This examination will remain open until the needs of LACERA are met and may close without prior notice.
EXAMINATION INFORMATION: Examination Number: 9-0799-A, Job Bulletin Number: 24-17
TYPE OF RECRUITMENT: Open Competitive Job Opportunity
COMPENSATION: $10,079.08 - $15,255.52 Monthly.
Placement within this salary range depends on qualifications. This position is subject to the provisions of the County's Management Appraisal and Performance Plan (MAPP).
The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $75+ billion retirement fund for the County of Los Angeles. We provide retirement, disability, and death benefits to eligible County Employees and their Beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, Outside Districts, and County Employees. LACERA is one of the largest county retirement associations in the United States with over 184,000 Members. Our Membership is comprised of individuals from a diverse range of careers, age groups, and ethnicity - all contributing to the greater welfare of Los Angeles County.
LACERA is located in Gateway Plaza at 300 North Lake Avenue in the beautiful City of Pasadena. The building is easily accessible from the Foothill Freeway (210) and the Metro Lake Station. We offer convenient free parking for staff members in our secure structure adjacent to the building in addition to a robust rideshare program providing commuting alternatives such as ride-matching, vanpool, carpool, parking services and more. Prioritizing health, well-being, and sustainability, Gateway Plaza is a Class “A” office building, LEED Gold Certified and EPA Energy Star Certified. With a Walkability Score of 91, LACERA staff members are able to easily enjoy the approximately 150 shops, food, and dining options that make up the popular South Lake Avenue District.
Our Members dedicate their careers contributing to the welfare of Los Angeles County. For their service, the County contributes to their promised benefits, and LACERA is dedicated to serving them in return throughout their career and their life afterwards.
Our Core Values serve as our cultural guide and foundation in meeting our mission. As a member-focused government agency, we abide by our core values to ensure the public's trust, operate efficiently and cost effectively, and provide our members their promised benefits.
If you are interested in being part of this rewarding team, LACERA invites you to apply!
Benefits include a cafeteria benefit plan (14.5%-17% of monthly salary), annual leave, defined benefit retirement plan, Savings Plan (401k), Deferred Compensation Plan (457), 13 paid holidays per year, savings plan, a hybrid work schedule, tuition reimbursement, and a ride share program.
ABOUT THE POSITION
The Assistant Chief Financial Officer, LACERA will report to the Chief Financial Officer, LACERA in the Financial Accounting and Services Division, and is responsible for assisting in the overall management of the Division.
This one position classification is responsible for administering, planning and directing, through subordinate supervisors, the daily operations of FASD accounting functions and making recommendations on long-range integrated plans to ensure effective corporate and investment accounting operations and the provision of accurate, timely, and useful financial information. As a third-level supervisor and manager, they will actively mentor staff and enhance overall operational efficiency and adaptability.
The position must apply a thorough knowledge of management concepts and principles; departmental programs, policies, goals and objectives; Generally Accepted Accounting Principles (GAAP); Governmental Accounting Standards Board (GASB) standards and guidelines; County Employees Retirement Law (CERL); fiscal and accounting internal controls; and laws governing the administration of retirement benefits, laws governing banking and treasury operations, at a level sufficient to make recommendations for the interpretation of laws and pronouncements; organize and plan the work of FASD, and support LACERA’s Mission, Vision and Values, and strategic planning efforts while simultaneously achieving compliance with applicable rules, regulations, and standards.
The position must have refined written and verbal communication skills to clearly convey critical financial issues and proposed resolutions, strong leadership skills to manage professional accounting staff, and the ability to establish and maintain effective working relationships with members of LACERA's Boards, management, internal staff, governmental agencies, professional service providers, and the public.
The ideal Assistant Chief Financial Officer will:
- Manage the daily operations of the General Accounting and Financial Accounting sections, through subordinate supervisors.
- Provide direct oversight and high-level guidance for LACERA’s financial reporting and compliance functions.
- Prepare and present a variety of fiscal and actuarial topics to LACERA Boards and both internal and external parties.
- Assist in the development and implementation of strategic initiatives and process improvements.
- Enthusiastically train and mentor staff to encourage continuous professional development and learning.
- Establish and maintain effective working relationships with members of LACERA's Boards, management, internal staff, governmental agencies, professional service providers, and the public.
- Think strategically, forecast potential threats, and understand the factors affecting operational efficiency and compliance for a public pension fund.
- Act in the absence of the Chief Financial Officer, LACERA.
- Believe in and protect LACERA’s Mission, Vision, and Values!
Please view the recruitment brochure for Assistant Chief Financial Officer, LACERA.
Vacancy Information: The current vacancy is in the Financial Accounting Services Division; however, the resulting eligible register for this examination can be used to fill other vacancies in LACERA, as they occur.
Work Schedule: This full-time position is required to work a 5/40 schedule (e.g. an eight (8) hour day, Monday through Friday), with occasional nights and weekends in emergent situations. LACERA offers a hybrid work environment, and this position may be eligible to telework up to three (3) days per week.
