FINANCIAL SPECIALIST

Requisition No: 830417 

Agency: Management Services

Working Title: FINANCIAL SPECIALIST - 72002566

 Pay Plan: Career Service

Position Number: 72002566 

Salary: $88,500.00 

Posting Closing Date: 06/13/2024 

Total Compensation Estimator 

Financial Specialist

Division of Retirement

State of Florida Department of Management Services

This position is located in Tallahassee, FL
Internal Agency Opportunity

Division of Retirement:
The mission of the Division of Retirement is to deliver a high quality, innovative, and cost-effective retirement system to Florida Retirement System (FRS) pension plan members and their employers, so FRS members can plan for their financial future. The FRS is the fourth-largest public state retirement system in the nation, one that is comprised of more than one million active and retired employees. We strive to exceed our customer’s expectations by providing accurate and timely information to assist customers in making informed retirement decisions… that’s where you come in!

 

Position Overview and Responsibilities:

As a Financial Specialist, you will perform or oversees daily transfer of retirement contributions to the State Board of Administration. Assists other Retirement accountants on an as-needed basis with daily processing of retirement contributions, invoices, recouping overpayments, remitting federal withholding taxes, and other related duties. Serves as backup for all Retirement accountant positions on an as-needed basis. Ensures daily duties are performed timely and accurately. Performs detailed analyses of pension accounting entries. Ensures retirement revenues, disbursements and other entries are recorded accurately in the Florida Accounting Information Resource (FLAIR) at the detail level. Performs or oversees reconciliation of retirement revenues, benefit payments, refunds, and other relevant accounting transactions per the Integrated Retirement Information System (IRIS) to FLAIR by deposit, fund, category, object code and GL code.

Pension Fund Accounting and Financial Reporting

• Reviews and analyzes complex accounting transactions related to all pension funds.
• Prepare or assists in the preparation of all adjusting entries and year - end work papers related to all pension funds.
• Assist in the preparation of the Annual Comprehensive Financial Report (ACFR), including but not limited to working trial balance, financial statements, note disclosures, required supplementary information, other supplementary information, and related workpapers.
• Assists in the preparation of the Schedule of Employer Allocations and Schedule of Pension Amounts by Employer (Allocation Schedules), including but not limited to preparing note disclosures and reviewing schedules for accuracy.
• Assist in the preparation of pension note disclosure information for the State of Florida ACFR.
• Assist in the preparation of responses to Auditor General staff on both the ACFR and the Allocation Schedules.
• Prepare or assists in the preparation of other required reporting, including by not limited to, quarterly and annual census reports, and tax reports and forms.
• Assist in Implementation of GASB statements and other accounting requirements.
• Assist in the preparation and/or review of Schedule I documents on an as-needed basis.

Retirement Accounting Processes and Systems

• Review the Integrated Retirement Information System (IRIS) processes and reports to ensure accounting transactions are captured appropriately.
• Interact with programmers as directed to develop reports or recommend changes to IRIS.
• Assist in implementation of the State of Florida’s Planning and Ledger Management (PALM) system.

Knowledge, Skills, and Abilities:

• Advanced knowledge of financial accounting and generally accepted accounting principles.
• Ability to accurately analyze complex accounting transactions.
• Ability to develop and use complex spreadsheets and/or databases to analyze accounting data.
• Ability to work independently with minimal supervision or guidance.
• Ability to communicate effectively, both verbally and in writing.
• Ability to manage multiple complex projects.
• Ability to produce high-quality work product on a consistent basis with little to no supervision, guidance, or revisions.
• Ability to perform complex reconciliations of accounting data.
• Ability to meet deadlines.
• Ability to use microcomputers and software programs, include Excel, Word, and Outlook.
• Ability to use 10-key calculator and other standard office equipment.
• Ability to record accounting transactions accurately.
• Knowledge of processing revenue or other accounting transactions.
• Ability to manage complex accounting processes and data systems.
• Ability to analyze processes and implement changes.
• Ability to interact professionally with management, co-workers and customers.
• Accountability, Communication, Empowerment, Flexibility, Integrity, Respect, Teamwork

Minimum Qualifications:

• Ten years of professional experience in accounting or related field, and five years professional accounting, auditing, or financial reporting experience required. A postsecondary degree may be used as an alternative for years of experience on a year-for-year basis.
• Experience with the State of Florida’s accounting system, FLAIR and PALM, is preferred.
• CPA is preferred.

Our Organization and Mission:
Under the direction of Governor Ron DeSantis, Secretary Pedro Allende and DMS’ Executive Leadership Team, the Florida Department of Management Services (DMS) is a customer-oriented agency with a broad portfolio that includes the efficient use and management of real estate, procurement, human resources, group insurance, retirement, telecommunications, fleet, and federal property assistance programs used throughout Florida’s state government. It is against this backdrop that DMS strives to demonstrate its motto, “We serve those who serve Florida.”

Special Notes:
DMS is committed to successfully recruiting and onboarding talented and skilled individuals into its workforce. We recognize the extensive training, experience, and transferrable skills that veterans and individuals with disabilities bring to the workforce. Veterans and individuals with disabilities are encouraged to contact our recruiter for guidance and answers to questions through the following provided email addresses:


An individual with a disability is qualified if he or she satisfies the skills, experience, and other job related requirements for a position and can perform the essential functions of the position with or without reasonable accommodation. Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must contact the DMS Human Resources (HR) Office at . DMS requests applicants notify HR in advance to allow sufficient time to provide the accommodation.
Successful completion of background screening will be required for this position.

The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer, and does not tolerate discrimination or violence in the workplace.

Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center ). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.

The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.