StateJobsNY
Location: Albany,NY, USA
Date: 2024-07-01T05:50:35Z
Job Description:
Do you want a career with a purpose that provides work/life balance? Apply today to join the Office of the New York State Comptroller. No exam required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS) Program:Non-Competitive Qualifications for appointment under the NYHELPS Program:For appointment to the Auditor Trainee 1 Abandoned Property, you must have: A bachelor's degree including or supplemented by 24 undergraduate or graduate semester credit hours in accounting and/or auditing.For appointment to the Auditor Trainee 2 Abandoned Property, you must have: A bachelor's degree including or supplemented by 24 undergraduate or graduate semester credit hours in accounting and/or auditing. AND one year of professional accounting and/or auditing experience. For appointment to the Auditor 1 Abandoned Property (SG-18), you must have: A bachelor's degree including or supplemented by 24 undergraduate or graduate semester credit hours in accounting and/or auditing. AND two years of professional accounting and/or auditing experience.OR A master's or doctorial degree in accounting, business administration, business management, criminal justice, economics, engineering, finance, mathematics, public administration, public or community health, public policy, political science, or statistics AND one year of professional accounting and/or auditing experienceCompetitive Minimum Qualifications: You must be currently reachable on the appropriate eligible list for this title, eligible under the 55 b/c program, or eligible to transfer to this title under Section 70.1 or 70.4 of the Civil Service Law.For 70.1 or 70.4 transfer to an Auditor 1 (Abandoned Property), salary grade (SG)-18, you must have one year of permanent competitive, or 55-b/55-c service in an approved title for transfer allocated to an SG-16 or above. SG-14 or above for a Trainee 2, SG-12 or above for a Trainee 1, depending on qualifications.To determine if your current Civil Service title is eligible for transfer to this title, visit the Career Mobility GOT-IT website: Career Mobility Office GOT-IT (ny.gov)Appointments via transfer must not result in a second, consecutive transfer with an advancement of more than two S-grades or one M-grade.Depending on qualifications, you may be required to serve a 1 or 2-year traineeship that leads to the full level SG-18 position.55-b/c: This position may be designated 55 b/c and is subject to verification of applicant eligibility.For more information on this program, please visit the NYS Department of Civil Service website, 55b/c Recruitment Resources Center (ny.gov)Duties Description Perform monthly audits and reconciliations of the Office of Unclaimed Funds (OUF) securities accounts held by the contracted custodian. The monthly statements and various online resources will be utilized to:o Determine the beginning balances of the security positions held in the various accounts; review securities delivered in and out of the accounts during the period, confirm transactions were authorized (claims, sales, etc.); identify any other activity that impacted the account balances (cash transfers, corporate actions, forced liquidations, etc.); and verify the ending balances are correct. The reconciliation of the security accounts should include explanations as to the propriety of the activity which transpired. This task also involves ensuring any irregularities are discovered and resolved as quickly as possible by communicating with the custodian.o Audit the liquidation, redemption, dividend, income, and reinvestment of corporate distribution transactions that occur in the OUF securities accounts held by the contracted custodian.o Gathering transaction data and summarizing security sales in tabular format that follows the designed audit plan and supports the audit objectives.o Developing audit samples conforming to statistical sample methodology.o Performing comparisons to independent data sources to determine the propriety and accuracy of the transactions.o Ensuring any irregularities are discovered and resolved as quickly as possible.o Communication, both verbal and written, on a regular basis with OUFs custodian to resolve any discrepancies which may arise as a result of the audit.o Report on the results of the audit findings with recommendations to procedural changes will be prepared.o Perform monthly reconciliations of cash accumulated within the OUF securities custody account to OUFs designated bank account.Prepare monthly reconciliation of OUF accounts (CRIS, Bank, and General Ledger) to assure that all receipts and disbursements are properly recorded and therefore reconciled to each other. The short-term investment pool (STIP) should be monitored to ensure sufficient cash-flows for claims payments. Assist Auditor 2 in preparation of General Fund transfer recommendation and General Ledger