GAAP ACCOUNTANT

Job Requisition ID: 42901 
 Closing Date/Time: 12/04/2024​
Agency: Capital Development Board
Class Title: GAAP ACCOUNTANT - 73500 
Skill Option: None 
Bilingual Option:  
Salary: $5179 - $7341/month (Anticipated Starting Salary - $5179/month)
Job Type: Salaried
Category: Full Time 
County: Sangamon
Number of Vacancies: 1
Plan/BU: Non-Code / Non-Union

 

****************A RESUME IS REQUIRED FOR THIS JOB POSTING****************

 

Please attach a DETAILED Resume/Curriculum Vitae (CV) to the MY DOCUMENTS section of your application. You WILL NOT be considered for the position if you attach a CMS100, CMS100b or any other document that is not 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 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 Overview

Under administrative direction of the Chief Financial Officer, performs a broad range of accounting and financial auditing activities leading up to the preparation of fund financial statements and the annual GAAP (Generally Accepted Accounting Principles) reporting process and annual budget preparation.  Prepares records, reports and entries in compliance with GAAP.  

Essential Functions

• 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 Procedures Manual (SAMS) and the SAP Enterprise Resource Planning (ERP) system.
• 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 prescribes by the agency for supervisory and management review.
• Compiles, prepares, enters, reviews and submits the annual Fee Imposition Report to the Illinois Office of the Comptroller.
• Compiles and prepares construction in progress reports for inclusion on quarterly (C-15), Fixed Asset Report filed with the Comptroller.
• Serves as back-up for voucher processing; receives, verifies and prepares invoices; submits vouchers to the Comptroller for payment; performs data entry associated with voucher processing utilizing the State accounting systems SAMS and SAP ERP.
• Serves as primary contact with external and internal auditors and other applicable parties for all financial reporting related matters 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. 
• Requires 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), preferably for governmental types of agencies.
• Requires a registered or licensed CPA (Certi