State of Arizona :


Job Information
Job Reference ID:  55046 
Grade:  24 
Posted Date:  03/26/2020 
Close Date:   
Job Description

Honoring the contributions and sacrifices of Arizona’s public safety employees by providing outstanding service to those who protect and govern our state.


Investment Operations Division

Salary Range: $76,000 - $105,000 Annually Dependent on Experience

(This is an Exempt Position)

3010 East Camelback Rd., Suite # 200 Phoenix, AZ. 85016

This announcement will remain open until filled. 

First review of resumes will be on April 8, 2020.


Are you looking for a career where you can make a difference?  Would you like to be part of a culture that promotes learning and collaboration while helping employees with what they need to succeed and thrive?  If so, Public Safety Personnel Retirement System (PSPRS) is looking for talented people who will help us achieve our goal of honoring the contributions and sacrifices of Arizona’s public safety employees by providing outstanding service to those who protect and govern our state.  At PSPRS we understand that it begins with outstanding talent. It all begins with you.  Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience. 

The mission of Public Safety Personnel Retirement System is to deliver unparalleled service in providing retirement benefits to Arizona’s community of police officers, firefighters, corrections officers, judicial and elected officials. PSPRS serves approximately 60,000 active and retired public employees.  We offer competitive pay and excellent benefits to those eager to serve our membership and mission. Interested applicants can visit to learn more about our agency.


PSPRS is currently seeking a highly motivated and reliable Accounting professional to join its Investment Operations (IO) team. Reporting to the Director of Investment Operations, this role works closely with the other members of IO team, as well as Compliance and Legal departments, and is primarily responsible for processing and tracking all cash and asset movements/transactions (capital calls, security trades, and various other income and expense-related transactions, as applicable). It also is responsible for maintaining internally and reconciling accounting records for all of the Trust’s investments, which currently include commingled and separate accounts of liquid and illiquid securities (private equity and similar drawdown-type funds, hedge funds, passively traded SMAs, and various co-investment vehicles), in accordance with the industry best practices. Other duties include NAV and capital commitment reconciliations, investment fee/expense validation, tax reclaims processing, as well as periodical and ad hoc reporting on accounting positions and transactions. Finally, this role involves clearing exceptions, identifying and promptly addressing any issues that affect the accuracy of the accounting book of record, and overseeing/ensuring the overall integrity and consistency of same.


The Investment Accountant is responsible to:

  • Process investment-related transactions, largely consisting of internal and external cash transfers, by using the custodian bank proprietary online platform and/or letters of instruction, in compliance with the established internal procedures, and coordinating with multiple parties (both internal and external) to ensure timely trade execution.
  • Reconciles investment-related activity reflected in internal ledgers vs. custodian records and/or external manager statements, ensuring appropriate accounting treatment for all transactions; assuming full responsibility for documenting, researching, and resolving any discrepancies within reasonable time frames.  
  • Assists with the monthly close activities and ad hoc requests involving accounting data from internal and external stakeholders (investment consultants, in-house and externally contracted legal professionals, portfolio managers, etc.). Handles various information requests related to audits and/or regulatory compliance.   
  • General organization and data management as it relates to:
    • All  accounting records for externally and internally managed investments (including but not limited to monthly and quarterly statements, cash flow notices and other pertinent fund documentation, as well as transaction paperwork, tax forms, banking information, etc.).  
    • Various internally maintained schedules, checklists, templates, and/ or forms pertaining to investment funding requests, management fee provisions, tax reclaims, fund audit confirmations, and other miscellaneous documentation on portfolio activity.   
  • Produces regular accounting reports for internal and external (public) consumption. Monitors and forecasts changes in portfolio asset allocation and cash position.  
  • Interacts with key stakeholders including external consultants, Custodian Bank, Trustees and other information managers.
  • Analyzes complex financial and legal documents to evaluate accounting implications and making recommendations as necessary.
  • With support and direction from Legal department and the custody bank, handles and processes all investment-related tax compliance and reclaims documentation.
  • Works collaboratively with Investments, IO, and/or Compliance staff to develop procedures and protocols that support new and/or enhanced products and services, create workflow efficiencies, and increase process adherence.
  • Other duties as assigned.

MINIMUM QUALIFICATIONS (Knowledge, Skills and Abilities):

Knowledge of:

  • Key accounting principles, concepts, practices, methods and techniques, GAAP requirements; advanced expertise (or genuine interest in developing same) in investment fund accounting and reporting, including Limited Partnerships and other alternative investment vehicles.
  • Various  investment structures and instruments, including stocks, bonds, derivatives, as well as hedge funds, private equity, private credit, and real estate partnerships. Familiarity with investment fund economics, valuation methodologies, and various operational due diligence practices (preferred).
  • Policies and procedures related to document management in a regulated private and/or public setting.
  • Principles set by the Government Accounting Standards Board (GASB).
  • Tax issues relating to domestic and international investment transactions/holdings.

Skill in:

  • Fund accounting and reporting (familiarity and/or experience with investment/private partnership accounting a plus).
  • Financial analysis, cash flow modeling and reconciliation, ability to create and utilize complex spreadsheets in MS Excel.
  • Document management, organizing multiple internal and external sources of data flow.
  • Advanced interpersonal, verbal, and written communication skills.

Ability to:

  • Complete all tasks, including the most routine/mundane assignments, with great attention to detail and strong sense of ownership.
  • Prioritize and manage multiple tasks/projects while working in a fast-paced, unstructured, and highly dynamic environment.
  • Exhibit excellent follow-through and teamwork skills under the pressure of deadlines.
  • Accept a high degree of responsibility in an environment where mistakes can have significant financial consequences. Communicate openly and proactively about any issues and errors.
  • Establish and maintain effective relationships, necessary to meet operational goals and objectives, with other teams/functions within the organization as well as across the network of its external partners.
  • Take initiative to solve complex problems, autonomously and proactively research and address errors and inefficiencies, focusing on continuous improvement and taking into consideration the entire investment process.


  • Advanced degree and/or continuing education in accounting/finance.
  • Hands-on operational experience in the asset management industry (trade support/settlements, portfolio reconciliation, treasury operations, fund accounting, compliance, or similar) strongly desired.


  • Employment is contingent on the selected applicant passing a background investigation to include credit and criminal history. 


At PSPRS, we promote the importance of work/life balance by offering workplace flexibility, a learning environment and a team oriented culture.  Among the many benefits of a career with PSPRS, are 10 paid holidays per year, accrual of sick and annual leave, affordable medical benefits, participation in the Arizona State Retirement Plan (after 6 months of employment), optional participation in a 457 deferred compensation program, and employer matching on employee deferrals in the 457 plan (limited to a matching of 6% of salary on a per pay period basis).


Positions in this classification participate in the Arizona State Retirement System (ASRS).  Please note that enrollment eligibility becomes effective after 27 weeks of employment.

Arizona State Government is an EOE/ADA Reasonable Accommodation Employer.
All newly hired employees will be subject to E-Verify Employment Eligibility Verification.
Click the APPLY NOW button to submit your application.

Having trouble applying for this position?
[email protected] or call 602-542-4700 for assistance.


Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by contacting Andrew Goodwin at [email protected].  Requests should be made as early as possible to arrange the accommodation. 


Position Requirements
Position Level:    Hours:   
 Work Arrangement:     Employment Type:   
Hourly Rate:  $0.00 / per hour  Salary:  $76,000.00-105,000.00 


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