Systems Accountant

Job Title

Systems Accountant

Job Description

The Systems Accountant maintains FAA financial policies and procedures for capitalization under the minimal direction of the manager or other experienced professionals. Interprets Federal regulations and reconciles the impact on current FAA procedures and operations. Evaluates impacts of proposals or enactments of various PP&E policies from regulatory agencies to include the Office of Management and Budget (OMB), Federal Accounting Standard Advisory Board (FASAB), and the U.S. Treasury. Utilizes technical writing skills to amend, and/or draft new requirements as needed, and works with other AFM staff to develop dissemination strategies for implementation and compliance. Applies experience and subject matter expert knowledge of accounting principles and applications to advise FAA Line of Business/Staff Offices (LOB/SO) on matters relating to capitalization and system developments, including the National Project Capitalization Tool. Acts as a point of contact to provide advice and guidance on the application of property accounting policies and procedures to FAA programs and systems. Responds to inquiries for capitalization program support and performs capitalization quality assurance (QA) reviews in support of the agency requirements for the financial audit process. Prepares written responses to auditor inquires and development of Corrective Action Plans from financial statement audit. Interacts with LOB/SO and external audit stakeholders to include Department of Transportation (DOT), Treasury Department and independent contractor audit vendors to ensure compliance with PP&E policies throughout the audit process. Serves as a subject matter expert to FAA LOB/SO on property capitalization policies and procedures. Communicates FAA property accounting policies and procedures internally to the FAA¿s LOB/SO and externally to the independent DOT-identified auditors. Prepares written documents to include memorandum that document business decisions, operating instructions and manuals, training material, briefings, financial manual updates, and other related documents. Supports LOB/SO regional and headquarters personnel on capitalization requirements and policy interpretation. Analyzes and determines cost allocation for FAA capital projects. Supports various aspects of FAA financial management, including financial reporting and the annual financial audit. Prepares, coordinates, and executes the validation of capitalized assets at National Airspace locations in accordance with federal requirements to identify property as capitalized and/or reflected as an asset on the financial statements. Identifies, communicates and tracks needed updates to DELPHI property records based on asset validation site visits. Maintains accurate capitalization program resources, including Property, Plant, and Equipment section of the FAA Financial Manual and the FAA Asset Library. Established policies/procedures provide guidance for most assignments, but the Accountant uses considerable discretion to select the most appropriate approach(es) and/or recommend approaches to address current problems and anticipated issues. The employee ensures the requirements of the projects and other work activities align with the organizational goals and policies. The work of this position is reviewed typically through status reports and at project completion.