Accountant (Senior Accountant)
This position is located in the Financial Reports Office, Office of the Chief Financial Officer, Office of the Librarian.
This Vacancy Announcement will be open for thirty (30) days. However, first consideration may be made 14 days after the opening date.
The position serves as a Senior Accountant who has the responsibility for the accuracy and integrity of the Library of Congress and its cross-service agencies general ledger, subsidiary and central accounting functions which includes accounting and control of appropriated funds, reimbursable activities, revolving funds, and gift and trust funds. The incumbent will prepare financial statements and notes; analyze, interpret and reconcile financial and accounting data; prepare Federal financial reports; manage the capitalization of agency assets and support the financial audits. The Financial Reports Office prides itself on providing timely and accurate financial statements, using sound judgement in performing analytical work, using innovative business practices and techniques, and providing excellent customer service.
The position description number for this position is 325419.
Applicants must have had progressively responsible experience and training sufficient in scope and quality to furnish them with an acceptable level of the following knowledge, skills, and abilities to perform the duties of the position without more than normal supervision.
Ability to gather, compile, and analyze financial data using analytical methods and techniques to identify and resolve complex financial issues.**
Knowledge of accounting principles, practices, and techniques.**
Ability to use financial computer systems and software applications for financial analysis work.
Ability to communicate in writing.
Knowledge of Federal financial management policies and procedures.
Ability to communicate effectively other than in writing.
A. Degree: Accounting; or a degree in a related field such as Business Administration, Finance, or Public Administration that included or was supplemented by 24 semester hours in Accounting. The 24 hours may include up to 6 hours of credit in Business Law. (The term "accounting" means "accounting and/or auditing" in this standard. Similarly, "accountant" should be interpreted, generally, as "accountant and/or auditor.")
B. Combination of education and experience: at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge. The applicant's background must also include one of the following:
1. Twenty-four (24) semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law; 2. A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination;
3. Completion of the requirements for a degree that included substantial course work in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24-semester-hour requirement of paragraph A, provided that (a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, e.g., valuation engineering or financial institution examining; (b) a panel of at least two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and of related and underlying fields that equals in breadth, depth, currency, and level of advancement that which is normally associated with successful completion of the 4-year course of study described in paragraph A; and (c) except for literal nonconformance to the requirement of 24 semester hours in accounting, the applicant's education, training, and experience fully meet the specified requirements.
You must provide legible transcripts or a list of college courses showing completed course work, semester hours earned, and degree(s) awarded, and a copy of your professional certification, if applicable as noted under the Basic Requirements. Failure to submit the required documentation at the time of application will eliminate you from further consideration. Official documents will be required if selected.
Public Trust - Background Investigation
Serves as a technical expert, providing technical guidance that is compliant with the U.S. Standard General Ledger (USSGL) in recording and controlling all types of accounting transactions, including assets, investments, obligations, accounts payable, accounts receivable, cost accruals, and disbursements.
Oversees, prepares, analyzes and interprets accrual based Federal financial statements and notes in accordance with Generally Accepted Accounting Principles (GAAP) for quarterly and year-end reporting. Performs other Federal financial reporting and analysis that supports the Library’s mission essential programs and its cross-service agencies such as SF-224, GTAS, GFRS, intergovernmental transfers, funds control and general ledger. The reporting may include the use of appropriated funds, reimbursable activities, revolving funds, and gift and trust funds. Prepares presentations to present information to operating and program officials at all management levels. Responds to questions regarding accounting data discrepancies.
Assures that fiscal transactions are in compliance with Federal government laws, regulations and standards from the Office of Management and Budget, Government Accountability Office and the Treasury Department and ensures the records and statements accurately reflect a full disclosure of the financial results of operations.
Serves as the expert authority on the asset and leasehold improvements capitalization program. Provides expert guidance on capitalized assets and leasehold improvements recordation and depreciation in accordance with GAAP and the Federal government regulations, laws and standards. Ensures completeness, timeliness, accuracy and adequate safeguards and control over assets.
Serves as an expert authority on analysis, interpretation and reconciliation of integrated accounts for various accounting processes and systems. Evaluates and applies expert knowledge of control functions in financial reporting and accounting systems to solve complex and controversial problems that are new or novel in nature and require reconciliation of diverse needs and viewpoints in arriving at a final solution, ensuring requirements are met in accordance with laws, regulations, and standards. Develops, evaluates, and recommends options and implements approved changes to improve accounting processes and new accounting system functionality to satisfy regulatory requirements, maintain adequate controls, and capture useful, reliable, and meaningful financial information.
Establishes and monitors controls to identify problem areas and risk, determine actions required, improve operating effectiveness, and ensure and maintain the integrity of financial and accounting data. Performs special audits, studies, and/or reviews to determine the reliability and accuracy of the accounting reports and financial statements. Supports the year-end financial audits and other program audits.
Performs research, interpretation and drafting of financial policies and procedures in accordance with Federal laws, regulations and standards. Consolidates and develops guidance for complete accounting processes and systems for the Library and its cross-serviced agencies. Develops guidance and provides technical consultation to supplement guidelines received from the Library of Congress headquarters, Government Accountability Office (GAO), Department of Treasury, and/or the Office of Management and Budget (OMB).
Serves as a technical expert, providing guidance related to cost allocation methodologies and procedures. Ensuring full and proper utilization of cost accounting functions, including cost control, analysis and reconciliation. Provides expert technical guidance and advice to management related to planning, coordinating, and generating a wide variety of complex cost accounting reports and financial statements. Performs reviews, analysis, and reporting on various accounting functions. Applies specialized cost accounting knowledge to solve controversial problems in financial reporting, developing cost accounting changes, and ensuring all reporting requirements are met in accordance with laws, regulations, and standards.