Financial Accounting & Reporting Manager

Job Description and Duties

The CalSTRS Financial Planning, Accounting, & Reporting Division is seeking a motivated individual to work as a Financial Accountant II in the Financial Reporting 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 Financial Reporting Unit is responsible for monitoring and control of the general ledger and reporting on the financial performance of CalSTRS to various internal and external stakeholders. Monitors and ensures timely identification and compliance with evolving accounting guidance and laws and regulations, provides Governmental Accounting Standards Board pronouncement interpretation and prepares policies and technical memorandums to document updated accounting treatments. Works with all other units within the Financial Services Branch to identify and correct errors, increase procedural efficiencies, and ensure timely month-end and year-end accounting period close.

Under general supervision of the Senior Financial Accounting and Reporting Manager (FA IV), the Financial Accounting & Reporting Supervisor (FA II Supervisor) has supervisory responsibility to plan, organize and direct the work of technical and professional staff performing the most complex, critically sensitive and unique financial accounting and reporting activities. The manager functions as a subject matter expert to the Financial Services Branch (FSB) management on generally accepted accounting principles (GAAP), internal controls and fiscal related matters. The incumbent is considered a technical specialist, performing the most complex and unique financial and legal/budgetary accounting tasks. The FA II assists in the development and implementation of policy decisions and procedural changes that have cross-divisional impacts. The risk of error in performing and completing these tasks is potentially material to the organization and requires a thorough understanding and interpretation of US GAAP and the Teachers’ Retirement Law (TRL).

The ideal candidate will possess the following skills:

• Demonstrated ability to research, interpret, and implement accounting and financial reporting changes driven by new legislation and standards issued by GASB, FASB, AICPA, or GFOA.
• Proven ability to plan, organize, direct, and monitor the work of technical and professional staff.
• Demonstrated excellence in analytical and quantitative skills, including the ability to evaluate complex financial data, identify critical issues, and formulate effective accounting solutions.
• Strong organizational skills, ability to set priorities, effectively manage multiple projects, and meet deadlines within challenging and strict time constraints.
• Ability to communicate effectively, both orally and in writing, with all levels of staff and management.

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 .

Working Conditions

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.

Special Requirements

Exam

This position requires a current Financial Accountant II examination . If you need to take the examination or if your score has expired, click here to gain list eligibility.

CalSTRS Personal Trading Program

Investment Branch employees are required to participate in the CalSTRS Personal Trading Program which allows CalSTRS to monitor employees’ personal trading transactions in order to reduce risks associated with insider trading, front running, and misusing material non-public information. Upon accepting a position within the Investment Branch, you will be required to disclose your personal broker account information and be required to utilize a personal broker from a designated list as provided by CalSTRS.

Background Investigation

Prior to employment with CalSTRS, a background investigation (BI) will be conducted. The BI consists of a  Personal History Statement and fingerprinting through the Department of Justice. The BI will check criminal and civil records and, if applicable, verify education and check driving records.

CalSTRS Disclosure Requirements

This position may be subject to disclosure and disqualification requirements concerning economic conflict of interest in government work, including the Conflict of Interest Code that applies to CalSTRS team members and the Political Reform Act , which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700) .

Incompatible Activities

This position is subject to the provisions of Government Code Section 19990 . Upon accepting a position at CalSTRS, you will also be required to comply with the CalSTRS Incompatible Activities Policy by ensuring that outside work or activities are compatible and align with your professional activities or workplace obligations.

Benefits

CalSTRS offers a competitive pay schedule and a work-life-balance for all its employees. The State of California provides comprehensive benefits packages determined by the employee’s bargaining unit and conditions of employment. Some benefits include:

• Alternative work schedules
• Flexible work hours
• Remote work options
• Medical benefits, including health, dental and vision insurance
• Paid holidays and a defined benefit retirement program
• More than four weeks of vacation/sick leave for leaders
• More than three weeks of vacation/sick leave for staff
• Health insurance in retirement
• Employee Assistance Program
• Loan forgiveness under the federal 

For the latest information on the benefits offered by the state of California, explore the Health Benefits Summary provided by CalHR .

ADDITIONAL APPLICATION INSTRUCTIONS

• Electronic applications through your CalCareer account are highly recommended.  If you are unable to apply electronically through your CalCareer account, please mail or drop off a hard copy of your application packet. Please provide the following information on your application: 815-236-4192-016, RPA: 0587, JC-530110.
• If education is being used to meet the minimum qualifications, please submit a copy of your transcripts/degree.
• Training and Development (T&D) assignments may be considered for this position. If you are applying as a T&D, please indicate this in the eligibility section of your application.
  
• Candidate may be selected by application packet review only.
• Multiple positions may be filled from this recruitment.
• Submission of an incomplete STD 678 may result in disqualification. 

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is required and must be included.