Accountant, Financial Analyst, Financial Reporting

Summary

This position is located in the Farm Credit System Insurance Corporation (FCSIC), Financial Management Division (FMD), in McLean, Virginia. The incumbent serves as an Accountant and reports directly to the Chief Financial Officer (CFO). FCSIC utilizes a shared service provider to support financial reporting.

Duties

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Supports the financial management and insurance fund operations of FCSIC, including accounting and financial reporting, internal control evaluation and administration, data analysis, investment and premium-related activities, and special projects. Reviews and analyzes financial data; assists with the preparation of monthly, quarterly, and annual financial reports; ensures compliance with applicable federal laws, regulations, policies, and standards; and contributes to the development and documentation of policies and procedures.

Major duties include things such as:

• Reviews and evaluates financial data and transactions recorded in the financial management system, including posting entries and reconciliations of cash, investments, premium receivables, and other accounts.
• Assists with the preparation of monthly, quarterly, and annual financial statements and related reports, including government-wide and regulatory reporting such as Office of Management and Budget (OMB) data requests and year-end audits.
• Analyzes trends in insurance obligations, Insurance Fund percentages, and projected investment income; coordinates with Farm Credit System (FCS) banks or Associations to obtain data or communicate information; and projects insurance premium assessments to FCS banks.
• Drafts and updates policies, procedures, standard operating procedures (SOPs), Board materials, and other written reports and documents related to financial management, internal controls, and program operations.
• Performs internal control risk assessments for FCSIC operations and the control environment pursuant to the Federal Managers' Financial Integrity Act (FMFIA) and other relevant guidance.
• Assists in the administration of the travel system, including routing changes, assigning proper accounting codes, and responding to employee inquiries; makes, allocates and reviews purchase card transactions.

Requirements

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Conditions of employment

• Must be a U.S. citizen.
• Males born after 12-31-59 must be registered for Selective Service.
• Resume and supporting documents (See
  
  How to Apply
  
  )
• Suitability for Federal employment, as determined by a background investigation.
• May be required to successfully complete a probationary or trial period.
• Submission of a financial disclosure report may be required.

Qualifications

Desirable

Qualifications:

Experience with federal or public-sector financial reporting and audits; experience performing account reconciliations and preparing adjusting entries; experience evaluating internal controls and documenting processes and operating procedures/policies; and experience preparing analytical reports on financial trends, premiums, or investments for management decision-making.

Basic Requirements

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

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…