and corrective action plans, and monitors progress on corrective action plans.

Applies checks and balances to transactions and procedures to ensure data integrity and regulatory compliance.

Analyzes cost and/or performance data; reviews and analyzes reports and information to assist users in assessing service delivery costs and accomplishments of a governmental entity; assists with assessing financial conditions and results of operations.

Reviews financial forecasts and estimates future outcomes.

Conducts substantive analysis of financial statement data using ratios and other computations .

Develops, rates, and analyzes variances; identifies and applies overhead; computes cost per unit.

Reviews and approves the development and maintenance of state or agency level reference file tables to include agency, organization, grant, and project profiles.

Analyzes automated system requirement designs; reviews the development, testing, and implementation of accounting systems; and troubleshoots internal systems.

Prepares, reviews, and analyzes fiscal notes.

Illustrates the effects of financial transactions on the financial position of a fund.

Assists with the development and interpretation of accounting information designed to specifically meet the various needs of management.

Assists with recommendations on financial objectives and ensures that the objectives are carried out.

Assists with the reviews and provides comments concerning the impact of proposed GASB statements.

Assists and advises on what cost components to include or exclude; develops necessary cost allocation methodologies.

Prepares indirect cost proposals; identifies allowable/unallowable costs and direct costs.

Receives general supervision from a higher-level Accounting Specialist or other administrative supervisor; however, the employee exercises independence and initiative in the performance of assignments within established policies and procedures.

Performs other related work as assigned.

Knowledge, Skills, and Abilities (KSAs)

Intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and methods, and the ability to apply and adapt established methods to varied accounting problems.

Intermediate knowledge of theoretical principles and applied practices of governmental accounting.

Intermediate knowledge of state and federal laws, rules, and regulations governing the expenditure and reporting of state and federal funds.

Intermediate knowledge of Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS).

Intermediate knowledge of the principles and application of data processing systems in accounting and fiscal operations.

Intermediate knowledge of the basic principles and practices of supervision.

Ability to research accounting issues and apply pronouncements of Governmental Accounting Standards Board (GASB), Accounting Principles Board (APB), Financial Accounting Standards Board (FASB), Government Accountability Office (GAO), Office of Management & Budget (OMB), American Institute of CPAs (AICPA), Public Company Accounting Oversight Board (PCAOB), and other applicable standard setting bodies to accounting transactions.

Ability to prepare and maintain accurate and detailed financial records and reports.

Ability to identify and recommend improvement in financial processes.

Ability to establish and maintain effective working relationships.

Ability to communicate effectively.

Experience and Education

(The following requirements will determine merit system eligibility, experience and education ratings, and may be used to evaluate applicants for Missouri Uniform Classification and Pay System positions not requiring selection from merit registers. When practical and possible, the Division of Personnel will accept substitution of experience and education on a year-for-year basis.)

Three or more years of experience as an Accounting Specialist I with the Missouri Uniform Classification and Pay System.

OR

Three or more years of professional experience in governmental or public accounting; and,

Possession of a current Certified Public Accountant (CPA) license or Certified Government Auditing Professional (CGAP), Certified Internal Auditor (CIA), Certified Government Financial Manager (CGFM), or Certified Fraud Examiner (CFE) certificate.

OR

A Bachelor's degree from an accredited college or university which included:

24 or more earned credit hours of Accounting courses, including at least one course in Auditing; and,

18 or more earned credit hours of additional coursework in Accounting or other areas of Business Administration such as Business Law, Statistics, Economics, Finance, Marketing, Management, Information Technology, and Business Communications; and,

Four or more years of professional experience in governmental or public accounting.

(A Master's degree from an accredited college or university which included 9 or more earned graduate credit hours in Accounting may substitute for one year of the required experience.)

(Revised 6/1/08)