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Job Title: ACCOUNTANT 2*
Salary: $2,824.00 - $4,519.00 Monthly
$33,888.00 - $54,228.00 Annually
Job Type: Full-Time
Location: Statewide, Tennessee
 
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Description  Benefits  Supplemental Questions
 
ATTENTION: THIS JOB REQUIRES APPLICANTS TO
.
SEE DETAILS AT THE END OF THIS POSTING. 

SUMMARY: Under general supervision, is responsible for professional accounting work of average difficulty and supervisory work of routine difficulty; and performs related work as required.

DISTINGUISHING FEATURES: *This is the working class in the accounting sub-series, the entry class being subsumed by Accountant/Auditor 1. An employee in this class is responsible for performing specialized or general accounting tasks and is expected to exercise judgment and initiative in handling work assignments. Work may involve supervision of sub-professional accounting personnel and/or training of less experienced professional accountants. This class is flexibly staffed with Accountant/Auditor 1 and differs in that incumbents of the latter perform entry level accounting duties under immediate supervision. This class differs from that of Accountant 3 in that an incumbent of the latter performs more difficult and complex accounting duties and may lead or supervise other professional accountants.
 Examples of Duties and Responsibilities:
1. Records disbursement transactions into the accounting system to comply with funding requirements: compares accounting policies and procedures to generally accepted accounting principles (GAAP) or governmental GAAP to ensure transactions are accurately recorded and properly controlled; reviews grant activity reports to ensure compliance with contracts; meets with program managers to identify direct, indirect and allocated costs and determine cost efficiency; calculates total measurable units of indirect cost parameters; distributes specific taxes according to state statute; examines information on financial documents to identify discrepancies, ensure adequate funding and record expenses; enters adjustments into the accounting system for proper classification; applies IRS regulations to determine when an economic activity constitutes fringe benefits.

2. Records revenue transactions into the accounting system when revenue is due to or received by the state: analyzes spending patterns and cash inflows of special funds to ensure needs for cash are met; reviews accounting system reports to determine that the amounts of federal funds drawn are in compliance with the Cash Management Improvement Act; examines worksheets and reports to determine how receivables should be recorded; examines aging report to identify outstanding accounts and determine proper action (e.g., write-off, bill again or turn over to agency attorney); requests approval from Finance and Administration (F&A) or Comptroller's office to write off delinquent accounts; may work with collection agency to collect accounts receivable; prepares billings of projects receiving funding from the Facilities Revolving fund.

3. Records and summarizes transactions and prepares financial statements according to GAAP or governmental GAAP: records purchases, interest earnings, discounts and premiums for special funds to general or subsidiary ledger; determines and distributes bond sale proceeds due to agencies or programs and records bond fund debt; uses cash and non-cash transaction and other data to prepare financial reports; compares source documents to accounting records to ensure figures are accurate; maintains accurate inventories of supplies and equipment; identifies life of equipment and salvage value from guidelines to determine basis for depreciation; determines capital project funding requirements and ensures compliance with budget plans; reviews contracts to determine amounts of money to hold for retainage; prepares transactions to allocate funds to projects; audits petty cash accounts and manages cash drawer to maintain a proper balance with convenient currency; prepares bank reconciliation and investigates outstanding items.

4. Identifies problems with accounting procedures and develops solutions to ensure that transactions are properly authorized, classified and recorded and assets are guarded: examines operations of a departmental unit to determine if controls are in place, assets are safe-guarded and the risk of fraud, waste and abuse are reduced; assigns security profiles for staff to ensure efficient operations and a low risk environment; meets with management, staff and information systems/software personnel to identify deficiencies in accounting policies, procedures and systems; writes policies and procedures that comply with state and federal laws and regulations; prepares reports on accounting policy and procedural changes.

5. Supervises operations of a fiscal office and sub-professional accounting clerical and other staff: interviews job applicants and makes recommendations for staff selection; sets work unit goals and priorities based on policy, legislation and resources; discusses work resources, performance standards and assignments with management and staff to ensure work is completed properly according to policies and procedures; evaluates performance of subordinate staff and identifies training needs; may serve as a liaison to institutions, field offices, outside agencies or within the work unit to answer questions on program policies, accounting reports, taxes, license fees and legislative issues; prepares and submits reports, purchasing requests, expense claims and other administrative forms for approval or to meet federal or state requirements; reviews, verifies and approves financial documents.

6. Evaluates the viability, fiscal stability and budgetary compliance of state programs in order to organize financial data and provide support for management decisions: examines financial reports to identify missing transactions, trends, unreported collections or other errors; reviews accounting system entries to ensure transactions are properly classified and accurately recorded; identifies sources of fiscal variation or inconsistencies in transactions and recommends changes in operations; traces work flow to determine compliance with accounting procedures, evaluate business process risks and recommend corrective action; compares financial statements and budgets to prior year statements, budgeted funds and expenditures to check for consistency; sets financial priorities based on evaluation of unit resources, goals and objectives; writes budget summaries and justifications for improvements; answers questions in hearings on budget and fiscal operations; monitors bills and laws to determine financial impact on programs; advises and assists information technology personnel in matters related to computerized accounting and financial systems.
 Minimum Qualifications:
Education and Experience: Graduation from an accredited college or university with a bachelor's degree in accounting and experience equivalent to one year of full-time professional accounting or auditing work.

OR

Education and Experience:  Graduation from an accredited college or university with a bachelor's degree including thirty-six quarter hours in accounting and experience equivalent to one year of full-time professional accounting or auditing work.

Substitution of Graduate Education for Experience:  Graduate coursework credit received from an accredited college or university in accounting may substitute for the required experience on a month for month basis to a maximum of one year (e.g., 36 graduate quarter hours in the above listed field may substitute for one year of the required experience).

OR

Designated as a Certified Public Accountant (CPA).

Note: A transcript is required for a proper evaluation for this class.
 Necessary Special Qualifications/Examination Method:
NECESSARY SPECIAL QUALIFICATIONS: None.

EXAMINATION METHOD: Pass/fail written test; education and experience rating, 100%. To be eligible for Career Service employment consideration, an applicant must attain a passing score (70 or higher) on the written test. An applicant's score for register placement is based only on the education and experience rating.

WRITTEN TEST SUMMARY: The written test for Accountant 2 has been designed to assess the general knowledge, skills, and abilities required to successfully perform duties associated with this job. The test consists of 70 multiple choice questions organized into two test sections described below.

Accounting Fundamentals - These questions assess knowledge of
fundamental accounting concepts and the ability to apply these concepts in order to solve practical problems. (57 questions) 

Auditing - These questions assess knowledge of fundamental
auditing concepts and the ability to apply these concepts in order to solve practical problems. (14 questions)


RATING SUMMARY: In the rating process, points are assigned to the applicant's education and work experience following a structured format and using rating guidelines that have been developed to appropriately weight the education and experience that is valuable and relevant to the job. Rating scores usually range from a minimum passing score of 70 to a maximum score of 90, 100, or higher, depending on the scoring range established for a particular job classification.

The minimum passing score of 70 is generally based on the minimum qualifications required for the job. For example, if a job requires a bachelor's degree and no work experience, an applicant with a bachelor's degree and no other relevant education and/or work experience can expect to receive a minimum score of 70. Additional relevant education and/or work experience beyond the minimum qualifications may increase the score beyond the minimum of 70.