Manager, Resolution Valuation & Analysis Section (RVAS), CM

Summary

This FDIC Division of Finance role located in the Controller Branch in Washington D.C. manages the RVAS team ensuring accurate evaluation and accounting of bank-failure impacts on the Deposit Insurance Fund (DIF) and FDIC financial statements. Duties include monitoring resolution activities and coordinating on liquidation and receivership accounting activities and their impact on FDIC Corporate financials.

Salary reflects a pay cap for this position of $277500.

Duties

As Manager of RVAS the incumbent is responsible for planning organizing and directing all activities of the section. The incumbent serves as a key member of the Division of Finance management team responsible for assisting in the development and implementation of Division policies and procedures. The incumbent also assists the Deputy Director Controller in directing the overall planning and timely execution of the Divisions subsidiary accounting and resolution activities for the Corporation and is expected to effectively lead a staff of accountants foster effective communication implement organizational changes build internal and external relationships and function in an adaptable and results-orientated work environment.

Establishes and maintains the Corporations financial data processes to capture and properly account for the Corporations financial activities according to established accounting and reporting standards and procedures.

Responsible for ensuring a unified reliable secure well-maintained and fully functional systems environment for various FDIC Corporate and receivership (resulting from failing bank resolution activities) financial systems. Responsible for the analysis of failed institutions receiverships financial reports with the purpose of generating proper accounting in FDICs Corporate Financial Statements especially as it relates to due to and due from activities with receiverships as well as loan loss allowances. Leads the timely preparation and distribution of recurring and ad-hoc management reports for Corporate or receivership resolution entities.

Maintains a working knowledge of GAAP and liquidation accounting; monitors and analyzes trends in the accounting field as they relate to the FDIC providing periodic assessments to the Deputy Director Controller. Provides expert accounting advice and technical assistance in the analysis of financial operational programs for complex business events and new FDIC activities to ensure proper accounting and reporting.

Plans manages directs and coordinates with their respective Division of Resolution and Receiverships (DRR) partners on operational procedures for suspense accounting and failed institutions resolution matters impacting FDICs Corporate accounting the reporting environment the receiverships and the FDIC. Supports DRRs resolution efforts by providing staff serving as Financial Managers Claims Agents or Customer Service Agents when necessary.

Monitors the resolution activity of all receiverships to determine their potential financial impact on the FDIC in its Corporate capacity.

Provides expert advice and technical assistance in the development of receivership valuation policies and procedures and serves as a focal point for ensuring appropriate accounting procedures for all liquidation accounting transactions impacting the FDIC Corporate financial statements. Manages a wide variety of complex estimation and valuation programs affecting Corporate financial records including the allowance for loss reserve on receivables from resolutions assets and liabilities from shared-loss agreements indemnification agreements estimated liability for representations and warranties and other contingent loss reserves.

Ensures proper recording of resolution transactions that impact FDICs Corporate books. Establishes the initial and quarterly updates of contingent loss reserves for receiverships the Deposit Insurance Fund (DIF) and the FSLIC Resolution Fund (FRF). Updates estimated losses on assets in liquidation residing in DIF receiverships.

Responsible for assisting the Deputy Director Controller in the efficiency and productivity of the the absence of the Deputy Director may assume his/her responsibilities.

Serves as part of the management team in making and implementing policy. Provides guidance to staff on policy procedure law regulations and other matters relating to the technical and administrative aspects of their work. Supervises the RVAS staff including organizing work establishing goals and deadlines assigning tasks monitoring progress adjusting workloads interviewing candidates preparing performance standards conducting appraisals recommending personnel actions providing instruction and identifying training needs. Works in collaboration with the appropriate OPC or Legal staff to administer disciplinary action. Hears and resolves grievances or other disputes as appropriate. Approves/ disapproves requests for leave telework travel training etc Discusses administrative matters with staff resolves employee complaints as appropriate and identifies areas for improvement in operations systems or procedures. Ensures that EEO plans and programs performance measurement employee development and other personnel-oriented requirements are executed equitably and consistent with Corporate policy.

Requirements

Conditions of employment

2-page ResumeRequirement: Please limit your résumé to 2 pages (minimum 10-point font). If more than 2 pages are submitted only the first 2 pages will be reviewed to determine your eligibility/qualifications.

Registration with theSelective Service.

U.S. Citizenship is required.

Employment Conditions.

High Risk Position - Background Investigation (BI) required.

Employee may be relocated to any duty location to meet management needs.

Qualifications

To meet the minimum qualifications applicants must possess the leadership and technical experiences listed below. These qualifications would typically be gained through serving in roles that require managing projects/teams or guiding the technical work of others.

Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience including volunteer work done through National Service programs (e.g. Peace Corps AmeriCorps) and other organizations (e.g. professional; philanthropic religious/spiritual; community; student social). Volunteer work helps build critical competencies knowledge skills and abilities and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience including volunteer experience.

BASIC REQUIREMENT:

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. 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 experience fully meet the specified requirements.

In addition to meeting the basic requirement you must also possess the experience below.

MINIMUM QUALIFICATIONS: All applicants must submit a resume that addresses each minimum qualification experience. Examples should be clear concise and emphasize your level of responsibilities; the scope and complexity of the programs activities or services you managed; program accomplishments; policy initiatives undertook; level of contacts; the sensitivity and criticality of the issues you addressed; and the results of your actions. You should use action-oriented leadership words to describe your experience and accomplishments and quantify your experience wherever possible to demonstrate your accomplishments (e.g. number of employees supervised).

Leadership Experience: Experience leading and coordinating projects including establishing expectations reviewing work products/services monitoring progress and providing guidance and feedback to team members; AND

Technical Experience 1: Experience managing financial accounting processes system environments and reporting activities to ensure accurate and reliable organizational financial information; AND

Technical Experience 2: Experience applying and coordinating accounting policies procedures and regulatory requirements across organizational units and providing guidance on financial system functionality and operational accounting issues; AND

Technical Experience 3: Experience analyzing accounting transactions assessing financial outcomes and communicating findings to decision-makers.

Education

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

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. 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 experience fully meet the specified requirements.

Additional information

To read about your rights and responsibilities as an applicant for Federal employment click here.

Ifselectedyoumayberequiredtoserveaprobationaryor trialperiodasapplicabletoappointment type. During the probationary or trial periodyou will be evaluated for fitness and whether your continued employment advances the public determining if your employment advances the public interest we may consider:

• your performance and conduct;
• the needs and interests of the agency;
• whether your continued employment would advance organizational goals of the agency or the Government; and
• whether your continued employment would advance the efficiency of the Federal service.

Upon completion of your probationary or trial period your employment will be terminated unless you receive certification in writing that your continued employment advances the public interest.

If selected you may be required to serve a supervisory/managerial probationary period.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

This position is a Corporate Manager CM-00 which is equivalent to above the CG/GS-15.

This is a recommended minimum Step 5 position.

Current or Former Political Appointees: The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently or have been within the last 5 years a political Schedule A Schedule C or Non-Career SES employee in the Executive Branch you must disclose this information to the HR Office.

Candidates should be committed to improving the efficiency of the Federal government passionate about the ideals of our American republic and committed to upholding the rule of law and the United States Constitution.

Required Experience:

Manager