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This recruitment will remain open until filled, and it is in the candidate’s best interest to apply early.

The Washington State Investment Board (WSIB) is a dedicated global investment management organization with over $211.5 billion in assets under management. The WSIB's globally diversified portfolios are comprised of more than 18,500 holdings across 93 countries on 6 continents and in 50 currencies. The WSIB's central mandate is to maximize return at a prudent level of risk. The WSIB manages investments for 18 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. We also manage investments for several other important public funds that benefit Washington’s industrial insurance program, colleges and universities, and developmental disability programs. The WSIB’s excellent investment performance dramatically contributes to the state’s bottom line. 

To learn more about our organization and the work we do, please visit our website at sib.wa.gov and follow us on LinkedIn. 

The WSIB operates in a hybrid work environment and this position should anticipate 60% of their time in the Olympia office.

The WSIB is seeking a qualified candidate to join our Investment and Financial Services team as an Investment Accountant. This role assists in ensuring effective and efficient operations of the unit, including; daily cashflow processing in our private market portfolios, cashflow oversight, and monthly and quarterly reconciliations between several complex investment accounting support systems. This position supports the agency’s mission to invest with integrity, prudence, and skill to meet the financial objectives of those we serve and the investment division by ensuring that the investment portfolio is accounted for in compliance with state law and governmental accounting standards.  

DUTIES

IF SELECTED FOR THIS OPPORTUNITY, YOU WILL:

• Review and maintain all partner capital call and distribution notices while monitoring cash activity at our custodial bank in the private market accounts. 
• Accurately enter accounting transactions after validating our private market service providers letter of direction to each partner notice. In addition, review entries completed via the automated upload system and verify for accuracy.
• Validate monthly alternative asset valuation reports prepared by our private market service provider to ensure accuracy of valuations. Reconcile all activity used to compute the ending market value for each partner to our supporting documentation and internal systems. 
• Validate and monitor trading activity in the private equity stock distribution portfolio. Verify sells of the securities according to contractual terms.
• Proactively manage the portfolio administration group mailbox. Escalate urgent items to senior accountants or managers and distribute tasks to team members and other internal teams.
• Serve as backup for securities litigation filing processes. Responsible for ticket entry into the shadow accounting system when litigation cash is received.

QUALIFICATIONS

COMPETITIVE APPLICANTS WILL HAVE:

• Bachelor's degree in accounting, finance, or related field.
• Two years’ experience in accounting, investment accounting, or closely related field.

THE STRONGEST APPLICANT WILL HAVE:

• Full understanding of Generally Accepted Accounting Principles, regulations, guidelines, and standards pertaining to investment accounting. 
• Certified Public Accountant designation.
• Knowledge of regulations, guidelines, and standards pertaining to investment accounting and state accounting requirements. 
• Knowledge of custodial bank procedures and investment accounting service provider capabilities and operations.
• Ability to communicate effectively across all levels within the WSIB and external stakeholders.  Excellent customer service skills to internal and external stakeholders.
• Proactive project / time management - Able to prioritize competing deadlines. Complete and deliver projects from concept to conclusion.
• Computer Skills – Intermediate to advanced Excel skills. Experience with complex financial processing systems and trade settlement platforms.

If your experience or qualifications look different from what we have identified and you think you can be successful in this position, please address this in your cover letter.

CLICK HERE TO APPLY!

In addition to a complete profile, please include:

• A cover letter specifying why this position is of interest to you and how you meet the qualifications listed above. This letter should be no more than two pages.
• A current chronological resume.
• A list of at least three professional references under the profile section. References will not be contacted without the written consent of the applicant but must be submitted at the time of application.

BACKGROUND CHECK:

Prior to a new hire, a background check including education verification, credit check, and criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining applicant’s suitability and competence to perform in the position.

At the WSIB you’ll experience true work-life balance and talented, passionate co-workers focused on maximizing the investment returns for the exclusive benefit of the beneficiaries. The WSIB is a respected institutional investor and thought leader in its industry and we value diverse perspectives and life experiences. The WSIB is supportive of an H1B Sponsorship. 

The WSIB is an equal opportunity employer. Women, people of color and those representing diverse ethnicities, persons of disability, persons over 40 years of age, veterans, military spouses or people with military status, and people of all sexual orientations and gender identities are encouraged to apply.

Employees may be eligible for the following benefits:

Medical, Dental, and Vision for employee & dependents; Public Employees Retirement System (PERS); Vacation, Sick, and other Leave; 11 Paid Holidays and 1 Personal Holiday per year; Public Service Loan Forgiveness; Long Term Disability; Life Insurance; Deferred Compensation Programs; Dependent Care Assistance Program (DCAP); Flexible Spending Arrangement (FSA); Employee Assistance Program; Commute Trip Reduction Incentives; professional development opportunities; flexible work schedules; and participation in the Combined Fund Drive; and SmartHealth.

An overview of benefits of state employment and WSIB specifically can also be found on our website (Download PDF reader).

The WSIB is committed to the full inclusion of all qualified individuals. As part of this commitment, the WSIB will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@sib.wa.gov.