entry. Monthly OUF account reconciliation. Communicate with other Office of Operations (OOO) Bureaus. Disseminate documentation from other Bureaus in OOO to OUF Units as necessary for documentation of CRIS entries. Assist Auditor 2 in preparation of the annual Sole Custody Reporting.Oversee and maintain accounts held. The review involves the use of various internal and on-line resources, as well as verbal and written communication with the holder, to resolve any discrepancies which may arise. The auditor in this position will function as the key contact with the reporters by:o Communicating, both verbally and in writing, on a regular basis with transfer agents and brokers to arrange for the transfer of assets into and out of the house accounts (making determinations on transferability and value and issuing directives for claim payments).o Reconciling the accounts and resolve any discrepancies that may arise.o Providing authorizations to transfer assets that become transferable or obtain value, into accounts under the control of the OUF contracted custodian and maintained in a single consolidated account.o Performing a review of the activities which transpire in the accounts to determine the propriety and accuracy of these transactions, including the receipt and/or delivery of shares, cash transactions resulting from corporate reorganization actions (liquidation and bankruptcy payments, mergers, acquisitions, etc.) and the transfers of this cash to the Office of Unclaimed Funds designated bank.Prepare the OUF's Financial Statements for the State Fiscal Year (SFY). These statements must be prepared in accordance with standards set forth by the Governmental Accounting Standards Board (GASB) Statement 21 and GASB Statement 72. As of each March 31st, prepare a valuation of the Office of Unclaimed Funds securities inventory for the Statewide Annual Consolidated Financial Statement (ACFR) in accordance with GASB Statement 72. This task is completed in collaboration with the Bureau of Financial Reporting (BFR).Assist reporters of abandoned property with questions regarding the reporting of securities. Using the Abandoned Property Law, and policies, procedures, and guidelines, assist reporters of abandoned property with questions regarding the reporting of securities. This will involve verbal and written communication with reporting organizations, transfer agents, the OUF contracted custodian, the OUF Reports Processing and Claims Processing Units.Additional Comments Knowledge, Skills, and Abilities: Accounting and auditing. Analysis. Written and Verbal Communication. Securities industry experience. Knowledge of the Abandoned Property Law.Telecommuting:The Office of the New York State Comptroller (OSC) supports telecommuting where it is reasonable to do so based upon the agency's mission and operational needs. Generally, employees new to OSC will be restricted from telecommuting for at least 8 calendar weeks. After the initial 8 calendar week restriction, if an employee's duties and work performance are aligned with telecommuting they may be allowed to do so. Upon approval to telecommute, OSC employees may telecommute up to 5 days per pay period.Reasonable Accommodation:The NYS Office of the State Comptroller provides reasonable accommodations to applicants with disabilities. If you need reasonable accommodation for any part of the application and hiring process, please notify the Division of Human Resources at (518) ###-####.Equal Opportunity Employment:The Office of the NYS Comptroller values a workforce with a broad, diverse range of backgrounds and perspectives. All employees are expected to contribute to a professional environment focused on self-evaluation and improvement, as well as acceptance and support of coworkers.Some positions may require additional credentials or a background check to verify your identity.Name Jaylin Frese Telephone (518)-###-#### Fax (518)-###-#### Email Address ...@osc.ny.gov AddressStreet Office of the New York State Comptroller, Division of Human Resources 110 State Street, 12th Floor City Albany State NY Zip Code 12236 Notes on Applying Notes on Applying: Submit a clear, concise cover letter and resume stating how you meet the above minimum qualifications to ...@osc.ny.gov, no later than June 24, 2024. Documents must be sent as unlocked and accessible attachments. Reference Item #05996-JCF in the subject line of your email and on your cover letter for proper routing.If you have questions about this vacancy, please contact this Division representative:Division contact: Michael Brienza, ...@osc.ny.gov When responding, please include the reference number from this section only. The StateJobsNY website Vacancy ID # should not be included.Be sure to submit an unofficial copy of any transcripts you may have with your cover letter, resume as there are educational requirements for this position.
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