General Ledger Accountant

Since 1917, the Teachers’ Retirement System of the City of New York (TRS) has been securing better futures for NYC educators. With a pension fund valued at approximately $120 billion, TRS serves over 215,000 members, providing them with retirement, disability, and death benefit services.

TRS' Qualified Pension Plan (QPP) is a defined benefit plan that provides members with a monthly retirement allowance upon meeting certain eligibility requirements. TRS members can also enhance their benefits with a Tax-Deferred Annuity (TDA) Program, which offers multiple investment options and tax-deferred earnings.

At TRS, we seek dedicated professionals who are passionate about their work and committed to excellence. We pride ourselves on our member-centric culture, focused on delivering outstanding service and support to our members.

Position Summary:

The General Accounting Unit is responsible for processing payments to members and managing distributions from the Tax Differed Annuity (TDA) Program, which includes handling Qualified Pension Plan (QPP) and TDA loans, excess withdrawals, and various TDA distributions, such as withdrawals and refunds related to Line-of-Duty Injury (LODI) contributions. The unit also manages funds for membership transfers, death benefits, and non-automated payments, while ensuring proper documentation through 1099 Forms for different payment types and monthly cash records. Additionally, it generates annual 1099 Forms for in-service members and oversees wire transfers between bank accounts.

This role is essential to the Department’s financial operations, with responsibilities that include reconciling ledgers and bank statements, preparing weekly and monthly financial reports, and ensuring compliance with all applicable agency policies.

We are seeking a motivated and detail-oriented accounting professional who thrives in a fast-paced environment and takes pride in delivering accurate, timely, and courteous support. The ideal candidate is a self-starter with strong multitasking abilities and a commitment to serving TRS members with professionalism and efficiency across a variety of general accounting functions.

Key Responsibilities:

- Review and reconcile sub-ledger, general ledger accounts and bank statements. Investigate discrepancies in coordination with Accounting units.
- Maintain and prepare weekly Corpus expense ledger transactions, trial balances and month-end financial reports.
- Ensure compliance by reviewing financial entries for adherence to agency policies, procedures, and applicable regulations.
- Process payrolls by preparing the Corpus expense ledger, non-periodic payrolls, general journal entries, and payment vouchers. Verify and post automated accounting transactions, ensuring accuracy and timeliness in the general ledger system.
- Develop, document, and implement standard operating procedures, monitoring adherence to established processes.
- Support additional initiatives by performing related duties and special projects as assigned.

ACCOUNTANT - 40510

1. A baccalaureate degree from an accredited college or university, accredited by regional, national, professional or specialized agencies recognized as accrediting bodies by the U.S. Secretary of Education and by the Council for Higher Education Accreditation (CHEA), including or supplemented by 24 semester credits in accounting, including one course each in advanced accounting and auditing; or
2. A valid New York State Certified Public Accountant license.
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one year of experience as an Accountant - Assignment Level I or at least two years of satisfactory full-time professional accounting or auditing experience.

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.