CERTIFICATION BONUS: Any permanent, full-time employee working in this classification possessing a valid Certified Public Accountant (CPA) by the California Board of Accountancy is entitled to a Certification Bonus equal to two (2) salary schedules (approximately 5.5%) as provided by the Los Angeles County Step Pay Plan.
This position is an exempt position as defined by the Fair Labor Standards Act and not eligible for overtime.
DESIRABLE QUALIFICATIONS:
- Demonstrated professional accounting experience at a public sector organization or professional fund accounting experience at a custodial bank or investment manager at the level of a supervisor.
- Demonstrated experience supervising, through subordinate supervisors, two (2) or more teams of professional Accountants.
- Demonstrated experience making formal public financial presentations to a governing board or leadership team on topics such as fiscal and accounting policies, financial statement overviews, accounting concepts, and other complex financial topics.
- Demonstrated experience planning, preparing and/or reviewing financial statements and note disclosures for annual financial reports in accordance with Financial Accounting Standards Board (FASB) or Governmental Accounting Standards Boards (GASB) standards.
- Demonstrated experience acting as a liaison between the organization and outside auditors and/or other external financial or actuarial consultants, including reviewing and coordinating requests, gathering necessary documentation, and providing answers and explanations to questions.
- An active licensed Certified Public Accountant (CPA) by the California Board of Accountancy.
To receive credit for the above desirable qualifications, your application must clearly describe your experience.
Those applicants who meet the Minimum Requirements AND most closely match the desired qualifications, will be invited to participate in the examination process.
Knowledge of: Laws, regulations and guidelines governing retirement benefits and governmental accounting such as Governmental Accounting Standards Board (GASB), financial statement reporting requirements, Generally Accepted Accounting Principles (GAAP), Actuarial Standards of Practices (ASOP), federal and Internal Revenue Service (IRS) regulations, the County Employees Retirement Law of 1937 (CERL), Public Employees' Pension Reform Act of 2013 (PEPRA), government codes, and related State laws; administrative policies and procedures related to LACERA operations; principles, methods, and tools used for risk assessments, compliance, and mitigation; principles, methods, and tools used for project management; correct English usage, grammar, spelling, punctuation and vocabulary; presentation skills; interpersonal skills using tact, patience, and courtesy; vendor and contract management techniques; customer service skills; management principals, practices, and methods; negotiation and conflict management; leadership and change management skills; human capital management; business process improvement; organizational design and strategic planning; data analysis and reporting; drivers of team effectiveness and approaches to supporting diversity, equity and inclusion; and applications used for resource planning, financial systems and Microsoft Office.
Ability to: Effectively plan, organize, direct, coordinate, and evaluate the work of a major corporate and investment accounting division; produce clear, accurate, and comprehensive financial statements and reports in compliance with laws and regulations; manage projects and resources; align Division activities and goals with short and long-term strategic plans; represent LACERA on sensitive matters; assess and mitigate risk; think critically; formulate and implement strategies, problem solve; negotiate and administer contracts; perform effective decision making that includes accurate situation analysis and ability to adopt an effective course of action; implement organizational strategies and change; influence others to achieve common goals; learn and interpret specific rules, laws, and policies and apply them in a variety of situations; work in teams, collaborate with others and build inclusive teams; provide leadership, manage, and develop subordinate staff; exercise initiative and judgement within defined policies and procedures; develop, improve, and implement work policies and procedures; develop budget recommendations for the division; maintain records; communicate clearly and effectively, orally and in writing; make formal presentations to the public; establish and maintain effective collaborative relationships with Board trustees, staff, external agencies, consultants, the public, and other stakeholders; perform responsibilities with minimum supervision; develop and maintain statistical reports and metrics; and operate a personal computer utilizing financial software and Microsoft applications such as Word, Excel, Outlook and TEAMS.
EXAMINATION CONTENT: This selection process will consist of:
Part I: A qualifying evaluation of application information and the desirable qualifications.
Only the highest qualified applicants as determined under Part I, will be invited to continue in the selection process under Part II.
Part II: An Appraisal (Oral) Interview weighted 100%.
The appraisal (oral) interview will assess the applicant's knowledge, experience, and general ability to perform the essential functions of the position.
APPLICANTS MUST MEET THE REQUIREMENTS AND ACHIEVE A PASSING SCORE OF 70% OR HIGHER ON THE WEIGHTED PORTIONS OF THE EXAMINATION IN ORDER TO BE PLACED ON THE ELIGIBLE REGISTER.
All notifications including invitation letters will be sent electronically to the email address provided on the application. It is important that you provide a valid email address. Please add CChan@lacera.com, lalvarez-nunez@lacera.com, and info@governmentjobs.com, to your email address and list of approved senders to prevent email notifications from being filtered as spam/junk/clutter mail. Test scores/results cannot be given over the telephone.
DO NOT select "Off" under Email Preferences within your profile or click "Unsubscribe" on our notices if you would like LACERA to notify you regarding your application status, test schedules, and other important information pertaining to your candidacy for this position.
LACERA will not consider claims of not viewing or receiving notification to be a valid reason for late test administration or rescheduling of a test component.
Those candidates which are determined eligible for hire under the Los Angeles County's Civil Services Rules may be invited to the selection process which may be comprised of a selection interview and/or job-related assessments.
