The CalSTRS Financial Planning, Accounting, and Reporting Division is seeking a motivated individual to work as a Financial Accountant I in the Investment Accounting Unit.
The Financial Planning, Accounting and Reporting Division is responsible for developing and maintaining the annual financial planning processes, preparing accounting records and managerial reports detailing cost and performance information, and coordinating and preparing the financial statements in compliance with generally accepted accounting principles.
The Investment Accounting Unit records, reports and analyzes activity related to CalSTRS investment portfolio as required by generally accepted accounting principles for all CalSTRS programs including defined contributions.
Under the general supervision of the Financial Accountant IV (Investment Accounting Manager), the Financial Accountant I (FA I) functions as a staff specialist that performs technical and professional financial and investment accounting activities. The incumbent is considered a specialist in research, analysis, and explanation of the technical aspects and application of generally accepted accounting principles (GAAP), internal controls, and financial reporting requirements mandated by the Governmental Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB) and the Government Finance Officers' Association (GFOA) to CalSTRS’ investment portfolio. These activities are considered complex and the risk of error is substantial to the organization.
The work is complex, and risk of error is substantial to the organization. The FA I leads investment valuation, reporting, and accounting control activities, and supports leadership by implementing financial reporting and accounting standards across diverse investment portfolios.
The ideal candidate will possess the following skills:
- Knowledge of US GAAP, specifically Governmental Accounting Standards Board (GASB) pronouncements pertaining to public pension plan investments.
- Experience analyzing financial statements and performing complex reconciliations.
- Experience researching and analyzing, new laws, regulations, and/or accounting requirements.
- Experience preparing technical accounting treatment memos and/or policies .
- Experience utilizing SAP or a similar enterprise resource planning system.
- Strong attention to detail and analytical skills with an ability to independently complete multiple assignments with overlapping deadlines.
Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position.
In July 2025, the State of California implemented the Personal Leave Program 2025. This program reduces employees’ monthly base pay in exchange for paid leave credits. This position is subject to PLP 2025 and will have a monthly base pay reduction of 3% in exchange for 5 hours of leave credits for the duration of the program. The salary ranges shown on this job posting do not reflect the reduced amounts.
Does this opportunity seem right for you? If so, see the Application Instructions section below and apply now.
You will find additional information about the job in the Duty Statement.
CalSTRS offers a hybrid approach including in-office and remote work solutions based on business needs.
All staff of CalSTRS are employees of the State of California and subject to California employment taxes and withholdings. Upon appointment, staff are required to provide a current California address to CalSTRS Human Resources to be used as a remote work location.
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for visa sponsorship by the start date of employment with CalSTRS.
