Accounting, Auditing, Bookkeeping, Finance, Economics, Banking, Government and Military
4 Year Degree
Position Summary This position is in the Finance and Administration Division and is responsible for the ongoing development, maintenance, and integrity of accounting systems at ARC. This position serves as a technical advisor to the Division Director, Finance and Administration on financial matters, including application of Federal accounting and audit standards, improvement of financial controls and automation of financial information. The incumbent ensures that ARC utilizes an accounting system that is suitable for the accounting standards it employs and provides ARC management (Federal, State, and Commission) with financial performance data and reports required for program management across a wide range of areas.
This position reports to the Division Director.
Duties and Responsibilities
Serves as a technical advisor to the Division Director on financial matters including application of Federal accounting and audit standards, improvement of financial controls and cash management systems, and automation of financial information.
Advises on maintenance of accounting systems, including related coding and control systems that properly record obligations and payments under approved Commission grant program and administrative accounts.
Supervises the outsourced accounting function producing financial statements that include "child agencies". Evaluates adequacy of the accounting system on an ongoing basis; researches industry practices to determine the most efficient and effective configuration for accounting systems support, while promoting cost-effectiveness. Ensures that ARC's financial reports are prepared timely and accurately by our accounting service provider.
Oversees financial statement preparation to ensure clean audits every year. Incumbent prepares financial statements; reports to OMB.
Analyzes the results and interpretation(s) of the effects of financial transactions on the operation of the Agency.
Applies accounting concepts to solve problems, render advice, or meet other needs of management.
Maintains relationships with Federal accounting bodies and policy makers to ensure that services are responsive and that ARC is in compliance, by regular participation and liaison with the Federal accounting community, FMS, and JFMIP, Federal agencies or contractors providing any accounting services to the Commission Treasury Department to assure ARC compliance with cash management requirements.
Keeps abreast of changes in federal accounting rules, regulations, and processes. Reviews OMB issuances, such as (OMB) A-136 modifications (that occur annually) for application to ARC. Consults with ARC General Counsel to determine if a rule or change applies to ARC. Meets with other agencies to investigate how they are responding to rule or process changes. Attends meetings and workshops sponsored by US Department of Treasury and Association of Government Accountants; attends GAGAS meetings.
Advises the Division Director, Finance and Administration on technical aspects of financial systems and policies resulting from changes in industry practices, accounting standards, or Federal requirements.
Responds to States, grantees, accounting firms and the public regarding financial and audit requirements of grants, referring inquiries where appropriate to the Office of the General Counsel.
Provides periodic and ad hoc accounting reports concerning Commission budget and other accounts.
Develops written recommendations for management review. Develops policies and/or SOPs as needed, to reflect regulatory or process change.
Conducts special projects or studies to evaluate influences on the ARC financial position. Studies may relate to payroll issues, projections of activity levels because of a change in funding or addition of initiatives, accounting systems evolution, etc.
Other work responsibilities: The supervisor may assign special tasks. Some assignments may involve providing assistance in project management and/or review of processes.
Adaptability - ability to accept and apply changes to work processes, information, team; recovers quickly from setbacks and finds alternative ways to reach goals or targets; navigates change through positive communications and supportive actions
Communicating - selects appropriate and effective way to communicate to audiences in diverse situations; listens actively and asks questions to understand other perspectives or confirm understanding; awareness of and responsive to verbal and non-verbal communication styles; provides status updates which reduce or eliminate the need for follow up from requestor
Writing - Recognizes or uses correct English grammar, punctuation, and spelling; communicates information (for example, facts, ideas, or messages) in a succinct and organized manner; produces written information, which may include technical information that is appropriate for the intended audience; produces written material that is timely, accurate, succinct and relevant to recipient's needs.
Collaboration - ability to interact and work effectively with others to accomplish goals despite differences, changes, roles or resources; treats others with respect, dignity, and professional courtesy; values the contributions of others through listening, sharing relevant information and considering new ideas; affirmatively shares lessons learned and relevant information.
Critical Analysis - ability to identify, research, analyze, design, manage and communicate data and outcomes sufficiently to various audiences to accomplish work outcomes; develops, recommends, and/or implements innovative and effective approaches to solve problems.
Accountability - makes best use of resources to accomplish work priorities; takes responsibility of balancing quality with deadlines; takes appropriate action(s) to fulfill commitments to others; owns, acknowledges and corrects mistakes; immediately communicates updates and changes to others
Mastery of the concepts, principles, practices, laws, and regulations of budgeting and/or financing; and the financial and budgetary relationships between subordinate and most senior levels of financial management and budgeting within the employing entity
Applied knowledge of Federal accounting standards and systems, including the General Ledger and Federal accounting systems requirements, Federal auditing standards, and CFO legislation.
Demonstrated knowledge of Federal government accounting practices, rules, and regulations
Ability to effectively manage accounting systems through external resources or internal staff
Knowledge and application of OMB budget and reporting requirements
Core competencies for accounting (financial management) personnel in the Federal government, prescribed by JFMIP [http://www.gao.gov/products/JFMIP-ET-99-8]
Postsecondary education in accounting, finance, or closely related field
Strong attention to detail
Certified Government Financial Manager (CGFM) and/or
Certified Public Accountant (CPA)
Prior to hire, the selectee must successfully complete a federal background investigation
Additional Salary Information: Salary and Benefits
ARC generally follows the General Schedule Salary Table of the Federal government. ARC’s grade NF-13 is equivalent to the federal grade GS-13. This is not a federal position; however, if a federal employee is selected for this position and transfers without a break in service of more than three calendar days, he or she is entitled to continue his or her retirement and life/health insurance benefits. A non-federal selectee will be offered a benefits package (including health, retirement, paid time off, commuting subsidy, etc.).
Internal Number: 2018-03
About Appalachian Regional Commission
The Appalachian Regional Commission (ARC) is an economic development agency of the federal government and 13 state governments focusing on 420 counties across the Appalachian Region. ARC's mission is to innovate, partner, and invest to build community capacity and strengthen economic growth in Appalachia to help the Region achieve socioeconomic parity with the nation.