Treasury Accountant

The Office of Finance, Accounting Division is seeking to fill an emergency Treasury Accountant position. This role ensures the accuracy and completeness of accounting and reporting related to the investment activities of the City of Los Angeles.


POSITION SUMMARY:


The Treasury Accountant will work closely with internal divisions, custodial banks, and advisors to ensure timely execution of investment transactions. Additionally, this position performs daily cash balancing and reconciliation between the Office of Finance and the City Controller for the City's approximately $17.4 billion cash balance, and validates all receipts and disbursements.


DUTIES AND RESPONSIBILITIES:

Sample duties and responsibilities of the treasury accountant position include but are not limited to the following:

• Perform daily cash balancing and reconciliation between the Office of Finance and the City Controllers on the City's cash balance of approximately $17.4 billion. Validate all receipts and Disbursements.
• Verify disbursements of checks, ACH, and Wires.
• Ensure all deposits (Wire-in, lockbox, and credit card receipts) are book in FMS through CashWiz.
• Resolve discrepancies between check records in GCD and checks paid by bank.
• Reconcile the Office of Finance daily cash Balance with FMS's daily cash balance.
• Distribute completed report to the Controllers.
• Review ULA revenue and transfer the distribution of documentary transfer tax and ULA revenue to the appropriate department.
• Monthly reconcile bank statements from JP Morgan Chase.
• Settlement of trades (provide delivery instructions on daily trade tickets, when backing up daily investment activity) and monitoring the movement of securities (including making sure any mandatory corporate actions are included on the Investment Section Cash Flow).
• Investment valuation (download/upload daily (when backing up daily investment activity) and month-end market prices from custodial bank - BNY Mellon) and reporting results, including cash (daily reconcile BNY Mellon's net cash settlement to Investment Section Cash Flow) and position reconciliations, accruals, etc.
• Record investment transactions for the reserve, core, and special funds (using SymPro to record purchases, sales, calls, transfers, and maturities, when backing up daily investment activity) after validating investments to policy and confirmations.
• Provide accurate and timely input to the monthly investment report and annual audit reports by reconciling the City's investment portfolio to the penny.
• Be the primary liaison with the Investment Division and other service providers to ensure smooth operations and effective and efficient issue resolution.
• Monthly reconcile custodial bank statements from BNY (when backing up investment activity).
• Process interest allocation (when backing up investment activity).
• Process interface file for interest distribution (when backing up investment activity).
• Work closely with the principal accountant to establish and maintain a professional and respectful work environment by communicating effectively and tactfully with team members to enhance both employee morale and productivity.
• Review and approve financial documents in the City Financial Management System (FMS) to ensure timely and accurate revenue recording and other financial requirements.
• Review reports and the work of other treasury accountants for accuracy and completeness, such as daily cash reconciliation and monthly reports.
• Prepare GAAP financial reports and year-end transactions for the City annual comprehensive financial report.
• Follow up on audit recommendations and implement recommendations, if required.
• Perform other related and/or special assignments as assigned.

QUALIFICATIONS:


Desirable candidates should be proactive, detail-oriented, creative thinkers who can work independently with minimal supervision in a fast-paced environment. Strong oral and written communication skills, interpersonal skills, a willingness to learn, and the ability to maintain strict confidentiality are required.


Candidates must have an accounting background and qualify to take the Treasury Accountant exam.

KNOWLEDGE AND ABILITIES:

• Knowledge of: The theory and practice of governmental and commercial accounting in accordance with GAAP, and the Citywide Financial Management System (FMS).
• Ability to: Prepare, analyze, and verify complex financial documents, statements, and reports; make rapid, accurate mathematical computations; plan and conduct audits of accounting records; and resolve discrepancies between check records in GCD and checks paid by the bank.
• Interpersonal Skills: Ability to deal tactfully and effectively with the Investment Division, Cash Treasury team, and other City departments.

How to apply

Interested candidates should upload a Resume (PDF only), Departmental Application (link below), and Background Authorization form (see attachment) to the Google form indicated below:


Link to Departmental application:


Please note that a resume review, employee folder review, and/or reference checks may be conducted. A request for submission of and review of a supplemental written response/T&E may be conducted.


Deadline: This opportunity will close at 4:00 PM on Friday, August 28, 2026, or until sufficient applications are received. Late submissions or appeals will not be accepted.


If you have any questions or concerns, please contact Finance Personnel at View email address on click.appcast.io .


Emergency Appointment

An emergency appointment is not a regular appointment. It is a temporary appointment which does not require that you successfully compete in the Civil Service examination process. The appointment may not exceed one year and must be terminated immediately when a regular appointment can be made from an eligible list. No emergency appointment can exceed one year. (City Charter Section 1013).