Job details

Sr. Accounting Analyst - Accounting Standards and Risk Management

Job Description

NOTE: This position is open only to current employees of the City of New York serving in a permanent civil service title of either Accountant, Staff Analyst, or Management Auditor.

To be considered for the position, please clearly mention your permanent civil service title on the resume and cover letter.

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

The Bureau of Accountancy is responsible for the preparation and fair presentation of the City’s accounting and financial statements. It is also responsible for preparing the Annual Comprehensive Financial Report (ACFR), which provides transparency into the City of New York’s financial health and integrity. In addition to promoting fiscal stability through the production of the ACFR, the Bureau of Accountancy ensures that the City’s vendor database is accurate and up to date to allow for efficiency in the processing of payments for businesses and individuals who are in contract with the City, as well as claims, workers’ compensation, labor law, line of duty, certificate of residency and all vendor payments in general. These efforts gain the public’s trust and allow for continued assessment into the City’s financial transactions to identity opportunities for improvement and engage with City agencies to ensure results.

This role reports directly to the Director of Accounting Standards and Risk Management within the Bureau of Accountancy. This Accounting Analyst role will be heavily involved in understanding the City’s Financial Management System (FMS) and related accounting entries to facilitate implementation of various accounting standards promulgated by the governmental accounting standards board.

Responsibilities include, but are not limited to, the following:

- Prepare and coordinate with various City agencies to retrieve data for the reporting of assets, liabilities and expenses within the Annual Comprehensive Financial Report;
- Assist with Bureau risk assessment and testing of controls as designed by Director of Accounting Standards.
- Process journal entries related to the data elements received from various City agencies;
- Prepare associated financial note disclosures in accordance with template data received from City agencies with respect to pollution remediation, landfill, leases and other related data;
- Periodically review applications received by firms for inclusions on the Comptroller’s Prequalified list of CPA firms; and,
- Perform other related duties as may be required.

Minimum Requirements/Qualifications: This position is open only to current employees of the City of New York serving in a permanent civil service title of either Accountant, Staff Analyst, or Management Auditor. To be considered for the position, please clearly mention your permanent civil service title on the resume and cover letter.

Qualifications

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.

Additional Information

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.

Average salary estimate

$80000 / YEARLY (est.)

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$70000K

$90000K

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What You Should Know About Sr. Accounting Analyst - Accounting Standards and Risk Management, City of New York

The City of New York is looking for a dynamic Sr. Accounting Analyst - Accounting Standards and Risk Management to join the team at the Comptroller’s Office in the vibrant heart of New York City. This role is crucial in promoting the financial health and accountability of city government, allowing you to make a tangible difference in the lives of New Yorkers. As a key player in the Bureau of Accountancy, you'll dive into the City’s Financial Management System, coordinating with various agencies to gather essential data for the Annual Comprehensive Financial Report (ACFR). Your analytical skills will shine as you help assess risks, process journal entries, and prepare comprehensive financial note disclosures related to vital issues such as pollution remediation and leases. You won’t be alone in this journey; you'll collaborate closely with the Director of Accounting Standards and other talented professionals. Your keen attention to detail and commitment to fiscal transparency will gain the public’s trust, enabling the City to operate more efficiently and effectively. Additionally, your role will include reviewing CPA firm applications for inclusion on the Comptroller's Prequalified list, ensuring the highest standards of service. If you're a current employee with a background in accounting or auditing looking to take on a leadership role, this is your opportunity to help shape the future of New York City's financial landscape while enjoying a supportive work environment.

Frequently Asked Questions (FAQs) for Sr. Accounting Analyst - Accounting Standards and Risk Management Role at City of New York

What are the responsibilities of a Sr. Accounting Analyst - Accounting Standards and Risk Management at the City of New York?

As a Sr. Accounting Analyst at the City of New York, you will take on a variety of responsibilities including coordinating with city agencies to collect data for the Annual Comprehensive Financial Report (ACFR), processing journal entries, and preparing financial note disclosures. This role focuses heavily on understanding the City’s Financial Management System and implementing accounting standards, ensuring fiscal stability while fostering transparency and public trust.