ELIGIBLE INFORMATION:
The names of candidates receiving a passing grade will be placed on the Register in the order of their score group for a period of twelve (12) months following the date of promulgation.
APPLICATION AND FILING INFORMATION:
Application must be submitted online. Applicants can check the status of their applications at anytime by logging into their account on www.governmentjobs.com
The acceptance of an employment application depends upon whether or not an applicant has provided adequate information that clearly demonstrates meeting the Minimum Requirements for the position as stated above. Please complete the application and supplemental questionnaire thoroughly and completely. Information provided in the supplemental questionnaire must be reflected in the application to be considered.
Failure to provide complete information on the employment application and on the supplemental questionnaire will impact the assessment of an applicant's qualifications and acceptance in the selection process.
Applications submitted without the complete work history and the supplemental questions completed in their entirety will be rejected as incomplete. "See application" or "See resume" or copy and paste of work experience is not sufficient or qualifying responses.
Resumes will not be accepted in lieu of the completed application or supplemental questionnaire.
EDUCATION: In the space provided for education, include the names and addresses of schools attended, and number of credits, degree, and/or certificate(s) earned.
In order to receive credit for any college course work, or college degree, such as an Associate, Bachelor, Master, Doctorate degree, or for completion of a certificate program, you must include a legible copy of the official diploma, official and/or unofficial transcripts, or an official letter from the accredited institution which shows the area of specialization or official certificate(s) at the time of filing or within ten (10) business days from application submission date.
Degree Accreditation Information: Accredited institutions are those listed in the publications of regional, national or international accrediting agencies. Publications such as American Universities and Colleges and International Handbook of Universities are acceptable references. Also acceptable, if appropriate, are college degrees that have been evaluated and deemed to be equivalent to degrees from United States accredited institutions by an academic credential evaluation agency recognized by The National Association of Credential Evaluation Services (NACES) or the Association of International Credential Evaluators, Inc. (AICE).
Applicants must provide the appropriate attachments during application submission, or email the documentation to humanresources@lacera.com within ten (10) business days of filing. Please include the examination title and number on the documentation.
Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.
Your employment history should be listed in order beginning with the most recent.
For each job held, provide the name and address of your employer, your job titles, beginning and ending dates, description of work performed, and reason for leaving.
If you have worked in more than one position for one employer, list each job title and/or area of assignment separately on the application to demonstrate your experience in various assignments/occupational areas.
Part-time experience will be evaluated on the basis of its fractional equivalent of a 40-hour workweek.
All required experience must be paid.
This position may require working evenings, weekends, and holidays.
TO APPLY ONLINE GO TO: www.lacera.com and click on the Careers link.
Faxed, emailed, or hardcopy (paper) applications will not be accepted.
COMPUTER AND INTERNET ACCESS AT PUBLIC LIBRARIES: For candidates who may not have regular access to a computer or the internet, applications can be completed on computers at public libraries throughout Los Angeles County.
Candidate(s) who complete examination process with acceptable results will be considered by the Department hiring authority. Upon an offer of employment, a comprehensive background investigation will be conducted, which includes verification of experience, and/or education, credit history, and fingerprinting through the California Department of Justice and the Federal Bureau of Investigation.
IMPORTANT NOTE:
Please note that ALL information included in the application materials is subject to VERIFICATION at any point during the examination and hiring process, including after an appointment has been made. FALSIFICATION of any information may result in DISQUALIFICATION or RESCISSION OF APPOINTMENT.
Utilizing VERBIAGE from the Classification Specification, Minimum Requirements, and/or Desirable Qualifications serving as your description of duties WILL NOT be sufficient to demonstrate that you meet the requirements. Doing so may result in an INCOMPLETE APPLICATION and you may be DISQUALIFIED. Applications may be rejected at any stage of the examination process.
SPECIAL INFORMATION:
Anti-Racism, Diversity, and Inclusion (ARDI)
LACERA recognizes and affirms that all people are created equal and are entitled to all rights afforded by the Constitution of the United States. LACERA is committed to promoting Anti-racism, Diversity, and Inclusion efforts to address the inequalities and disparities amongst race. We support the ARDI Strategic Plan and its goals by improving equality, diversity, and inclusion in recruitment, selection, and employment practices.
Fair Chance Initiative for Hiring Ordinance (FCIHO)
LACERA is a Fair Chance employer. Except for a very limited number of positions, you will not be asked to provide information about a conviction history unless you receive a contingent offer of employment. LACERA will make an individualized assessment of whether your conviction history has a direct or adverse relationship with the specific duties of the job, and consider potential mitigating factors, including, but not limited to, evidence and extent of rehabilitation, recency of the offense(s), and age at the time of the offense(s). If asked to provide information about a conviction history, any convictions or court records which are exempted by a valid court order do not have to be disclosed.
Requests for accommodation: humanresources@lacera.com
Teletype Telephone: (800) 899-4099
Department Contact Name: Connie Chan / Lucy Alvarez-Nunez
Department Contact Telephone: (626) 831-9826 / (626) 365-0919
Department Email: humanresources@lacera.com