Pension Benefit Guaranty Corporation - Washington, DC

This job posting is no longer available on Find similar jobs: Accountant jobs - Pension Benefit Guaranty Corporation jobs

This position is located in the Benefits Administration and Payment Department (BAPD), Deputy Director of Operations (DDO).

More than one selection may be made from this vacancy announcement.
Recruitment incentives may be authorized for this position, if applicable.

Marketing Statement:

The Pension Benefit Guaranty Corporation has a distinguished and important mission in protecting America's pensions. At PBGC, you will use your skills in accounting, auditing, business, finance, law, actuarial science, or information technology and more, to protect the retirement income of nearly 44 million hardworking Americans. Our work is challenging, compelling, and important. Whatever your background or expertise, you will find your future at PBGC exceptionally rewarding because the work you perform will have a daily impact on the lives of relatives, friends and neighbors. It will be like no other career choice you have explored.

The Benefits Administration and Payment Department is seeking talented candidates to provide technical accounting guidance while performing plan asset evaluations for terminated pension plans taken over by the PBGC as an Accounting Specialist. The plan asset evaluation process entails identifying all assets and non-participant liabilities existing within a plan as of the date of a plan’s termination and determining the net asset value of all assets and non-participant liabilities identified. The plan asset valuation process is a critical step in determining individual plan participants’ benefits under those plans.

We are counting on bright, talented and dedicated individuals like you to achieve our goals. You will be both challenged and supported, so if you are looking for new opportunities consider PBGC and start making a difference today! If you are interested in a challenging career with great benefits, training, and strong growth potential, we strongly encourage you to apply for the Accountant position today!
  • You must be a U.S. citizen.
  • You may undergo a personnel security background investigation.
  • Selective Service registration required for male applicants, unless exempt
  • 1 year probationary period required unless met during prior Federal service
  • Applicants selected for employment will be required to complete an OF-306
  • Travel: Less than 10%

DUTIES: As an Accountant you will, serve as technical authority and subject matter expert on complex accounting issues.

Provide authoritative guidance on technical accounting, auditing and valuation matters.

Conduct detailed examinations of work papers to assist in the investigating of accounting and financial transactions.

QUALIFICATIONS REQUIRED: In order to qualify for the Accountant position, applicants must meet the education and specialized experience qualification requirements.


A degree from an accredited college or university 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; OR
B. Combination of Experience and Education 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; or * A certificate as a Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; or * Completion of the requirements for a degree that included substantial coursework 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 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.

Specialized Experience: Applicants must possess at least one year of specialized experience at or equivalent to the GS-13 grade level in the Federal service that demonstrates experience in a public accounting, insurance, banking or similar institutions; providing technical accounting and audit guidance to a group of financial analysts, accountants, auditors and actuaries, investigating and/or evaluating financial transactions by reviewing financial statements, valuation of plan assets, bank documents, databases, credit statements, ledgers, memos and other financial records. Examples may include: providing professional standards guidance such as the American institute of Certified Public Accounts (AICPS) and/or Public Company Accounting Oversight Board (PCAOB), or similar professional organizations in a public accounting environment or providing technical accounting guidance for a financial institution such as a bank or insurance company or similar entities. Applicants are encouraged to provide a narrative in the Work History section that describes the duties performed relative to the specialized experience defined for this position.

All requirements must be met by midnight EST by the closing date of this announcement.

HOW YOU WILL BE EVALUATED: Category Rating is being used for this position. If you meet the basic qualification requirements, we will further evaluate your resume to determine the quality and extent to which your background (experience, education, training, etc.) relates to the following experience statements:

1) Knowledge conducting evaluations of pension plans assets which includes investigating and analyzing accounting and financial records to determine/assess the fair market value of pension plan assets. 2) Ability to analyze and interpret complex financial statements and information for irregularities, financial statement misrepresentations, fiduciary breach and fraud. Based on that evaluation, we will place you in one of the following categories- 1) Gold; 2) Silver; 3) Bronze.

"If, after your application has been rated by the Subject Matter Expert, you are found to meet none of the experience statements listed above, you will be placed in the Bronze category."

The Category Rating Method does not add veterans' preference points or apply the "rule of three," but protects the rights of veterans by placing them ahead of non-preference eligibles within each category. Preference eligibles who meet minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent are listed in the highest quality category, except when the position being filled is scientific or professional at the GS-9 grade level or higher. A selecting official may make selections from the highest quality category (Gold) provided no preference eligible in that category is passed over to select a non-preference eligible in that category unless the requirements of 5 U.S.C 3317(b) or 3318(b) are satisfied.

To preview questions please click here .

BENEFITS: Visit Federal Employee Benefits for information on the major benefits offered. Visit PBGC Employee Benefits to learn more about PBGC specific benefits.

OTHER INFORMATION: To be considered under a special hiring authority such as the Schedule A appointing authority for persons with disabilities ; the Veterans' Recruitment Appointment(VRA) authority ; the direct-hire authority to appoint veterans with service-connected disabilities of 30 percent or more ; Peace Corps or VISTA service; or another excepted service/special hire authority, you must submit documentation to support your claim for eligibility with your application package. For more details, visit Federal Hiring Flexibilities .

PBGC encourages qualified applicants with disabilities to apply. Applicants with disabilities who are interested in learning more about job opportunities under the Schedule A Hiring Authority and other available hiring flexibilities and authorities are encouraged to contact PBGC's Selective Placement Program Coordinator, Donald Beasley, at (202) 326-4000 ext. 3637 or TTY/TDD users should call the federal relay service at (800) 877-8339 and ask to be connected to (202) 326-4000 ext 3637. - 2 years ago - save job
About this company
13 reviews