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DFA CAFR ASSET SPECIALIST

The Department of Finance and Administration (DFA) Comprehensive Annual Financial Report (CAFR) Asset Specialist is responsible for monitoring and assisting state agencies with the

Class Code:

R042C

Job Grade:

GS08

Special Job Requirements:

None

Typical Functions:

Provides correcting journal entries, training, or guidance on capitalization or reports on fixed assets to agency Directors, Controllers, Fiscal Division Managers, Internal Auditors, DFA Office of Accounting staff, and Division of Legislative Audit staff by researching and interpreting federal and state laws and agency policies and procedures. Provides assistance to agencies in establishing and maintaining general ledgers on fixed asset, reviews posted entries to general ledgers and subsidiary accounts, balances accounts periodically, and helps agencies set up asset shells to record fixed assets, close WBS elements to a project, to an asset under construction or a fixed asset shell, as applicable and close assets under construction to fixed asset shells, as needed. Upon approval of the Office of Accounting Administrator for requests to process credit for state property forms, coordinates the proper and timely removal of assets between Office of Accounting and agencies. Coordinates with agency staff to ensure proper and timely posting of post capitalization assets as discovered in the closing period, post caps items deemed appropriate, and prepares reports to upper management explaining findings. Corresponds with agencies concerning their corrective action plans for audit findings of state agencies that have not complied with state and federal laws. Researches, analyzes and responds to inquiries and requests for interpretations regarding compliance to rules, laws, or policies on fixed assets. Researches, analyzes, and responds to inquiries and requests for interpretations regarding compliance to rules, laws or policies on fixed assets. Performs other duties as assigned.

Knowledge, Abilities, and Skills:

Knowledge of Generally Accepted Accounting Principles (GAAP). Knowledge of manual and automated accounting systems. Knowledge of Microsoft applications and calculators. Ability to develop and maintain manual or automated accounting systems. Ability to interpret and apply the provisions of laws, rules, or policies to accountingtransactions. Ability to analyze financial information and prepare reports. Ability to provide technical assistance to management, research investigators, staff, and thegeneral public regarding accounting operations. Ability to use Microsoft Outlook, Excel, and Word. Ability to use a calculator. Ability to work in the Arkansas Administrative Statewide Information System (AASIS). Ability to convey and exchange oral and written information.

Minimum Qualifications:

The formal education equivalent of a bachelorâ€Ã¢Ã‚„¢s degree in accounting with a minimum of 125 college hours (eligible to sit for the Certified Public Accountant exam); plus one year of specialized experience in accounting, fixed assets, or a related field. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Required Certificates:

None

Exempt:

N
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