Accountant Trainee

Job Description

ACCOUNTANT TRAINEE | California Department of Insurance

The Tone:
This is a full-time, permanent role at the California Department of Insurance, located in Sacramento, CA, with a hybrid telework schedule. The Department of Insurance serves as California’s primary consumer protection agency for the nation’s largest insurance marketplace, safeguarding state consumers by regulating a vast insurance industry worth $340 billion annually. As an Accountant Trainee, you will play a crucial role within the Financial & Business Management Division, supporting the accurate maintenance of financial records and the efficient processing of payments for the Office of Revolving Fund & Travel Unit. Your work directly contributes to the financial integrity and operational efficiency of an agency overseeing nearly 1,400 insurance companies and licensing over 425,000 entities.

The TL;DR
• Role: Early Career
• Type: Permanent, Full Time
• Location: Hybrid Sacramento, CA
• Pay: $4,442.00 – $5,296.00 monthly
• Team: Financial & Business Management Division – Accounting Services Bureau – Expenditure Section – Office of Revolving Fund & Travel Unit; reports to Accounting Administrator I (Supervisor).
• Mission: Manages financial records and processes payments for the Office of Revolving Fund & Travel Unit, ensuring accurate accounting and compliance.
• Tech Stack: Oracle Financials, Expense Tracking System, Accounting Financials, FI$CAL

What You’ll Actually Do
• Maintain Financial Records: Perform professional accounting duties related to the maintenance and reporting of financial records specifically for the Office of Revolving Fund and Travel Unit (ORF) within the Accounting Services Bureau.
• Analyze Accounts: Assist with the thorough review, analysis, and research of various accounts and financial records directly pertinent to the operations of the Office of Revolving Fund and Travel Unit.
• Process Travel Expenditures: Support the reconciliation, maintenance, and detailed review of travel advances and expenditures, including auditing travel claims and processing associated payments accurately.
• Manage Accounting Systems: Analyze, research, evaluate, and execute corrective actions or entries within multiple Accounts Receivable accounting systems, including Oracle Financials, Expense Tracking System, Accounting Financials, and FI$CAL.
• Support Team Operations: Engage in occasional rotations among different areas within the ORF to facilitate cross-training, enhance knowledge retention, and provide necessary absence coverage, contributing to overall team flexibility.

The Must-Haves
• Background: Foundational understanding of accounting principles and methods, typically demonstrated through a degree and/or official school transcripts as required for classification eligibility.
• Experience: Demonstrated ability to perform professional accounting duties of average difficulty, including assisting with the review, analysis, and research of financial accounts and records. Experience in supporting reconciliations, maintaining and reviewing travel advances and expenditures, auditing travel claims, and processing payments.
• Skills: Capability in analyzing, researching, and evaluating financial data, with the aptitude to perform corrective accounting actions or entries accurately. Familiarity with Accounts Receivable accounting systems such as Oracle Financials, Expense Tracking System, Accounting Financials, and FI$CAL.
• Bonus: Prior experience with State accounting principles, methods, and procedures is highly desirable.