The Federal Energy Regulatory Commission, or FERC, is an independent agency that regulates the interstate transmission of natural gas, oil, and electricity. FERC also regulates natural gas and hydropower projects. As part of our goal, we are seeking highly skilled individuals to assist in carrying out the mission of this agency. The Federal Energy Regulatory Commission assists consumers in obtaining reliable, efficient and sustainable energy services at a reasonable cost through appropriate regulatory and market means. To learn more about the Commission, please visit www.ferc.gov .
This position is located in the Office of Enforcement, which serves the public interest by ensuring effective regulations and protecting customers through understanding markets and their regulation, timely identifying and remedying market problems, assuring compliance with Commission rules and regulations, and detecting and crafting remedies to address market manipulation and other non-compliance issues. The accountant will lead various accounting projects that require applying professional accounting principles and techniques to solve highly complex accounting and financial issues. The projects require (1) knowledge of Generally Accepted Accounting Principles and the Commission's accounting regulations; (2) knowledge of Commission rules, regulations, and precedents governing the regulation of Commission jurisdictional entities; (3) the ability to research and analyze various financial statements and disclosures and extremely complex and pioneering accounting matters to determine compliance with the Commission's accounting requirements and Generally Accepted Accounting Principles; and (4) the ability to prepare accurate and logical reports and present sound recommendations on the accounting treatment of extremely complex and pioneering financial accounting and reporting matters.
Position IS included in the Bargaining Unit
Please note - Only your resume and cover letter will be forwarded to the selecting official.
More than one selection may be made from this announcement and the office for that selection may vary.
- Must be a U.S. Citizen
- Must meet specialized experience and educ req for Accountants
- One year probationary period may be required
- Generally, male applicants must be registered with the Selective Service
- A background investigation is required; Travel up to 15% required
- Must submit transcripts upon application (unofficial transcripts accepted)
The incumbent of this position:
- Applies professional accounting principles, techniques, and theories to solve extremely complex and pioneering financial accounting and reporting issues.
- Prepares accurate, clear and logical reports and develops and presents sound recommendations on the accounting treatment regarding extremely complex and pioneering financial accounting and reporting matters.
- Leads the development and maintenance of the Commission's accounting regulations through research and critical analysis.
- Works independently and leads teams on a variety of extremely complex and pioneering accounting and other financial issues.
- Serves as a leading accounting expert to the Commission and industry to explain and interpret Generally Accepted Accounting Principles and the Commission's accounting regulations.
In addition to meeting the educational requirements for an Accountant, candidates must have one full year of specialized experience at or equivalent to the GS-14 level. Specialized Experience is defined as demonstrated experience leading major accounting projects involving extremely complex and pioneering financial matters on behalf of, or before, the Commission, a major electric or natural gas company, an energy industry association, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, or the Commodity Futures Trading Commission. Demonstrated experience leading major accounting projects involve the research, analysis, and communication of solutions to address extremely complex and pioneering financial accounting and reporting matters.
You must meet the educational requirements for an Accountant:
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.")
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.
Your resume must clearly document how you meet the specialized experience in order to meet the minimum qualification requirements for this vacancy. Transcripts must be submitted at time of application. All required documents must be received by the closing date of this announcement. If you do not submit a required document (e.g. transcripts, etc.) your application will be considered incomplete and you will not receive further consideration.
CONDITIONS OF EMPLOYMENT: If selected for this position, you will be required to: - Complete a Declaration for Federal Employment to determine your suitability for Federal employment. - Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer. - Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
HOW YOU WILL BE EVALUATED:
We will review your resume, responses to the questionnaire and required documents to ensure you meet the basic qualification requirements. Your resume must address the knowledge, skills, and abilities listed in the Qualifications Section. If you meet basic qualification requirements, your application will be further evaluated based on your answers to the on-line assessment. Your responses to the on-line assessment will be used to measure the degree to which your background matches the requirements for the position. You are being evaluated under the category rating method which means, if you are determined to be qualified, you will be placed into the 'Best Qualified', 'Well Qualified', or 'Qualified' Category. We will compare your resume and supporting documentation to your responses on the assessment questionnaire. If you rate yourself higher than what is supported by your application materials, your responses may be excluded from consideration for this job. We will evaluate your qualifications and eligibility and notify you if you meet minimum qualification requirements. NOTE: We do not require a separate statement responding to the competencies, also referred to as Knowledge, Skills and Abilities (KSAs). However, your resume should clearly show possession of these competencies. The Occupational Questions are used to evaluate your relevant educational and work experience. The questions are related to competencies/knowledge, skills, and abilities such as:
1)Knowledge of applicable energy and securities legislation (i.e., the Federal Power Act, Natural Gas Act, Natural Gas Policy Act, Interstate Commerce Act, and Public Utility Holding Company Act of 2005, Securities Act of 1933, Securities Exchange Act of 1934, and Sarbanes-Oxley Act of 2002), Commission rules, regulations, policies, precedents, and decisions governing the regulation of public utilities, natural gas companies and/or oil pipeline companies and demonstrated skill in applying this knowledge to extremely complex and pioneering financial accounting and reporting issues.
2) Knowledge of and demonstrated skill in applying Generally Accepted Accounting Principles and/or Regulatory Accounting Principles to develop and resolve highly complex financial accounting issues.
3) Knowledge of and demonstrated skill in applying forensic accounting theory, concepts, and practices to develop and resolve extremely complex and pioneering financial accounting and reporting issues.
4) Demonstrated ability to effectively plan, conduct, coordinate, manage and report on all aspects of extremely complex and pioneering financial accounting projects.
5) Demonstrated ability to conduct research and analysis of financial statements and disclosures filed with FERC and the U.S. Securities and Exchange Commissionaccounting to develop recommendations for the disposition of financial issues and take action to resolve, or coordinate the resolution of, financial issues.
To preview questions please click here .
We offer a workplace that is respectful, fair, and values diversity. Our comprehensive benefits are very generous - helping you to reach your personal goals by supporting your professional growth, health, well-being, and your family needs. Our benefits package includes: Challenging work, opportunities for advancement, competitive salaries, bonuses and incentive awards; Ten paid holidays, 13 days of sick leave, and 13 to 26 days of vacation time each year; Access to insurance programs that may be continued after you retire; A wide choice of health insurance plans, and coverage for pre-existing conditions. We pay a substantial amount (up to 75%) of the health insurance premiums; Flexible spending accounts for health care and for dependent care, employee assistance programs, flexible work schedules, and health and fitness programs. Learn more about Federal benefits programs by clicking here .
When promotion potential is shown, the agency is not making a commitment and is not obligated to provide future promotions to you if you are selected. Future promotions will be dependent on your ability to perform the duties at a higher level, the continuing need for an employee assigned to the higher level, and administrative approval. You must submit all required information by the closing date. The materials you send with your resume will not be returned. If you are selected at a grade lower than the highest shown in this listing, you will be placed under a career development plan and can be non-competitively promoted when you successfully complete the requirements for the higher grade. Before entering on duty, you may be required to complete a Confidential Financial Disclosure Report, OGE-450. You will need to provide the information annually. Relocation expenses will not be paid.
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