Accountant for Recent Graduates

FDIC Accountant for Recent Graduates

To apply and learn more about this position, go to USAJOBS - Job Announcement

These positions are located in the Division of Resolutions and Receiverships, Financial Services & Technology Branch, of the Federal Deposit Insurance Corporation.  Trainees will perform a variety of duties and perform progressively more difficult assignments to gain increased knowledge of the work including participating in financial institution closings.

Eligible applicants are those who have graduated within the last 2 years, or will graduate by May 2024, and have completed a qualifying degree or certificate from a qualifying educational institution. Veterans unable to apply within 2 years of receiving their degree, due to military service obligation, may have their eligibility period extended. The 2-year eligibility period begins upon release from active duty and may not extend beyond 6 years from degree completion.

Duties

-Adheres to accounting policies, practices, and procedures of the Section, including system descriptions, accounting manuals, and various rules and regulations of the Corporation and other government agencies, including liquidation and receivership accounting practices.

-Assists management with resolving problems that arise in order for journal entries posted to the General Ledger.

-Assists management on adjusting differences with data integrity within prescribed General Ledger systems, automating manual processes, and coordinating and communicating system changes.  Systems include, but are not limited to the general ledger and accounting, asset management, asset servicing, liability and liquidation.

-Maintains good working relationships with staff members in government and accounting profession conducive to sound accounting practices and procedures.

-Provides technical advice and recommendations on accounting issues.

-Prepares accounting reports and provides supporting written documentation.

Conditions of Employment

Registration with the Selective Service.

U.S. Citizenship is required.  

Employment Conditions.

Completion of Financial Disclosure may be required.

Background Investigation (BI) required

Selectees must sign an FDIC Pathways Recent Graduates Program Participant Agreement.

The applicants selected will be offered a position in the FDIC Pathways Recent Graduates Program, on an excepted service appointment. Program and conversion requirements will be identified in the FDIC Pathways Recent Graduates Participant Agreement. After successful completion of all the program requirements and based on the FDIC's budget and needs, recent graduates may be non-competitively converted to a term or permanent position in the competitive service. This is a career ladder position as an Accountant with full performance level of CG-0510-12. However, service in the FDIC Pathways Recent Graduates Program confers no right to further employment in the competitive or excepted service

Qualifications

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, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Additional qualifications information can be found here.

CG-07: To qualify, candidates must meet one of the following requirements:

1. Experience: One year of specialized experience equivalent to at least the 5 grade level or above in the Federal service.  Specialized experience is defined as experience applying generally accepted accounting principles (GAAP) to record financial transactions and generate management and financial reports.  -or-
2. Education: Completion of 1 full year of graduate level education.  Such education must demonstrate the knowledge, skills, and abilities necessary to do the work.  -or- 
3. Superior Academic Achievement: Applicants qualifying under must have completed (or expect to complete within 30 days from the closing date of the announcement) all the requirements for a bachelor's degree from an accredited college or university. SAA. is based on (1) class standing, (2) grade-point average, or (3) honor society membership.
4. Class standing -- Applicants must be in the upper third of the graduating class in the college, university, or major subdivision, such as the College of Liberal Arts or the School of Business Administration, based on completed courses.
5. Grade-point average (G.PA.)- Applicants must have a grade-point average of:
   1. 3.0 or higher out of a possible 4.0 (''B" or better) as recorded on their official transcript, or as computed based on 4 years of education, or as computed based on courses completed during the final 2 years of the curriculum; or
   2. 3.5 or higher out of a possible 4.0 ("B+" or better) based on the average of the required courses completed in the major field or the required courses in the major field completed during the final 2 years of the curriculum. Grade-point averages are to be rounded to one decimal place. For example, 2.95 will round to 3.0 and 2.94 will round to 2.9.
6. Membership in a national scholastic honor society recognized by the Association of College Honor Societies. -or-
7. Combinations of education and experience: A combination of graduate level education and specialized experience as described above that together meet the qualification requirements for this position.

CG-09:  To qualify, candidates must meet one of the following requirements:

      1. Experience: One year of specialized experience equivalent to at least the 7 grade level or above in the Federal service.  Specialized experience is defined as experience in applying generally accepted accounting principles (GAAP) to record financial transactions; perform analyses of accounting data; and to generate and present management and financial data reports.  -or-

      2. Education: Applicants must possess a master's or equivalent graduate degree, or 2 full years of progressively higher level graduate education leading to such a degree, or LLB or J.D., if related. -or-

      3. Combinations of education and experience: A combination of graduate level education and specialized experience as described above that together meet the qualification requirements for this position.

Education

See requirements stated under QUALIFICATIONS.

Additional information

The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 26.91% to a high of 33.41%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here. 

TELEWORK OPTIONS ARE SUBJECT TO CHANGE. For more information on telework at the FDIC, please reference the available telework options for this position here. 

Selectee(s) for this position will be required to report to their duty station office at least 1 day per pay period beginning January 2, 2024, and at their supervisor’s direction to support mission and project needs. In person reporting requirements are expected to increase in July 2024.

If selected, you may be required to serve a trial period.

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

All selectees must sign an FDIC Pathways Recent Graduates Program Participant Agreement.

How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

The online assessment questions and resume you submit for this position will be reviewed to determine whether you meet the basic eligibility and qualification requirements as outlined in this announcement. Therefore, it is imperative that the documents you submit contain sufficiently detailed information upon which to make this basic qualification determination.  Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, the average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.

If you meet the basic eligibility and qualification requirements, you may be referred to the selecting official for further review and consideration. Candidates who are eligible for veterans' preference will receive selection priority.

Top ranked candidates will be referred to the selecting official for further review and consideration. Candidates eligible for veterans' preference will receive selection priority over non-veterans. If you rated yourself higher than what is supported by your resume, your overall qualifications assessment may be adversely affected.

The assessment questionnaire is designed to measure your ability in the following competencies/knowledge, skills, and abilities (KSAs):

All Grades:

1.  Knowledge of acceptable accounting operating policies and procedures or systems to identify problem areas.

2.  Ability to communicate in order to respond to requests for information.

3.  Ability to use a variety of PC software applications including advanced proficiency in Microsoft Office applications, particularly Microsoft Excel.

CG-07:

1.  Knowledge of generally accepted accounting principles (GAAP), practices, methods, and techniques to perform a variety of routine accounting assignments.

2.  Knowledge of accounting systems.

CG-09:

1.  Ability to apply generally accepted accounting principles (GAAP), practices, methods and techniques to perform a variety of routine accounting assignments.

2.  Ability to establish and maintain an accounting control and records system.

You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.

You may preview questions for this vacancy.