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LOSSAN Accounting Analyst, Sr.

Organization: OCTA
Date Posted: 9/6/2018
Date Needed: 9/6/2018
City: Orange
Location: California
Country: United States
Primary Category: Admin/Budget/Financial
Type of Position: Full-Time

Description & Details

About the LOSSAN Rail Corridor Agency:

The Los Angeles – San Diego – San Luis Obispo (LOSSAN) Rail Corridor is a joint powers authority that works to increase ridership, revenue, capacity, reliability, coordination and safety on the coastal rail line between San Diego, Los Angeles and San Luis Obispo. The LOSSAN Agency assumed management responsibility for the Pacific Surfliner service in July 2015, following the execution of an interagency transfer agreement with the state of California. The Pacific Surfliner travels along a 351-mile coastal rail route through San Diego, Orange, Los Angeles, Ventura, Santa Barbara and San Luis Obispo counties, serving 29 stations. It is the busiest state-supported intercity passenger rail route in the United States with 24 daily trains and annual ridership of nearly 3 million. The LOSSAN Agency is staffed by the Orange County Transportation Authority.

 

Overview:

 

Under general direction, leads, researches, analyzes, administers and maintains established and proposed accounting programs in accordance with agency policies, procedures and practices, and federal, state and local laws and regulations. Prepares, records, and reconciles all accounting/business transactions for the LOSSAN Rail Corridor Agency. Monitors all aspects of the LOSSAN Rail Corridor Agency budget and performs variance analysis and trend analysis on operating data.

 This is a exempt position in Salary Grade R: Min $74,110.40– Mid $91,416.00– Max $ 108,721.60 annually. The starting salary will be within this range based on qualifications.

 

The application deadline for this position is September 30, 2018.

 

Responsibilities:

This list is intended to indicate the general nature and level of work performed by employees within this classification and is not designed to be interpreted as an exhaustive listing of all tasks required of employees assigned to this job. 

  • Record all accounting transactions of the LOSSAN Agency and assist in the preparation of the LOSSAN Rail Corridor Agency’s annual Financial Statements. Monitor and review the general ledger ensuring that all accounting transactions are recorded properly and timely.
  • Oversees professional accounting activities relating to capital assets of the Agency. Understands new and/or complex modifications to existing accounting standards and how to apply them to unique governmental circumstances.
  • Researches, analyzes, administers and supports all phases of the Agency’s major financial activities, including the Annual Business Plan, revenue and expense budgets, and reports and analysis of financial and operational data.
  • Administers and leads major projects. Provides support and assistance in all external and internal audits.
  • Performs month end reconciliations for the LOSSAN Agency bank accounts. Monitors all bank account activity to ensure all transactions are properly accounted for.
  • Performs all month end and quarter end reconciliations of all general ledger accounts and recommends adjusting entries as needed.
  • Performs operating expense and revenue trend analysis of trains operations and prepares the formal monthly review and reconciliation of Amtrak operating data.
  • Prepares and submits all Caltrans required expense reconciliation reports and supporting documentation.
  • Prepares and submits all annual reports required by the State Controller’s office.
  • Reviews all vendor invoices for contract compliance, budget compliance, and keeps contract balance reports updated.
  • Assists in the preparation of the annual LOSSAN business plan and budget.
  • Tracks the operating, administrative and marketing budgets of the LOSSAN Agency. Researches variances and provides variance analysis. Prepares all quarterly budget status reports that are presented to the Board of Directors, including the budget variance report, financial activity report and contract balance report.
  • Stays current with changes and pending changes in accounting practices. Researches, develops solutions and reports findings relative to new accounting standards or new unique financial events.
  • Acts as a mentor and/or provides technical leadership to staff members in applying accounting principles and applicable laws, regulations, policies and procedures; makes recommendations for improving operating procedures and policies. Assists with review of various reports and accounting documents.
  • Performs year-end closing activities, including accruals, general ledger analysis.
  • Performs various special analysis on Amtrak operating data as needed.
  • Completes special projects as assigned.

 Education:

 

Any combination of education and experience equivalent to a bachelor’s degree in business, finance, accounting, mathematics, statistics, economics or a related field with a minimum of approximately five years of professional accounting or financial analysis experience, three of which are at the journey level, in accounting, budgeting, forecasting, financial analysis and developing/working with financial models. A master’s degree in a related field is desirable.

Knowledge of: 

  • Governmental fund accounting.
  • Generally Accepted Accounting Principles for Government (GAAP).
  • Government Accounting Standards Board Statements (GASB).
  • Accounting practices and procedures.
  • Budgeting and forecasting techniques.
  • Intermediate level principles of state transportation funding programs.
  • Audit methods and practices.
  • Effective oral and written communications principals and methodologies.
  • Automated financial systems.
  • Microsoft Office suite including Excel, Access, Word, PowerPoint and Outlook.

Ability to:

  • Exercise independent judgment in applying accounting principles to unique and complex situations.

  • Communicate technical concepts clearly and concisely, both orally and in writing, to all levels of management and staff.

  • Work autonomously after receiving clear directions.

  • Establish priorities and coordinate work activities.

  • Work independently and in a team environment.

  • Pay a high level of attention to detail and possess an aptitude for multi-tasking.

  • Write well and communicate effectively with team members, consultants, and outside agencies.

  • Analyze complex financial issues and make recommendations/presentations to management.

  • Use computer models and applications, including Microsoft Office suite software such as Excel, Access, Word, PowerPoint, Outlook, etc.

  • Exercise discretion in the use of confidential information.

  • Establish and maintain effective working relationships.

 

Working Conditions/Physical Activities:

 

(The physical demands described are representative of those that must be met by the employee to successfully perform the essential functions of this job. OCTA provides reasonable accommodation to enable individuals with disabilities to perform the essential functions).

Positions in this class typically require:

Work may be performed in a stressful, fast-paced office environment, depending upon assignment.

Requires ability to understand verbal communication and to respond effectively.

Positions in this class typically require: Reaching, Fingering, Grasping, Feeling, Talking, Hearing, Seeing, and Repetitive Motions in computer use.

Compensation and Benefits:

 

OCTA offers an attractive compensation and benefits package that includes medical, dental and vision health insurance programs, flex time (may be available), paid sick leave, paid vacation and holidays, short-term and long-term disability, life insurance, flexible spending accounts, retirement, deferred compensation plan, educational reimbursement, excellent in-house training programs, free transportation passes for the employee and dependents, wellness and ergonomic programs, and much more.

 

EEO:

 

OCTA is an equal opportunity employer and will not tolerate discrimination in employment on the basis of race, color, age, sex, sexual orientation, gender identity, religion, disability, ethnicity, national origin, marital status, status as a protected veteran, genetic information, or any other legally protected classification or status.

 


How to Apply / Contact

Application and Selection Process:

 

This position will remain open until filled.  For further information about this exciting career opportunity and to apply online, please visit our website at https://intranet-octa.icims.com/jobs/2010/lossan-accounting-analyst%2c-sr/job. We are unable to accept resumes in lieu of an online application.  OCTA does not sponsor H1B or other work visas.  For additional information, please contact the Employment Office at (714) 560-5600.