Accountant

Employer
USAJobs
Location
Washington, D.C
Posted
Jul 19, 2019
Closes
Jul 27, 2019
Function
Accountant
Hours
Full Time
Duties

Summary

This position is located in Office of Finance and Operations, Office of Financial Management, in Washington, DC. The Office of Financial Management Team is responsible for producing internal financial management reports and analyses; preparing the Department's monthly, quarterly, and annual financial statements and related notes and schedules; and coordinating the external audit of the agency's financial statements.

Learn more about this agency

Responsibilities

APPLICATION LIMIT: This vacancy announcement is limited to the first 100 applications received and will close at 11:59PM Eastern Time on the day that we receive the 100th application, or at 11:59PM Eastern Time on the listed closing date, whichever occurs first.

We encourage you to read this entire vacancy announcement prior to submitting your application.

As an Accountant, GS-510-15, you will be responsible for:
• Provides expert knowledge and expertise in Federal credit policies to ensure compliance with the Federal Credit Reform Act; implements the Federal Credit Reform Act and provides oversight of complex loan accounting systems and accounting models and related U.S. Standard General Ledger (USSGL) guidance and Federal Accounting Standards Advisory Board (FASAB) guidance, including budgetary and proprietary transactions and prepares financial statements and associated analyses for large Federal loan programs.
• Analyzes Federal Credit loan program accounting transactions and loan program cohort accounting data, and then uses the analysis to develop credit reform reports in compliance with statutes or regulations.
• Applies Federal generally accepted accounting principles for credit reform accounting and interprets and implements statutes, regulations, policies and procedures related to Federal Direct and Federal Guaranteed Loans.
• Compiles agency financial statements in accordance with the Federal Credit Reform Act.

Travel Required

Not required

Supervisory status
No

Promotion Potential
15

Requirements

Conditions of Employment

  • Relocation will not be paid.
  • Males 18 and over must be registered with the Selective Service.
  • Must be a US Citizen.


You must meet all qualification requirements within 30 days of the closing date of this vacancy announcement.

If you are a current federal employee, you must meet all time-in-grade and time-after competitive appointment qualifications within 30 days of the closing date of this vacancy announcement. To verify that you meet these requirements, we will review your responses to the core eligibility questions on the occupational questionnaire, as well as your submitted resume and required documents. To make an accurate determination, you will need to include on your resume your federal position title, pay plan, occupational series, grade level, agency, dates for which you held the grade level (stated as MM/YYYY to MM/YYYY, OR MM/YYYY to PRESENT), and total hours worked per week.

Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student; social).

Qualifications

Basic Education Requirement

In order to meet the Basic Education Requirement for the Accountant, 510 series you must possess the following:

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.")

OR

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:
  • Twenty-four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law;
  • A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; or
  • 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.

  • Minimum Qualification Requirements
    In addition to the Basic Education Requirement, you must meet the following minimum qualifications for the Accountant, GS-510-15:
    At least one year of specialized experience equivalent to the GS-14 level or equivalent performing all three (3) of the following duties or work assignments:
    1. Applying knowledge of the professional principles, theories, techniques, and practices of generally accepted accounting principles and standards to broad and difficult assignments.
    2. Interpreting complex financial and accounting data and providing appropriate analysis procedures and instructions, which cover the full spectrum of accounting.
    3. Serving as a Project/Program Manager providing professional accounting, finance and reporting services, management advice, and assistance to supported customers in the application of accounting theories, concepts, principles and standards to independently negotiable solutions to the most complex issues related to accounting operational, reporting and finance work impacting the agency.

    Knowledge, Skills, and Abilities (KSAs)
    The quality of your experience will be measured by the extent to which you possess the following knowledge, skills and abilities (KSAs). You do not need to provide separate narrative responses to these KSAs, as they will be measured by your responses to the occupational questionnaire (you may preview the occupational questionnaire by clicking the link at the end of the Evaluations section of this vacancy announcement).
    1. Knowledge of the Federal Credit Reform Act and related accounting transactions and OMB guidance (including OMB Circular A-11 and A-129); USSGL guidance; and FASAB guidance, including budgetary and proprietary transactions and preparing financial statements for Federal loan programs.
    2. Ability to design, develop and implement regular reporting analyses related to Federal Credit Reform and the Department's loan programs.
    3. Knowledge of the theories, concepts, principles, and practices of accounting and financial management sufficient to complete difficult assignments involving planning, developing, and implementing operational strategies.
    4. Knowledge of applicable financial reporting requirements, including OMB Circular A-136 and skill in compiling or auditing agency financial statements, their development, issuance and interpretation.

