Our ideal candidate is a certified public accountant (CPA) experienced in financial accounting, reporting, Generally Accepted Accounting Principles (GAAP) accounting policy and procedures, and the regulatory process. You will play a key role in developing accounting policy and reporting standards for Farm Credit System (FCS) institution compliance. You will contribute to regulation and policy projects including prior approval projects for complex financial accounting and reporting issues.
This position is located in the Office of Regulatory Policy, Operations Management and Accounting Team, which manages policy and regulation development activities that ensure the safety and soundness of the FCS located in McLean, VA. As an Accountant (Policy Analyst), your specific duties include:
Providing technical support and expertise in the development of FCA's accounting policies applicable to Farm Credit System (FCS) institutions.
Participating in regulatory, policy, and prior approval projects, including those related to complex financial accounting, disclosure, and reporting issues.
Identifying emerging issues and risks resulting from changes in the Farm Credit Act or other applicable federal laws, regulations, and industry standards and guidelines, and assess the impact of those issues on the operations of FCS institutions.
Contributing to the development of FCA disclosure, reporting, and governance rules for compliance by FCS institutions.
Participating in projects related to mergers, consolidations, or other corporate or non-corporate formations, adjustments, reorganizations, or terminations in accordance with FCA regulations and guidance.
Preparing and delivering verbal and written briefings, reports, and other presentations to FCA management.
Occasional travel - 5% of time for training and conferences
Job family (Series)
Conditions of Employment
Must be a U.S. citizen.
One year probationary period, unless previously served.
Suitability for Federal employment, as determined by a background investigation.
Males born after 12-31-59 must be registered for Selective Service.
To qualify for this position you must meet both the Basic Requirements and the Specialized Experience Requirements for the grade level(s) to which you are applying by the closing date of this announcement.Basic Requirements: A degree in 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."ORA 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. Your 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; or
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) you have 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 you have 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, your education, training, and experience fully meet the specified requirements.
There is no substitute for education at the VH-38 grade level.
Specialized Experience Requirements: Specialized experience is experience that has equipped you with the particular knowledge, skills, and abilities to perform the duties of the position successfully. To qualify for this VH-38 (GS-12) band level, you must have specialized experience equivalent to the next lower band level, VH-37 (GS-11). Your descriptions of specialized experience should demonstrate your ability to advise on, administer, supervise, or perform professional accounting work that requires application of accounting theories, concepts, principles, and standards to the financial activities of governmental, quasi-governmental, or private sector organizations. One year of experience refers to full-time work; part-time work is considered on a prorated basis. Specialized experience requires meeting all three parts of the following:
Conducting portions of studies on the impact or implementation of new GAAP standards;
Researching and analyzing accounting and financial reporting issues; and
Developing and presenting recommendations to higher-level decision makers.
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). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
You must meet all qualification requirements and submit all required supporting documentation by the closing date of this announcement. If you are found to be among the most highly qualified candidates you will be referred to the hiring manager for further consideration and possible interview.
Time-In-Grade Requirements: Current and former Federal employees (including VEOA eligibles) must have served one-year (52 weeks) at the next lower grade in the Federal service to meet time-in-grade restrictions per 5 CFR 300, Subpart F, by the closing date of the announcement.
Time after Competitive Appointment: Current Federal employees must meet time after competitive appointment requirements per 5 CFR 330, Subpart E, by the closing date of the announcement.
If this position has a positive education requirement as part of the Basic Qualification Requirements, you MUST submit copies of your transcript(s) that include: your name, the name of the educational institution, course titles, number of semester/quarter hours, grade(s) earned and degree(s) awarded. Unless otherwise stated: (1) official or unofficial transcripts are acceptable at the time of application, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. Educational institutions must be accredited by one of the accrediting agencies or associations recognized by the U.S. Department of Education. All materials must be submitted by the closing date of the announcement.
Pass/Fail Courses: If more than 10 percent of your undergraduate course work (credit hours) were taken on a pass/fail basis, your claim of superior academic achievement must be based upon class standing or membership in an honor society.
Graduate Education: One academic year of graduate education is considered to be the number of credits hours your graduate school has determined to represent one academic year of full-time study. Such study may have been performed on a full-time or part-time basis. If you cannot obtain your graduate school's definition of one year of graduate study, 18 semester hours (or 27 quarter hours) should be considered as satisfying the requirement for one year of full-time graduate study.
Foreign Education: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university.
Only experience and education obtained by the closing date of this announcement will be considered.
All FCA employees are subject to the conflict of interest laws and Standards of Ethical Conduct imposed upon all employees of the Executive Branch of the Federal Government and may be required to file a Financial Disclosure Report.
