Principal Accountant

3 weeks ago


Los Angeles, United States Los Angeles County Metropolitan Transportation Authority Full time

Public Transportation Services Corporation (PTSC)
PTSC is an equal employment opportunity employer

Non-Represented EMPLOYMENT OPPORTUNITY

**Bulletin No**: 001017-011

**Job Title**:PRINCIPAL ACCOUNTANT (PAYROLL)

**Specialty**:PAYROLL

**Closing Date**:Open Until Filled

**Salary Grade**:H1M

**Salary Range**:$90,522 - $113,131 - $135,741

**External/Internal**:EXTERNAL

Open Until Filled openings may be closed at any time without notice.

**Basic Function**

Performs a distinct function in the management and support of highly complex financial reporting, payroll, and accounting/financial systems for different departments. Supports the project lead for the implementation of the New Oracle Cloud Payroll system that includes the implementation, testing, validation, deployment, training and documentation of business requirements.

**Example Of Duties**
- Plans, prioritizes, and organizes accounting functions within the Accounting Department
- Prepares accurate and timely financial statements and reports for management staff
- Reviews complex grant funding agreements, bond issues, and other financial contractual agreements with federal, state, and local governmental agencies
- Prepares or supervises the preparation of monthly, quarterly, and annual financial reports, payroll related tax reports, and other financial schedules
- Responds to audit inquiries and other information required by federal, state, and local government agencies
- Coordinates with department management staff regarding related processes, such as timekeeping, payroll, project management, and invoice payment or billing processes
- Complies with Metro's bill payments standard to ensure project and cost center invoices are paid according to agreed terms
- Supervises the research of finance, accounting, and payroll systems issues and makes recommendations to senior management
- Acts as a project lead for software upgrades, implementation, deployment, and training and documentation of business requirements
- Advises staff and department staff on complex accounting issues, cost standards, legal requirements, and labor and tax regulations
- Recommends and assists in the implementation of goals and objectives
- Establishes schedules, controls, and systems to ensure accuracy and security of financial records and source documents
- Prepares, reviews, and supervises the preparation of board and other management reports
- Serves as lead and provides work direction to accounting professionals as necessary
- Contributes to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out
May be required to perform other related job duties

**Requirements For Employment**

A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year-for-year basis. A typical combination includes:
**Education**
- Bachelor's Degree in Accounting, Finance, Business, or a related field

**Experience**
- Five years of relevant experience in accounting performing complex management, operations, financial, budgetary, or other related analytical work; some positions in this class may require specialized experience in area of assignment; project lead experience preferred

**Certifications/Licenses/Special Requirements**
- A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions for the non-contract jobs
- CPA (Certified Public Accountant) and/or CMA (Certified Management Accountant) preferred

**Preferred Qualifications**

Preferred Qualifications (PQs) are used to identify relevant knowledge, skills, and abilities (KSAs) as determined by business necessity. These criteria are considered preferred qualifications and are **not** intended to serve as minimum requirements for the position. PQs will help support selection decisions throughout the recruitment. In addition, applicants who possess these PQs will not automatically be selected.

The following are the preferred qualifications:

- Experience organizing complex financial data to prepare account analyses and reconciliations.
- Experience preparing basic financial statements such as balance sheets, income statements, statements of cash flows, or other financial reports.
- Experience in payroll accounting such as payroll processing, filing quarterly payroll tax returns, W-2 reconciliations, and/or year-end filings.
- Experience utilizing cloud payroll software such as Oracle Cloud Payroll, ADS (Action Data Services),Workday, or ADP (Automated Data Processing).

**Knowledge**:

- Theories, principles, and practices of governmental accounting, grants administration, budgets, credit and collections, business finance, and financial recordkeeping
- Applicable local, state, and federal laws, rules, and regula


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