    Education

    Foreign Education: Education completed in foreign colleges or universities may be used to meet education requirements if you can show that the foreign education is comparable to that received in an accredited educational institution in the United States. It is your responsibility to provide such evidence when applying. Click on the link for a list of accrediting organizations recognized as specializing in interpretation of foreign education credentials.

    Additional information

    Veterans' Career Counseling: If you are a veteran interested in receiving tips on preparing a Federal resume and/or how to prepare for an interview, you may email Iwork@ed.gov to schedule a session with a career counselor ("Veterans Counseling Session" should be placed in the subject line of the email).

    Student Loan Default: If selected for this position, we will verify that you have not defaulted on any loan funded or guaranteed by the U.S. Department of Education. If you are found to be in default, we will contact you to make arrangements for repayment prior to making an official offer of employment.

    Suitability and Investigation: If selected for this position, you will be required to complete the Declaration for Federal Employment (OF-306) to determine your suitability for federal employment and successfully complete a pre-appointment investigation/background check.

    Essential/Non-Essential: This position is considered non-essential for purposes of reporting to work during federal government closures.

    Financial Disclosure: This position requires financial disclosure.

    Telework: This position is telework eligible.

    Bargaining Unit: This position is not included in the bargaining unit.

    Selections: Agencies have broad authority under law to hire from any appropriate source of eligibles and may fill a vacancy in the competitive service by any method authorized. We may make additional selections from this vacancy announcement within 90 days from the date the selection certificates are issued, should vacancies occur. We may also share selection certificates amongst program offices across the agency.

    How You Will Be Evaluated

    You will be evaluated for this job based on how well you meet the qualifications above.

    We use a multi-step process to review and evaluate applicants:

    1. Eligibility and Minimum Qualifications
    Once the vacancy announcement closes, we will review your submitted resume and documents to determine if you meet the eligibility and minimum qualification requirements, including any required education, experience, and/or selective placement factors. You will be rated as ineligible if you are outside of the area of consideration (i.e., who may apply) or your application is missing any required documents. You will be rated as not qualified if you do not possess the minimum qualification requirements.

    2. Rating and Ranking
    If you are found to meet both the eligibility and minimum qualification requirements, we will assess the quality of your experience and the extent to which you possess the required KSAs by comparing your submitted resume and documents against your responses to the occupational questionnaire. (The occupational questionnaire is the list of questions in the automated system that you will have an opportunity to answer once you apply for the position).

    Based on the outcome of this evaluation, you will be assigned a numerical score (out of 100 possible). If your responses to the occupational questionnaire are not substantiated by your submitted resume, you may be eliminated from receiving further consideration.

    3. Referral and Selection
    If you are found to be amongst the most highly qualified applicants, you will be referred to the selecting official. As part of the assessment and selection process, the selecting official may invite you to participate in a structured interview, check your references, and/or request that you submit a writing sample or complete a written assessment or exercise to further evaluate your qualifications for this position.

    To preview questions please click here .

    Background checks and security clearance

    Security clearance
    Other

    Drug test required
    No

    Required Documents

    You must meet all qualification requirements within 30 days of the closing date of this vacancy announcement.

    If you are a current federal employee, you must meet all time-in-grade and time-after competitive appointment qualifications within 30 days of the closing date of this vacancy announcement. To verify that you meet these requirements, we will review your responses to the core eligibility questions on the occupational questionnaire, as well as your submitted resume and required documents. To make an accurate determination, you will need to include on your resume your federal position title, pay plan, occupational series, grade level, agency, dates for which you held the grade level (stated as MM/YYYY to MM/YYYY, OR MM/YYYY to PRESENT), and total hours worked per week.

    Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student; social).

    If you are relying on your education to meet qualification requirements:

    Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

    Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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