Accountant

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 FCSICs Annual Report government-wide and regulatory reporting such as Office of Management and Budget (OMB) data requests and year-end audited financial statements.
• 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.

• Must be a U.S. citizen.
• Males born aftermust 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.

Basic Requirements

1. 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
2. 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 applicants background must also include one of the following:
   1. Twenty-four 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; or
   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 applicants education training and experiencefully meet the specified requirements.

• Preparing or contributing to audited financial statements and an annual report including month end and year end close account reconciliations variance analysis and drafting or reviewing disclosures.
• Maintaining and reconciling the general ledger in an enterprise accounting system preparing journal entries (including accruals and adjustments) resolving abnormal balances and clearing reconciling items promptly.
• Designing documenting and testing internal controls over financial reporting; summarizing results; and supporting corrective actions to remediate control deficiencies. Performing evaluations and risk assessments over financial reporting processes using a recognized internal control framework such as the Committee of Sponsoring Organizations Internal Control-Integrated Framework.
• Preparing audit requests schedules/support and responding to auditor inquiries through fieldwork and closing.
• Drafting clear accounting procedures or policy memos and communicating complex financial topics to non accountants to support decision-making.