FCA's supplemental ethics regulations restrict certain FCA employees concerning their direct or indirect interests in, or connections with, Farm Credit System institutions. These rules also require all employees to obtain approval for outside employment or business activities. Please contact the HR Division for additional information on these rules.
FCA uses E-Verify to confirm the employment eligibility of all newly hired employees.
This announcement may be used to fill additional vacancies if openings in the same series and grade occur.
Recruitment incentive of up to $5,000 sign-on bonus with a two-year service period may be authorized for applicants entering on their first Federal appointment.
Relocation incentive of up to $5,000 with a two-year service period maybe authorized for current Federal employees outside the local commuting area who relocate for appointment to this position.
This position is also advertised for non-competitive and status eligible candidates under job opportunity announcement VA-20-0118-DE-VMD. If you would like to be considered under both merit promotion (MP) and delegated examining (DE) procedures, you must apply to both announcements.
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Your resume serves as the basis for the determination of your qualifications and should highlight relevant work experience and education (if applicable) as it relates to this position. Your resume must include the following information:
Paid and non-paid work experience including your position title, start and end dates (month/year) of employment, average number of hours worked per week and salary;
Position series and grade for Federal positions;
Indication of the knowledge, skills and education you have that are pertinent to this position;
Specific duties you have performed as a regular part of your job with indications of the level of responsibility and complexity of work;
Names and contact information for your current and/or previous supervisor(s).
You must provide the information specified above in your resume to be considered for this position. Your resume must include enough detail to permit a valid determination that you meet eligibility and specialized experience requirements for each grade for which you are applying. Take a look at this online video for ideas on how to communicate your qualifications. If review of your resume and your responses to the self-assessment questions demonstrate that you have inflated your qualifications and/or experience, a score will be manually determined that reflects your documented experience. This may result in a lower score which may eliminate you from consideration for this position.
Your qualifications will be evaluated on the following knowledge, skills, abilities (KSAs) and other characteristics relevant to the duties of this position:
Policy Development and Implementation
Agency Career Transition Assistance Program (CTAP) or Interagency Career Transition Assistance Program (ICTAP) candidates must be rated "Well Qualified" (score of 85 or higher) for the position to receive priority consideration.
Background checks and security clearance
Drug test required
You must provide a complete Application Package through USAJOBS that includes your resume, responses to the Applicant Questionnaire and supporting documentation:
Current Resume: All applicants must submit a current resume. See the Qualifications and Evaluation section of the announcement for details on the information required. You can use USAJOBS resume builder or upload your own resume. Need help? Get some tips from this online video on Federal resume-writing.
SF-50: Current Federal employees must submit a copy of a recent SF-50 Notification of Personnel Action that shows: a) career or career-conditional tenure; b) competitive status; c) position title, series, grade and step; d) full performance level of your position; and e) proof of time in grade. You may need to submit more than one SF-50.
Transcript(s): All applicants must submit a copy of their college/university transcript(s) for positions with a positive education requirement. See the Education section of the announcement for details on education requirements for this position. Unofficial transcripts are acceptable at the time of application, but if you are selected, you must provide official transcripts to the Human Resources Office to verify your education prior to your entry on duty.
CTAP/ICTAP applicants only: If you are claiming priority consideration under CTAP or ICTAP, you must submit a) A copy of your RIF Separation Notice or Certification of Expected Separation or other documentation indicating that you are a surplus employee; b) Evidence of full performance level of current position; c) A copy of your most recent performance appraisal; and d) A copy of your most recent SF-50, Notification of Personnel Action.
Veterans' Preference eligibles: If you are claiming veterans' preference, you must submit a copy of your Certificate of Release of Discharge From Active Duty, DD-214 (Member Copy 2 or 4), or other official documentation from a Branch of the Armed Forces or the Department of Veteran's Affairs showing dates of service and type of discharge. If you are currently on active duty, you must provide an official statement of service from your command/unit which states the date you entered active duty, expected discharge type and date, and campaign medals you have received OR other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that proves your military service was performed under honorable conditions. If the appropriate information is not submitted to confirm your discharge status, dates of service, etc., you will not receive credit for the claimed active duty military service.
10-point Preference Eligible Veterans: If you are claiming Veterans' Preference based upon a Compensable Disability, Widow or Spouse Entitlement, or as a Purple Heart recipient, you must submit your DD-214 (Member Copy 2 or 4) AND documentation to support your status, e.g., Department of Veterans Affairs letter dated 1991 or later, marriage license, death certificate, etc. If you do not submit appropriate or adequate information to confirm your eligibility you may not receive the credit claimed.
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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